Maersk Raises Profit Guidance By $3B, Blanks Asia-Med Sailings
On Monday, AP Moller-Maersk told customers that it would be canceling several sailings due to severe port congestion, and told…
National Strike Shutters Nigeria’s Seaports Indefinitely
Nigeria’s two largest labor unions have launched a nationwide strike, and port workers have joined in the walkout. Following a…
US factory activity slips for a second month in May, ISM says
U.S. manufacturing activity slowed for a second straight month in May as new goods orders dropped by the most in…
UK factories return to growth, prices rise by most in a year, PMI shows
British manufacturers reported a return to growth last month after a long slowdown, according to a survey published on Monday,…
After trial, investors weigh Trump 2.0 factor as election looms
Donald Trump last week became the first former president convicted of a felony, but Wall Street believes he still has…
Don’t expect policy change, French PM says after debt downgrade
France won’t change its fiscal policy, Prime Minister Gabriel Attal said as his government looked set to face two new…
Japan’s Q1 capex rises, suggesting upward revision to poor GDP
Japanese companies raised spending on plant and equipment in January-March, helped by demand for automobiles and labour-saving investment and suggesting…
India’s May factory growth slipped to 3-month low but remained sturdy, PMI shows
India’s manufacturing growth slowed to a three-month low in May as a heatwave prompted some companies to reduce working hours,…
Euro zone manufacturing sees potential signs of recovery in May, PMI shows
The long-running downturn in euro zone manufacturing may have turned a corner last month, according to a survey which showed…
US construction spending slips again in April
U.S. construction spending fell unexpectedly for a second consecutive month in April on declines in non-residential activity, though outlays for…