By Khanh Vu and Francesco Guarascio HANOI (Reuters) – Vietnam’s rolling power cuts have hit industrial parks in the country’s northern provinces where top global manufacturers such a[...]
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June 5, 2023
Kremlin: OPEC+ important to global energy market stability
MOSCOW (Reuters) – OPEC+, the group of leading oil-producing countries, is important for providing stability on global energy markets, Kremlin spokesman Dmitry Peskov said on Monday, a day after[...]
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Volvo Cars sales up 31% in May as it recovers from past years
HELSINKI (Reuters) – Sweden-based Volvo Cars on Monday posted a 31% rise in sales in May compared with a year earlier, selling 60,398 cars. The 31% rise comes after a strained 2022, when the com[...]
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Eurozone investor mood darkens due to ‘problem child’ Germany, survey finds
BERLIN (Reuters) – Investors got more gloomy on prospects for the euro zone economy in June, dragged down by negative expectations for Germany, Europe’s biggest economy, a survey showed on[...]
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Euro zone business growth slowed in May as factories struggled-PMI
LONDON (Reuters) – Euro zone business activity was shored up last month by the bloc’s dominant services industry offsetting a deepening decline in the manufacturing sector, according to a[...]
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German engineering orders back to double-digit drop in April – VDMA
BERLIN (Reuters) – German engineering companies’ order books fell significantly in April, reversing the “small ray of hope” seen in the prior month’s figures, the VDMA en[...]
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Foxconn’s May sales drop 9.5% y/y on smartphone weakness
TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple Inc, said on Monday that revenue in May fell 9.5% year-on-yea[...]
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Analysis-Smaller UK firms attractive targets for PE buyouts
By Shristi Achar A and Johann M Cherian (Reuters) – Even as higher costs of borrowing continue to choke dealmaking, fund managers and bankers believe smaller UK-listed firms remain attractive to[...]
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Biden signs debt limit bill, avoiding U.S. default
By Trevor Hunnicutt WASHINGTON (Reuters) -President Joe Biden on Saturday signed a bill that suspends the U.S. government’s $31.4 trillion debt ceiling, averting what would have been a first-eve[...]
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