downturn

South Korean tech giant Samsunghas posted a $527 million operating profit for the second quarter of 2023. The profit from the latest quarter is slightly higher than last quarter's. Samsung’s memory business has helped the company to end the…

Euro zone business activity shrank much more than expected in July as demand in the bloc's dominant services industry declined while factory output fell at the fastest pace since COVID-19 first took hold, a survey showed.The decline was…

SEOUL : South Korea's factory activity shrank at a steeper pace in June and extended its downturn to a record 12th consecutive month, a survey showed on Monday, underlining the challenges facing the economy as it struggles to mount…

SEOUL : South Korea's export downturn slowed in June, with auto exports extending robust rises and semiconductors narrowing their decline, as the bellwether Asian economy posted its first trade surplus since early last year. Shipments…

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Britain's manufacturing downturn deepened last month as declines in output, new orders and employment accelerated, latest economic data suggests."Lacklustre" overseas demand for products made in the UK and a shift in spending…

All eyes will be on China when it releases its latest economic data on Tuesday.Many China watchers feel that the monthly data is likely to show China's economy doing a lot better than in reality. Industrial output and retail sales are…

Last Updated: May 10, 2023, 02:09 ISTThe Fed has embarked on a forceful campaign of rate hikes since March last year to rein in inflation. (Photo: Reuters)The comments by New York Fed President John Williams came a week after policymakers…

SEOUL : South Korea's factory activity shrank for a 10th consecutive month in April and for its longest streak in six years, a survey showed on Tuesday, underlining the weak global demand conditions that continue to undercut the…

Last Updated: April 21, 2023, 04:38 ISTThe tech-heavy Nasdaq Composite Index plunged 0.8 percent to 12,059.56. (Representative image) The Dow Jones Industrial Average closed 0.3 percent lower at 33,786.62, while the broad-based S&P 500…