BERLIN (Reuters) – A swift economic recovery for Germany appeared less likely on Friday as data showed a surprise fall in industrial production. Output fell by 0.2% in May compared with the previous month, the federal statistical office said. Analysts polled by Reuters had predicted that output would stagnate. Carsten Brzeski, chief economist at ING,…
(This July 4 story has been refiled to specify data on gallium is for primary gallium only in paragraph 12 and add Canadian gallium producer in paragraph 8) (Reuters) – China said on Monday it will impose export restrictions from Aug. 1 on some gallium and germanium products, metals used in computer chips and other…
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics Co Ltd reported a likely 96% plunge in second-quarter operating profit on Friday, largely in line with forecasts, as an ongoing chip glut drives large losses in the tech giant’s key business despite a supply cut. The world’s largest memory chip and smartphone maker estimated…
(Reuters) – China said on July 3 it would restrict exports of two metals used in semiconductors and electric vehicles, escalating a technology war with the United States and potentially causing more disruption to global supply chains. Following are responses from some companies to the announcement of curbs from Aug. 1 on Chinese gallium and…
PARIS (Reuters) – Record demand from India sharply increased Airbus orders in June to leave the European planemaker with 1,044 net orders in the first half of the year, data showed on Friday. In a bulletin, Airbus officially booked orders for 500 jets from budget carrier IndiGo and 250 from Air India that were announced…
(Reuters) -Bottler Coca-Cola HBC AG raised its 2023 profit expectation on Friday, aided by robust sales and price increases in the first half of the year. The company said it now expects organic operating profit growth of 9%-12% for the year end to December, up from its previous forecast of the top end of a…
By Leika Kihara TOKYO (Reuters) – The Bank of Japan may revise up this year’s inflation forecast but will likely hold off on tweaking its yield curve control (YCC) policy in July to await more evidence that wages will keep rising, its former top economist Seisaku Kameda told Reuters. The BOJ will release new quarterly…
By Devayani Sathyan BENGALURU (Reuters) – New Zealand’s central bank will likely keep interest rates unchanged at 5.50% on Wednesday and for the rest of the year, marking an end to its 20-month long hiking cycle which has already pushed the economy into recession, a Reuters poll found. One of the first movers in the…
By Joe Cash BEIJING (Reuters) – U.S. Treasury Secretary Janet Yellen met with China’s central bank governor Yi Gang and former economy tsar Liu He for informal talks on the global, U.S., and Chinese economies on Friday, according to a U.S. Treasury official Yellen comes to Beijing seeking to ease tensions between the world’s two…
A look at the day ahead in European and global markets from Tom Westbrook Bond markets are in a world of pain, with yields catapulted to decade highs across developed markets. The trigger is not immediately clear, selling having begun before private U.S. payrolls data landed on Thursday, but the momentum has stopped out those…
