August 2024 – Page 56 – UAG Trade Asia

Japans July Service Activity Rebounds after Dip, PMI Shows

August 5, 2024
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TOKYO, Aug 5 Reuters Japan39;s servicesector activity returned to growth in July thanks to solid domestic demand, a survey showed on Monday, but slow overseas orders and unabated cost pressures continue to squeeze businesses. The final au Jibun Bank Service purchasing managers39; index PMI rose to 53.7 last month, from 49.4 in June, which was […]

August 5, 2024
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At least 2 of 9 members called for early hike, June minutes show Some warned rising costs from weak yen hurting household mood Board debated risk of inflation overshoot at June meeting BOJ kept rates steady in June, hiked at subsequent July meeting TOKYO, Aug 5 Reuters At least two of the Bank of Japan39;s […]

August 5, 2024
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BEIJING, Aug 5Reuters Growth in China39;s services activity accelerated in July helped by new orders, although momentum in overseas demand eased to its slowest pace in 11 months, a privatesector survey showed on Monday. The CaixinSP Global services purchasing managers39; index PMI rose to 52.1 from 51.2 in June, pointing to expansion for the 19th […]

August 5, 2024
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Aug 5 Reuters Activity across Russia39;s services sector returned to growth in July, which firms attributed to stronger demand, creating more new orders and a faster rate of job creation, a business survey showed on Monday. The SP Global Purchasing Managers39; Index for Russian services rose to 51.1 in July, moving back above the 50 […]

August 5, 2024
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JOHANNESBURG, Aug 5 Reuters South African private sector activity remained subdued in July amid weaker sales and increased supplyside pressures, a survey showed on Monday. The SP Global South Africa Purchasing Managers39; Index PMI rose slightly to 49.3 in July from 49.2 in June, but remained below the 50 level which marks growth for the […]

August 5, 2024
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PARIS, Aug 5 Reuters France39;s dominant services sector picked up in July helped by business from the Olympic Games, a survey showed on Monday. The HCOB France final purchasing managers index PMI for the services sector, compiled by SP Global, rose to 50.1 in July from 49.6 in June, broadly in line with the 50.7 […]

August 5, 2024
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BERLIN, Aug 5 Reuters Growth in Germany39;s services sector slowed for the second consecutive month in July, a survey showed on Monday, in a further sign that Europe39;s biggest economy is losing steam. The HCOB final services Purchasing Managers39; Index eased to 52.5 in July from 53.1 in June, although it was slightly above a […]

August 5, 2024
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LONDON, Aug 5 Reuters Growth in euro zone business activity stalled last month as a stuttering expansion in the bloc39;s dominant services industry was compounded by a deeper downturn in the manufacturing sector, a survey showed on Monday. HCOB39;s composite Purchasing Managers39; Index for the currency union, compiled by SP Global and seen as a […]

August 5, 2024
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Aug 2 Reuters Canada39;s Magna International missed analysts39; estimates for secondquarter results, hurt by production being stopped for certain vehicles and lower volumes of automobiles assembled, sending the auto parts supplier39;s shares down about 2. The company, which counts BMW, Mazda and Ferrari as customers, produces parts and builds vehicles at its complete vehicle manufacturing unit for various […]

August 5, 2024
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Aug 5 Reuters L39;Oreal has announced the acquisition of a 10 stake in dermatology solutions provider Galderma Group, the French cosmetics giant said in a statement on Monday. The company acquired the shares from Sunshine SwissCo AG, Abu Dhabi Investment Authority ADIA, and Auba Investment Pte Ltd for an undisclosed sum and the transaction will be […]

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Japans July Service Activity Rebounds after Dip, PMI Shows

BoJ made Hawkish Tilt, Debated Inflation Risk in June, Minutes Show

Chinas Services Activity Expands Further, but External Demand Slows, Caixin PMI

Russian Service Sector Activity Returns to Growth in July, PMI Shows

South Africa Business Activity Contracts again in July, PMI

French Services Sector Picks Up in July as Olympics Kick Off, PMI

Upturn in German Services Activity Loses Momentum in July, PMI Shows

Euro Zone Business Growth at a Standstill, July PMI Shows

Auto Parts Supplier Magnas Quarterly Results Miss on Fewer Vehicle Assemblies

LOreal Acquires 10 Stake in Dermatology Company Galderma

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