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The number of production orders in Germany plummeted in January

In Germany, the number of industrial orders fell sharply in January, which was mainly due to a decrease in external demand. According to the Federal Statistical Office, the seasonally adjusted January figure dropped by 2.6% compared to December, ...
11.03.2019

Oil prices fell based on data on the growth of US stocks

After the release of a report by the US Department of Energy on oil reserves in the country, a moderate decrease in oil prices was observed on Wednesday. Over the past week, oil reserves in the United States increased by 7 million 70 thousand ...
07.03.2019

Experts expect Tesla shares to fall below $100

Shares of Tesla by the end of the year may fall in price below $100, the head of the Kase Capital Management hedge fund, Whitney Tilson, said. In this opinion, his statements were strengthened by Tesla founder, Elon Musk, regarding plans to ...
07.03.2019

The US trade deficit peaked in December

The US external deficit in December 2018 amounted to 59 billion 800 million dollars, an increase of 9.5 billion dollars compared with November and having reached its maximum since October 2008, the Department of Commerce reported. According ...
07.03.2019

Bank of Canada left interest rate unchanged

The Bank of Canada, following the results of the meeting on Wednesday, decided to keep the interest rate unchanged at the level of 1.75%. The overnight rate target is kept at 1%. The regulator said that core inflation in the country remains ...
07.03.2019

World sales of semiconductors fell in January for the first time in 2.5 years

The Semiconductor Industry Association reported the first fall in global semiconductor sales since July 2016. The volume of their sales in January fell by 5.7% compared to the same month a year earlier, reaching $35 billion 470 million. The ...
07.03.2019

OECD lowers global growth forecast for 2019

The Organization for Economic Cooperation and Development reported a change in the forecast for global economic growth in 2019 to 3.3% from a previously predicted rise of 3.5%. The new forecast indicates a significant slowdown in growth compared ...
07.03.2019

Chinese energy giant PetroChina plans to increase capacity for the production of chemical products

Chinese oil and gas company PetroChina plans to increase the capacity for the production of chemical products of its Liaoyang Petrochemical plant, which mainly processes Russian oil. According to Reuters, this was announced by plant's director, ...
07.03.2019

The growth of Chinese economy may slow to 2% in the next decade

The annual Capital Economics conference was held in Singapore, during which the issue of slowing growth in China’s economy was discussed. Its participants noted a change in the demographic situation in the country. Among the existing problems, ...
07.03.2019

Sinopec plans to conclude a 20-year agreement with Cheniere on LNG supplies

The Chinese petrochemical corporation Sinopec expects a positive settlement of the trade dispute between the United States and China, which will allow it to conclude an agreement with American Cheniere Energy to supply liquefied natural gas ...
07.03.2019

Italy's GDP falls for the second quarter in a row

Italy's GDP declined in the fourth quarter by 0.1%, as well as in the third quarter, Istat's final data showed. These data pointed to a technical recession in the Italian economy. According to experts, in the fourth quarter, GDP was expected ...
06.03.2019

South Korean economy grew by 2.7% in 2018

The economy of South Korea, according to the final data of the Bank of Korea, grew in the fourth quarter at the fastest pace since the third quarter of 2017, having increased by 3.1% in annual terms. Compared with the previous quarter, its ...
06.03.2019

Business activity in the eurozone exceeded forecasts

In February, business activity in the eurozone increased to a maximum of 3 months. According to the IHS Markit, the composite PMI was 51.9 points, up from 51 points in January. The preliminary assessment of the index was at the level of 52.3 ...
06.03.2019

Business activity in the service sector of China grew in February at the slowest pace since October 2018

The service sector of China in February showed the lowest growth rate of business activity since October 2018. According to Markit/Caixin, the PMI index was 51.1 points against 53.6 points a month earlier. The main negative factor affecting ...
06.03.2019

Central Bank of Australia left the key rate unchanged

The Central Bank of Australia at its meeting on Tuesday decided to leave the key rate at 1.5%, finversia.ru writes. This decision has confirmed market forecasts. This was the thirtieth meeting when the Central Bank did not change the record ...
06.03.2019

The UK services sector grew at a moderate pace in February

In the UK services sector, moderate growth was observed in February. According to IHS Markit, the purchasing managers index rose to 51.3 points from 50.1 points a month earlier. The February index value is the lowest since the fourth quarter ...
06.03.2019

Business activity in the US service sector exceeded forecasts in February

The Institute for Supply Management reported the most significant growth in the US services sector since November 2018. In February, the corresponding index was 59.7 points, rising from 56.7 points in January. Its February value was significantly ...
06.03.2019

By 2025, at least 15 companies will release their models of private flying cars

Research by Frost & Sullivan showed that by 2025, at least 15 companies will release their models of private flying cars. Experts also believe that by 2050, the services of commercial transportation of passengers will be popular. Aircraft ...
06.03.2019

South Africa's economy grew by 1.4% in the fourth quarter, and by 0.88 % in annual terms

The South African economy showed an increase of 1.4% in the fourth quarter versus the third quarter, when there was a more significant increase - by 2.6%, official data showed. At the same time, the slowdown in economic growth turned out to ...
06.03.2019

IMF predicts 5.5% GDP growth in Uzbekistan in 2019

The International Monetary Fund estimates that Uzbekistan’s GDP will grow by 5.5% in 2019, its head, Albert Eger, said following the results of the work of the IMF mission in the country. Investments will provide the main support to economic ...
06.03.2019
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