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Finance & Economy

US economic recovery expected to take 2 years

US gross domestic product (GDP) will not reach its pre-pandemic levels until well into 2022 following a sharp contraction this year, economists with major US banks said.

Monday, June 1, 2020

MIIT: operation of steel industry in the first quarter of 2020

The steel industry was affected by the virus in the first quarter of 2020.

Thursday, April 23, 2020

Economic pickup in sight after pandemic shock

China's foreign trade continued to fall in March, but the momentum of decline has greatly eased, indicating that the world's second-largest economy is gradually recovering from the fallout of the COVID-19 pandemic.

Friday, April 17, 2020

Imports of essentials grow amid epidemic

China's imports of bulk commodities including iron ore, crude oil and coal, as well as essential agricultural products.

Friday, April 17, 2020

US Dow soars over 11% in best day since 1933

The Dow Jones Industrial Average surged to its best day since 1933 as Congress and the White House neared a deal on Tuesday to inject nearly $2 trillion of aid into an economy ravaged by the coronavirus.

Thursday, March 26, 2020

US Federal Reserve Cuts Rates to Zero as Coronavirus Spreads

US Federal Reserve announced that it is dropping its benchmark interest rate to zero and launching a new round of quantitative easing entailing USD 700 billion worth of asset purchases of Treasurys and mortgage-backed securities.

Tuesday, March 17, 2020

Dow has biggest daily jump since 2009

[Ferro-Alloys.com] Stocks roared back to life on Wall Street Monday, recouping some of their losses from last week's market meltdown.

Tuesday, March 3, 2020

Balance key in outbreak fight, boost for business

China's policymakers will strike a balance between containing the novel coronavirus pneumonia outbreak and facilitating the resumption of regular business activities as a prolonged economic standstill could trigger greater risks, economists said.

Wednesday, February 19, 2020
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