Top Stories
Top Stories
HSBC lifts FTSE 100 to fresh June highs, Quilter surges on takeover chatter
Top Stories
European shares rise as banks, HSBC offset weak data
Top Stories
‘Living with COVID’: Where the pandemic could go next
Top Stories
China’s Alibaba strives to keep New York listing amid audit dispute
Greek July factory activity slumps, new orders fall – PMI
Date: August 1, 2022
ATHENS (Reuters) – Greek manufacturing activity declined in July, hit by faster contractions in production and new orders as high inflation took a toll on client demand, a survey showed on Monday. S&P Global’s Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about 10% of the Greek economy, fell to 49.1 in July from...
British PM candidate Sunak vows 20% income tax cut by 2029
Date: August 1, 2022
LONDON (Reuters) -Rishi Sunak, trailing in the race to become Britain’s next prime minister, has vowed to slash the basic rate of income tax by 20% by 2029 in a potentially make-or-break throw of the dice by the former finance minister. Sunak, once seen as the favourite to replace Boris Johnson when he helped to...
Spanish July factory activity contracts most since 2020 lockdown-PMI
Date: August 1, 2022
MADRID (Reuters) – Factory activity in Spain contracted in July for the first time in a year and a half as inflationary pressures and macroeconomic uncertainty weighed on demand, a survey showed on Monday. S&P Global’s Purchasing Managers’ Index (PMI) for manufacturing fell to 48.7 in July, down from 52.6 in June, according to the...
China’s Nio to make power products for Europe at its first overseas plant
Date: August 1, 2022
SHANGHAI (Reuters) -Chinese electric car maker Nio plans to open its first overseas plant in September to make power products for the European market as it accelerates expansion abroad. The plant, in Pest, Hungary, will develop and manufacture power products such as battery-swapping stations to serve European users, Nio said in a statement late on...
Polish manufacturing slump deepens as output plunges -PMI
Date: August 1, 2022
WARSAW (Reuters) – The downturn in Polish manufacturing accelerated in July, a survey showed on Monday, as output and new orders fell sharply due to an uncertain economic outlook and high inflation. S&P Global’s Polish Manufacturing Purchasing Managers’ Index (PMI) fell to 42.1 in July from 44.4 in June, below the 50.0 line that separates...
Hungary’s July PMI rises to 57.8 from 57.0 in June -publisher
Date: August 1, 2022
BUDAPEST (Reuters) – Hungary’s seasonally-adjusted Purchasing Managers’ Index rose to 57.8 in July from 57.0 in June as most of index components expanded, the Association of Logistics, Purchasing and Inventory Management (MLBKT) said on Monday. It said the July reading came in above the long-term monthly average of 52.3 and also exceeded an average reading...