FILE PHOTO: A technician moves the body of a Rolls-Royce Cullinan on the production line of the Rolls-Royce Goodwood factory, near Chichester, Britain, September 1, 2020. REUTERS/Peter NichollsLONDON (Reuters) – A deluge of new orders helped to drive a record increase in British manufacturing activity last month as the economy began to recover from the COVID-19 pandemic, a survey showed […]
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Final IHS Markit manufacturing PMI (purchasing managers' index) readings for May are due out of the euro zone and the U.K. on Tuesday morning, along with flash euro zone inflation figures and unemployment rates. Italy confirms its final first-quarter GDP growth rate. Oil prices surged overnight during Asian trading hours, with international benchmark Brent crude futures up 1.36% at $70.26 per barrel. U.S. crude […]
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FILE PHOTO: People walk as a bus passes a Shell gas station in Buenos Aires, Argentina, March 12, 2018. REUTERS/Marcos Brindicci/File Photo(Reuters) – Brazilian energy firm Raizen intends to file for an initial public offering “in the next days,” the company said in a Monday night securities filing. In the filing, the company, a joint venture between Royal Dutch Shell […]
Read moreNYSE president: Bitcoin not a threat to traditional investing New York Stock Exchange President Stacey Cunningham on today’s markets, the reopening economy, cryptocurrencies and potential higher taxes under the Biden administration. Miami is hosting the largest-ever cryptocurrency conference this week in a sign that what was once dismissed as a passing fad is now going mainstream. The conference, which runs […]
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NEW DELHI (Reuters) – India’s economic growth picked up in the January-March quarter from the previous three months, but economists have grown pessimistic about this quarter after a huge second wave of COVID-19 infections hit the country last month.Slideshow ( 2 images )Gross domestic product grew 1.6% in January-March compared with the same period a year earlier, mainly driven by […]
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FILE PHOTO: A general view of empty streets in downtown Cairo, amid the coronavirus disease (COVID-19) outbreak, during the traditional spring holiday of ‘Shem al-Neseem’, in Cairo, Egypt, May 3, 2021. REUTERS/Sayed SheashaCAIRO (Reuters) -Egypt will lift restrictions imposed to curb the spread of the coronavirus, including easing the early closure of shops and restaurants, from Tuesday, the cabinet said. […]
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A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York (CNN Business)Tech stocks are showing investors how durable they can be, bouncing back from two sharp sell-offs this year to continue a dramatic surge that has seen the Nasdaq more than double since March 2020. […]
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LONDON (Reuters) – Britain’s retail sector will endure a “tsunami of closures” if the government does not extend a moratorium on aggressive debt enforcement, industry lobby group the British Retail Consortium (BRC), said on Sunday.FILE PHOTO: General view of the deserted New Bond Street with its closed shops, following the outbreak of the coronavirus disease (COVID-19), London, Britain, May 7, […]
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SEOUL (Reuters) – Orphans, conscripted soldiers, and students – some appearing to be children – are “volunteering” to work manual labour in North Korea, including in coal mines, farms, and large construction projects, the country’s state media have reported.FILE PHOTO: FILE PHOTO: A North Korea flag flutters next to concertina wire at the North Korean embassy in Kuala Lumpur, Malaysia […]
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