China’s fiscal condition healthy, but local govts see high debt risks – Xinhua
BEIJING (Reuters) – China’s fiscal status overall is sound and safe, but some local governments are facing high debt risks…
Business
Vietnam’s power blackouts hit multinationals’ manufacturing hubs
By Khanh Vu and Francesco Guarascio HANOI (Reuters) – Vietnam’s rolling power cuts have hit industrial parks in the country’s…
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…
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…