(Recasts after PMI data, adds fresh quote, chart) LONDON, Aug 23 (Reuters) – Euro zone bond yields rose on Monday as world stocks rebounded from last week’s sell off and a closely-watched gauge of business activity suggested that the bloc’s economy is holding up well and price pressures are rising. IHS Markit’s euro zone Flash Composite Purchasing Managers’ Index, seen […]
Read moreLONDON (Reuters) – Euro zone business activity remained strong this month, only dipping from July’s two-decade high pace, as a rapid vaccination drive against the coronavirus allowed more businesses to reopen and customers to venture out, a survey showed on Monday.FILE PHOTO: Staff wear protective masks at the Volkswagen assembly line in Wolfsburg, Germany, April 27, 2020. Swen Pfoertner/Pool via […]
Read moreAn empty street is seen as a lockdown to curb the spread of cases of the coronavirus disease (COVID-19) remains in place in Wellington, New Zealand, August 20, 2021. REUTERS/Praveen MenonWELLINGTON (Reuters) -Prime Minister Jacinda Ardern on Monday extended New Zealand’s strict nationwide COVID-19 lockdown saying the current outbreak of the Delta variant of the coronavirus had not yet peaked. […]
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TOKYO (Reuters) – Oil prices reversed out of a seven-day losing stretch on Monday as investors punted on crude at bargain levels, though lingering fears over how a surge in globalCOVID-19 cases might affect fuel demand combined with a firmer U.S. dollar to limit gains.FILE PHOTO: A petrol station attendant prepares to refuel a car in Rome, Italy, January 4, […]
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A prominent Australian fund manager overseeing investments worth over $5 billion says it has sold out of Chinese stocks completely and will not re-invest in the country until the ruling Communist Party provides more clarity around the regulatory crackdown against its major corporates. Melbourne-based Munro Partners had previously invested up to 15 per cent of its portfolio, or $750 million, […]
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TOKYO (Reuters) – Authorities in the Japanese capital are considering plans to convert some of the city’s Olympics and Paralympics venues into temporary medical facilities as they combat soaring COVID-19 infections that have piled pressure on the healthcare system.People wearing protective masks, amid the coronavirus disease (COVID-19) outbreak, make their way in Tokyo, Japan, August 6, 2021. REUTERS/Kim Kyung-HoonJapan’s fifth […]
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KABUL (Reuters) – Afghanistan’s new Taliban rulers imposed some order around chaotic Kabul airport on Sunday, making sure people formed orderly queues outside the main gates and not allowing crowds to gather at the perimeter, witnesses said.A member of Taliban (C) stands outside Hamid Karzai International Airport in Kabul, Afghanistan, August 16, 2021. REUTERS/Stringer There was no violence or confusion […]
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FILE PHOTO: Signage for Sainsbury’s is seen at a branch of the supermarket in London, Britain, January 8, 2020. REUTERS/Toby Melville/File Photo(Reuters) – Private equity companies are circling British supermarket group Sainsbury’s with a view to possibly launching bids of more than 7 billion pounds ($9.53 billion), The Sunday Times reported. American buyout giant Apollo is said to be running […]
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New York (CNN Business)Ajmal Ahmady is still disoriented by how rapidly Afghanistan’s US-backed government collapsed to the Taliban. “The situation fell apart very rapidly,” Ahmady, the Harvard-trained economist who led Afghanistan’s central bank, told CNN. “Even on Sunday morning, I was still at my desk working.” But as reports came in that Taliban fighters had entered the city and prisoners […]
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