A survey of Norway’s central bank (CB) has showed sharp decline in business activities and investment. Norwegian companies have sharply cut their investment plans because of the coronavirus outbreak and a subsequent decline in the price of crude oil, the country’s main export, a central bank business survey showed on Tuesday.
China’s new bank loans fell more than expected in July to their lowest in nine months while broad credit growth hit a 17-month low, adding to market expectations that modest policy easing may be needed to underpin the country’s economic recovery.
German business morale fell for the second month running in August, as supply bottlenecks and rising COVID-19 cases drove companies to take a dimmer view of the coming months in Europe’s largest economy, a survey showed on Wednesday.
Goldman Sachs Group Inc on Wednesday easily beat Wall Street expectations for first-quarter profit, as the US investment bank capitalized on record levels of global dealmaking activity and a coronavirus-driven boom in stock market trading.
Japan’s retail sales rose faster than expected in November, thanks to decreasing COVID-19 cases in the month, which have encouraged shoppers to ramp up spending on goods and services. To support the economy, Japan’s parliament last week passed a $317 billion
Toyota Motor warned “unprecedented” hikes in raw material costs could slice a fifth off full-year profit, a clear sign the world’s top automaker by sales can no longer shrug off the supply-chain crunch that has roiled the global industry. Also reporting
US economic growth, still racing at a potentially inflationary pace as other key parts of the world slow, could pose global risks if it forces Federal Reserve officials to raise interest rates higher than currently expected. The Fed’s aggressive rate increases last year had the potential to stress the
The International Monetary Fund (IMF) said on Thursday that first quarter global growth slightly outpaced projections in its April forecasts, but data since then has shown a mixed picture, with “pockets of resilience” alongside signs of slowing momentum.