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FEATURE-As U.S. flooding worsens, South Carolina redraws risk maps
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Singapore’s new trade data sharing platform seeks to stem fraud
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Oil firms on EU’s Russian oil ban and end of Shanghai lockdown
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FTSE 100 slips ahead of long weekend as ex-dividend trades weigh
Russian gas flows to Europe fall after Moscow widens cuts
Date: June 1, 2022
LONDON (Reuters) – Russian gas flows to Europe fell on Wednesday after Moscow widened European cuts and halted Dutch, Danish and German contracts over refusals to accept Moscow’s roubles-for-gas payment scheme. Eastbound gas flows via the Yamal-Europe pipeline from Germany to Poland fell on Wednesday but were in line with nominations, or requests, for gas....
Volkswagen’s race with Tesla will be tight, Diess says
Date: June 1, 2022
BERLIN (Reuters) – Tesla works at twice the industry pace in many processes but still needs to ramp up highly complex factories and find qualified workers to win the electric vehicle race, Volkswagen’s chief executive said on Wednesday. The U.S. carmaker, posing a challenge to German electric vehicle production with its new plant near Berlin,...
French manufacturing activity at seven-month low in May -PMI
Date: June 1, 2022
PARIS (Reuters) – Activity in the French manufacturing sector slowed further last month, reaching a seven-month low, as steep inflation hit new business while continued supply chain and logistics problems slowed production, a survey showed on Wednesday. S&P Global’s manufacturing Purchasing Managers’ Index (PMI) fell to 54.6 in May, down from 55.7 in April but...
Italy May manufacturing growth slows amid shortages, weak demand -PMI
Date: June 1, 2022
ROME (Reuters) -Italy’s manufacturing sector grew at the slowest pace for a year-and-a-half in May, a survey showed on Wednesday, with business hit by material shortages and weak client demand. The S&P Global Purchasing Managers’ Index (PMI) for Italian manufacturing came in at 51.9, down from 54.5 in April but still above the 50 mark...
Backlogs, more staff help German factories against headwinds -PMI
Date: June 1, 2022
BERLIN (Reuters) – German manufacturers slightly increased outputs in May, buoyed by order backlogs, increased staffing and, in some cases, improved materials availability, but a further decline in new orders mean rough seas ahead, a survey found on Wednesday. S&P Global’s final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of...
Denso bullish on business prospects as it tackles chip shortages
Date: June 1, 2022
TOKYO (Reuters) – Denso Corp, Japan’s largest auto supplier, was bullish about its prospects in a business presentation on Wednesday as demand for automotive chips expands and it tackles semiconductor shortages that have frustrated Toyota Motor Corp, its biggest shareholder and customer. Chief Technology Officer Yoshifumi Kato said Denso expects demand for auto chips to...