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The growth in production in South Africa accelerated in July, finversia.ru reported, citing official data. According to preliminary data from the statistical office, in July, the volume of production, excluding adjustments, increased by 2.9% compared to the same month of the previous year. Compared with the rise of 0.6% in June, the July growth rate accelerated. The output of food and beverages increased by 5.8% year-on-year, car production - by 8.3%. Relative to the previous month, production in the manufacturing industry, taking into account seasonal fluctuations, increased by 1.6%, also accelerating as compared to growth of 0.2% a month earlier.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
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 ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
South Korea on Wednesday announced that it would scale back its plans to impose capital gains taxes on stock investments after numerous complaints from retail investors. However, taxes will, instead increase for top earners as part of changes ...
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. ...
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