TOKYO – Japan’s factory activity contracted at a faster pace in July, a business survey showed on Tuesday, taking a hit from soft orders amid weakening global economic conditions. The final au Jibun Bank Japan manufacturing purchasing managers’ index (PMI) fell to 49.6 in July, slightly higher than flash 49.4 but down from 49.8 in…
By Elida Moreno PANAMA CITY (Reuters) – The number of people crossing the treacherous Darien Gap linking Panama and Colombia hit an all-time high in the first seven months of the year, figures released on Monday showed, with July seeing a sharp jump despite recent efforts to curb the trend. Official data showed 248,901 people…
By Jihoon Lee SEOUL (Reuters) – A protracted slump in South Korea’s factory activity eased in July as export orders rose for the first time in nearly 1-1/2 years, a private business survey showed on Tuesday, raising hopes for a more durable economic recovery. The purchasing managers index (PMI) for South Korean manufacturers, compiled by…
DUBLIN (Reuters) – A slump in Irish manufacturing activity deepened slightly again last month as output was at one of its lowest levels on record, but firms resumed adding staff amid a tight labour market, a survey showed on Tuesday. The AIB S&P Global manufacturing Purchasing Managers’ Index (PMI) for Ireland fell to 47.0 in…
By Kanishka Singh and Costas Pitas WASHINGTON (Reuters) -Florida Governor Ron DeSantis said on Monday he would aim to deter China from invading Taiwan if he wins the 2024 presidential election, saying China would refrain from such an attack if the costs outweighed the benefits. “So my policy is going to be to deter that…
By Isla Binnie NEW YORK (Reuters) – Large U.S.-based asset managers have shown waning interest in encouraging companies in which they invest to phase out fossil fuels since 2021, while their European counterparts have remained more active, think tank InfluenceMap said on Monday. Managers globally hold almost three times more equity in fossil fuel companies…
By Jody Godoy NEW YORK (Reuters) -Terraform Labs and its founder, Do Kwon, must face fraud allegations brought by the U.S. Securities and Exchange Commission, a federal judge ruled on Monday. Kwon and Terraform Labs were behind two cryptocurrencies whose implosion roiled crypto markets around the world last year. U.S. District Judge Jed Rakoff in…
(Reuters) -Demand for power in Texas hit a record high for a sixth time this summer on Monday as homes and business kept air conditioners cranked up to escape a lingering heat wave. The Electric Reliability Council of Texas (ERCOT), which operates the grid for more than 26 million customers representing about 90% of the…
(Reuters) – The Teamsters local unions, which represent 340,000 workers at United Parcel Service, voted 161-1 on Monday to endorse the tentative agreement reached with the delivery giant on July 25. The agreement, estimated to be at $30 billion by the union, provides historic wage increases, one more paid holiday and air conditioning in the…
By Lawrence Delevingne (Reuters) -Wall Street and global stocks edged up on Monday while oil prices gained and the dollar was little changed, as traders looked ahead to corporate earnings and a key employment report due this week. The Dow Jones Industrial Average rose 0.28% to 35,560.19, the S&P 500 gained 0.15% to 4,589.15 and…
