Turkmenistan's GDP grew by 6.2% in the first half of the year
The economy of Turkmenistan in the first half of 2019 grew by 6.2% due to a stable fiscal and monetary policy. During this period, there was an increase in state budget revenues and investments. Speaking at a government meeting, Ggurbanguly ...
China's foreign exchange reserves exceeded forecasts in June
China has the largest foreign exchange reserves in the world. According to the People’s Bank of China, in June their volume increased by $18.23 billion compared to May, reaching $3 trillion 119.23 billion. This is the highest figure since ...
The Fed is ready to lower rates to support the economy
Against the background of increased uncertainty regarding forecasts for the US and world economy, the Federal Reserve announced that, if necessary, it would be ready to move to lower interest rates. The Fed notes a slowdown in US GDP growth ...
The number of jobs in the US exceeded forecasts in June
In June, the growth in the number of jobs in the United States exceeded market forecasts. As shown by the data of the country's Ministry of Commerce, 224,000 more jobs, compared to April, were created in the American economy. According to economists, ...
The Chinese analog of Nasdaq will start working on July 22
The launch of the Chinese stock exchange for technology companies is scheduled for July 22 this year. The exchange will work by analogy with the American Nasdaq. The Chinese authorities hope that its launch will contribute to the fact that ...
Experts predict a further increase in the cost of palladium
Since the beginning of 2019, palladium has risen in price by 30%. In January, its price reached the highest level among all precious metals for the first time since 2002, surpassing the price of gold. In June, its price increased by 16% and ...
Retail sales in the euro area declined in May
According to Eurostat, in May, retail sales in the euro area dropped by 0.3% after their decline by 0.1% in April. For economists, this was a surprise, since their forecast suggested a growth rate of 0.3%. Compared to the same month last year, ...
Retail sales in Australia rose by 0.1% in May
Australian retail sales rose 0.1% in May after rising 0.1% in April, the Australian Bureau of Statistics reported. Experts had expected a monthly increase of 0.2%. Based on weak retail sales growth in May, Marseil Tieliant, an economist at ...
Service activity in the UK declined in June
Research company IHS Markit reported a decrease in the index of business activity in the UK services sector in June to 50.2 points from the May value of 51 points. Over the past three months, the June value of the index was the lowest. Economists ...
Tesla shipments rose by more than 50% in the second quarter
In the second quarter, supplies of Tesla electric vehicles reached a record level of 95.2 thousand cars. The figure jumped 51.1% from the first quarter, exceeding the economists' estimate of 91 thousand cars. The quarterly sales figure includes ...
Australian Central Bank lowered the rate to a record low of 1%
At the end of the July meeting, the Reserve Bank of Australia lowered its key interest rate to a record low of 1%. A month earlier, the Australian regulator decided to lower the rate for the first time in 3 years. Then it was reduced by 0.25 ...
Producer prices in the euro area fell in May by 0.1%
Producer prices in the euro area fell in May by 0.1% compared to April, when they decreased by 0.3%, Eurostat reported. Compared with May of last year, the figure increased by 1.6%. Energy sector companies reduced prices by 0.6% over the month. ...