By Nell Mackenzie LONDON (Reuters) – Global hedge funds’ bearish positions reached year highs in April, largely aimed at companies selling non-essential consumer products, in a bet that harsher economic times will curtail excess spending, said a Goldman Sachs note on Monday. Hedge funds trading the stocks of U.S. consumer discretionary companies offering flat-screen TVs…
By Alexander Marrow (Reuters) – Tinder owner Match Group has said it will quit Russia by June 30, citing the need to protect human rights, one of many Western firms to leave since Moscow sent troops into Ukraine last year. “We are committed to protecting human rights,” Match said in an annual impact report published…
By Orhan Coskun, Ahmed Rasheed and Timour Azhari ANKARA/BAGHDAD (Reuters) – ISIS leader Abu Hussein al-Qurashi’s six-month rule ended when he detonated a suicide vest during a Turkish special forces raid in northwest Syria on Saturday after refusing to surrender, a senior Turkish security official said. The third ISIS leader to die by detonating an…
By Suban Abdulla LONDON (Reuters) – British factory output and new orders contracted at the start of the second quarter of 2023, but manufacturers were more optimistic and input costs rose at the weakest rate since May 2020, an industry survey showed on Tuesday. The final S&P Global/CIPS UK manufacturing Purchasing Managers’ Index (PMI) fell…
ROME (Reuters) – Italy’s manufacturing sector shrank in April, ending three months of growth, as production and new orders fell and purchasing activity was sharply reduced, a survey showed on Tuesday. The HCOB Global Purchasing Managers’ Index (PMI) for Italian manufacturing came in at 46.8, down from 51.1 in March, well below the 50 mark…
DUESSELDORF (Reuters) – German arms makers Rheinmetall and Krauss-Maffei Wegmann have settled a legal dispute over the intellectual property rights to the Leopard 2, one of the world’s most advanced battle tanks, a court said on Tuesday. A boom in defence orders due to the war in Ukraine, and in particular demand for Leopard tanks…
BERLIN (Reuters) – Germany’s manufacturing sector contracted at the fastest rate in almost three years in April, although firms increased output slightly as their supply chain problems eased, a survey showed on Tuesday. S&P Global’s final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Germany’s economy, fell by 0.2 points…
PARIS (Reuters) – France’s manufacturing sector contracted further in April as new orders fell and the impact of protests against the government’s plans to increase the retirement age hit business, a survey showed on Tuesday. The HCOB France manufacturing final purchasing managers index (PMI) for April, compiled by S&P Global, fell to 45.6 points from…
(Reuters) -Hundreds of lawsuits have been filed over the terms of an emergency deal to save Swiss lender Credit Suisse by selling it to its bigger rival UBS, a Swiss court has said. The 3 billion Swiss franc ($3.35 billion) rescue, hammered out over a March weekend amid turmoil in the global banking sector, upended…
ISTANBUL (Reuters) – Growth in new orders and output helped Turkish factory activity expand at a faster pace in April, as the sector continued its recovery in the wake of massive earthquakes in early February. The Purchasing Managers’ Index (PMI) for manufacturing rose to 51.5 last month from 50.9 in March, staying above the 50-point…
