China’s May industrial profits slump again despite easing COVID curbs

BEIJING, June 27 (Reuters) – Profits at China’s industrial firms shrank at a slower pace in May following a sharp fall in April, as activity in major manufacturing hubs resumed, but COVID-19 restrictions still weighed on factory production and squeezed factory margins. Profits fell 6.5% from a year earlier, less than the 8.5% decline in … Read more

Recession fear stalks oil, copper and stocks

LONDON, June 23 (Reuters) – Global markets fell on Thursday as investors worried that further rises in interest rates to decades-high inflation would tip economies into recession. The German economy, Europe’s largest, suffered a sharp loss of momentum at the end of the second quarter, according to the latest Purchasing Managers’ Index, while corresponding figures … Read more

GLOBAL ECONOMY U.S. recession fears darken outlook for global growth

LONDON/TOKYO, June 23 (Reuters) – Manufacturing growth is slowing from Asia to Europe as China’s COVID-19 curbs and Russia’s invasion of Ukraine disrupt supply chains, while the growing risk of a recession in the United States poses a new threat to the chains global economy. High prices in the euro zone meant demand for manufactured … Read more

Defying global surge, China’s factory inflation hits 14-month low

People walk along Nanjing Pedestrian Road, a main shopping area, in Shanghai, China May 5, 2021. REUTERS/Aly Song Register now for FREE unlimited access to register May PPI year-on-year inflation eases to 14-month low May CPI year-on-year is in line with April’s growth BEIJING, June 10 (Reuters) – China’s factory-gate inflation cooled to its … Read more

China’s exports surge on easing COVID curbs, trade outlook still fragile

A cargo ship carrying containers is seen near the Yantian port in Shenzhen, following the novel coronavirus disease (COVID-19) outbreak, Guangdong province, China May 17, 2020. REUTERS/Martin Pollard Register now for FREE unlimited access to register China May exports grow at double-digit pace, blows past forecast China May imports also beat f’cast, first expansion … Read more

Stocks shaky as hawkish RBA heightens policy worries

MILAN/SINGAPORE, June 7 (Reuters) – World shares fell on Tuesday and bond yields remained supported as a surprise 50-basis-point rate increase in Australia raised concern over policy tightening ahead of US inflation data and a European Central Bank meeting this week . The Reserve Bank of Australia (RBA) raised rates by the most in 22 … Read more

Egypt private sector activity extends contraction in May as inflation weighs

An employee sprays disinfectant as a precautionary measure amid the coronavirus disease (COVID-19) pandemic in front of the Egyptian national flag at the State Council headquarters in Giza, Egypt October 19, 2021. REUTERS/Mohamed Abd El Ghany Register now for FREE unlimited access to register CAIRO, June 5 (Reuters) – Non-oil private sector activity in … Read more

Asia’s factory activity slows in May as China COVID curbs weigh

Employees work on the production line during an organized media tour to a Schneider Electric factory in Beijing, China February 17, 2022. REUTERS/Florence Lo Register now for FREE unlimited access to register Many Asian Economies see factory activity growth slow in May China’s private PMI contracts for 3rd month but at slower pace Japan’s … Read more

Decline in China’s factory activity slows as COVID curbs ease

Employees work on the production line during an organized media tour to a factory of Beijing Benz Automotive Co (BBAC), a joint venture by BAIC Motor and Mercedes-Benz, in Beijing, China February 17, 2022. REUTERS/Florence Lo/File Photo Register now for FREE unlimited access to register China May official manufacturing PMI higher than forecast PMI … Read more

India’s Jan-March GDP growth seen at one-year low on weak consumption

Jan-March growth forecast at 4.0% y/y vs 5.4% in Oct-Dec Rising inflation seen hitting consumer spending, investments Economists expect a second RBI policy rate hike in June India to release GDP date at 1200 GMT on Tuesday NEW DELHI, May 31 (Reuters) – Soaring prices and the subsequent hit to consumer spending and investments are … Read more