TOKYO (Reuters) – Japan’s Maruzen Petrochemical, a unit of Cosmo Energy Holdings, will shut its ethylene unit in Chiba in the 2026/27 financial year and consolidate production at Keiyo Ethylene, its joint venture with Sumitomo Chemical, the companies said on Tuesday. The move aims to enhance the utilization rate and competitiveness of Keiyo Ethylene, which …
Japan’s Maruzen Petrochemical to shut ethylene unit in Chiba Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -As Wall Street draws the curtain on a tumultuous quarter in which stocks logged a record high before tumbling into correction, investors are faced with a mountain of policy uncertainty that clouds the outlook for coming quarters. The S&P 500 Index finished the quarter down 4.6%, its worst …
Wall Street closes out bruising quarter as outlook remains murky Read More »
By Ziyi Tang and Ryan Woo BEIJING (Reuters) -Some Chinese banks have started raising interest rates amid growing bad consumer loans in a dramatic U-turn just weeks after slashing them to unprecedented lows, a move that is expected to weigh on Beijing’s efforts to stimulate a sluggish economy. Banks including China Construction Bank, China Merchants …
Chinese banks hike consumer loan rates in abrupt reversal as bad debt risks mount Read More »
JOHANNESBURG (Reuters) – A South African purchasing managers’ index (PMI) survey showed that conditions in the manufacturing sector remained depressed in March, but there was a slight improvement in sentiment thanks to better demand. The seasonally-adjusted PMI sponsored by South African bank Absa rose to 48.7 points in March from 44.7 in February, but it …
South African manufacturing conditions still depressed, Absa PMI shows Read More »
By Andy Bruce (Reuters) – British manufacturers endured a torrid March as the U.S. tariff threat and looming tax increases at home contributed to a plunge in new orders and ebbing optimism, a business survey showed on Tuesday. The S&P Global UK Purchasing Managers’ Index (PMI) for manufacturing, a measure of activity in British factories, …
UK factories struggle as trade woes hammer sentiment, PMI shows Read More »
PARIS (Reuters) – The downturn in French manufacturing eased in March, a survey showed on Tuesday, although the outlook for the sector remains weak due to political uncertainty and weak orders. The HCOB final purchasing managers index (PMI) for the French manufacturing sector, as compiled by S&P Global, stood at 48.5 points in March. That …
French manufacturing downturn eased in March, PMI shows Read More »
MOSCOW (Reuters) – Russia’s manufacturing sector experienced its sharpest contraction in nearly three years in March, as output and new orders fell in the face of weak domestic and foreign demand, a business survey showed on Tuesday. The S&P Global Russia Manufacturing Purchasing Managers’ Index (PMI) dropped to 48.2 in March from 50.2 in February, …
Russian factory activity sees sharpest decline in nearly three years, PMI shows Read More »
By Stella Qiu and Wayne Cole SYDNEY (Reuters) -Australia’s central bank on Tuesday left its cash rate steady as widely expected but took a small step towards further easing in a policy meeting dominated by risks of a global trade war. Wrapping up its April policy meeting, the Reserve Bank of Australia (RBA) held interest …
Australia’s central bank holds rates as it frets over trade war risk Read More »
SYDNEY (Reuters) – The Reserve Bank of Australia on Tuesday left its cash rate unchanged at 4.10% following a two-day policy meeting. The following is a chronology of the Reserve Bank of Australia’s interest rate moves since 1990. Each move is measured in basis points (bp), which are one-hundredths of a percentage point. Feb 18 …
(Reuters) – Asian rental housing provider Dash Living said on Tuesday that Rava Partners, a unit of global equity firm Hillhouse Investment, had invested up to $150 million in the company, taking a majority stake. Dash Living did not disclose how much stake Rava, which invests in real assets and physical infrastructure, will get or …
Hillhouse Investment injects $150 million in Asian rental firm Dash Living Read More »
