June 2024 – Page 52 – UAG Trade Asia

Walmart to Pay US Hourly Store Workers Bonuses

June 5, 2024
Business
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June 5 Reuters Walmart will pay bonuses to its U.S. hourly store workers, including those at its pharmacy and Vision Center stores, the retailer said on Wednesday, in a move that could boost wages for 700,000 frontline staff. Both parttime and fulltime associates will be eligible for the annual bonus program, the idea for which came […]

June 5, 2024
Business
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TAIPEI, June 5 Reuters Taiwan39;s Foxconn, the world39;s largest contract electronics maker and Apple39;s biggest iPhone assembler, reported on Wednesday revenue for May rose 22.1 yearonyear, a record high for the month. It said in a statement that its original outlook for the second quarter was for both quarteronquarter and yearonyear growth Due to higherthanexpected demand […]

June 5, 2024
Politics
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SINGAPORE, June 5 Reuters India39;s closerthanexpected election should increase the prospect of productive reforms, the country39;s chief economic adviser said on Wednesday, while the fundamental drivers of growth remain largely independent of government policy. Voters returned Prime Minister Narendra Modi for a third term but with a reduced margin that has left his Hindu nationalist party needing […]

June 5, 2024
Finance
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Policy makers are acting to simultaneously stabilize China’s property market, reinvigorate struggling financial markets and develop global leadership in areas including technology, autos, planes and energy transition.

June 5, 2024
Oil
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LONDON, June 5 Reuters Oil prices hovered near fourmonth lows on Wednesday on an expected supply boost later in the year when OPEC begins to unwind some output cuts, with markets also digesting U.S. jobs data and higher oil stocks. Brent crude futures were up 26 cents, or 0.3, at 77.78 a barrel by 0825 […]

FTSE 100, DAX 40 and S&P 500 recover from their recent lows

Outlook on FTSE 100, DAX 40 and S&P 500 ahead of probable 25 bps ECB rate cut.

June 5, 2024
Uncategorized
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Real wages fall 0.7 but the pace of decline slows Analysts anticipate real wages to turn positive this fiscal year Wages trend key to normalisation of BOJ monetary policy TOKYO, June 5 Reuters Japan39;s inflationadjusted real wages fell in April from a year earlier but slowed the pace of decline as the Bank of Japan […]

June 5, 2024
Uncategorized
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TOKYO, June 5 Reuters Japan39;s service activity extended robust gains in May, a private sector survey showed on Wednesday, amid persistent inflationary pressures that have boosted expectations for another interest rate hike this year. The final au Jibun Bank Service purchasing managers39; index PMI dipped to 53.8 last month from 54.3 in April. The index […]

June 5, 2024
Uncategorized
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BENGALURU, June 5 Reuters Growth in India39;s services activity growth slowed to a fivemonth low in May as robust domestic demand weakened, according to a survey, which also showed exports growing at a record pace and job creation rising to a 21month high. The final HSBC India Services purchasing managers39; index, compiled by SP Global, […]

June 5, 2024
Uncategorized
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BEIJING, June 5 Reuters China39;s services activity in May accelerated at the quickest pace in 10 months while staffing levels expanded for the first time since January, a private sector survey showed on Wednesday, pointing to sustained recovery in the second quarter. The CaixinSP Global services purchasing managers39; index PMI rose to 54.0 from 52.5 […]

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Walmart to Pay US Hourly Store Workers Bonuses

Foxconn says May Revenue Climbs 22 yy, Raises Outlook

Tight Election to Promote Reform India Economic Adviser

China briefing 2024: Balancing recovery now with investment for future

Oil near 4Month Low on OPEC Supply Outlook and US Stocks

FTSE 100, DAX 40 and S&P 500 recover from their recent lows

Japan Real Wages Down for 25th Month in Row but Improving Steadily

Japans Service Activity Extends Gains, Price Pressures Persist, PMI

Indias May Services Growth Cools to FiveMonth Low, PMI

Chinas Robust Services Activity Drives Up Employment, Caixin PMI

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