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In the US manufacturing sector in February, there was a decline in business activity. The corresponding index from the Institute for Supply Management was 54.2 points against the January value of 56.6 points. In February, the index value was the lowest since November 2016. According to experts, it was expected to drop to 55.8 points. The indicator, which indicates the dynamics of new orders in the country, dropped to 55.5 points from 58.2 points. The indicator of employment also showed a decline. Its value was 52.3 points against 55.5 points in January. In the remaining 16 sectors (out of 18), growth was recorded. 10 sectors showed employment growth. In 13 sectors, there was an increase in orders, companies from 12 sectors announced an increase in the volume of production.
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 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 ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
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