June 2024 – Page 7 – UAG Trade Asia

Chinas Industrial Profits Growth Slows Sharply in May

June 27, 2024
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China May industrial profits 0.7 yy vs 4 in April Soft domestic demand crimps business activity Slow profits growth highlights broad economic struggles BEIJING, June 27 Reuters China39;s industrial profits rose at a sharply slower pace in May, official data showed on Thursday, underlining the struggles faced by the world39;s secondlargest economy as weak domestic […]

June 27, 2024
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Exports forecast at 6.3 yy in June vs 11.5 in May Strong chip sales and U.S. demand, but unfavourable calendar effects Growth rates to slow in H2, but rebound in nonU.S. regions to support economists SEOUL, June 27 Reuters South Korea39;s exports are expected to have risen for a ninth consecutive month in June, with […]

June 27, 2024
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June 25 Reuters For investors in France, a leftwing alliance could be a bigger risk than a farright leadership, some analysts say. President Emmanuel Macron39;s shock decision to call parliamentary elections this month and Marine Le Pen39;s farright National Rally RN leading the polls have exacerbated concerns about France39;s fiscal sustainability. The spread French debt […]

June 26, 2024
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BEIJING, June 26 Reuters China39;s capital city Beijing announced steps on Wednesday to reduce the cost of buying a home, including cutting mortgage interest rates and the minimum downpayment ratio, to try to boost the local property market. The moves, announced in a local government statement, come after the central bank issued new guidelines on reducing minimum […]

June 26, 2024
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TOKYO, June 26 Reuters Japanese authorities were seriously concerned and on high alert about the yen39;s rapid decline, said the country39;s top currency diplomat Masato Kanda, escalating warnings as the currency languished at its weakest level in almost 40 years. It is generally accepted that the current weakness in the yen is not necessarily justified, […]

June 26, 2024
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WASHINGTON, June 26 Reuters Sales of new U.S. singlefamily homes dropped to a sixmonth low in May as a jump in mortgage rates weighed on demand, offering more evidence that the housing market recovery was faltering. New home sales declined 11.3 to a seasonally adjusted annual rate of 619,000 units last month, the lowest level […]

June 26, 2024
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June 26 Reuters Euro zone government bond yields rose on Wednesday as investors awaited inflation data from the United States and some members of the bloc due on Friday, and the first round of a French legislative election over the weekend. The French debt risk premium remained within striking distance of its sevenyear high, hit […]

June 26, 2024
Business
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AMSTERDAM, June 26 Reuters Philips shares were up more than 2.5 Wednesday in the wake of a U.S. Securities and Exchange Commission SEC filing showing Exor, the investment arm of Italy39;s Agnelli family, has increased its stake in the Dutch healthcare technology group. According to that Tuesday SEC filing, Exor now owns 17.51 of Philips, up […]

June 26, 2024
Business
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LONDON, June 26 Reuters Private equity giant Blackstone has agreed to buy British hotel operator Village Hotels, the company said on Wednesday, part of a wider investor push into the hospitality sector as it outperforms the broader commercial property market. Blackstone said in a statement that funds managed by the firm had completed an acquisition of […]

June 26, 2024
Business
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HONG KONG, June 26 Reuters A liquidation case against Chinese property developer Shimao Group has been adjourned to July 31 as it has again extended a deadline for creditors in relation to a debt restructuring plan, the company said in a filing on Wednesday. The adjournment was made by a Hong Kong court following a consensual […]

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Chinas Industrial Profits Growth Slows Sharply in May

S.Koreas Exports to Rise for 9th Month on Chip, US Demand Poll

Markets Wake Up to LeftWing French Election Risk

Beijing City Cuts Home Buying Costs to Boost Demand

Japan Authorities on High Alert Against Rapid Yen Decline, says Top Currency Diplomat

US new Home Sales Hit SixMonth Low in May

Euro Zone Yields Edge Up before Inflation Data, Caution over France

Philips Shares Up 2.5 after Agnelli FamilyOwned Exor Increases Stake

Blackstone Snaps Up UK Hotel Operator Village Hotels

Chinese Developer Shimaos Liquidation Hearing Adjourned to July 31

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