(Reuters) -Russia’s services sector slumped into a contraction in June for the first time in a year, as slower growth in new orders led companies to cut output, a business survey showed on Thursday. The S&P Global Purchasing Managers’ Index (PMI) for Russia’s services sector fell to 49.2 last month from 52.2 in May, moving …
Russian services sector contracts for first time in a year in June Read More »
By Giuseppe Fonte, Angelo Amante and Gavin Jones ROME (Reuters) -Italy, along with other NATO countries, has agreed to sharply increase defence spending over the next decade, but Giorgia Meloni’s government is already working on imaginative ways to minimise any hit to its strained public finances. Unlike Spain, which openly said it could not go …
The Italian job: how Rome plans to work around NATO spending hike Read More »
By Yoruk Bahceli LONDON (Reuters) -Two in three reserve managers fear Federal Reserve independence is at risk and nearly half think the rule of law in the United States may deteriorate enough to influence their asset allocation significantly, UBS Asset Management said in a survey on Thursday. And 35% of close to 40 central banks …
Fed independence, US rule of law at risk, UBS reserve managers survey says Read More »
A look at the day ahead in European and global markets from Stella Qiu It’s been a pretty muted session in Asia and rightly so, given the high stakes in U.S. payrolls data due later in the day that could make or break the case for a July rate cut and spur big moves in …
Morning Bid: Trade optimism gives way to caution over US jobs Read More »
BEIJING (Reuters) -Tesla’s electric vehicle sales in June rose 3.7% from a year earlier, according to Tesla China on Thursday. The U.S. automaker’s EV sales rose 59% from May to 61,000 vehicles in China last month. (Reporting by Qiaoyi Li and Brenda Goh; Editing by Himani Sarkar)
DUBLIN (Reuters) -Ireland’s service sector expansion slowed down markedly in June as softer output, hiring activity and a decline in new export orders led to one of the weakest monthly readings in more than four years of unbroken growth, a survey showed on Thursday. The AIB Global S&P Purchasing Managers’ Index (PMI) fell to 51.5 …
Irish service sector growth slows markedly in June, PMI shows Read More »
By Karl Plume CHICAGO (Reuters) -Global agribusiness Bunge Global said it officially closed a long-delayed deal to merge with Glencore-backed Viterra on Wednesday, two years after announcing the $34 billion mega-deal. The merger creates a global crop trading and processing giant that is poised to rival agribusiness giants Archer-Daniels-Midland and Cargill, at a time when …
Bunge completes long-delayed mega-merger with grain handler Viterra Read More »
By Lisandra Paraguassu and Lucila Sigal BUENOS AIRES/BRASILIA (Reuters) -South America’s Mercosur trade bloc and a group of four small European nations on Wednesday wrapped up talks on a sweeping free-trade agreement a decade in the making that will cover nearly all shipments between the countries. The deal, which has largely been overshadowed by a …
Mercosur, four-nation European trade bloc seal sweeping trade deal Read More »
By Foo Yun Chee BRUSSELS (Reuters) -The European Union is seeking to attract private funding to help it take the lead in quantum technology by 2030, EU tech chief Henna Virkkunen said on Wednesday, as the bloc works to cut its reliance in the sector on the United States and China. Quantum technology will make …
EU turns to private funding to boost quantum technology ambition Read More »
AMSTERDAM (Reuters) -Ferrari on Wednesday scored a win at the EU’s second-highest court, which said the luxury sportscar maker had been wrongfully stripped off the rights to the Testarossa brand name. Ferrari’s rights on the mark were revoked in 2023 by the European Union’s Intellectual Property Office, which said the company had not put them …
Ferrari wins back rights to Testarossa brand at EU court Read More »
