Commercial vehicle sales in China increased to 520T in May, an increase of 48% compared to the same period the prior year, the China Association of Automobile Manufacturers reports.
The PBOC and the China Banking and Insurance Regulatory Commission gave a green light to the American Express to conduct payment card clearing operations.
The Chinese postal sector expanded 21.9% to $13.4B in May, compared to the same period in 2019, data published by the State Post Bureau show.
China government has supported a plan for the development of an East Asian digital currency linked to various Asian currencies.
Investor confidence lowers as the yield of 10-year US Treasury bonds slides to 0.7% from 0.9% in the first week of June.
As the pandemic-related plunge of oil price has caused investment shortage for its rivals, OPEC foresees a stronger position in the future.
Spain plans to unlock its borders to the EU Schengen area countries from June 21, excluding Portugal.
The Britain Finance Minister urged to take measures softening social distancing rules to assist economic recovery.
Germany introduces a plan to boost small and medium business training programs to prevent coronavirus-caused turbulences.
44M claimed jobless in the US during the past 3 months, however, the unemployment rate is expected to decrease to 6.5% by the end of 2020.
Based on the incoming data, the IMF plans to lower the 2020 global economic growth projections in the outlook to be released on June 24.
On Sunday, Australia's officials announced to lighten quarantine measures regarding public gatherings from July.
AT&T was discussing its Warner Bros. gaming division's sale in a deal, which could fetch about $4B, CNBC reported.
State investigators in Washington and California were examining Amazon's business practices over selling own products in the competition with third side vendors.
Britain's Cineworld Group stated that it abandoned $1.65B deal to buy Cineplex, citing what it termed the company's breaches in the merger agreement.
American Express joint venture got an approval from the Chinese Central Bank for network clearing license allowing to launch operations in China.
American Airlines announced on Friday that the company expects its cash burn to end by the end of the year.
On Friday, the University of Michigan published its consumer sentiment index, which had surged to 78.9 from 72.3 in May.
Volkswagen representatives stated on Friday that Volkswagen and Audi production in Mexico would remain closed.
The Mexican government revealed on Friday that 344,500 formal workplaces were lost in May.
The Pakistani government announced on Friday that it targets 2.1% GDP growth in 2020.
On Friday, EU officials announced that they wold ease the rules for receiving a bail out for smaller firms and start-ups.
On Friday, the Richmond Federal Reserve Bank President Thomas Barkin stated that fiscal support to the US economy would be required, if high unemployment persisted.
The head of the Federal Reserve Jerome Powell revealed on Friday that he would focus on a return to a strong labor market instead of the stock market.