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In Germany, the number of industrial orders fell sharply in January, which was mainly due to a decrease in external demand. According to the Federal Statistical Office, the seasonally adjusted January figure dropped by 2.6% compared to December, showing the lowest level in the last 7 months. The index of orders, not taking into account large orders, in January showed a drop of 2.5%. Orders within the country decreased by 1.2%, orders from other countries decreased by 3.6%. Decrease in demand in the eurozone was at the level of 2.6%. The rate of orders from countries outside the euro area fell by 4.2%. The decline in orders for capital goods was at the level of 3.6%. Intermediate goods were ordered 1.1% less than in December. Consumer orders fell 1.4%. As compared with January 2018, the decrease in production orders in Germany was at the level of 3.9%.
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 ...
Asian shares fell on Thursday as the U.S.-China tensions overshadowed hopes for more economic stimulus after Washington ordered the closure of Beijing’s consulate in Houston amid spying allegations. China called the order an “unprecedented ...
Oil prices fell on Thursday after OPEC+ agreed to lessen output cuts from August, though the decline was dampened by a recovery in demand as U.S. crude stocks had an unprecedented drop. Brent crude slid 0.3%, or 13 cents, at $43.66 per barrel. ...
Gold prices rose earlier on Monday in Asia, remaining above the $1,800 as the COVID-19 pandemic continues to worsen around the world. Gold futures slipped by 0.29%, trading at $1,807.15 per ounce by 12:47 AM ET (05:47 AM GMT). Investors flocked ...
Tesla Inc will be manufacturing mobile molecule printers in an attempt to aid Germany’s biotech firm CureVac in developing a potential COVID-19 vaccine, according to a tweet by the electric-car maker’s CEO Elon Musk on Wednesday. CureVac ...
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