Overall bank lending in Japan was up 3.0 percent on year in May, the Bank of Japan said on Monday - coming in at 620.106 trillion yen. That was shy of expectations for an increase of 3.1 percent, which would have been unchanged from the April reading. Excluding trusts, lending was up an annual 3.4...
German stocks declined on Monday as U.S. rate cut hopes faded and the euro slipped to a one-month low against the dollar after far-right parties made big gains in the European Parliament election. In a shock move, French President Emmanuel Macron called a snap election after crushing loss, describing it as \'an act of confidence\'....
U.K. stocks traded lower on Monday as U.S. rate cut hopes faded and far-right parties rattled the traditional powers in the European Union and made major gains in parliamentary elections Sunday. Meanwhile, U.K. permanent staff appointments fell for the twentieth consecutive month in May, but the pace of decrease was the softest since March 2023,...
European stocks drifted lower on Monday, with French stocks coming under heavy selling pressure, after President Emmanuel Macron called for snap legislative elections later in June. Macron\'s decision comes after the European Union elections showed a broader shift towards right-wing and far-right parties. Focus also shifted toward Federal Reserve policymakers updating their rates forecast on...
Cognizant Technology Solutions Corp. (CTSH) announced Monday it has signed a definitive agreement to acquire Belcan, LLC, a portfolio company of AE Industrial Partners and a supplier of Engineering Research & Development (ER&D) services, at a purchase price of approximately $1.3 billion in cash and stock, subject to customary adjustments. Belcan provides mission-critical digital engineering...
The private sector in Singapore continued to expand in May, and at a faster rate, the latest survey from S&P Global revealed on Wednesday with a PMI score of 54.2. That\'s up from 52.6 in April and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Output growth accelerated in...
The China stock market on Tuesday ended the three-day losing streak in which it had slumped almost 40 points or 1.3 percent. The Shanghai Composite Index now sits just above the 3,090-point plateau and it\'s likely to open in the green again on Wednesday. The global forecast for the Asian markets suggests mild upside on...
The Hong Kong stock market has climbed higher in two straight sessions, collecting more than 360 points or 2 percent along the way. The Hang Seng Index now sits just beneath the 18,450-point plateau and it may see additional support on Wednesday. The global forecast for the Asian markets suggests mild upside on easing treasury...
The Indonesia stock market has moved higher in back-to-back sessions, collecting almost 130 points or 1.9 percent along the way. The Jakarta Composite Index now sits just beneath the 7,100-point plateau and it may add to its winnings on Wednesday. The global forecast for the Asian markets suggests mild upside on easing treasury yields. The...
Australia\'s gross domestic product expanded a seasonally adjusted 0.1 percent on quarter in the first quarter of 2024, the Australian Bureau of Statistics said on Wednesday. That was shy of expectations for an increase of 0.2 percent following the upwardly revised 0.3 percent gain in the previous quarter (originally 0.2 percent). On an annualized basis,...