The Swiss National Bank increased its first half profit to 43.5 billion Swiss francs, it reported on Friday, as buoyant stock markets boosted the value of the central bank's foreign currency investment pile. The SNB posted a profit of 44.5 billion francs from its foreign currency positions, helped by interest and dividend payments from the mountain of bonds and stocks it holds.
The Swiss National Bank increased its first half profit to 43.5 billion Swiss francs, it reported on Friday, as buoyant stock markets boosted the value of the central bank's foreign currency investment pile. The SNB posted a profit of 44.5 billion francs from its foreign currency positions, helped by interest and dividend payments from the mountain of bonds and stocks it holds.
North Korea's economy likely shrank the most in more than two decades last year, as pandemic lockdowns and continued U.N. sanctions weighed on its growth, South Korea's central bank said Friday. North Korea's gross domestic product is estimated to have contracted 4.5% in 2020-- the worst since 1997-- after expanding an estimated 0.4% in 2019, the Bank of Korea said in an annual report. North Korea doesn't announce its own official GDP data.
China's factory activity likely expanded slightly less quickly in July, a Reuters poll showed on Friday, as the industrial sector's impressive recovery slowed on high raw material prices, government policies, seasonal rainfalls and rising COVID cases.
North Korea's economy suffered its biggest contraction in 23 years in 2020 as it was battered by continued U.N. sanctions, COVID-19 lockdown measures and bad weather, South Korea's central bank said on Friday.
North Korea's economy suffered its biggest contraction in 23 years in 2020 as it was battered by continued U.N. sanctions, COVID-19 lockdown measures and bad weather, South Korea's central bank said on Friday.
The dollar languished near a one-month low on Friday and was poised for its worst weekly performance since May as dovish remarks by the U.S. Federal Reserve together with underwhelming economic data took the steam out of a month-long rally.
The dollar languished near a one-month low on Friday and was poised for its worst weekly performance since May as dovish remarks by the U.S. Federal Reserve together with underwhelming economic data took the steam out of a month-long rally.
* June output marks fastest rise since July 2020. * Job availability rises to highest level since May 2020. * Retail sales up 0.1% yr/yr in June vs f'cast +0.2% * New COVID curbs to sharply slow July-Sept growth - analysts. By Kaori Kaneko and Leika Kihara.
Japanese retail sales rose 0.1%
in June from a year earlier, slightly less than a median market
forecast for a 0.2% gain, government data showed on Friday.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
