China’s June factory activity slows as conditions weaken – Caixin PMI

BEIJING (Reuters) – China’s factory activity growth slowed in June, a private sector survey showed on Monday, with sentiment waning and recruitment cooling as firms grew increasingly concerned about sluggish market conditions. The Caixin/S&P Global manufacturing purchasing managers’ index (PMI) eased to 50.5 in June from 50.9 in May, indicating a marginal expansion in activity….

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Russia’s Medvedev says standoff with West to last decades, Ukraine conflict ‘permanent’

By Andrew Osborn LONDON (Reuters) – Dmitry Medvedev, Russia’s former president, has warned that Moscow’s confrontation with the West will last decades and that its conflict with Ukraine could become permanent. Medvedev, once seen in the West as a liberal moderniser, has emerged as one of Russia’s most outspoken hawks since Moscow launched what it…

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Australia’s BNPL firm Zip to streamline cost and operations – official

(Corrects attribution in paragraph 5 to Zip’s ANZ CEO from Director for investor relations) (Reuters) -Australian buy-now-pay-later firm Zip Co is further streamlining its operations and cost base following a recent review, a company official told Reuters on Monday. The move comes as sector grapples with increased regulatory scrutiny and falling valuations amid reduced customer…

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Treasury’s Yellen to visit China this week to expand communications

By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will travel to Beijing from July 6-9 for meetings with senior Chinese officials on a broad range of issues, including U.S. concerns about a new Chinese counterespionage law, a senior Treasury official said on Sunday. Yellen’s long-anticipated trip is part of a push by…

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