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In January, the number of orders for durable goods in the United States rose by 0.4% compared to December, when there was an increase of 1.3%, the country's Department of Commerce reported. This came as a surprise to economists, since they had predicted a decrease in orders by 0.5%. Orders for transport equipment after the increase by 3.1% in December continued to grow, and in January the increase was by 1.2%. Continued growth was also observed in the production of non-military aircraft and spare parts for them, where orders grew 15.9%. It is noted that further growth in orders for air transport may drop sharply due to the situation with Boeing after the crash of its 737 Max aircraft. The index of orders for durable goods, which does not include orders for transport equipment, fell in January by 0.1%.
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 ...
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 ...
The U.S. Chamber of Commerce on Thursday urged China to increase its purchases of U.S. goods and services as agreed under a Phase 1 trade deal despite delays caused by the COVID-19 pandemic. The Chamber said the pandemic had clearly slowed ...
Europe's biggest travel company TUI Group (TUIT.L) stated on Wednesday that it has agreed for a compensation package with aircraft maker Boeing Co. (BA.N) to shield its finances from the impact of the coronavirus pandemic. The deal includes ...
For the first time since January, the services industry of China recorded its growth in May, signaling the start of economic recuperation from stagnation due to lockdown measures implemented amidst the outbreak of the coronavirus. However, ...
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