China's June Factory Activity Expands At Fastest Pace In 13 Months - Caixin PMI

China’s June Factory Activity Expands At Fastest Pace In 13 Months – Caixin PMI

BEIJING (Reuters) – China’s manufacturing activity expanded at its fastest in 13 months in June, buoyed by a strong rebound in output, as the lifting of COVID lockdowns sent factories racing to meet recovering demand, a private sector poll showed on Friday. The Caixin/Markit manufacturing purchasing managers’ index (PMI) rose to 51.7 in June, also…

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Crypto Lender Celsius Says It Is Exploring Options

Crypto Lender Celsius Says It Is Exploring Options

(Reuters) -Retail crypto lending platform Celsius Network said on Thursday it was exploring options including deals and restructuring its liabilities. Celsius earlier this month froze https://bit.ly/3bHo3Cf withdrawals and transfers, citing “extreme” market conditions, leaving its 1.7 million customers unable to redeem their assets. The Hoboken, New Jersey, company hired restructuring consultants from advisory firm Alvarez…

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