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In July 2018, the trade balance surplus of Germany, adjusted for seasonal fluctuations, declined by 3 billion 200 million euros in June to 15 billion 800 million euros, which was the lowest since March 2014. In July, it was unexpectedly recorded a decrease in exports from Germany by 0.9% compared to zero growth a month earlier to 111 billion euros. The volume of German imports for the month increased by 1.2% to 94.5 billion euros. Experts had predicted an increase in exports by 0.3%, imports - by 0.1%. The export of goods to other EU countries grew by 8% year-on-year to €64.5 billion. The import increased by 10.9% to 53 billion 700 million euros. Exports to countries outside the EU in annual terms increased by 7.1%, imports - by 13.6%.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
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 ...
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