According to a business poll released on Wednesday, Russia's services industry rose at its highest rate in more than a year in July, as strong domestic demand outpaced declining export orders for Russia's increasingly isolated industries.   The S&P Global Purchasing Managers' Index (PMI)...

The second quarter's $8.45 billion profit for BP was a 14-year record. The second quarter's $8.45 billion in earnings, the biggest in 14 years, were announced by BP. The company also increased its payout by 10% as a result of rising refining margins and energy prices. BP's earnings excluding...

According to data issued on Sunday by China's State Statistics Office, the country's business activity index (PMI) for the industrial sector dropped to 49 points in July. Compared to 50.2 in June, the indicator decreased by 1.2 percentage points. A PMI value above 50 points indicates an increase in...

A monthly survey released on Sunday revealed that British firms do not expect any growth in the next three months as rising living costs constrain consumer demand.   The Confederation of British Industry (CBI) said that members had above-average growth in the three months to the end of July,...

According to a poll released on Sunday, China's manufacturing activity fell sharply in July after rebounding from COVID-19 lockdowns the month before, as new viral outbreaks and a bleak global outlook weighed on demand.   The official manufacturing purchasing managers' Index (PMI) fell to...

According to the International Monetary Fund, global inflation will be 8.3 percent this year and 5.7 percent next year, respectively. In both instances, the projection was up 0.9% percentage points from the April data. Rising energy and food costs, as well as the ongoing supply and demand...

According to data from the Bureau of Economic Analysis of the Commerce Department, the U.S. economy shrank by 0.9 percent in the second quarter of 2018. Most analysts forecasted at least some increase, thus the figure was worse than expected. The statistic used by the U.S. illustrates how much the...

One of the biggest producers of food and beverages in the world, Nestle SA, said that its sales increased 9.1% year over year to 45.58 billion Swiss francs ($47.4 billion) in the first half of the year. According to the press release, organic sales increase was 8.1 percent. While this was...

According to White House economic adviser Brian Deese, the U.S. administration would not extend its six-month limit on commodity interventions in the oil market. U.S. authorities declared in late March that they would be releasing one million barrels a day for six months from the strategic reserve...