Economic News
- Reuters
LONDON (Reuters) – Activity at struggling factories across the euro zone fell further last month as consumers feeling the pinch from rising living costs cut back, according to a survey which did show the cost of manufacturing fell for the first time since mid-2020.
- Reuters
SEOUL (Reuters) – The navies of South Korea, the U.S. and Japan will hold two days of anti-submarine exercises starting Monday to better counter North Korea’s evolving nuclear and missile capabilities, South Korea’s defence ministry said.
- Reuters
BEIJING(Reuters) – China’s factory activity growth stalled in March, weighed by slowing production and weaker global demand and adding to uncertainty about a post-COVID recovery, a private sector survey showed on Monday.
- Reuters
BEIJING (Reuters) – China’s top lenders should enhance risk management practices and be more sensitive to macroeconomic fluctuations, senior Chinese banking officials said, in response to a global banking sector crisis that has roiled financial markets.
- Reuters
BERLIN (Reuters) – German manufacturing activity shrank in March at the fastest pace in almost three years, a survey showed on Monday.
- Reuters
TOKYO (Reuters) – Japan’s Prime Minister Fumio Kishida said on Monday the government will continue to strongly demand Beijing for an early release and consular visits for an Astellas Pharma employee detained in China.
- Reuters
MILAN (Reuters) – UniCredit will kick off on Monday the first tranche of a share repurchase programme which received supervisory approval last week, a key part of Chief Executive Andrea Orcel’s plans to boost the bank’s share price.
- Reuters
(Reuters) – German specialty chemicals producer Evonik on Monday announced the restructuring of its pet food unit, including cost savings of 200 million euros ($216.50 million) from 2025 onwards and around 200 job cuts worldwide.
- Reuters
(Reuters) – Ukraine’s President Volodymyr Zelenskiy is expected to visit Poland on April 5, the Polish president’s foreign affairs adviser Marcin Przydacz said on Monday.
- Reuters
By Stefano Bernabei MONTE CIMONE, Italy (Reuters) – Monte Cimone, a popular ski resort in Italy’s Apennine Mountains, invested 5 million euros in artificial snowmaking before the winter season in an attempt to stave off the impact of global warming. The money was largely wasted.
- Reuters
By Steven Scheer JERUSALEM (Reuters) – After weathering recession and military conflicts, Israel’s high-tech sector could be facing its biggest test yet as the collapse of Silicon Valley Bank (SVB) removes a key funding source and a proposed judicial overhaul threatens the bedrock of corporate law.
- Reuters
VLADIVOSTOK, Russia (Reuters) – A magnitude 6.9 earthquake struck off the far eastern coast of Russia on Monday, but Russia’s emergency ministry said there had been no tsunami and no immediate casualties or destruction.
- Reuters
By Xie Yu HONG KONG (Reuters) – Boutique investment bank China Renaissance Holdings said it would delay its audited annual results and suspend its stock trading from Monday, after mainland authorities took away its chairman, Bao Fan, to co-operate with an investigation.
- Reuters
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – Japan’s business sentiment soured in January-March to hit the worst level in more than two years, a closely-watched central bank survey showed on Monday, as slowing global growth clouds the outlook for the export-reliant economy.
- Reuters
CAIRO (Reuters) – Egyptian President Abdel Fattah al-Sisi is travelling to Saudi Arabia on Sunday, according to three diplomatic sources, as Cairo continues to seek financial inflows to ease pressure on its currency and bolster a faltering economy.
- Reuters
BEIJING (Reuters) – China’s new home sales rose sharply in March, as a slew of support policies boosted a pickup in demand across the board in 14 surveyed cities, a private survey showed on Monday.
- Reuters
ZURICH (Reuters) – Julius Baer is having “constructive discussions” with Credit Suisse staff who are looking to leave following their bank’s takeover by UBS, the Swiss private bank’s Chief Executive said in an interview on Monday.
- Reuters
By Alasdair Pal MELBOURNE (Reuters) – Yunupingu, one of Australia’s most influential Indigenous leaders has died aged 74, his family said on Monday, months before a referendum on whether to recognise the community for the first time in the country’s constitution.
- Reuters
JAKARTA (Reuters) – Indonesia has lowered its value-add tax on battery-based electric vehicle sales to 1% from 11% to encourage the adoption of EVs, a government ministry said on Monday, amid efforts to attract investment into domestic production,
- Reuters
By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole.