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The index of business optimism of small businesses in the United States dropped in January to the lowest level since November 2016, to 101.2 points, having lost 3.2 points over the month. These data are published in the report of the National Federation of Independent Business (NFIB). Bloomberg writes that these data indicate a deterioration in the prospects for the American economy due to the longest government closure period in US history. Since October 2016, the share of those companies that are hoping to improve business conditions in the next six months was at the lowest level of 6%. The survey participants, however, expect in the short term stable demand, as the share of those planning capital expenditures for the next 3-6 months has grown. At the same time, the minimum number of companies since 2017 believes that the present is suitable for business expansion.
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 ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
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 ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...
On Thursday, United Airlines' (UAL.O) and its pilots' union said that they had reached an agreement on two different resolutions to reduce involuntary furloughs in August. The company said that it would keep pilots ready once the global travel ...
KYC Policy