Thanks to various government policies to stabilize infrastructure investment and spur auto consumption, the auto manufacturing industry's profits increased 6.6 percent, a pace 3.6 percentage points faster than that in the January-September period, Zhu said. … [Read more...] about Economic Watch: China’s industrial profits accelerate amid recovery
Who economic recovery
BRUSSELS, Nov. 27 (Xinhua) -- After roughly one-month at sea, the vessel carrying the first batch of made-in-China Tesla Model 3 heading to Europe has arrived at Zeebrugge port in Belgium on Thursday evening, according to the Automatic Identification System (AIS) data of the vessel. … [Read more...] about First batch of China-made Tesla sedans arrives at Belgium’s Zeebrugge port
Pharmaceutical companies Pfizer, Moderna and AstraZeneca have all recently reported positive coronavirus vaccine results showing upwards of 90% efficacy from large-scale human trials. Pfizer filed for emergency use authorization with the Food and Drug Administration on Friday. … [Read more...] about Dow Jones Stock Market Index Hits All-Time High, Surpasses 30,000
According to rating agency ICRA, the spikes in production seen in various sectors in the month of October are an exaggeration of the true recovery on the ground, as those have been driven by a large component of pent-up demand that may not sustain after the festive period is over. … [Read more...] about India Q2 GDP: Are signs of revival real and what do latest numbers mean for FY21?
“Meanwhile, imports have been hurt by a shipping capacity shortage. This month, it’s also possible that import activity was impacted by some domestic disruptions, with reports of lengthy delays in unloading at Ports of Auckland,” Keall said in a commentary … [Read more...] about New Zealand posts ‘mammoth’ annual trade surplus, biggest since the 1990s
State-run NTPC on November 27 raised Rs 2,000 crore issuing 91-day commercial paper offering a yield of 2.97 percent, surprising the markets. A clutch of other companies, too, raised less than Rs1,000 crore each, offering 3-3.6 percent in the last two days. … [Read more...] about Explained | Why are short-term rates crashing?