ECB’s Draghi faces questions over guidance on rates
FRANKFURT (Reuters) – European Central Bank President Mario Draghi faces a grilling after Thursday’s policy meeting over forward guidance on interest rates after he hinted at a stronger message last week without being specific.
Banks boost Europe as shares start second half brightly
LONDON (Reuters) – European and Asian stocks started the second half of 2014 brightly on Tuesday, helped by upbeat Chinese data and bets that record low interest rates will remain in place for some time yet.
Euro zone manufacturing growth eases in June, France slowdown weighs: PMI
LONDON (Reuters) – Euro zone manufacturing growth eased slightly more than previously thought last month and factories fulfilled existing orders to keep busy, a business survey showed on Tuesday.
German manufacturing grows in June at weakest rate in eight months: PMI
BERLIN, (Reuters) – German manufacturing grew at the slowest rate in eight months in June, a survey showed on Tuesday, adding to signs that the expansion in Europe’s largest economy lost momentum in the second quarter.
French manufacturing shrinks in June at fastest rate in six months: PMI
PARIS, (Reuters) – French manufacturing activity shrank at the fastest rate in six months in June as firms cut production for the first time in five months and new orders dropped at the quickest rate this year, a survey showed on Tuesday.
Asian manufacturing picks up, exports still subdued
BEIJING/TOKYO (Reuters) – Manufacturing activity in Asia’s industrial powerhouses China and Japan gained pace in June, fueled mainly by improving demand at home, but a long-awaited bounce in exports remained slow in coming.
Food makers feel their way towards online future
PARIS (Reuters) – Grocery manufacturers are struggling to adapt to the online world and need to invest in smarter packaging, presentation and supply chains to reap the long term benefits.
After BNP, U.S. targets range of firms in crackdown on illicit money flows
WASHINGTON (Reuters) – BNP Paribas’ guilty plea and agreement to pay nearly $9 billion for violating U.S. sanctions is part of a larger U.S. Justice Department shift in strategy that is expected to snare more major banks and other firms across the financial food chain.
China factory activity hits multi-month highs, economy steadying
BEIJING (Reuters) – China’s factory activity hit multi-month highs in June, official and private surveys showed, reinforcing signs that the world’s second-largest economy is steadying as the government steps up policy support.
Asian shares off to cautious start, dollar soft
TOKYO (Reuters) – Asian shares were off to a cautious start near a three-year high on Tuesday while the U.S. dollar was listless as investors took new bets that U.S. monetary policy will stay loose for some time.
