Articles by: Manuel Fajardomm

China reported better-than-expected figures on industrial production and retail sales

September 17, 2018 8:14 pmComments Off on China reported better-than-expected figures on industrial production and retail sales
China reported better-than-expected figures on industrial production and retail sales

China reported better-than-expected figures for industrial production and retail, although a key investment figure reached a new record low. It sheds light on the challenges faced by the Beijing authorities in their attempts to support the economy by fighting US duties. The new data confirm the consensus conclusions that the world’s second-largest economy is cooling down but is not yet under threat. The industrial production grew by 6.1% in August […]

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Japanese economy grew in Q2 2018 with the fastest pace since 2016

September 8, 2018 11:46 pmComments Off on Japanese economy grew in Q2 2018 with the fastest pace since 2016
Japanese economy grew in Q2 2018 with the fastest pace since 2016

The Japanese economy grew in Q2 2018 with the fastest pace since 2016 thanks to a faster increase in capital spending, even though global trade pressures and the natural disasters posed risks for performance. The revised data shows that the Japanese economy rose at an annual rate of 3% between April and June, outpacing analysts’ consensus forecast of 2.6% and significantly outpacing preliminary data from last month for growth of […]

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Nearly 2.3 million Venezuelans left the country due to lack of food and medicines

August 15, 2018 7:21 pmComments Off on Nearly 2.3 million Venezuelans left the country due to lack of food and medicines
Nearly 2.3 million Venezuelans left the country due to lack of food and medicines

Nearly 2.3 million Venezuelans have left the country, which is engulfed by political and humanitarian crisis, due to lack of food and medicines, according to the UN spokesman Stephane Dujarric. These Venezuelans have gone to other South American countries like Colombia, Ecuador, Peru and Brazil. “The main reason for their migration is the lack of food”, said Stephane Dujarric. “In addition, the lack of access to medicines and medical equipment […]

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Property investment in China rose by 10.2% in the first seven months of 2018

August 14, 2018 11:43 amComments Off on Property investment in China rose by 10.2% in the first seven months of 2018
Property investment in China rose by 10.2% in the first seven months of 2018

Property investment in China rose by 10.2% in the first seven months of 2018 compared to the same period last year, according to official data. By comparison, in the first six months of the year, the investment recorded a growth of 9.7%. The investment data mainly focuses on the residential sector but also includes commercial and office space. The sales of real estate, measured by total floor area, increased by […]

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Erdogan: The collapse of the lira is a conspiracy against Turkey

August 13, 2018 2:59 amComments Off on Erdogan: The collapse of the lira is a conspiracy against Turkey
Erdogan: The collapse of the lira is a conspiracy against Turkey

Turkish President Recep Tayyip Erdogan called the reduction in the value of the Turkish national currency, a “conspiracy” against Turkey, but said the Turkish people would not surrender. For a third consecutive day, Turkey’s leader has called on his compatriots to exchange the dollars and the euro they have to support the Turkish currency. In his statement, Erdogan also said that interest rates are a means of exploitation, making the […]

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