Sterling falls as BoE expects recession, US futures up

Sterling falls as BoE expects recession, US futures up

Bank of England hikes rates by 50 basis points BoE expects recession throughout 2023 Fed official: 50bp hike in Sept “reasonable” Oil stabilized after hitting six-month low Lufthansa returns to operating profit LONDON, Aug 4 (Reuters) – Sterling fell on Thursday after the Bank of England followed its counterparts in the United States and euro … Read more

Wall Street falls on rising US-China tensions, Caterpillar shares weigh

Wall Street falls on rising US-China tensions, Caterpillar shares weigh

Speaker Nancy Pelosi expected in Taipei later today Caterpillar falls after missing sales estimates Uber gains after reporting positive cash flow Indexes down: Dow 0.92%, S&P 0.61%, Nasdaq 0.45% Aug 2 (Reuters) – Wall Street’s major indexes fell on Tuesday on concerns over rising US-China tensions ahead of the arrival of US House of Representatives … Read more

US considers crackdown on memory chip makers in China

US considers crackdown on memory chip makers in China

WASHINGTON, Aug 1 (Reuters) – The United States is considering limiting shipments of American chipmaking equipment to memory chip makers in China including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter, part of a bid to halt China’s semiconductor sector advances and protects US companies. If President Joe Biden’s … Read more

Wall Street ends down after biggest month since 2020

Wall Street ends down after biggest month since 2020

US manufacturing sector slows modestly PerkinElmer rises on $2.45 billion divestment Indexes end: S&P 500 -0.28%, Nasdaq -0.18%, Dow -0.14% Aug 1 (Reuters) – Wall Street ended lower after a choppy session on Monday, with declines in Exxon Mobil (XOM.N) and other energy companies weighing against gains in Boeing (BA.N) as investors digested the US … Read more

GLOBAL ECONOMY Factories squeezed by higher prices, weak demand

GLOBAL ECONOMY Factories squeezed by higher prices, weak demand

Staff work inside a non woven filter fabric factory, where the fabric is used to make surgical face masks, in Taoyuan, Taiwan, March 30, 2020. REUTERS/Ann Wang/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON/LONDON, Aug 1 (Reuters) – Factories across the United States, Europe and Asia struggled for momentum in July … Read more

China’s economic wobbles worsen as factory, property woes mount

China's economic wobbles worsen as factory, property woes mount

Employees wearing face masks work on a car seat assembly line at Yanfeng Adient factory in Shanghai, China, as the country is hit by an outbreak of a new coronavirus, February 24, 2020. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register Factory activity slows in July vs June – Caixin survey … Read more

NATO peacekeepers oversee removal of roadblocks in Kosovo

NATO peacekeepers oversee removal of roadblocks in Kosovo

ZUPCE, Kosovo, Aug 1 (Reuters) – NATO-led peacekeepers backed by helicopters on Monday oversaw the removal of roadblocks protesters had set up in north Kosovo, where political tensions have flared more than two decades since a crisis that ended with NATO airstrikes. The removal of the barricades came after the Kosovo government postponed the implementation … Read more

Kosovo government postpones its plan for volatile north after tensions rise

Kosovo government postpones its plan for volatile north after tensions rise

FILE PHOTO- Kosovo’s Prime Minister Albin Kurti looks on during a news conference with German Chancellor Olaf Scholz in Berlin, Germany May 4, 2022. REUTERS/Hannibal Hanschke Register now for FREE unlimited access to Reuters.com Register MITROVICA, Kosovo, July 31 (Reuters) – The Kosovo government postponed implementation of a decision that would oblige Serbs in the … Read more

Beirut silo collapses, reviving trauma ahead of blast anniversary

Beirut silo collapses, reviving trauma ahead of blast anniversary

Silos a towering reminder of Aug. 4, 2020 explosion Smouldering fire had put Beirut residents on edge for weeks 2020 blast seen as symbol of corruption of Lebanese elite BEIRUT, July 31 (Reuters) – Part of the grain silos at Beirut Port collapsed on Sunday just days before the second anniversary of the massive explosion … Read more

China’s factory activity contracts unexpectedly in July as COVID flares up

China's factory activity contracts unexpectedly in July as COVID flares up

Employees work on the production line of vehicle components during a government-organized media tour to a factory of German engineering group Voith, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China July 21, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register China July official manufacturing PMI below forecast July official services … Read more