LONDON (Reuters) – Britain’s economy showed signs of a slowdown this month but inflation pressures stayed high, according to a survey published a day after the Bank of England raised interest rates sharply and said it was ready to do more to tame price growth. S&P Global’s Composite Purchasing Managers’ Index (PMI) – covering businesses…
BERLIN (Reuters) – German business activity slowed notably this month as growth in the services sector decelerated and a slump in manufacturing deepened, a preliminary survey showed on Friday. The HCOB German Flash Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, fell to 50.8 in June from 53.9 in May, below analysts’ expectations for…
BENGALURU (Reuters) – Boeing has announced a $100 million investment in infrastructure and programs to train pilots in India, according to a White House statement released on Thursday. This comes on the heels of Air India signing firm orders of over 200 jets earlier this week from Boeing, which include 20 787 Dreamliners, 10 777Xs,…
By William Schomberg LONDON (Reuters) -British retail sales unexpectedly rose in May, boosted by an extra bank holiday to mark the coronation of King Charles but also suggesting most consumers were coping with high inflation’s squeeze on their spending power. A day after the Bank of England escalated its battle against inflation by raising interest…
By Clark Mindock (Reuters) -3M Co has reached a $10.3 billion settlement with a host of U.S. public water systems to resolve water pollution claims tied to “forever chemicals,” the chemical company announced on Thursday. The company said the settlement would provide the funds over a 13-year period to cities, towns and other public water…
By Yoruk Bahceli (Reuters) – Savers across the euro zone are dashing for government debt to secure returns on their cash as banks struggle to keep up with surging interest rates. Leading the way is Italy, which sold a record 18.2 billion euro retail bond this month to increase domestic holdings of its debt. But…
A look at the day ahead in European and global markets from Tom Westbrook A red tide swept over Asia-session screens on Friday as markets took a hot Japanese inflation reading and the Bank of England’s super-sized rate hike as bad news for growth. Japan’s Nikkei looks set to snap a 10-week winning streak and…
By Nidhi Verma NEW DELHI (Reuters) – Indian state-run refiner BPCL is in talks with Rosneft to buy about 6 million metric tons (43.8 million barrels) of discounted Russian crude at a price based on the Dubai benchmark, according to three sources with direct knowledge of the matter. The deal would deepen India’s commitment to…
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – Japan’s core consumer inflation exceeded forecasts in May and an index excluding fuel costs rose at the fastest annual pace in 42 years, highlighting broadening price pressure that will keep the central bank under pressure to phase out its massive stimulus. The increase was driven by…
By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Trade Commission on Thursday argued in federal court for a preliminary injunction to temporarily block Microsoft’s acquisition of videogame maker Activision Blizzard. “If this deal is completed, the combined company … is likely to have the ability, an incentive, to harm competition in various markets related to…
