International News
Depth of economic recession and geopolitical risks are key for 2H outlook, BofA says
Bank of America strategists' contrarian stock market timing models continued to flash 'buy' across the latest week, but risks were not absent.
China's manufacturing sector expands in June - Caixin
Activity in China’s manufacturing sector expanded in June as Covid restrictions eased, according to a survey released on Friday.
US manufacturing growth slows in June as new orders dip
Manufacturing activity growth in the US slowed last month as new orders from clients shrank, the results of a key survey revealed.
GM says delivery delays amid chip shortage won't impact earnings guidance
GM continued to grow its market shares over the three months to June thanks to pent-up demand for GM vehicles amid low inventories.
US open: Stocks start off Q3 in the red
Wall Street stocks were in the red early on Friday as major indices fail to put a horrific first half behind them.
Covid-19 cases surge during latest week due to BA.4 and BA.5 Covid-19 sub-variants
The number of new coronavirus cases in Britain jumped again during the preceding week, likely due to the more infectious BA. 4 and BA. 5 variants of the Omicron variant of Covid-19.
Citigroup in talks with local buyers over sale of Russian ops - report
Citigroup is reportedly in talks with several local buyers over a potential sale of its operations in Russia.
Das (RBI): "Cryptocurrencies are a clear danger, their value is based on fantasy"
Reserve Bank of India´s (RBI) Governor Shaktikanta Das stated that cryptocurrencies are a "clear danger" and that anything that gains value based on fantasy, without anything underlying, is nothing more than speculation under a fancy name. He added that as the financial system becomes increasingly digitized, cyber risks are increasing and require special attention.
US pre-open: Futures point to early losses on first day of Q3 trading
Wall Street futures were in the red ahead of the bell on Friday as the second half of 2022 looked set to start off much the same as the first one ended.
Kohl’s terminating takeover talks with Franchise Group - report
Kohl’s shares tumbled in pre-market trade on Friday following a CNBC report that the department store chain is terminating talks to sell its business to Franchise Group.
Eurozone inflation hits record high of 8.6% in June
Eurozone inflation jumped to a fresh record high in June, according to a flash estimate released by Eurostat on Friday, piling pressure on the European Central Bank to raise rates.
Asia Report: Shares fall on Japan tankan survey, Wall St
Asia shares were lower on Friday on the back of a lower Wall Street and a quarterly report from Japan’s central bank showing weaker business sentiment.
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