* European stocks kick off June with strong gains * USD hits 11-week low against major currencies * U.S. stock futures under pressure, down 0.2% * Graphic: World FX rates […]
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Moody's downgrades India's ratings to Baa3
June 1 (Reuters) – Moody’s downgraded India’s ratings to Baa3 from Baa2 on Monday, saying that the country’s policymaking institutions will be challenged to mitigate the risks of a prolonged […]
Read moreUPDATE 1-UK's Sunak tells street traders: "It'll get busier"
(Adds quotes) LONDON, June 1 (Reuters) – British finance minister Rishi Sunak told traders at a London street market on Monday that business would pick up in coming days as […]
Read moreUPDATE 1-Little respite for UK factories as calls for "radical" action grow
* May final manufacturing PMI 40.7 in April vs 32.6 in May * Any recovery likely to be slow – IHS Markit * MakeUK industry group seeks more government help […]
Read moreWorst may be over for eurozone factories, recovery to be slow: PMI
LONDON (REUTERS) – Euro zone manufacturers appear to have passed their nadir, a survey showed on Monday (June 1), but activity is still contracting sharply as government-imposed lockdowns due to […]
Read moreThailand had no foreign tourists in April after closing borders
BANGKOK (BLOOMBERG) – Thailand received no foreign tourists or related spending in April after closing its borders and banning most incoming international flights to fight the novel coronavirus outbreak. Visitors […]
Read moreMORNING BID-U.S.-China tensions overshadow end to rip-roaring May
LONDON, May 29 (Reuters) – A look at the day ahead from Tommy Wilkes, senior markets correspondent, EMEA. The views expressed are his own. Nerves ahead of Washington’s response as […]
Read morePrivate equity requests for flexibility may backfire during pandemic
NEW YORK, May 28 (LPC) – The unprecedented coronavirus crisis may have become a headache for private equity sponsors that have pushed for loose lending terms to finance leveraged buyouts […]
Read moreJPMorgan's investment banking head: quarterly revenues tracking 50% up from 2019
NEW YORK, May 27 (Reuters) – JPMorgan Chase & Co’s head of its corporate and investment banking division said second-quarter revenues are on track to be up more than 50% […]
Read moreSingapore services sector saw 1.1% fall in revenue for Q1; recreation and personal services worst hit
SINGAPORE – Businesses in Singapore’s services industries saw a drop in sales for the first quarter of this year, with recreation and personal services taking the biggest hit. Business receipts […]
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