Industry

Brazil Inflation Hits 21-yr Low Despite 2234% Rise in Car Production

In May 2020, Brazil’s annual inflation rate declined to 1.88%, from 2.4% in the prior month, but surpassed economists’ forecasts…

4 years ago

Japan Economy Contracts Less than Preliminary Estimate in Q1

Japanese economy contracted 0.6% q-o-q in the 1Q20, compared with an initial estimate of a 0.9% contraction and economists forecast…

4 years ago

US Dollar Rallies After Record Monthly Job Additions in May

The US dollar index increased to 97 Friday against a bouquet of currencies following the release of upbeat non-farm payroll…

4 years ago

Swiss Economy Contracts at Record Pace in March Quarter

The Swiss economy contracted 2.6% q-o-q in the first-quarter, the highest since 1980 when the publication of data began, and…

4 years ago

China Manufacturing Expands for 3rd Consecutive Month

China’s National Bureau of Statistics reported an increase in non-manufacturing PMI to 53.60 in May, from 53.20 in the earlier…

4 years ago

US Economy Records Steepest Contraction in 12 yrs

The US economy contracted by an annual rate of 4.8% in 1Q2020, halting the lengthiest time frame of growth in…

4 years ago

South African Rand Weakens to 18 Mark Against Greenback

The South African rand weakened above the 18 level against the greenback Friday as investors were worried that tensions between…

5 years ago

US Factory Activity Contracts for 3rd Successive Month while Turkey Delivers 9th Rate Cut

Turkish lira remained unchanged at 6.80 against the greenback yesterday, as the 50 basis points rate cut announced by the…

5 years ago

Crude Gains For Second Successive Week Despite 20.5mln Job Losses in US

Wall Street ended strongly in green Friday in spite of a new historical job loss of 20.50 million in April…

5 years ago

Japan Services PMI Records New Historical Low in April

The Japanese yen is losing ground against the greenback after the release of a series of poor PMI (Composite, services)…

5 years ago