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…
Business
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…
Japan’s Nikkei closes at 33-year high; firm Wall Street lifts appetite
TOKYO (Reuters) – Japan’s Nikkei share average closed at its highest in 33 years on Monday as gains on Wall…
China’s May imports to fall again, exports slip into red
By Joe Cash BEIJING (Reuters) – China’s imports are expected to have contracted in May, despite a low base last…
Diageo CEO Menezes in hospital, Crew takes on interim role
(Reuters) – Diageo Plc, the world’s biggest spirits company, on Monday said CEO-designate Debra Crew will assume the top role…
Chinese quants redouble AI bets amid ChatGPT frenzy
SHANGHAI/SINGAPORE (Reuters) – Chinese quant hedge fund managers are rushing to explore ChatGPT-style tools, embracing the emerging AI technology that…