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UK factories suffer worst month since May 2020 as economy stumbles – PMI
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London stocks fall 1% on weak global growth outlook
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Australia’s property downturn puts home buyers in double mortgage bind
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Boeing expects MAX 7 to be certified before MAX 10 – executive
After long drought, China plots ambitious water infrastructure push
Date: September 1, 2022
By David Stanway SHANGHAI (Reuters) – After a record heatwave parched large areas of the Yangtze basin, Chinese provinces are planning to spend billions of dollars on new water infrastructure as they try to fend off the growing impact of extreme weather on agriculture and hydropower. The prolonged drought in southwest China has exposed the...
Volkswagen’s Mexico factory workers reject union pay deal
Date: September 1, 2022
MEXICO CITY (Reuters) – Volkswagen workers at its main Mexico factory rejected a deal for a 9% pay hike, an official statement said, voting for a second time against what would have been the country’s largest salary raise by an auto maker in recent years. The union for workers at the plant in Puebla, in...
Standard Chartered rolls out digital bank in hot Singapore market
Date: September 1, 2022
SINGAPORE (Reuters) – Standard Chartered and FairPrice Group on Thursday rolled out their digital bank focusing on Singapore’s retail segment, a move that comes on the heels of digital bank launches by GXS Bank and China’s Ant Group in the affluent city-state. The companies unveiled Trust Bank – owned 60% by the London-headquartered lender and...
UK house prices speed up but slowdown coming, Nationwide says
Date: September 1, 2022
LONDON (Reuters) – British house prices rose at a faster monthly pace in August than in July but the market is set to cool as surging energy prices hit households and the Bank of England pushes up interest rates, mortgage lender Nationwide said on Thursday. House prices last month were 0.8% higher than in July...
Marketmind: Moment in the sun
Date: September 1, 2022
A look at the day ahead in European and global markets from Tom Westbrook Summer may be finished, but the hot sun is helping energy prices off eye-watering highs. Benchmark German year-ahead power prices have collapsed 35% this week, helped by solar supply and ebbing gas costs. As Rabobank’s Michael Every put it, that brings...
Accelerating innovation through software-led managed services
Date: September 1, 2022
Sponsored Feature Presented by Finastra By Neil Budd, VP, Head of Managed Services, Finastra According to industry analyst IDC, 71% of financial institutions say their spend on managed services will increase by 20% or more in 2022. This, the analyst notes, indicates a continuing shift to look for partners to operate banking workloads and environments,...