Euro zone factory downturn eased a touch in November -PMI
LONDON (Reuters) – The broad-based downturn in euro zone manufacturing activity eased slightly last month but the sector remained deeply rooted in contractionary territory, prompting factories to trim staffing levels for a…
Jobs Market Runs Red Hot In January, But Economists Fear Downturn Is Coming
Jobs Market Runs Red Hot In January, But Economists Fear Downturn Is Coming John Hugh DeMastri on February 3, 2023 The U.S. added 517,000 jobs in January, more than two and a…
Marketmind: Dodging a downturn
A look at the day ahead in U.S. and global markets from Mike Dolan. Global investors have fretted endlessly about a 2023 recession for the major global economies for more than six…
Real estate broker Compass to cut more jobs to deal with housing downturn
(Reuters) – Real estate broker Compass Inc said on Thursday it would cut more jobs to deal with a downturn in the housing market as it set a target of becoming free…
Majority Of Big Banks Predict Significant Economic Downturn In 2023: POLL
Majority Of Big Banks Predict Significant Economic Downturn In 2023: POLL John Hugh DeMastri on January 2, 2023 Of 23 major financial institutions that work directly with the Federal Reserve, 16 anticipate…
Fading supply problems ease downturn in German manufacturing -PMI
BERLIN (Reuters) – Fading supply chain problems helped ease the downturn in Germany’s manufacturing sector in December, although weaker demand continues to weigh on sentiment, a survey showed on Monday. S&P Global’s…
UK downturn moderates in December but recession begins – PMI
By Andy Bruce LONDON (Reuters) -The downturn across most British businesses eased slightly this month but manufacturers struggled and the economy is still likely to contract this quarter, marking a recession, a…
Euro zone banks not facing up to reality of downturn, ECB says
FRANKFURT (Reuters) – Euro zone banks have not yet fully faced up to the reality of an economic downturn, so finance industry supervisors will need to force them to be more conservative…
Euro zone factory downturn eased in November, inflationary pressures moderated
LONDON (Reuters) – The downturn in manufacturing activity across the euro zone eased in November, according to a survey which suggests while the bloc’s factories still face a harsh winter it may…
South Korea Nov factory activity shrinks for 5th month, but downturn eases slightly – PMI
SEOUL (Reuters) – South Korea’s factory activity shrank for a fifth straight month in November but the downturn moderated slightly, a private-sector survey showed on Thursday, possibly suggesting the worst is over…
U.S. business activity weakens further; euro zone downturn eases slightly
By Lucia Mutikani and Jonathan Cable WASHINGTON/LONDON (Reuters) – U.S. business activity contracted for a fifth straight month in November as higher interest rates slowed demand but the downturn in euro zone…
German downturn eases in Nov, bringing hope for milder recession -flash PMI
BERLIN (Reuters) – The downturn in German economic activity eased in November, a preliminary survey showed on Wednesday, as firms saw price pressures retreat from recent highs, offering hope that an expected…
Major Tech Firms Cut Jobs, Freeze Hiring Thanks To Fears Of Economic Downturn
Major Tech Firms Cut Jobs, Freeze Hiring Thanks To Fears Of Economic Downturn John Hugh DeMastri on November 3, 2022 Ridesharing app Lyft and payment processing startup Stripe informed their staff of…
Factbox-Chipmakers cut spending as demand boom makes way for downturn
(Reuters) – The global chip industry is bracing for a downturn by reining in on investments for the year, in a stark contrast to initial 2022 predictions that pandemic-fueled demand would drive…
Chipmaker UMC cuts capex in readiness for prolonged downturn
By Sarah Wu TAIPEI (Reuters) – Taiwanese chipmaker United Microelectronics Corp (UMC) has cut this year’s planned capital expenditure by almost a fifth, it said on Wednesday, citing weakening consumer demand without…
Fed’s Daly: do not want to tip economy into downturn
(Reuters) -San Francisco Federal Reserve Bank President Mary Daly said on Tuesday that the U.S. central bank is “resolute” about bringing down high inflation but also wants to do so “as gently…
UK downturn deepens, raising recession risk -flash PMI
LONDON (Reuters) – The downturn in British businesses steepened this month as they battled soaring costs and faltering demand, according to a survey on Friday that hammered home the rising risk of…
ECB must keep raising rates despite downturn, Schnabel says
FRANKFURT (Reuters) – The euro zone is facing an economic downturn but inflation is still far too high, so interest rates need to keep going up, European Central Bank board member Isabel…
JPMorgan says will be careful about banker cuts amid investment banking downturn
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co will maintain caution on its staffing levels despite the recent downturn in investment banking, its president said on…
Copper speculators anticipate downturn for market and the world
By Eric Onstad LONDON – Speculators in the copper market, viewed as an indicator of the health of the economy, are betting a global downturn means the metal used in power and…
Russian central bank says economic downturn to deepen in Q3
MOSCOW – Russia’s economic contraction will deepen in the third quarter of 2022, while its strong current account surplus, the key driver of the rouble’s recent rebound, will shrink in the second…
Euro zone investor morale improves but economy still in downturn
BERLIN – Investor morale in the euro zone rose more than expected in June, the first increase after Russia’s invasion of Ukraine, a survey showed on Tuesday, as many companies have not…
China’s April coal output leaps 11% on year, but demand downturn looms
BEIJING – China’s daily coal output in April jumped 11% from the same month a year earlier, boosted by Beijing’s order to increase supply to ensure security of the country’s energy supply,…
U.S. trucking downturn puts pressure on independent operators -Uber Freight
By Tina Bellon (Reuters) – A continued decline in on-demand trucking prices risks squeezing out tens of thousands of small operator-owned trucking companies that rushed into the market when rates were surging…
Euro zone March factory growth slumped, downturn possible -PMI
LONDON – Euro zone manufacturing growth slowed sharply last month as Russia’s invasion of Ukraine tightened supply chain bottlenecks, dampened demand and whacked confidence, a survey showed as soaring energy costs drove…
Column-China’s manufacturers enter downturn – but for how long? Kemp
By John Kemp LONDON – China’s manufacturing sector contracted this month as coronavirus outbreaks, city-level lockdowns, rising input prices and the severe disruption of global supply chains take their toll on output…
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