China’s services activity softens as recovery falters – Caixin PMI
BEIJING (Reuters) – China’s services activity expanded at the slowest pace in five months in June, a private-sector survey showed on Wednesday, as weakening demand …
Recovery
Analysis-Macro hedge funds down at half-year point, pin recovery hopes on central banks
By Carolina Mandl and Nell Mackenzie NEW YORK/LONDON (Reuters) – Many macro hedge funds that bet on global economic trends are ending the first half …
Stolen Vehicle Stop Yields Arrests and Drug Recovery
UTICA, NY – A joint operation between officers of the Crime Prevention Unit and deputies from the Oneida County Sheriff’s Office led to the arrest …
Global central banks post losses on reserves in 2022; no quick recovery seen -survey
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Global central banks experienced losses managing their reserves last year amid bond-heavy allocations that took a major hit …
French central bank sees modest recovery as inflation eases
PARIS (Reuters) – The French economy is on course to avoid a recession this year while inflation pressures ease though growth and will only gradually …
Analysis-Behind aviation recovery, suppliers struggle to keep up
By Allison Lampert, Tim Hepher and Valerie Insinna PARIS (Reuters) – For dealmakers, this week’s Paris Air Show will showcase the boom in demand for …
German econ ministry sees moderate economic recovery in 2023
BERLIN (Reuters) – The German Economy Ministry said on Wednesday it expects a moderate economic recovery over the further course of year, citing easing price …
Search Warrant Leads to Arrest, Recovery of Pills and Catalytic Converters
ATLANTIC CITY, NJ – A man was apprehended and charged by the Atlantic City Police Department on Thursday, following a month-long investigation. Detectives from the …
Traffic Stop Results in Firearm Recovery and Arrest
DORCHESTER, MA – Early Friday, officers from the Boston Police Department operating in Roxbury conducted a traffic stop on Columbia Road in Dorchester. This led …
Analysis-China’s yuan may slip further to aid economic recovery – analysts
By Winni Zhou, Brenda Goh and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – China’s yuan has skidded to six-month lows against the dollar and analysts say it …
Surging temple and lottery stocks mirror China’s weak recovery
By Jason Xue and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – Shares in some Chinese temple operators and lottery sellers surged for a second day on Thursday …
No quick recovery for German economy after winter slump – DIW
BERLIN (Reuters) – There is no quick recovery in sight for the inflation-hit German economy following a winter recession, the DIW economic research institute said …
Thai economy resilient, on path to full recovery – Finance Minister
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy is on a solid path to recovery and showing resiliency, helped by good revenue …
Nomura, Barclays cut China 2023 GDP forecasts as recovery sputters
BEIJING (Reuters) – Nomura has cut its forecast for China’s 2023 gross domestic product (GDP) growth to 5.5% from 5.9% previously, after April data showed …
Marketmind: Slump or recovery in China?
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A barrage of Chinese economic data on Tuesday …
China central bank to keep liquidity ample, support economic recovery
BEIJING (Reuters) – China’s central bank said on Monday it would keep liquidity reasonably ample and interest rates reasonable and appropriate, focusing on supporting domestic …
Big U.S. firms adopt cautious tone on China recovery
(Reuters) – Several U.S. companies, including PepsiCo, Qualcomm and Cummins, struck a cautious note on their growth prospects in China, blaming what they said was …
Exclusive-Chevron aims to boost Venezuela oil output to accelerate debt recovery -sources
By Marianna Parraga and Deisy Buitrago HOUSTON/CARACAS (Reuters) – Chevron Corp’s renewed oil operations in Venezuela begin a new phase next month that will boost …
Traffic Stop Leads to Arrest, Recovery of Handgun and Drugs
ATLANTIC CITY, NJ – On Friday, a traffic stop led to the arrest of Jonathan Lopez, a 34-year-old man from Pleasantville, and the recovery of …
Staging partial recovery, Russia’s April car sales leap 170.4% y/y – Autostat
(Reuters) – Car sales in Russia leapt by 170.4% year-on-year in April, analytical agency Autostat said on Thursday, with the country’s bruised car market staging …
Australia central bank surprised by rapid recovery in population growth -official
SYDNEY (Reuters) – Australia’s central bank said on Wednesday that a rapid recovery in population growth was a big surprise for the bank’s economic forecasts, …
UK economy shows signs of recovery despite inflation’s drag
By Suban Abdulla and William Schomberg LONDON (Reuters) -British businesses reported their busiest month in a year and consumers turned more confident, according to surveys …
China may hold lending benchmarks steady as recovery remains on track -analysts
SHANGHAI/SINGAPORE (Reuters) – China is widely expected to stand pat on lending benchmarks at the monthly fixing on Thursday, a Reuters survey showed, as economic …
China says drafting plans to boost recovery, expansion of consumption
BEIJING (Reuters) – China is formulating plans to boost the recovery and expansion of consumption, the state planner’s spokesperson Meng Wei said on Wednesday, signaling …
Feeling poorer: Property slump hurting Chinese consumers, clouds recovery
By Liangping Gao and Marius Zaharia BEIJING/HONG KONG (Reuters) – Liu Baoxiang, who runs a mahjong parlour in a city on China’s rust belt, no …
Analysis-Twitter’s advertising business seen facing slow recovery
