By Philip Pullella and Alvise Armellini VATICAN CITY (Reuters) -Italian Cardinal Matteo Zuppi, tasked by Pope Francis to carry out a peace mission to try to help end the war in Ukraine, headed to Kyiv on Monday for a two-day trip to sound out government authorities. The Vatican announced his visit, which many observers see…
BERLIN (Reuters) – Investors got more gloomy on prospects for the euro zone economy in June, dragged down by negative expectations for Germany, Europe’s biggest economy, a survey showed on Monday. Economic analysis company Sentix said its monthly survey on investor views on the 20-member euro zone, which gauges whether investors are positive or negative…
LONDON (Reuters) – Euro zone business activity was shored up last month by the bloc’s dominant services industry offsetting a deepening decline in the manufacturing sector, according to a survey which also showed overall price pressures had abated. HCOB’s final Composite Purchasing Managers’ Index (PMI), compiled by S&P Global and seen as a good gauge…
By Takaya Yamaguchi and Tetsushi Kajimoto TOKYO (Reuters) – Japan will not detail a time frame for balancing the primary budget in its mid-year economic policy for the second consecutive year, showed a draft seen by Reuters, underscoring Prime Minister Fumio Kishida’s focus on bolstering the economy. The plan comes amid speculation that Kishida could…
BERLIN (Reuters) – German engineering companies’ order books fell significantly in April, reversing the “small ray of hope” seen in the prior month’s figures, the VDMA engineering association said on Monday. April orders were 20% lower compared with the same month last year, with domestic orders down 15% and foreign orders down 23%, according to…
TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple Inc, said on Monday that revenue in May fell 9.5% year-on-year due to weakness in smart consumer electronics during the traditional low season. Foxconn, formally called Hon Hai Precision Industry Co Ltd, said revenue last month reached T$450.7…
By Shristi Achar A and Johann M Cherian (Reuters) – Even as higher costs of borrowing continue to choke dealmaking, fund managers and bankers believe smaller UK-listed firms remain attractive to private equity players flush with unspent funds of nearly a trillion dollars. Central banks have been battling high prices by hiking borrowing costs for…
(Reuters) – California’s attorney general is investigating whether the government of the state of Florida played any role in sending more than a dozen migrants to the California capital of Sacramento without advance notice. Representatives of Florida Governor Ron DeSantis did not immediately respond on Sunday to a request for comment. DeSantis last year arranged…
By Mrinmay Dey and Scott Murdoch (Reuters) -UBS Group AG is looking to retain more than 100 Credit Suisse Group AG investment bankers across Asia as part of a plan to shore up talent in markets where its rival has a stronger presence, a source with direct knowledge of the matter said. Switzerland’s biggest bank…
By Elizabeth Pineau, Gilles Guillaume and Michel Rose PARIS – For French President Emmanuel Macron, it was a light-bulb moment. In an ornate ballroom at the Palace of Versailles last July, the head of Taiwan’s ProLogium took out a pair of scissors and cut one of its solid-state batteries the size of a credit card…
