PARIS (Reuters) – France’s manufacturing sector continued contracting in June, according to a monthly survey, although the decline was not quite as bad as initially estimated. HCOB’s final Purchasing Managers Index (PMI) for the French manufacturing sector in June, as compiled by S&P Global, came in at 46.0 points. Any figure below 50 points signifies…
(Reuters) – Glencore Plc said on Monday it had proposed to buy the remaining stake in copper miner PolyMet Mining it does not already own for about $71 million. The Swiss commodity trader already owns 82.26% of PolyMet. Glencore is in the midst of a bigger acquisition bid for Canada’s Teck Resources as the miner…
By David Milliken LONDON (Reuters) – Britain’s economy shrank fractionally less than previously estimated in 2020 when the COVID-19 pandemic prompted the government to require many businesses to stop face-to-face operations, revised data suggested on Monday. The Office for National Statistics said it now estimated that Britain’s economy shrank by 10.9% rather than 11.0% in…
A look at the day ahead in U.S. and global markets from Mike Dolan A holiday-staggered week for U.S. markets looks like picking up where a bumper first half of the year ended on Friday, with Tesla wowing the gallery with impressive delivery stats. Tesla stock zoomed 5% higher ahead of Monday’s open, beating forecasts…
BERLIN (Reuters) – Turmoil at Twitter following new limits to the amount of posts users can see appears to be driving a surge in activity at Mastodon, a German rival that prides itself on its decentralised, user-driven structure. “Looks like Mastodon’s active user base has increased by 110K (110,000) over the last day. Not bad,”…
MADRID (Reuters) – Dozens of people sporting high heels, most of them men, raced down a cobbled street in the centre of the Spanish capital on Thursday as part of Madrid Pride, one of the world’s largest LGBT celebrations. It was the 24th edition of the annual race in Chueca, a gay-friendly neighbourhood, which draws…
By Lewis Jackson SYDNEY (Reuters) -PwC Australia has fired eight partners as part of an internal investigation into the leak of confidential government tax plans by another former partner, the firm said on Monday. The eight partners, who have left or are in the process of leaving, include former CEO Tom Seymour, who resigned in…
By Andrew Osborn LONDON (Reuters) – Dmitry Medvedev, Russia’s former president, has warned that Moscow’s confrontation with the West will last decades and that its conflict with Ukraine could become permanent. Medvedev, once seen in the West as a liberal moderniser, has emerged as one of Russia’s most outspoken hawks since Moscow launched what it…
By Andy Bruce LONDON (Reuters) – The pace of decline in Britain’s manufacturing sector steepened in June and optimism faded despite weakening price pressures, a survey showed on Monday. The S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) fell to 46.5 from 47.1 in May, its lowest reading this year and one of the weakest…
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will travel to Beijing from July 6-9 for meetings with senior Chinese officials on a broad range of issues, including U.S. concerns about a new Chinese counterespionage law, a senior Treasury official said on Sunday. Yellen’s long-anticipated trip is part of a push by…
