Chinese industrial profits rose at the fastest pace in two years, as the sector’s monthly profits rose 8.1% in July. The annual profits of Chinese industrial companies grew by 19.6% to exceed $ 85 billion. This data is an additional indication of the recovery of the second-largest economy in the …

Oil prices stabilized Thursday (August 27th) as a massive hurricane in the Gulf of Mexico affecting US oil industry, forcing oil drilling rigs and refineries to stop production. Brent crude futures for October delivery, which expire on Friday, rose 13 cents, or 0.3%, to $ 45.77 a barrel, after falling …

The British pound rallied on Tuesday as the US dollar weakened and investors ignored an unexpected drop in monthly retail sales data in Britain. The dollar fell after investors returned to riskier currencies while a successful phone call between the United States’ top trade officials and China sparked a positive …

The dollar and euro were cautious in trading on Wednesday, August 26th, with dealers reluctance to make risky bets ahead of an important speech by US Federal Reserve Chairman Jerome Powell. In light of growing expectations that Powell will unveil a more tolerant policy towards inflation at the annual Jackson …

Oil rose today, Wednesday, to about $ 46 a barrel, near the highest level since March, with the support of American producers stopping most of the offshore production from the Gulf of Mexico before Hurricane Laura and a report showing a decline in US crude stocks. But the gains were …

French Labor Ministry data showed that the number of unemployed in the country fell by 174.3 thousand in July after a record low in June. The ministry added that the number registered with government employment offices as unemployed reached 4.046 million in July. Last month, France recorded the largest monthly …

New orders for US-made capital goods slowed in July, indicating that the recovery in investment activities could gradually become more gradual over the course of the COVID-19 pandemic even as the industry’s recovery appears to be gaining momentum. The US Commerce Department said non-defense capital goods orders except aircraft, which …

Peter Kazimir, a member of the European Central Bank’s governing council, said the eurozone economy is growing according to the path the European Central Bank expected in June, so policy makers still have room to wait for hard, more detailed data. Initially, it seemed that the Eurozone economy was recovering …

Gold prices settled on Wednesday, as concerns about the global economic outlook eased pressure from the progress in us-china trade agreement negotiations between, while investors awaited a speech from US Federal Reserve Chairman Jerome Powell. The spot of gold at 1919.71 dollars an ounce, down by 0.44%, while metal futures …

In its latest Global Macro Outlook published on Tuesday, Moody’s Investors Service said India’s economic recovery will face a tough path amid adverse real economy and bank weakness. In its latest Global Macro Outlook published on Tuesday, Moody’s Investors Service said India’s economic recovery will face a tough path amid …