The U.S. economy created jobs at a much slower than expected pace in September, a pessimistic sign about the state of the economy though the total was held back substantially by a sharp drop in government employment.
Automobile sales in China rose 12.8% in September from the same month a year earlier, marking the sixth consecutive month of gain, as the world’s biggest vehicle market comes off lows hit during the coronavirus lockdown.
China’s exports likely posted a fourth straight month of gains in September as more trading partners reopened their economies, a Reuters poll showed, while imports are also expected to have edged back into growth. Exports have not been as severely affected by the global slowdown as some analysts had feared, due in part to record shipments of medical supplies and robust demand for electronic products, adding to hopes for a sustained economic recovery.
Eurozone business growth ground to a halt this month as the service industry slammed into reverse, knocked by a resurgence in coronavirus cases that pushed governments to reintroduce restrictions and citizens to stay at home, a survey showed.
Japan and the US have agreed to target a broad deal on bilateral trade by September, seeking to bridge differences of opinion over tariffs on beef and the automobile sector, the Nikkei business daily reported on Sunday.
Japan’s Prime Minister Abe Shinzo is considering holding talks with Iranian President Hassan Rouhani when he visits New York in September to attend a UN General Assembly session, government sources said on Wednesday.
The number of newborns in South Korea fell again in September, government data showed on Wednesday, in the latest sign of the chronically low birthrate that has plagued Asia's fourth-largest economy for more than a decade.