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Core machinery orders spike in Japan

Core machinery orders spike in Japan

Analysts estimated that the number of core machinery orders in Japan grew exponentially. The reading beat the preliminary forecasts even though economists had expected core machinery orders to plunge by 1.0%.Core machinery orders are one of the key indicators for the Japanese economy.
10:05 2020-10-19 UTC+00
US auction theorists win Nobel Prize in economics

US auction theorists win Nobel Prize in economics

The current year has been quite diverse in terms of events. Recently, the highly anticipated 2020 Nobel Prize award ceremony has taken place at the Stockholm Concert Hall. This year, two American economists, Paul R. Milgrom and Robert B. Wilson, won the Nobel in economic science for improvements to auction theory as well as inventions of new auction formats.
13:21 2020-10-16 UTC+00
Russia seeks effective ways to enhance energy supplies to Europe

Russia seeks effective ways to enhance energy supplies to Europe

The Institute of Europe of the Russian Academy of Sciences has found a simple and effective way to enhance energy supplies to Europe. Guided by the old saying which states that everything new is well-forgotten old, the scientists proposed expanding the Nord Stream project and building the pipelines to supply the region with hydrogen.
12:25 2020-10-16 UTC+00
OECD unemployment falls to 7.4%

OECD unemployment falls to 7.4%

According to the recent statistical data, in August 2020, the unemployment rate in the participating countries of the Organization for Economic Co-operation and Development (OECD) dropped to 7.4%. In July, the indicator was at the level of 8%. Nevertheless, analysts suppose that unemployment is still a burning issue.
08:58 2020-10-16 UTC+00
China’s Asian neighbors to benefit from its economic recovery

China’s Asian neighbors to benefit from its economic recovery

If Europe’s main economic growth engine is Germany, then in Asia it is undoubtedly China. Whether China wants it or not, the gradual recovery of its economy will also benefit its neighbors in the region.The neighboring Asian economies are expanding following China. Apparently, their growth will continue, since analysts assess the situation as favorable.
08:56 2020-10-16 UTC+00
US banking giants report plunge in profits

US banking giants report plunge in profits

Several giants of the US and global financial industry reported a plunge in third-quarter net income. Among the "lucky ones" were Citigroup and Wells Fargo, as well as such market leaders as JPMorgan Chase and Bank of America.That slump in earnings reflected the picture of how the coronavirus pandemic weighed on the US financial sector.
06:52 2020-10-16 UTC+00
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