SYDNEY, June 1 Reuters Australian business investment rose to a sevenyear high in the first quarter, helped by a jump in spending on mining, manufacturing and transport, while firms affirmed plans for solid spending in the year ahead. Data from the Australian Bureau of Statistics on Thursday showed private capital spending climbed a real 2.4 […]

BRASILIA, June 1 Reuters Brazil posted a 11.4 billion trade surplus in May, marking a record for any given month since the data series began in 1989, official data showed on Thursday. The figure also came above the 9 billion surplus expected in a Reuters poll with economists, backed by a surge in the volume […]

Nonfarm payrolls forecast to have increased 190,000 in May Unemployment rate expected to rise to 3.5 from 3.4 Average hourly earnings seen gaining 0.3; up 4.4 yy WASHINGTON, June 2 Reuters U.S. job growth likely slowed in May, with wages coming off the boil, potentially allowing the Federal Reserve to skip an interest rate hike […]

SYDNEY, June 2 Reuters Australia will raise the minimum wage by 5.75 from July 1 as families grapple with soaring living costs, a decision that businesses and some economists say risks further stoking inflation and interest rates. The independent Fair Work Commission FWC on Friday decided on a 5.75 pay rise for workers on awards […]

June 1 Reuters Foreign investors39; selling of Chinese shares gained some momentum in May, as flagging domestic demand and expectations for weak corporate earnings led to steep falls on mainland and Hong Kong stock markets. Refinitiv data shows foreigners sold 1.71 billion worth of mainland shares this month via Stock Connect, a key crossborder link […]

LONDON, June 1 Reuters Britain39;s manufacturing output fell for a third month in a row in May and new orders declined at the fastest pace in four, but there were signs that the worst of the inflation surge may have passed, an industry survey showed on Thursday. The final reading of the SP GlobalCIPS UK […]

LONDON, June 1 Reuters British businesses expect to raise both output prices and wages at a slower pace over the coming year than they did a month ago, according to a Bank of England survey released on Thursday which may ease policymakers39; fears that high inflation will persist. Companies surveyed in May intended to raise […]

Italy PM looking to shore up strategic supply chains New fund can invest in Italian headquartered, listed firms Government eyes Gulf SWFs to support the initiative ROME, June 1 Reuters Italy39;s rightwing government can use a new strategic fund to buy stakes in listed companies outside of the financial sector, according to a draft bill seen by […]

BEIJING, June 1 Reuters China39;s factory activity unexpectedly swung to growth in May from decline, a private sector survey showed on Thursday, driven by improved production and demand, helping struggling firms that have been hit by slumping profits. The CaixinSP Global manufacturing purchasing managers39; index PMI rose to 50.9 in May from 49.5 in April, […]