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The price of zinc fell to a minimum for the year on the back of concerns about the slowdown in the growth rate of China's economy. On Monday, during the bidding on the London Metal Exchange, its value fell by 2.7% to 2 thousand 507.5 dollars per ton. Since the beginning of the year, zinc has fallen in price by 24%. According to the State Statistical Office of the PRC, China's economy slowed to 6.7% in the second quarter after an increase of 6.8% quarter-on-quarter in the second quarter. According to analysts at Morgan Stanley, the trade war between China and the US can further slow down the growth of the Chinese economy in the near future. At LME on Monday, there was a decline in prices for all metals except aluminum.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
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 ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
KYC Policy