UBS aims to avoid using $10 billion Credit Suisse backstop amid backlash -FT
(Reuters) -UBS Group AG is aiming to avoid using a $10 billion backstop for Credit Suisse amid a backlash, the…
Economy
Euro zone factory downturn deepened in June as ECB hikes bite-PMI
LONDON (Reuters) – Euro zone manufacturing activity contracted faster than initially thought in June as persistent policy tightening by the…
German manufacturing shrinks in June as demand weakens-PMI
BERLIN (Reuters) – Germany’s manufacturing sector contracted at the fastest rate in more than three years in June, with both…
Italy’s manufacturing shrinks at steepest rate since COVID lockdowns – PMI
ROME (Reuters) – Italy’s manufacturing sector contracted in June at the steepest rate in over three years, a survey showed…
Swiss inflation dips to 1.7% in June, but rate hike still expected
By John Revill ZURICH (Reuters) – Swiss inflation dipped to 1.7% in June, the government said on Monday, although economists…
Take Five: Summer strife
LONDON (Reuters) -The July 4 holiday in the United States may well bring a quiet start to the week for…
Spanish factory output contracts in June for the fourth consecutive month – PMI
MADRID (Reuters) – Factory activity in Spain contracted for the fourth consecutive month in June even though the spending of…
Indonesia’s June inflation eases to lowest in 14 months
By Stefanno Sulaiman and Fransiska Nangoy JAKARTA (Reuters) – Indonesia’s annual inflation rate in June eased to 3.52%, settling into…
Analysis-Bond markets reckon a central bank policy error is on the cards
By Yoruk Bahceli (Reuters) – Bond investors could be in luck for the rest of 2023 if market indicators signalling…
India’s factory growth softened slightly in June but stayed strong
By Shaloo Shrivastava BENGALURU (Reuters) – India’s manufacturing industry expanded at the second-fastest rate this year in June, albeit at…