MOSCOW (Reuters) – Russian manufacturing activity grew at its fastest rate in 3-1/2 years in September, driven by rises in production, new orders and client demand, a business survey showed on Monday, though Western sanctions continued to weigh on export business. The S&P Global Purchasing Managers’ Index (PMI) rose in September to 52.0 from 51.7…
Twitter wants a Delaware court to order Elon Musk to buy the social media service for $44 billion, as he promised back in April. But what if a judge makes that ruling and Musk balks? The Tesla billionaire’s reputation for dismissing government pronouncements has some worried that he might flout an unfavorable ruling of the…
(Reuters) – A tumultuous year for financial markets is entering the home straight, with Britain battling a self-inflicted crisis and markets pouring over U.S. jobs data to determine how much of an impact Fed hikes are having on the U.S. economy. Currencies plumbing multi-year lows in Australia and New Zealand are ramping up pressure on…
(Reuters) -French plant-based food company Bonduelle on Monday reported a drop in its full-year operating profit, citing the COVID-19 crisis, unfavourable weather conditions impacting crops, wage inflation, and supply chain disruptions. The war between Russia and Ukraine, once known as the breadbasket of Europe, has sent food and energy prices to record highs, while summer…
PARIS (Reuters) – French airport group ADP confirmed its Paris air traffic outlook for 2022 and 2023, driven by a recovery in the Asian market and by travelers realising planned trips which they had to cancel during the COVID-19 pandemic. “The group therefore remains confident and confirms its assumptions of traffic in Paris between 72%…
TOKYO (AP) — Asian shares rose Tuesday, encouraged by a rally in U.S. shares after some weak economic data raised hopes that the Federal Reserve might ease away from aggressive interest rate hikes. Japan’s benchmark Nikkei 225 added 2.3% in morning trading to 26,811.08. Australia’s S&P/ASX 200 surged 2.4% to 6,610.50. South Korea’s Kospi jumped…
A look at the day ahead in European and global markets from Anshuman Daga After a tumultuous quarter that saw global inflation and borrowing costs skyrocket and hammer risky assets, the first trading day of the fourth quarter is probably just what investors needed – a quiet session. Asian equities were mixed in early trade…
