Technicians at an electronics component factory in Ciudad Juarez, Mexico. File/Reuters
China’s factory activity contracted unexpectedly in July after bouncing back from COVID-19 lockdowns the month before, as fresh virus flare-ups and a darkening global outlook
China’s factory activity expanded at a slightly faster pace in August, fuelled by rising infrastructure spending and improving global demand, a Reuters survey showed on Friday, as the Chinese economy continues to recover from the coronavirus crisis.
Annual profits at China’s industrial firms surged in the first two months of 2021, highlighting a rebound in the country’s manufacturing sector and a broad revival in economic activity from the coronavirus crisis early last year.
China’s factory activity grew at a slightly slower rate in February as factories closed for the Lunar New Year holiday, a Reuters poll showed, although growth is expected to remain firm, buoyed by an early resumption of production.
The Ajman Department of Finance has achieved two distinguished ISO certifications: the Integrated Management System Specification PAS99:2012
Standard Chartered on Friday rewarded shareholders with dividends and a fresh $1 billion buyback as profit rose 18 per cent, but set out underwhelming growth forecasts
Pakistan plans to seek a new loan of at least $6 billion from the International Monetary Fund to help the incoming government repay billions in debt due this year, citing a Pakistani official.