China’s factory and service sectors shake off 3 months of lockdown pain

A worker polishes a bicycle steel rim at a sports equipment manufacturing factory in Hangzhou, Zhejiang province, China September 2, 2019. China Daily via REUTERS Join now for FREE unlimited access to Reuters.com Register Factory in China, services PMI above 50 for the first time since February Replay seen as COVID restrictions partially ease GDP … Read more

Global stocks near 2022 lows on inflation fears

LONDON, June 13 (Reuters) – Global stocks fell to fresh 2022 lows and the Japanese yen slipped to levels not seen in nearly a quarter century on Monday as searing U.S. inflation fueled concerns about even more aggressive policy tightening in a big week for central banks. The significantly higher-than-expected U.S. CPI print on Friday … Read more

In the “miracle” city of Shenzhen, fears for China’s economic future

SHENZHEN, China, June 13 (Reuters) – David Fong moved from a poor village in central China to the booming city of Shenzhen in 1997. Over the next 25 years, he worked for a succession of manufacturers strangers before building his own multimillion-dollar company making everything from schoolbags to toothbrushes. Now 47, he plans to expand … Read more

Test makers target monkeypox market as cases rise

Test tubes labeled “Monkeypox virus positive and negative” are seen in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register LONDON, June 3 (Reuters) – Diagnostics companies are racing to develop tests for monkeypox, hoping to tap into a new market as governments step up efforts … Read more

Shanghai aims to return to normal on June 1 as COVID lockdown hits economy

Shanghai aims to lift COVID lockdown on June 1 City residents frustrated with changing schedules China’s retail sales and industrial production plummet in April SHANGHAI/BEIJING, May 16 (Reuters) – Shanghai on Monday outlined plans for ending a painful COVID-19 lockdown that lasted more than six weeks, which has severely battered the Chinese economy, and returning … Read more

Stocks rise, yields edge lower after US inflation data

NEW YORK/MILAN, May 11 (Reuters) – The S&P 500 and Dow Jones gained ground on Wednesday and the dollar index fell after data showed U.S. inflation slowed year-on-year last month, giving investors some hope that the price surges will peak. US equity futures initially lost ground after underlying inflation, excluding items such as oil prices, … Read more

Dollar Rising in Choppy Trade as Inflation Data Watched

U.S. dollar banknotes are displayed in this illustration taken February 14, 2022. REUTERS/Dado Ruvic Join now for FREE unlimited access to Reuters.com Register NEW YORK, May 10 (Reuters) – The dollar rose on Tuesday, after fluctuating between modest gains and declines earlier in the session as it held on to a nearly two-decade high ahead … Read more

Europe turns into cocaine hub as multi-billion euro market grows, says EU

A worker pushes a trolley containing cocaine before the incineration of more than nine tons of cocaine seized in different operations, according to the Ecuadorian Interior Ministry, at a warehouse in an undisclosed location in Ecuador on April 21 2022. REUTERS/Karen Toro/File Photo Join now for FREE unlimited access to Reuters.com Register The European cocaine … Read more

US manufacturing slows further; factory workers quit

An employee works on an assembly line at the electric vehicle factory of startup Rivian Automotive in Normal, Illinois, U.S., April 11, 2022. Picture taken April 11, 2022. REUTERS/Kamil Krzaczynski Join now for FREE unlimited access to Reuters.com Register ISM manufacturing index drops to 55.4 in March Manufacturers report rise in workers quitting Mixed signals … Read more

Hope fades for Japan’s ‘revenge spending’ mania as inflation looms

People wearing protective face masks, amid the coronavirus disease (COVID-19) outbreak, walk to a shopping district in Tokyo, Japan, March 16, 2022. REUTERS/Kim Kyung-Hoon Join now for FREE unlimited access to Reuters.com Register TOKYO, May 2 (Reuters) – Japanese mother-of-three Maiko Takahashi has never been one to pinch pennies or accept gifts for her children, … Read more