Business News Asia
According to the US Department of Commerce, retail sales increased by only 0.3% in February compared to the previous month. The low increase in retail sales were influenced by a 3.7% decline in online sales. The Commerce Department revised January…
According to the International Energy Agency, China and Europe will lead in electric car sales in 2021. China sold 3.4 million electric cars in 2021, more than any other market. The Chinese government aims to increase the market share of…
CNBC news agency reported that Tesla’s electric car prices have skyrocketed in the United States and China after Tesla Inc Chief Executive Elon Musk warned of inflationary pressures on businesses. Tesla has raised prices on all of its vehicles in…
According to the U.S. Department of Labor, the Producer Price Index (PPI) rose 0.8% MoM in February from the previous month, following a 1.2% increase in January. On a year-on-year basis, the PPI rose by 10% in February, after also…
The war in Ukraine continues after Russian troops invaded, even though Russian President Putin says talks between the two sides are pointing in a positive direction. Meanwhile, the West, led by the United States, has imposed tough sanctions on Russia:…
The University of Michigan survey showed that the consumer sentiment index fell to 59.7 in March, down from 62.8 in February. Analysts had previously forecast a sentiment index of 61.4 for March. Sentiment data were weighed down by increasing inflation…
Following the U.S. ban on imports of Russian oil, gas, and coal, all eyes are on Europe and whether Europe, which is heavily dependent on energy products, will follow the U.S. example. The question is not so much whether one…
Gold futures closed higher on Thursday (March 10), with gold prices climbing back above $2,000 amid concerns about the ongoing war in Ukraine and inflation in the United States. The gold contract was up $12.2, or 0.61%, at $2,000.4 per…
According to the U.S. Department of Labor, the consumer price index (CPI) rose 7.9% in February from a year earlier. This is the highest level since January 1982. The consumer price index rose by 0.8% in February compared with the…
The Job Openings and Labor Turnover Survey (JOLTS) released by the U.S. Department of Labor shows that the number of job openings fell by 185,000 this month to 11.263 million. The Labor Department revised the number of job openings in…
