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In the first half of the year, Volvo Cars, the Swedish manufacturer of premium cars, increased sales by 14.4% in annual terms to a record 317 thousand 639 cars. Growth was noted in all three key markets of Volvo Cars - in the US, China and Europe. In the US market, growth was 39.6%, in China - 18.4%, in the European market - 5.7%. Sales Director at Volvo Car Russia, Alexei Tarasov, noted that sales figures reflect today not the real demand, but the company's opportunities to get cars from factories in Europe and China, “which are overwhelmed by rush demand from all markets”.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
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