Kremlin: OPEC+ important to global energy market stability
MOSCOW (Reuters) – OPEC+, the group of leading oil-producing countries, is important for providing stability on global energy markets, Kremlin…
Business
Volvo Cars sales up 31% in May as it recovers from past years
HELSINKI (Reuters) – Sweden-based Volvo Cars on Monday posted a 31% rise in sales in May compared with a year…
Eurozone investor mood darkens due to ‘problem child’ Germany, survey finds
BERLIN (Reuters) – Investors got more gloomy on prospects for the euro zone economy in June, dragged down by negative…
Euro zone business growth slowed in May as factories struggled-PMI
LONDON (Reuters) – Euro zone business activity was shored up last month by the bloc’s dominant services industry offsetting a…
German engineering orders back to double-digit drop in April – VDMA
BERLIN (Reuters) – German engineering companies’ order books fell significantly in April, reversing the “small ray of hope” seen in…
Foxconn’s May sales drop 9.5% y/y on smartphone weakness
TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple Inc, said on…
Analysis-Smaller UK firms attractive targets for PE buyouts
By Shristi Achar A and Johann M Cherian (Reuters) – Even as higher costs of borrowing continue to choke dealmaking,…
UBS to retain more than 100 Credit Suisse bankers in Asia -source
By Mrinmay Dey and Scott Murdoch (Reuters) -UBS Group AG is looking to retain more than 100 Credit Suisse Group…
Biden signs debt limit bill, avoiding U.S. default
By Trevor Hunnicutt WASHINGTON (Reuters) -President Joe Biden on Saturday signed a bill that suspends the U.S. government’s $31.4 trillion…
China’s services activity picks up in May on improved demand- Caixin PMI
BEIJING (Reuters) – China’s services activity picked up in May, a private-sector survey showed on Monday, as a rise in…