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Germany’s Manufacturers Order Backlog Falls in June

August 19, 2024 Web Desk 0

Germany’s manufacturers order backlog fell for the sixth month in a row in June, in another sign of the sluggish state of Europe’s largest economy.

According to the German Federal Statistical Office, German manufacturers saw a 0.2 percent decrease in…

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European Shares Flat After Best Week in Three Months

August 19, 2024 Web Desk 0

European shares opened flat on Monday, following their best weekly jump in three months, as investors prepared for another data-heavy week, with focus on US Federal Reserve Chair Jerome Powell’s speech at Jackson Hole for interest rate cut clues.

The…

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Oman’s Public Revenues Down 2% in Q2 2024

August 19, 2024 Web Desk 0

Public revenues in the Sultanate of Oman decreased by 2 percent year-on-year during the second quarter of 2024, reaching about OR 6 billion and 197 million, compared to OR 6 billion and 342 million in the same period of 2023.

Data issued by the Omani…

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Malaysia’s Economy to Grow by Over 5% in Q2

August 19, 2024 Web Desk 0

Several financial institutions have raised their expectations for Malaysia’s economic growth this year to more than 5 percent after it recovered in the first half of the year, with some institutions’ expectations exceeding government expectations.

Th…

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S. Korea’s Exports Surge 13% Over Last Decade

August 19, 2024 Web Desk 0

The volume of South Korean exports increased by 13% over the past decade.

A report by the Federation of Korean Industries said that the value of exports grew from $559.6 billion in 2013 to $632.2 billion in 2023.

The data also indicated that South K…

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Japanese Stocks Fall as Yen Strengthens

August 19, 2024 Web Desk 0

Japanese stocks fell at the end of the first trading session of the week, with mining, export and retail companies underperforming as the yen appreciated against the dollar, and after official data indicated weak capital spending for domestic companie…