Reuters US Economy Archives - Page 792 of 866

U.S. factory activity slows to two-year low as clouds gather over economy

1 Jul 2022 1 Jul 2022

By Lucia Mutikani WASHINGTON (Reuters) – U.S. manufacturing activity slowed more than expected in June, with a measure of new orders contracting for the first time in two years, signs that the economy was cooling amid aggressive monetary policy tightening by the Federal Reserve. The survey from the Institute for Supply Management (ISM) on Friday …

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Traditional Czech village pubs turning off taps as costs soar

1 Jul 2022 1 Jul 2022

By Jason Hovet and Michael Kahn SEC, Czech Republic (Reuters) – Czechs have long gathered at village pubs to catch up with friends or celebrate special occasions in a nation famed for its beer culture, but soaring costs and belt-tightening by patrons have now left many watering holes fighting for survival. Like other pubs across …

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Muted start to new quarter for European equities as recession worries weigh

1 Jul 2022 1 Jul 2022

By Devik Jain (Reuters) -European shares closed flat on Friday as gains in defensives countered a sell-off in semiconductor and commodity-linked stocks, while investors prepared for the European Central Bank’s (ECB) first interest rate hike in over a decade this month. Data on Friday showed euro zone inflation came in higher than expected and hit …

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Drop in demand weighs on German manufacturing, outlook darkens -PMI

1 Jul 2022 1 Jul 2022

BERLIN (Reuters) – A sharp fall in new orders weighed on German manufacturing activity in June, darkening the outlook for Europe’s largest economy, a survey showed on Friday. S&P Global’s final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Germany’s economy, fell to 52.0 in June from May’s final reading …

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French manufacturing under pressure as new orders fall-PMI

1 Jul 2022 1 Jul 2022

PARIS (Reuters) – A drop in new orders hit France’s manufacturing sector in June as months of high inflation and global logistics problems hurt demand, a survey showed on Friday. S&P Global’s manufacturing Purchasing Managers’ Index (PMI) fell further in June to 51.4, its lowest reading since at the height of the coronavirus pandemic at …

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Italy June manufacturing growth slowest for two years -PMI

1 Jul 2022 1 Jul 2022

ROME (Reuters) – Italy’s manufacturing sector grew at the slowest pace in two years in June, a survey showed on Friday, as firms reported weak demand and increasingly downbeat expectations. The S&P Global Purchasing Managers’ Index (PMI) for Italian manufacturing came in at 50.9, down from 51.9 in May and registering the lowest reading since …

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Market indicator in “extremely bearish” territory for 3rd straight week – BoFA

1 Jul 2022 1 Jul 2022

LONDON (Reuters) – A market indicator measuring how investors are positioned held at “extremely bearish” levels for a third consecutive week as investors yanked more cash out of equities and bonds, BoFA Securities said in a weekly note on Friday. Outflows from European equity funds extended into its twentieth week, while emerging market debt has …

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South Australia to review Skycity’s Adelaide casino amid broader scrutiny

1 Jul 2022 1 Jul 2022

(Reuters) – South Australia’s gambling regulator said on Friday it would commission an independent review of Skycity Entertainment’s Adelaide casino, after probes in other states found shortcomings at rivals Crown Resorts and Star Entertainment. Casino operators in Australia have been dogged by damning reports of shirking anti-money laundering rules, dysfunctional governance and poor corporate culture, …

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Aerojet investors end proxy fight with chairman by electing CEO’s slate

30 Jun 2022 30 Jun 2022

By Svea Herbst-Bayliss BOSTON (Reuters) – Aerojet Rocketdyne shareholders on Thursday elected the eight-person board slate headed by Chief Executive Officer Eileen Drake, the company said in a statement, ending one of the most bitterly fought proxy contests of the year. Based on preliminary results, Drake’s slate won more than 75% of the votes cast, …

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NBCUniversal secures $7 billion in upfront ad sales – source

30 Jun 2022 30 Jun 2022

By Dawn Chmielewski (Reuters) – NBCUniversal said on Thursday it completed the highest-grossing upfront advertising sales period since its acquisition by Comcast Corp with commitments exceeding $7 billion, according to a source with knowledge of the matter. The media company said in a statement its approach of combining local, national and digital advertising sales through …

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