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UK Manufacturing Shrinks Most Since May 2020

The British manufacturing downturn deepened in August and was the steepest in more than three years as output and new orders fell at faster rates amid the weak market conditions both domestically and internationally, survey results from S&P Global revealed Friday.
RTTNews | 1119 hari yang lalu
UAW Files With NLRB Regarding Unfair Labor Practice Of GM, Stellantis

UAW Files With NLRB Regarding Unfair Labor Practice Of GM, Stellantis

The United Auto Workers or UAW union has filed unfair labor practice charges against General Motors and Stellantis, parent of Chrysler, with the National Labor Relations Board. During a Facebook Live, UAW President Shawn Fain said the automakers refused to respond to the union's demands in good faith or in a timely manner. Meanwhile, the union did not file a complaint against Ford Motor.
RTTNews | 1119 hari yang lalu
China Unveils More Stimulus Measures

China Unveils More Stimulus Measures

China's central bank lowered the amount of foreign exchange that banks maintain as reserves, in an attempt to combat the weakness of the yuan, after unveiling measures to revive the property market this week. Also on Friday, major banks in China lowered the interest rates on yuan deposits of various maturities by 10-20 basis points.
RTTNews | 1119 hari yang lalu
Pound Rebounds As European Shares Edge Up

Pound Rebounds As European Shares Edge Up

The pound recovered against its major counterparts in the European session on Friday amid risk appetite, as investors cheered signs of more stimulus from Beijing and data showing that the downturn in euro zone manufacturing eased last month.
RTTNews | 1119 hari yang lalu
Olin President, CEO And Chairman Scott Sutton To Step Down

Olin President, CEO And Chairman Scott Sutton To Step Down

Olin Corp. (OLN) announced Friday a mutual agreement that Scott Sutton will step down as President, Chief Executive Officer, and Chairman of the Board in the first half of 2024. Sutton will continue as Executive Chairman of the Board until his departure to facilitate a smooth transition.
RTTNews | 1119 hari yang lalu
Eurozone Manufacturing Sector Mired In Recession

Eurozone Manufacturing Sector Mired In Recession

Euro area factory activity extended its downward trend midway through the third quarter as production came under pressure due to rapidly weakening demand and an accelerated depletion of backlogs, results of the purchasing managers' survey compiled by S&P Global showed on Friday.
RTTNews | 1119 hari yang lalu
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Sensex, Nifty Rally On Upbeat Macro Data

Sensex, Nifty Rally On Upbeat Macro Data

Indian shares rallied on Friday, with positive global cues along with encouraging Q1 GDP, core sector output and manufacturing PMI data bolstering sentiment.
RTTNews | 1119 hari yang lalu
Asian Shares Mixed Ahead Of US Jobs Data

Asian Shares Mixed Ahead Of US Jobs Data

Asian stocks ended mixed on Friday as investors waited to take cues from the all-important U.S. jobs data due later in the day, expected to show that job additions slowed to 170,000 last month.
RTTNews | 1119 hari yang lalu
UK House Prices Log Biggest Fall Since 2009

UK House Prices Log Biggest Fall Since 2009

UK house prices declined at the fastest pace in more than 14 years in August as rising borrowing costs continue to dampen housing market activity, data published by the Nationwide Building Society showed on Friday. House prices posted an annual decline of 5.3 percent after easing 3.8 percent in July. This was the biggest fall since July 2009.
RTTNews | 1119 hari yang lalu

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