94% of EU companies in Jiangsu confident of investment

Over 50 representatives from the Jiangsu Department of Commerce, European Union Chamber of Commerce in China and China office of international organizations held a face-to-face meeting on August 26 over the province’s foreign investment policy […]

US Dollar Losses Unlikely to Persist Longer-Term

U.S. dollar losses, driven by investors pricing risk premium out of foreign currency exchanges, are unlikely to persist given the high levels of global economic uncertainty, says Bank of America. “A persistently wide U.S. growth […]

Sterling Is Little Changed Despite UK 2Q GDP Slump

The pound trades steady against the U.S. dollar and the euro despite official data showing the U.K. economy has fallen into its deepest recession on record. The U.K. gross domestic product shrank by 20.4% quarter […]

Eurozone Inflation Edges Up in July

By Xavier Fontdegloria Consumer price inflation ticked up in the eurozone in July as energy prices rose, offsetting decreases in food prices. The European Union’s statistics agency Eurostat said Friday that the first estimate of […]

Eurozone Economy Registers Largest Contraction on Record

By Maria Martinez The eurozone economy shrank at the fastest pace ever recorded during the second quarter, as lockdowns imposed to limit the coronavirus brought much business activity to a standstill. Across the 19 countries […]