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Japan's services activity stagnates in May as costs surge, PMI shows
Japan's services activity stagnates in May as costs surge, PMI shows TOKYO, June 3 : Japan's services sector ground to a halt in May after more than a year of expansion, as surging costs linked to the Middle East war dampened service demand and led to a 12-year high in output price inflation, a private survey showed on Tuesday. • The S&P Global final Japan Services Purchasing Managers' Index (PMI) fell to 50.0 in May from 51.0 in April, marking the end of a 13-month expansion streak....
Google must give UK publishers choice to block AI search summaries, says competition watchdog – business live
Rolling coverage of the latest economic and financial newsGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The UK’s competition watchdog has announced that web publishers and news organisations will now be able to opt out of AI overviews of Google search results. With features like AI Overviews rapidly reshaping online search, it is crucial that content publishers, including news organisations, have appropriate bargaining power over...
Dalal Street outlook: What will guide market sentiments this week?
Dalal Street is set for a busy week as investors will be tracking domestic and global developments. The RBI's interest rate decision, key economic data releases, crude oil prices and the evolving US-Iran situation are expected to be the main factors driving market sentiment. Market participants will also keep a close watch on macroeconomic indicators, foreign investor activity and movements in the rupee against the US dollar for cues on the near-term outlook for equities.
UK Exchange newsletter: English football — in a league of its own?
This report is from this week's CNBC's UK Exchange newsletter. You can subscribe here. The dispatch As Martin Odegaard, Arsenal's captain, lifted the Premier League trophy at Crystal Palace's Selhurst Park ground in south London on May 24, one could be forgiven for thinking all is well with English football (or soccer...).
CNBC's The China Connection newsletter: China learns to build without Nvidia
Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a succinct snapshot of what I'm seeing and hearing from local businesses. China's tech self-sufficiency push is rapidly becoming a reality as companies focus on business questions that run deeper than geopolitics.
Asian stocks slide on flare-up in Middle East fighting, oil eases off highs
Asian stocks slide on flare-up in Middle East fighting, oil eases off highs "Financial markets shifted back into a risk-off mode as the US and Iran exchanged fire again," analysts from Westpac wrote in a research report. SINGAPORE: Asian stocks fell on Thursday (Jun 4) as renewed fighting between the US and Iran rattled investors, although oil slipped from recent highs after Israel and Lebanon agreed to a ceasefire. MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.5 per...
Here are the 4 big things we're watching in the stock market in the week ahead
Earnings season isn't over just yet. Plus, there are plenty of other important updates coming our way this week, from influential tech conferences to jobs data and spin-off milestones. Let's dive into it all.
BJP counters Rahul's 'economic tsunami' warning amid Iran war: 'Stop selling panic'
NEW DELHI: Bharatiya Janata Party (BJP) on Thursday put up a strong counter against Rahul Gandhi's warning of an "economic tsunami" for India, dismissing it as "classic fear-mongering." The Lok Sabha leader of opposition had raised concerns over the escalating situation in the Middle East and its potential impact on India. Responding sharply, BJP IT cell chief Amit Malviya rejected Rahul's claims and argued that India is well-positioned to withstand any economic fallout from the Iran war.
China's May factory activity flat as weak demand slows growth
China's May factory activity flat as weak demand slows growth BEIJING: China's factory activity was flat in May after two months of expansion, official data showed Sunday (May 31), as weaker demand and rising energy costs due to the Middle East war weighed on growth. The manufacturing purchasing manager's index - a key measure of industrial activity - was 50.0 in May, according to the National Bureau of Statistics (NBS). The 50.0 mark separates expansion from contraction.
China’s factory activity beats forecasts in May, private survey shows, despite softer official data
BEIJING — China's factory activity expanded in May, a private survey showed Monday, beating expectations, although growth slowed from the previous month . The RatingDog China General Manufacturing Purchasing Managers' Index, compiled by S&P Global, came in at 51.8, a touch above the 51.6 expected in a Reuters poll. The reading was down from April's 52.2, indicating a slower pace of improvement in manufacturing conditions.