The manufacturing sector in the Philippines continued to expand in June, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 51.3. That\'s down from 51.9 in May, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. While the latest...
The manufacturing sector in Taiwan continued to expand in June, and at a faster pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 53.2. That\'s up from 50.9 in May, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Underpinning the improvement...
The manufacturing sector in South Korea continued to expand in June, and at a faster pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 52.0. That\'s up from 51.6 in May, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. June survey...
Aerospace and defence major Boeing Co. has agreed to buy majority of its key supplier Spirit AeroSystems in an all-stock deal at an equity value of around $4.7 billion, or $37.25 per share. The total transaction value is around $8.3 billion, including Spirit\'s last reported net debt. Boeing\'s acquisition will include substantially all Boeing-related commercial...
Asian stocks eked out modest gains on Monday as investors reacted to in-line U.S. inflation reading, mixed Chinese data and the results of the first round of voting for the French National Assembly. The yen struggled near 38-year lows after Japan downgraded GDP numbers for the March quarter. Oil prices climbed in Asian trading while...
German stocks advanced on Monday as investors reacted positively to the first round of the French election results. French far-right\'s significant win in the first round of parliamentary elections wasn\'t as impressive as expected, leaving the final result dependent on party deals before a second-round next weekend. Meanwhile, investors shrugged off the results of a...
French stocks rose sharply on Monday while bonds gained in a relief rally as the first round of voting left Le Pen\'s National Rally looking short of securing a majority in parliament. The benchmark CAC 40 was up 110 points, or 1.5 percent, at 7,589 after falling 0.7 percent on Friday. Banks rallied, with BNP...
U.K. stocks were modestly higher on Monday after a Nationwide report indicated that U.K. house prices gained 0.2 percent on a monthly basis in June despite ongoing high interest rates. Year-on-year, house prices posted a growth of 1.5 percent in June after rising 1.3 percent in May. Earlier, the property website Rightmove said house prices...
SEC chair Gary Gensler. Source: A video screenshot, YouTube / SECSecurities and Exchange Commission (SEC) Chair Gary Gensler has previously warned that artificial intelligence (AI) could lead to the next financial crisis. Gensler once again elaborated on this topic during a virtual fireside chat hosted by the non-profit advocacy organization Public Citizen on Jan. 17. ...
The controversial crypto tax reporting requirements within the bipartisan infrastructure bill signed into law in 2021 are now in effect as of January 1. These new Internal Revenue Service (IRS) rules mandate that cryptocurrency brokers report personal information on digital asset transactions over $10,000, including customers’ names, addresses, and social security numbers, within 15 days....