By Andrea Shalal WASHINGTON (Reuters) -The World Bank on Monday unveiled new methodology and improved safeguards for assessing the business climate in up to 180 countries after embarrassing revelation[...]
Read more
May 1, 2023
Soft China PMI likely to flow through to uneven commodity demand: Russell
By Clyde Russell LAUNCESTON, Australia (Reuters) -The surprise contraction in China’s manufacturing index in April, coming after first quarter growth exceeded expectations, underlines the uneven[...]
Read more
The road to First Republic Bank’s collapse
(Reuters) – JPMorgan Chase & Co is buying most of First Republic Bank’s assets, which had been seized by United States regulators, in a last-ditch rescue for the strained lender, marki[...]
Read more
UK inflation expectations ease as BoE considers next rate hike
LONDON (Reuters) -Inflation expectations in Britain eased in April, bank Citi said on Monday, offering some relief to the Bank of England which is expected to announce a 12th straight interest rate hi[...]
Read more
U.S. Treasury encouraged by First Republic resolution, says banking system remains sound
WASHINGTON (Reuters) -The U.S. Treasury Department is encouraged that First Republic Bank was resolved with the least cost to the Deposit Insurance Fund, and believes the U.S. banking system remains s[...]
Read more
Marketmind-Another one bites the dust
(Reuters) – A look at the day ahead in U.S. and global markets from Amanda Cooper. Just when you thought it was safe to go back into the banking system, First Republic Bank has folded and U.S. r[...]
Read more
Fed report on SVB collapse could buoy shareholder lawsuits
By Jack Queen (Reuters) -A scathing Federal Reserve report on the collapse of Silicon Valley Bank released on Friday could be a boon to shareholders suing the defunct lender’s executives for all[...]
Read more
India April factory activity hits 4-month high on robust demand
By Anant Chandak BENGALURU (Reuters) – India’s factory activity expanded at its quickest pace in four months in April, driven by solid growth in new orders and output, a private survey sho[...]
Read more
Analysis-Inflation, labour crunch prodding Japan’s smaller firms to raise pay
By Tetsushi Kajimoto and Kentaro Sugiyama TOKYO (Reuters) – Rising inflation and an intensifying labour crunch are prodding smaller local Japanese firms to follow their big counterparts in raisi[...]
Read more