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NEW YORK, United States (AFP) — Oil prices tumbled Monday following surprisingly weak China manufacturing data, while global stocks were mixed ahead of key jobs data, earnings and central bank announcements. China’s closely-watched Purchasing Managers’ Index of manufacturing activity shrank in July as the result of weak demand and the strict zero-Covid measures imposed in parts of the country. The index, a key gauge of manufacturing activity in the world’s second-biggest economy, came in at […]
by John Biers Agence France-Presse NEW YORK, United States (AFP) — A strong forecast from retail behemoth Wal-Mart propelled the Dow to a fresh record Tuesday, while the Catalan political crisis in Spain weighed on European equity markets. Wal-Mart Stores surged 4.5 percent after projecting fiscal 2019 sales would rise at or above three percent following a deeper push into e-commerce. The retail giant also announced a $20-billion share repurchase program. Wal-Mart’s gain helped lift the Dow […]
PARIS, France (AFP) — Terrorism and epidemics now and again make a dent in tourism numbers, but the sector usually quickly rebounds and it now employs hundreds of millions and accounts for a tenth of global output. Here are five key points about the sector, which grew 4.4 percent last year to nearly 1.2 billion people taking a trip outside of their country: – Europe (including Russia) remains the most visited region with 609 million […]
