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The index of business activity in Germany declined in September to 103.7 points from 103.9 points in August, data of the IFO showed. Analysts had expected the decline to 103.2 points. The indicator, which determines the business expectations of German companies, dropped to 101 points from 101.3 points in the previous month, mainly due to the weakening of the indicator in the manufacturing industry. Improved sentiment was observed in the retail and service sectors. The construction sector also showed growth in business activity. IFO data indicated a decrease in the index of current business conditions in September to 106.4 points from 106.5 points.
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
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