By Sheila Dang (Reuters) – Twitter-owner Elon Musk has said advertisers are returning to the social media platform, but statements from several companies and data …
Commercial real estate woes weigh on New York City recovery, NY Fed says
By Michael S. Derby (Reuters) – Ongoing stress in the New York City commercial real estate sector is still creating economic headwinds for the region …
German consumer morale slows down on path to recovery – GfK
BERLIN (Reuters) – German consumer sentiment is set to nudge up in April as energy prices have relented somewhat from record highs, though a full …
Panama’s economic recovery strong, but growth to slow in 2023, IMF says
(Reuters) – Panama’s economic recovery has been “very strong,” but the outlook remains uncertain as growth is projected to slow to 5% this year, the …
China expected to account for 40% of this year’s oil demand recovery
By Rowena Edwards LONDON (Reuters) – China is expected to account for around 40% of the increase in global oil demand this year as its …
Japan’s land prices up at fastest pace since 2008 on gradual econ recovery
By Kaori Kaneko TOKYO (Reuters) – Japan’s land prices rose for a second straight year at the fastest pace since 2008, a government survey showed …
OECD hikes growth outlook, but warns recovery fragile
By Leigh Thomas PARIS (Reuters) – The global economic outlook has improved from a few months ago as the inflation shock eases but rising interest …
China Jan-Feb refinery output up 3.3% on fuel policy, demand recovery
(Reuters) – Chinese refineries processed 3.3% more crude oil in the first two months of 2023 compared with a year earlier, data showed on Wednesday, …
Canadian $ forecasts stay upbeat as analysts eye global recovery: Reuters poll
By Fergal Smith TORONTO (Reuters) – Analysts are sticking to their forecasts for a stronger Canadian dollar over the coming year, expecting an improved global …
Euro zone recovery gathers pace, allays fears of recession-PMI
LONDON (Reuters) – The recovery in euro zone business activity gathered pace last month as growth accelerated in the bloc’s dominant services industry, a survey …
US Senator Fetterman remains on path to recovery, his office says
By Kanishka Singh WASHINGTON (Reuters) – Democratic U.S. Senator John Fetterman, who flipped a Republican-held seat in last November’s midterm elections, is doing well and …
China’s consumer market shows ‘strong’ recovery in January – commerce ministry
BEIJING (Reuters) – China’s consumer market recovery was “strong” in January, the commerce ministry said on Thursday, in one of its first optimistic assessments of …
SkyBridge launches $50 million recovery fund – email to investors
NEW YORK (Reuters) – SkyBridge Capital is launching a new fund to acquire holdings in 10-15 companies from distressed investors, the investment firm said in …
Japan’s Nikkei seen hitting 30,000 by end of 2023 on economic recovery: Reuters poll
By Junko Fujita TOKYO (Reuters) – Japan’s Nikkei 225 share index will hit the psychological 30,000 level by end-2023 on a better domestic corporate and …
Bank of Korea: benefits from China’s recovery to be less than in past
SEOUL (Reuters) – South Korea’s central bank said the economy would benefit from the end of China’s zero-COVID policy, thanks to strengthened exports and tourism, …
Cyclone death toll in New Zealand rises to nine as recovery continues
SYDNEY (Reuters) -The death toll from Cyclone Gabrielle in New Zealand rose to nine on Saturday as the clean-up continued on the battered North Island …
Morgan Stanley lifts Ghana Eurobond ‘recovery’ value to $46 from $41
JOHANNESBURG (Reuters) -Investment bank Morgan Stanley has lifted the average “recovery value” for Ghana’s defaulted dollar-denominated government bonds to $46 from a previous forecast of …
China set to leave lending benchmarks unchanged as economic recovery seen on track
SHANGHAI (Reuters) – China is widely expected to leave its benchmark lending rates unchanged at the monthly fixing on Monday, a Reuters survey showed, as …
Rural recovery may drive next bout of India inflation, HSBC economists
MUMBAI (Reuters) – The Indian economy could see another bout of inflation as the rural demand revives and the informal sector recovers from the pandemic-lows, …
Disaster Relief Consultant Pleads Guilty To Fraud In Connection With New York City’s Hurricane Sandy Recovery Efforts
Damian Williams, the United States Attorney for the Southern District of New York, and Jocelyn E. Strauber, the Commissioner of the New York City Department …
Biden thanks White House’s Deese for helping steer economic recovery
By Steve Holland and Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden on Thursday credited Brian Deese, his outgoing top White House economic adviser, …
Chinese investors pivot to stocks from bonds on recovery hopes – funds report
SHANGHAI (Reuters) – Chinese investors are starting to shift money from bonds to stocks, betting on a robust recovery for riskier assets as the government’s …
World Bank approves $600 million loan to support Philippines’ recovery, financial sector
MANILA (Reuters) – The World Bank said on Tuesday it has approved a $600 million loan to support the Philippines’ economic recovery and efforts to …
Elevator-maker Kone to axe 1,000 jobs, sees recovery in Asia
By Anne Kauranen HELSINKI (Reuters) – Finnish elevator-maker Kone said on Thursday it would slash up to 1,000 jobs globally to cut costs and it …
Italy’s pandemic recovery plan must halt demographic “tsunami” in south – ISTAT
(Reuters) – Italy’s south is on track for a “demographic tsunami” if it fails to capitalise on European Union pandemic recovery funds to bridge the …