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The US Department of Commerce reported that citizens' income growth in September slowed to 0.2% from their rise by 0.4% in August. Experts had expected the maintenance of the August growth rate of 0.4%. According to the ministry, household spending rose by 0.4% in September compared with a 0.5% increase in the previous month. The growth of the PCE Core index by 0.2% in September compared to August exceeded the growth predicted by economists by 0.1%. The annual growth rate of 2% coincided with expert estimates. The rise in real disposable incomes of the population also slowed to 0.1% from 0.2% in August. The savings rate was 6.2%, down from 6.4% in the previous month. Salaries and wages adjusted for inflation and taxes increased by 0.2% in September, which also turned out to be weaker than growth by 0.5% a month earlier.
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
SensorTower announced on Wednesday that Apple (AAPL) removed more than 2,500 games from the China App Store in the first week of July. The move came after the U.S. tech giant closed a loophole to comply with China’s license requirements. Apple ...
Oil prices traded lower in Asia earlier on Monday, a few days before OPEC’s technical meeting scheduled on Wednesday. Investors are expecting that OPEC would further recommend the easing of its current supply cuts in a bid to reverse ...
China saw its factory gate data for June perform better than expected on Thursday morning. However, persistent deflation indicated that the impact from the COVID-19 pandemic still continues to linger. The data, released by the National Bureau ...
KYC Policy