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Business 01 Jan 2021 | 7:00 AM

China’s non-manufacturing sector PMI eases

BEIJING: The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 55.7 in December, down from 56.4 in November, according to the National Bureau of Statistics (NBS).

World 31 Dec 2020 | 3:58 AM

Gold up on weaker U.S. dollar

CHICAGO, Dec. 30 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Wednesday as the U.S. dollar weakened for the second day in a row.

World 17 Dec 2020 | 3:16 AM

Roundup: Market fundamentals don't support current oil prices

NEW YORK, Dec. 16 (Xinhua) -- The recent increase of crude oil futures prices to the highest level since early March was mostly driven by upbeat sentiment around COVID-19 vaccines but not market fundamentals, according to multiple research institutions and firms.

Business 17 Dec 2020 | 7:00 AM

Japan’s factory activity stable

TOKYO: Japan’s factory activity came within striking distance of stabilisation in December, a private-sector survey showed yesterday, even as a resurgence in coronavirus cases is taking a toll on economies globally, particularly in Europe.

Business 10 Dec 2020 | 7:00 AM

China’s economy set to remain on steady keel

BEIJING: China will maintain the consistency, stability and sustainability of its macro policies and strive to keep its economic performance within a reasonable range, premier Li Keqiang said on Tuesday.