Economics News Results

  • Mainland China reports three new coronavirus cases

    China on Saturday reported three new coronavirus cases in the mainland for July 3, compared with five cases a day earlier, the health authority said. Two of the new infections were imported cases, the National Health Commission said in a statement, while the capital Beijing reported one new case. China also reported four new asymptomatic patients, the same as a day earlier.

  • ECMOHO Announces First Quarter 2020 Unaudited Financial Results

    ECMOHO Limited (MOHO), a leading integrated solutions provider in the non-medical health and wellness market in China, today announced its unaudited financial results for the first quarter ended March 31, 2020. First Quarter 2020 Financial Highlights First Quarter 2020 Operational Highlights 1 Each ADS represents four Class A ordinary shares of the Company.

  • Airlines to drop UK quarantine legal challenge, lawyer tells court

    Three of Europe's biggest airlines are to end a legal challenge against the British government after it scrapped its quarantine rule for travellers coming from some of the most popular tourist destinations. A lawyer for British Airways, easyJet and Ryanair said that the airlines would end the judicial review of the policy, on the assumption that Britain publishes a list of exempted countries.

  • Baltic index posts 7th straight weekly gain on higher demand

    The Baltic Exchange's main sea freight index rose to register a seventh straight weekly gain on Friday, as demand gained steam across all vessel segments.

  • Singapore PMI Rose to 48.0 in June From 46.8 in May

    SINGAPORE--Singapore's manufacturing activity edged up slightly in June, owing to slower contractions in the key subindexes for new orders, new exports, factory output, employment and supplier deliveries. The purchasing managers' index rose 1.2 points to 48.0 in June from 46.8 in May, the Singapore Institute of Purchasing and Materials Management said Friday. However, the PMI remained below 50, indicating a contraction in manufacturing activity, for the fifth straight month.

  • Brazil PMIs show economic activity shrank in June for 4th straight month

    Economic activity in Brazil contracted significantly in June for a fourth month, a survey of purchasing managers' activity showed on Friday, as the COVID-19 crisis ensured Latin America's largest economy ended the second quarter on a weak footing.

  • Balance of risk now more favourable for euro economy - ECB's Knot

    The risk of a deeper economic euro zone recession than predicted in the European Central Bank's baseline scenario has diminished, ECB governing council member Klaas Knot said on Friday. "Recent data solidifies the confidence in our baseline scenario with a more favourable balance of risks," the Dutch central bank president said in a speech at a webinar hosted by Bloomberg.

  • FOREX-Dollar rises as risk appetite tempered by rising COVID-19 cases in U.S.

    * Graphic: World FX rates in 2019 * U.S. markets are closed for a public holiday today. By Elizabeth Howcroft. The dollar edged up on Friday and currency traders' risk appetite was boosted only slightly by better-than-expected jobs data in the United States, as surging coronavirus cases continued to taper market optimism.

  • French, Spanish Services Sectors Returned to Growth in June

    The services sectors in France and Spain returned to growth in June, while those of Germany and Italy saw much smaller declines in activity than in recent months, according to surveys of purchasing managers published Friday. The surveys suggest that the eurozone economy is in recovery, with most economists forecasting a jump in growth in the three months through September after lockdowns intended to contain the novel coronavirus led to an unprecedented contraction in the...

  • Historic slump among UK companies levels off in June -PMI

    The historic slump across British businesses levelled off last month as some of the economy reopened following an easing of the coronavirus lockdown, a business survey showed on Friday. The IHS Markit/CIPS UK Services Purchasing Managers' Index rose to 47.1 from 29.0 in May, slightly higher than a preliminary reading of 47.0 but still below the 50 threshold for growth.

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