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Author Archives: Top News Editor

China’s Service Sector Contracts Amid Covid-19 Pandemic

China’s services activity contracted in March as the sector continued to face challenging conditions due to the ongoing impact of the coronavirus, or covid-19 outbreak, survey data from IHS Markit showed Friday. The Caixin services Purchasing Managers’ Index rose to ...

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U.S. Initial Jobless Claims Spike To New Record High

After reporting a substantial increase in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing another spike in jobless claims in the week ended March 28th. Read Full Story

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Dollar Gains Against Peers

The U.S. dollar stayed firm against most of its peers on Wednesday amid fears of an imminent deep recession due to the impact of the rapidly spreading coronavirus pandemic. Read Full Story

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