By Maria Martinez BERLIN (Reuters) – The downturn in Germany’s manufacturing sector, which accounts for about a fifth of Europe’s biggest economy, continued to gather pace in August, a survey showed on Monday. The HCOB final Purchasing Managers’ Index (PMI) for German manufacturing fell to 42.4 in August from 43.2 in July, above a preliminary …
Downturn in German manufacturing accelerates, PMI shows Read More »
ROME (Reuters) – Italian manufacturing activity contracted for a fifth month running in August but at a slower pace than the month before, a survey showed on Monday, suggesting the worst of a long-running factory slump may be over. The HCOB Global Purchasing Managers’ Index (PMI) for manufacturing in the euro zone’s third-largest economy rose …
Italian manufacturing downturn eases in August, survey shows Read More »
PARIS (Reuters) – France’s manufacturing activity contracted at its fastest pace since January in August, as output and new orders fell sharply, a survey showed on Monday. The HCOB France Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, dropped slightly to 43.9 in August from 44.0 in July. Any reading below 50 indicates a …
French factory activity contracts in Aug at fastest pace since Jan, PMI shows Read More »
(Reuters) – French train maker Alstom said on Monday it had completed the sale of its North American conventional signalling business to Knorr-Bremse for $690 million. “Closing of the sale completes the execution of the company’s 2 billion euro ($2.2 billion) deleveraging plan,” Alstom said. It had announced the sale in April as part of …
Alstom closes sale of N.American signalling business to Knorr-Bremse Read More »
By Devayani Sathyan BENGALURU (Reuters) – New Zealand house prices are forecast to reverse a recent decline and rise 6% next year as interest rate cuts from the Reserve Bank of New Zealand take effect, according to a Reuters poll of property strategists. Despite aggressive interest rate rises, home prices in New Zealand are just …
New Zealand house prices to rise 6% next year on lower interest rates Read More »
PRAGUE (Reuters) – The Czech Finance Ministry has submitted a 2025 budget draft with a 9% lower deficit to the government, saying it will bring record investments while narrowing the fiscal gap to around 2% of gross domestic product. The budget draft, submitted at a midnight deadline on Saturday, counts on a deficit of 230 …
Czech finance ministry submits 2025 budget draft to cut deficit by 9% Read More »
(Reuters) – Ratings agency S&P Global affirmed Ukraine’s foreign currency credit rating at “selective” default on Friday after bondholders approved the war torn country’s plan to restructure more than $20 billion of debt. The debt restructuring provides Ukraine with a crucial reprieve, helping to ensure budget stability as the prolonged conflict with Russia drives up …
By Manya Saini (Reuters) -Goldman Sachs is planning to cut a few hundred jobs as part of an annual review process aimed at low performers, a person familiar with the matter told Reuters on Friday. The investment bank reinstated performance-related job cuts in 2022 after halting it for two years due to the COVID-19 pandemic. …
Goldman to lay off a few hundred employees in annual talent review, source says Read More »
By David Shepardson WASHINGTON (Reuters) -New Boeing CEO Kelly Ortberg met this week with the head of the Federal Aviation Administration as the planemaker faces numerous regulatory issues and increased scrutiny, an agency official confirmed. Ortberg told employees on Friday in an email he had met with the FAA this week and discussed the company’s …
New Boeing CEO holds first meeting with FAA chief Read More »
(Reuters) – Energy equipment maker GE Vernova on Friday said recent turbine blade failures at two offshore wind farms in the United States and the United Kingdom are unrelated and blamed the latest mishap on strong winds. The statement comes as the company has been grappling with fallout from three separate blade accidents in four …
GE Vernova blames latest offshore wind blade failure on high winds, shares rise Read More »
