Euro zone factory activity takes turn for the worse in April, PMI survey shows
The downturn in manufacturing activity across the euro zone deepened in April due to crumbling demand despite factories cutting prices,…
Divers Recover Fifth Body From Wreckage of Baltimore’s Key Bridge
Divers have recovered a fifth body from the wreckage of the Francis Key Bridge, bringing the number of missing people…
Softer US activity numbers will do little to temper the Fed’s hawkishness
Manufacturing and construction activity remain subdued Ahead of today’s Federal Reserve FOMC meeting we have had some fairly subdued US…
Crack in Tanker’s Hull Causes Largest Oil Spill in Ceuta Port History
Spanish authorities at the port of Ceuta on the southern side of the Strait of Gibraltar declared contained what they…
German economy skirts recession, helped by construction and exports
The German economy skirted a recession at the start of the year, growing more than expected thanks to the construction…
ECB should start cutting rates in June if inflation keeps falling, De Cos says
The European Central Bank should start cutting interest rates in June if inflation continues its gradual decline as expected, European…
More Fed officials ready to say goodbye to low-rate world
A growing number of Federal Reserve officials don’t see a return to the ultra-low interest rates that prevailed before the…
Fed holds policy steady: rate hikes remain “unlikely” despite lack of inflation progress
The Federal Reserve left its policy rate unchanged and argued its policy stance is “in a good place”, but officials…
US manufacturing sector regresses in April; prices paid near two-year high
U.S. manufacturing contracted in April amid a decline in orders after briefly expanding in the prior month, while a measure…
China’s April manufacturing PMI moderated to 50.4 but still points to expansion for a second consecutive month
As expected, the April manufacturing PMI of 50.4 showed a slight moderation from March’s strong 50.8 read, but remained in…