BEIJING (Reuters) -China’s factory activity extended declines in August as new COVID infections, the worst heatwaves in decades and an embattled property sector weighed on production, suggesting the economy will struggle to sustain momentum. The official manufacturing purchasing managers’ index (PMI) rose to 49.4 in August from 49.0 in July, the National Bureau of Statistics…
BEIJING (Reuters) – China’s factory activity extended declines in August as new COVID infections, the worst heatwaves in decades and an embattled property sector weighed on production, a survey showed on Wednesday. The official manufacturing purchasing managers’ Index (PMI) rose to 49.4 in August from 49.0 in July, the National Bureau of Statistics (NBS) said….
By Kevin Buckland TOKYO (Reuters) – Asian markets extended the global stocks selloff on Wednesday, as investor worries about aggressive monetary tightening were inflamed further by strong U.S. jobs data. The overnight JOLTS report on job openings – closely watched by the Federal Reserve – pointed to extremely tight labour conditions, defying the Fed’s tightening…
MEXICO CITY (Reuters) -A Mexican judge has declared local airline Interjet bankrupt, a document from judicial authorities showed on Tuesday, almost two years after the company stopped operating its low-cost flights around the Americas. The carrier now has 185 days to reach an agreement with creditors, during which Interjet’s payments are suspended, according to the…
OMAHA, Neb. (AP) — The auction of a high-tech portrait of Warren Buffett didn’t come close to matching the $19 million someone paid earlier this year for a private lunch with the billionaire, but it still raised $75,100 for one of his favorite charities. The eBay auction wrapped up Tuesday evening on Buffett’s 92nd birthday….
By Christoph Steitz and Nina Chestney FRANKFURT/LONDON (Reuters) – Russia will halt gas supplies via a major pipeline to Europe on Wednesday intensifying an economic battle between Moscow and Brussels and raising the prospects of recession and energy rationing in some of the region’s richest countries. The maintenance on Nord Stream 1 means that no…
(Reuters) -Snap Inc said on Tuesday its two senior advertising executives have exited the company, hours after a report disclosed the Snapchat parent was planning to cut about 20% of its workforce. The executives Jeremi Gorman, chief business officer, and Peter Naylor, vice president of ad sales for the Americas, will join Netflix Inc, the…
NEW YORK (Reuters) -Goldman Sachs Group Inc will lift pandemic-era protocols at its offices effective Sept. 6, according to an internal memo reviewed by Reuters. The Wall Street investment bank had already called its employees back to the office full time in June last year, although it relaxed those requirements during periods when coronavirus cases…
By Ana Mano and Gabriel Araujo SAO PAULO (Reuters) – Brazilian food processor BRF SA said on Tuesday that chief executive Lorival Luz has resigned and will be replaced by Miguel Gularte, a top executive at beef-packer Marfrig Global Foods SA. Shares in the poultry and pork processor were around 6% higher in early trading…
By Mimosa Spencer and Elizabeth Pineau PARIS (Reuters) -Russia’s Gazprom said on Tuesday it would fully suspend gas deliveries to major European utility Engie from Thursday in a dispute over contracts, a move which will deepen concerns about Europe’s winter energy supply. Europe is already on notice that Gazprom will shut off the Nord Stream…
