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Commodity Companies on Chinese Stock Market Under Pressure Due to Power Shortage
On the Chinese stock exchanges, commodities companies, in particular, had a hard time as many provinces in the country struggled with supplying power to factories and households.
Experts say power shortages are the next major…
Real Estate Group Evergrande Plummets on Hong Kong Stock Exchange
On the stock exchange in Hong Kong, the share of China Evergrande Group fell sharply again on Monday. Investors were shocked by the news that the faltering Chinese real estate developer wants to repay its creditors with discounted real…
Americans Think It’s an Unfavourable Time to Make Big Purchases
Americans consider it the worst time to make significant purchases in decades, according to new figures from the University of Michigan.
Consumer confidence in the United States rose slightly across the board at the beginning of…
Growth of Chinese Retail Sales and Industry has Weakened Considerably
The Chinese economy is suffering from the strict corona restrictions in the country. These clearly weighed on consumer spending last month. As a result, it was possible to travel less during the holiday period, and significantly less was…
Nikkei Closes Above 30,000 Points After Stronger Economic Growth
The Tokyo stock market continued to advance on Wednesday, closing above the 30,000-point mark for the first time since early April. The mood was supported by the stronger-than-expected growth of the Japanese economy in the second quarter.…
Automakers and Steel Companies Limit Nikkei Loss
The Tokyo stock exchange limited the loss on Wednesday thanks to strong price gains among the car manufacturers and steel companies. Investors continued to take it easy after the strong recovery in recent days.
Reports that Japan…
Ships Dock Again at Chinese Port Terminal Ningbo
Ships dock again at the previously shut down terminal of the port of Ningbo, China. This increases the optimism that one of the busiest ports in the world will be fully operational again in the foreseeable future.
One of the…
British Supermarket Chain Sainsbury’s Eye-Catcher on the London Stock Exchange
On Monday, Sainsbury's was a star on the London stock exchange due to takeover speculation surrounding the second-largest supermarket chain in the United Kingdom. The British supermarket sector has been in the spotlight of investors since…
Elon Musk Unveils Tesla Bot That Should Take Over Boring Work
Car manufacturer Tesla is expected to develop a humanoid robot that can take over various tasks that people don't feel like boring or even dangerous. That said Tesla CEO Elon Musk during the so-called AI event of the company.
A…
Consumer Prices in the Eurozone Rose in July
Consumer prices in the eurozone rose in July, mainly due to higher fuel prices. Food and tobacco products also became more expensive, as did certain services.
Due to the easing of the corona measures, the demand for services is…