Covid-19 Control Measures Weigh On China’s Industrial Profits
China’s industrial profits plunged at the start of the year as coronavirus, or covid-19, epidemic weighed heavily on economic activity, data publish by the National Bureau of Statistics showed Friday....
View ArticleCoronavirus Sends China Manufacturing PMI Tumbling
The manufacturing sector in China fell deeply into contraction in February, the latest survey from Caixin revealed on Monday with a manufacturing PMI score of 40.3. That’s down sharply from 51.1 in...
View ArticleNew Zealand Trade Deficit NZ$340 Million In January
New Zealand posted a merchandise trade deficit of NZ$340 million in January, Statistics New Zealand said on Thursday. That beat expectations for a shortfall of NZ$549 million following the NZ$547...
View ArticleSouth Korea Consumer Confidence Weakens In February
South Korea’s consumer confidence weakened in February after rising in the previous month, survey results from Bank of Korea showed on Tuesday. The consumer confidence index fell to 96.9 in February...
View ArticleJapan Has Y1,312.6 Billion Trade Deficit In January
Japan posted a merchandise trade deficit of 1,312.6 billion yen in January, the Ministry of Finance said on Wednesday. That beat estimates for a shortfall of 1,684.8 billion yen following the 154.6...
View ArticleAustralia Private Sector Recovers In January
Australia private sector recovered in January driven by services business activity, survey results from IHS Markit showed Wednesday. The Commonwealth Bank of Australia composite output index rose to...
View ArticleAustralia Q4 Export Prices Slide 5.2% On Quarter
Export prices in Australia were down 5.2 percent on quarter but rose 4.1 percent on year in the fourth quarter of 2019, the Australian Bureau of Statistics said on Thursday. Main contributors to the...
View ArticleIMF Chief Christine Lagarde To Head ECB
European leaders agreed on Tuesday to nominate France’s Christine Lagarde as the new European Central Bank President to succeed Italy’s Mario Draghi. Lagarde, a lawyer who became France’s first woman...
View ArticleOil Prices Jump After Large Crude Inventory Draw
Oil prices rose sharply on Wednesday to hit their highest level in nearly a month, as U.S.-Iran tensions simmered and industry data showed a larger than anticipated drawdown in crude inventories....
View ArticleFrance Private Sector Growth At 7-Month High
France’s private sector grew at the fastest pace in seven months in June, flash survey data from IHS Markit showed Friday. The composite output index rose more-than-expected to 52.9 in June from 51.2...
View ArticleBrexit Uncertainty Taking A Toll On Business Confidence In Europe
Uncertainty surrounding the UK leaving the European Union has significantly hurt the business morale in Europe since November, and a clear divide between the East and the West has emerged in terms of...
View ArticleGerman Ifo Business Confidence At 3-year Low
Germany’s business confidence unexpectedly weakened in April to its lowest level in three years, survey data from the ifo Institute showed on Wednesday. The ifo business climate indicator dropped to...
View ArticleGerman Industrial Production Rebounds In February
Germany’s industrial production rose in February after stagnating at the start of the year, preliminary figures from the Federal Statistical Office showed on Friday. Industrial production grew a price,...
View ArticleGerman Private Sector Growth Weakest In Nearly 6 Years
Germany’s private sector grew at its slowest pace in nearly six years, led by a sharp decline in manufacturing, flash data from IHS Markit revealed on Friday. The composite output index fell to a...
View ArticleFrance Private Sector Activity At 2-Month Low
France private sector activity dropped to its lowest level in two months in March with both manufacturing and services falling, amid an intensified decline in new order and exports, survey data from...
View ArticleThe United States has become a net exporter for the first time in 75 years
According to the US Department of Energy, for the first time in 75 years, the country has acquired the status of net exporter of oil and oil products. Recall that a net exporter is called a state where...
View ArticleJapan Housing Starts Fall Unexpectedly In December
Japan’s housing starts declined for the sixth successive month in December, defying economists’ forecast for an increase, data from the Ministry of Land, Infrastructure, Transport and Tourism showed...
View ArticleMalaysia CB Unlikely To Hike Rates Until 2019
With growth set to slow, inflation benign and the currency continuing to strengthen, Malaysia’s central bank is likely to leave its rates unchanged for the rest of this year and next, Alex Holmes and...
View ArticleRipple Jumps On News Of MoneyGram Tie-up
US money transfer giant MoneyGram struck a deal with the blockchain-based payment settlement company Ripple to pilot the latter’s native currency XRP in MoneyGram payment flows. The price of XRP,...
View ArticleDriving cutting-edge connectivity for the global finance industry
For the past two years Azul Systems, the award-winning leader in Java runtime solutions, and PrimeXM, the award-winning connectivity provider, have been collaborating to further facilitate the low...
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