BEIJING (Reuters) - China's services activity in May accelerated at the quickest pace in 10 months while staffing levels expanded for the first time since January, a private sector survey showed on Wednesday, pointing to sustained recovery in the second quarter.
The Caixin/S&P Global services purchasing managers' index (PMI) rose to 54.0 from 52.5 in April, expanding for the 17th straight month and growing at the fastest pace since July 2023. The... (continue reading...)
(Reuters) - Novelis, owned by Indian billionaire Kumar Mangalam Birla's Hindalco Industries on Tuesday it postponed its initial public offering citing market conditions.
"Novelis will continue to evaluate the timing of theoffering in the future," it said in a statement.
(Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Nivedita Bhattacharjee)
By Vivek Mishra and Vuyani Ndaba
BENGALURU/JOHANNESBURG (Reuters) - REUTERS POLL-NO REBOUND SEEN FOR EMERGING MARKETS CURRENCIES AS INVESTORS PONDER ELECTIONS, SCOPE FOR US EASING
REUTERS POLL-EMERGING MARKETS CURRENCIES FORECAST TO EITHER WEAKEN OR CLING TO RANGES IN 3 TO 6 MONTHS
Emerging market currencies will struggle to rebound this year, pressured by a U.S. Federal Reserve that is in no rush to cut interest rates and... (continue reading...)
By Steve Holland and Kanishka Singh
WASHINGTON (Reuters) - A response from Palestinian Islamist group Hamas on Israel's ceasefire proposal that U.S. President Joe Biden revealed on Friday is still being awaited, White House national security adviser Jake Sullivan told reporters on Tuesday.
"We are waiting for a response from Hamas" through the Qatari mediators, Sullivan said.
CIA Director Bill Burns will be in Doha to... (continue reading...)
(Reuters) -A group backed by BlackRock and Citadel Securities is planning to start a new national stock exchange in Texas, a spokesperson for Citadel Securities said on Tuesday.
The Texas Stock Exchange, which has raised about $120 million, plans to file registration documents with the Securities and Exchange Commission (SEC) later this year, The Wall Street Journal reported earlier, citing CEO James Lee.
BlackRock did not immediately... (continue reading...)
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