Pakistan central bank’s forex reserves fall $102 million to $4.09 billion in week ended May 26
KARACHI, Pakistan (Reuters) – Pakistan’s central bank foreign reserves decreased by $102 million to $4.09 billion due to external debt…
Economy
Getty asks London court to stop UK sales of Stability AI system
By Sam Tobin LONDON (Reuters) – Stock photo provider Getty Images has asked London’s High Court for an injunction to…
Citigroup hires former UBS banker for energy dealmaking – memo
By David French and Anirban Sen (Reuters) – Citigroup Inc has hired former UBS Group AG banker Dan Ford as…
UK factory output contracts again in May: PMI
By Suban Abdulla LONDON (Reuters) – Britain’s manufacturing output fell for a third month in a row in May and…
Semi shorts down $18 billion in mark-to-market losses in 2023, S3 Partners says
NEW YORK (Reuters) – Short sellers in U.S. shares related to the semiconductor industry are down $18.31 billion in mark-to-market…
Global factories struggle for momentum amid patchy demand
By Jonathan Cable, Leika Kihara and Lucia Mutikani LONDON/TOKYO/WASHINGTON (Reuters) – Sluggish global demand deepened the decline in manufacturing activity…
US weekly jobless claims rise slightly; labor market defies recession fears
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased modestly last week…
Macron struggles to kick France’s spending habit
By Leigh Thomas PARIS (Reuters) – President Emmanuel Macron has loosened labour laws and cut taxes among other reforms to…
Canadian pension fund CDPQ puts brakes on China investment – FT
(Reuters) -Canada’s second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) has stopped making private deals in China…
AerCap CEO says airlines to face supply squeeze for many years
By Tim Hepher PARIS (Reuters) – Airlines could face shortages of planes, engines and parts for several years as they…