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Credit Suisse has paid back government-backed liquidity
ZURICH (Reuters) - Credit Suisse has repaid the liquidity it borrowed from a 100 billion Swiss franc ($112.50 billion) lifeline backed by government guarantees, Swiss Finance Minister Karin Keller-Sut...
Syndicated Content Jun 01, 2023
Exclusive-Southeast Asian tech giant Sea disbands investment arm -sources
By Kane Wu and Fanny Potkin HONG KONG/SINGAPORE (Reuters) - Southeast Asian e-commerce and gaming giant Sea Ltd is winding down its investment arm, two people with knowledge of the matter said, amid a...
Syndicated Content Jun 01, 2023
Euro zone factory downturn deepens in May despite price cuts
LONDON (Reuters) - The downturn in euro zone manufacturing activity deepened in May as demand slumped despite factories cutting prices for the first time since September 2020, according to a survey wh...
Syndicated Content Jun 01, 2023
German manufacturing shrinks at fastest in 3 years in May -PMI
BERLIN (Reuters) - Germany's manufacturing sector contracted at the fastest rate in three years in May and output fell for the first time in four months, a survey showed on Thursday. The HCOB final Pu...
Syndicated Content Jun 01, 2023
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 amid a weak post-COVID recovery, as despon...
Syndicated Content Jun 01, 2023
ECB nearing end of tightening cycle but final stretch remains, De Guindos says
MADRID (Reuters) - The European Central Bank (ECB) has gone through most of its monetary policy tightening to bring inflation back to its medium-term target of 2%, though the cycle is not quite over y...
Syndicated Content Jun 01, 2023
As Nikkei soars, Japanese investors rush for the exits
By Junko Fujita and Ankur Banerjee TOKYO/SINGAPORE (Reuters) - As foreigners pile into Japan's steepest stock market rally in years, local investors have been furiously cashing out or even betting aga...
Syndicated Content Jun 01, 2023
China’s Henan plans ‘zero-dyanamic’ end to youth unemployment
By Farah Master HONG KONG (Reuters) - China's Henan province has unveiled a 100-day plan to "dynamically clear" youth unemployment as concern grows over record levels of joblessness among young adults...
Syndicated Content Jun 01, 2023
Major central banks renew rate hike push in May
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) - The pace of interest rate hikes across major central banks showed little sign of slowing in May but the scale of the tightening tapered off,...
Syndicated Content Jun 01, 2023
Elon Musk met with Chinese Vice Premier Ding in Beijing -source
By Julie Zhu HONG KONG (Reuters) - Tesla Inc CEO Elon Musk met with Chinese Vice Premier Ding Xuexiang on Wednesday afternoon in Beijing, a source familiar with the matter said. The source declined to...
Syndicated Content Jun 01, 2023
Peoria, IL, USA
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