Italy’s manufacturing sector contracts sharply in April – PMI
ROME (Reuters) – Italy’s manufacturing sector shrank in April, ending three months of growth, as production and new orders fell…
May 2, 2023
German makers of Leopard 2 tank settle legal dispute
DUESSELDORF (Reuters) – German arms makers Rheinmetall and Krauss-Maffei Wegmann have settled a legal dispute over the intellectual property rights…
German manufacturing contracts in April but output ticks up -PMI
BERLIN (Reuters) – Germany’s manufacturing sector contracted at the fastest rate in almost three years in April, although firms increased…
French manufacturing contracts further in April – final PMI
PARIS (Reuters) – France’s manufacturing sector contracted further in April as new orders fell and the impact of protests against…
Factbox-Lawsuits lodged over state-backed Credit Suisse takeover
(Reuters) -Hundreds of lawsuits have been filed over the terms of an emergency deal to save Swiss lender Credit Suisse…
U.S. banking woes a major factor behind Bank of Korea rate freeze
SEOUL (Reuters) – Most of the South Korean central bank’s board members cited concerns about the U.S. banking sector’s health…
BP Profit Rises To $5 Billion As Share Buyback Slows
By Ron Bousso and Shadia Nasralla LONDON (Reuters) -BP made a $5 billion profit in the first quarter of 2023,…
Australia central bank stuns with 25-bps hike, warns more might be needed
By Stella Qiu SYDNEY (Reuters) -Australia’s central bank on Tuesday stunned markets by raising its cash rate 25 basis points…
Turkish factory activity growth gathers pace in April -PMI
ISTANBUL (Reuters) – Growth in new orders and output helped Turkish factory activity expand at a faster pace in April,…
Analysis-Japan’s automakers have a made-in-China sales crisis
By Daniel Leussink TOKYO (Reuters) – Japan’s automakers are facing a sales crisis in China, data shows, as a rapid…