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HONG KONG (Bloomberg): Asia’s uneven oil demand recovery has been headlined by China and India, but the Covid-19 comeback that’s swept through other key fuel-consuming nations is complicating a return to pre-pandemic levels.
LONDON: Euro zone business growth accelerated at its fastest pace in 15 years this month as the easing of more lockdown measures and the unleashing of pent-up demand drove a boom in the bloc's dominant services industry, a survey showed.
SYDNEY: Asian shares marked time on Thursday, with China nudging lower, while the U.S. dollar held below an 11-week high as investors reassessed U.S. Federal Reserve statements on inflation and looked to upcoming data for direction.
Asian stock markets declined Monday after Wall Street hit a new high as investors looked ahead to manufacturing indicators from Japan, China and South Korea.
TOKYO: Asia's factory activity saw momentum weaken in June as some countries struggled with rising input costs and the reintroduction of curbs to combat a new wave of coronavirus infections, surveys showed on Thursday.
HONG KONG (AFP): Asian markets mostly rose Friday (July 2), tracking another New York record, with recovery optimism and vaccine hope trumping worries over a spike in new virus infections, while oil prices extended gains after OPEC failed to reach a deal on lifting output.
Vietnam suffer plunge in factory activity on renewed Covid-19 curbs; Asia factories see momentum weaken on rising costs
Asia's factory activity saw momentum weaken in June as some countries struggled with rising input costs and the reintroduction of curbs to combat a new wave of coronavirus infections, official surveys has showed.
BEIJING: China's economy grew more slowly than expected in the second quarter, as slowing manufacturing activity, higher raw material costs and new COVID-19 outbreaks weighed on the recovery momentum.
BEIJING (Global Times): China's GDP expanded 7.9 per cent year-over-year in the second quarter of 2021, continuing a streak of robust growth mainly thanks to the government's successful containment of the Covid-19 outbreak throughout the country, which sets the basis for a steady revival of domestic consumption and manufacturing activity.
KUALA LUMPUR: Malaysia’s Gross Fixed Capital Formation (GFCF), the second largest component of gross domestic product (GDP) with 20.9 per cent share to the total economy, contracted 14.5 per cent to RM281.1 billion (constant prices) last year as compared to 2019, the Department of Statistics Malaysia (DOSM) said.