Kenya private sector activity falls in April – PMI
NAIROBI (Reuters) – Kenya’s private sector activity fell in April as both the manufacturing and services sectors slowed, with inflation…
Economy
Goldman Sachs cautious on Turkish bank stocks ahead of election
LONDON (Reuters) – Goldman Sachs said on Thursday it was “cautious” on Turkish banks heading into the May 14 election,…
Hollywood unions back striking writers as TV production slows
By Lisa Richwine and Rollo Ross LOS ANGELES (Reuters) -Striking film and television writers met with union leadership on Wednesday,…
Russian services activity grows for third month running in April
(Reuters) – Growth in domestic client demand spurred increased activity in Russia’s services sector in April as new export business…
ArcelorMittal beats profit expectations on higher steel demand
By Marine Strauss BRUSSELS (Reuters) -ArcelorMittal, the world’s second largest steelmaker, said it had a “good growth” in the beginning…
Fed pause baked in after “dovish” hike
(Reuters) – The U.S. Federal Reserve on Wednesday raised interest rates by a widely expected 25 basis points and dropped…
Global gas markets rebalancing, to remain tight in 2023- IEA
By Marwa Rashad LONDON (Reuters) – Global gas markets are gradually rebalancing but are expected to remain tight in 2023…
Vietnam raises retail electricity price by 3%
HANOI (Reuters) – Vietnam on Thursday raised its average retail electricity price by 3%, the government said, in a move…
Marketmind: Next up ECB: Will it be a hawkish 25 or dovish 50?
A look at the day ahead in European and global markets from Vidya Ranganathan. The spotlight moves swiftly from the…
HSBC to raise Hong Kong best lending rate to 5.75%
HONG KONG (Reuters) – HSBC will raise its Hong Kong dollar best lending rate from 5.625% to 5.75% with effect…