In August, China sold 1.59 million vehicles, including sedans, SUVs, minivans and multirole vehicles. According to the Chinese Passenger Car Association, the figure for the year fell by 9.9%, which is due to the longest decline in the automotive indu... Read more
Fitch has made changes to its forecast for gross domestic product growth in China and the eurozone in 2019-2020. It now expects Chinese GDP to grow by 6.1% by the end of this year. And next year the growth of the indicator will slow to 5.7%. In June,... Read more
Reuters analysts expect U.S. oil production to remain high, but forecast a continued slowdown in 2020 due to lower oil prices. The U.S. Energy Information Administration EIA noted record levels of oil production in the country from April to June this... Read more
The world-famous payment system PayPal has made an official statement about its decision regarding Facebook's project to create a new cryptocurrency Libra. PayPal is leaving this project. The company said it now intends to focus on developing i... Read more
China's services sector in September noted a slowdown in business growth to its lowest level in seven months. Caixin Media and IHS Markit reported that the PMI in this segment of the Chinese economy fell to 51.3 points from 52.1 points a month... Read more