By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s service activity grew for a fourth month in April, a private-sector survey showed on Friday, as businesses benefitted from a return toward pre-pandemic levels of demand and output, although the momentum slowed. The Caixin/S&P Global services purchasing managers’ index (PMI) stood at 56.4 in April, above…
By Matt Spetalnick and David Brunnstrom WASHINGTON (Reuters) – Philippines President Ferdinand Marcos Jr said on Thursday his agreement this year to grant the United States access to more military bases in his country was not intended for use for “offensive action” against any country. Speaking to a U.S. think-tank in Washington, Marcos said he…
LA PAZ (Reuters) – Bolivia’s senate early on Friday morning gave final approval to a so-called “gold law” aimed at strengthening the country’s foreign currency reserves. The legislation, which was supported by the ruling party and allows the central bank to monetize its gold reserves, will now be sent to President Luis Arce to sign…
By Stephen Nellis (Reuters) – Apple Inc’s results beat expectations on Thursday, showing off the tech giant’s resilience in a slowing global economy thanks to better-than-expected iPhone sales and notable inroads in India and other newer markets. Shares of the largest U.S. company by market value rose 2% after Apple exceeded Wall Street’s expectations for…
By Julie Zhu, Scott Murdoch and Nupur Anand HONG KONG/SYDNEY/NEW YORK (Reuters) – Jamie Dimon, the chief executive of JPMorgan Chase & Co, travels to mainland China this month for the first time in four years, sources said, the latest in a series of visits by top foreign financial executives since the lifting of tough…
By Casey Hall and Mimosa Spencer SHANGHAI/PARIS (Reuters) – China’s five-day Labour Day holiday in early May was once a good excuse for a quick European jaunt – with a side of luxury shopping on the agenda. But with flights remaining limited after China’s border reopening in January, European luxury stores will need to wait…
By Kate Lamb and Ananda Teresia JAKARTA (Reuters) – Indonesia has for months been quietly engaging key stakeholders in Myanmar’s conflict, as well as neighbours India, Thailand and China in an effort to kick-start a peace process as violence intensifies, its foreign minister said on Friday. Retno Marsudi earlier told Reuters exclusively that Indonesia, as…
By Jesús Aguado MADRID (Reuters) -Spain’s Caixabank said on Friday its net profit rose 21% in the first quarter from the same period in 2022 thanks to a strong increase in lending income and a solid performance of its insurance business. The lender reported a net profit of 855 million euros ($943.83 million) in the…
(Reuters) – Japanese Prime Minister Fumio Kishida will be visiting South Korean President Yoon Suk Yeol on Sunday in the latest effort to improve bilateral ties. However, the trip will be overshadowed by historical issues and other disputes between the two countries – in some of which progress has been made, while others remain intractable….
A look at the day ahead in European and global markets from Vidya Ranganathan. The euro is digesting a widely anticipated hawkish quarter-point rate rise from the European Central Bank, and is off its one-year highs. While ECB President Christine Lagarde was clear more tightening will come, markets are paring back their expectations for further…
