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In April, China recorded an acceleration in business activity in the service sector, helped by a significant increase in new orders. According to Caixin Media and IHS Markit, the PMI in the services sector was 54.5 points, up from 54.4 points recorded a month earlier. New export orders showed the fastest growth rates since the end of 2014. Chinese service companies recruited new employees in April at the fastest pace in ten months. The operating expenses of such companies showed the most significant growth since September last year. Prices for services rose at the fastest pace since June 2018. At the same time, due to the weak manufacturing sector, China’s consolidated PMI fell to 52.7 points from 52.9 points in March.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
KYC Policy