A look at the day ahead in European and global markets from Sonali Desai With the U.S. debt ceiling bill clearing an important procedural hurdle en route to a vote in the House of Representatives on Wednesday, markets are back in data-watching mode for now. Unfortunately, there’s little respite on that front given disappointing economic…
BANGKOK (Reuters) – Thailand’s manufacturing production index (MPI) in April contracted by a more-than-expected 8.14% from a year earlier, as exports slowed and production costs rose, the industry ministry said on Wednesday. The figure compared with a forecast in a Reuters poll for a fall of 2.15% in April, and came after March’s revised 3.86%…
TAIPEI (Reuters) – Apple Inc supplier Foxconn said on Wednesday artificial intelligence applications would strongly drive demand for its server business this year but reiterated 2023 overall would be a flat one for the company on global economic woes. Foxconn Chairman Liu Young-way told the company’s annual shareholders meeting the firm remained cautious about this…
By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s factory activity shrank faster than expected in May on weakening demand, heaping pressure on policymakers to shore up a patchy economic recovery and knocking Asian financial markets lower. The official manufacturing purchasing managers’ index (PMI) fell to a five-month low of 48.8, the National Bureau…
By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s factory activity shrank faster than expected in May on weakening demand, heaping pressure on policymakers to shore up a patchy economic recovery and knocking Asian financial markets lower. The official manufacturing purchasing managers’ index (PMI) fell to a five-month low of 48.8, the National Bureau…
By Stella Qiu SYDNEY (Reuters) -Australia’s central bank will do whatever it takes to bring inflation under control, its governor said on Wednesday, warning households to brace for the pain ahead while risks of higher inflation persisted. Data released on Wednesday showed consumer prices rising by much more than expected in April, prompting markets to…
(Note: Strong language in paragraph 10) By Alexandra Ulmer and Anna Tong (Reuters) – “I actually like Ron DeSantis a lot,” Hillary Clinton reveals in a surprise online endorsement video. “He’s just the kind of guy this country needs, and I really mean that.” Joe Biden finally lets the mask slip, unleashing a cruel rant…
(Reuters) -FedEx Corp has reached a tentative agreement with pilots of its air delivery unit who had voted in favor of a strike earlier this month seeking higher pay, the package delivery company said in a statement on Tuesday. The Air Line Pilots Association (ALPA) had voted “overwhelmingly” in favor of a strike if needed,…
By Lewis Jackson SYDNEY (Reuters) -The Reserve Bank of Australia will not sign any new contracts with PricewaterhouseCoopers (PwC) Australia until a scandal over the firm’s misuse of confidential government tax plans is sorted out, the central bank’s governor said on Wednesday. The “big four” firm is on the defense after a former Australian tax…
(Reuters) – Washington is encouraging Kyiv by publicly ignoring the drone attack that struck several districts of Moscow on Tuesday, Russia’s envoy to the United States said on Wednesday, after President Vladimir Putin blamed Ukraine for the strikes. The White House said it did not support attacks inside of Russia and that it was still…
