International Economic
3M CFO Monish Patolawala resigns
3M said on Wednesday that president and chief financial officer Monish Patolawala has resigned with effect from 31 July to pursue another opportunity.
New Zealand holds rates steady but notes easing inflation pressures
New Zealand's central bank kept interest rates steady on Wednesday for the eight straight meeting, but said it was confident inflation would return to its target range over the next six months.
China inflation unexpectedly slows to 0.2%
Chinese inflation unexpectedly slowed in June, according to figures from the National Bureau of Statistics on Wednesday, adding to concerns that consumer demand is keeping a lid on the economic recovery.
Fed's Powell says 'greater confidence' on falling prices still needed
The head of US central bank told lawmakers again on Tuesday that policymakers needed "greater confidence" that inflation was headed permanently lower before they could interest rates.
NFIB US small business optimism index rises to 91.5 in June
The National Federation of Independent Business' business optimism index rose to 91. 5 in June, up from 90. 5 a month earlier, for the highest reading since the start of 2024.
US small business optimism at six-month high, but still subdued
Small business optimism in the United States rose to its highest level in six months in June, though still remains below its long-term average.
Eurozone investor morale plunges in July - Sentix
Investor morale in the eurozone recorded a bigger-than-expected decline in July, according to a survey published on Monday as geopolitical worries hit sentiment.
German trade surplus widens as imports drop sharply
Germany's trade surplus widened to its highest level in four months in May as imports dropped significantly, according to data out on Monday from the Federal Statistical Office.
Bitcoin drops as Mt.Gox starts reimbursing victims of 2014 hack
Bitcoin prices were attempting to clamber back following a sharp drop overnight after Mt. Gox began repaying some of the investors whose accounts were hacked in 2014.
US payrolls undershoot forecasts by wide margin on revisions
Hiring and wage growth in the US eased as expected last month, but after a much faster-than-expected slowdown over the previous two months.
German industrial production unexpectedly drops
Industrial production in Germany unexpectedly declined in May, registering its worst contraction in two and a half years, according to data by the Federal Statistical Office.
Eurozone retail sales inch higher but miss forecasts
Retail sales in the eurozone rebounded in May after drop the previous month, according to data out on Friday from Eurostat, but rose less than expected.
Eurozone construction sector sees output slump - PMI
The Eurozone’s beleaguered construction sector reported another sharp decrease in output in June, a closely-watched survey showed on Thursday.
German May factory orders in shock fall
German factory orders posted a shock fall in May, highlighting the troubles faced by Europe’s manufacturing sector.
US services sector activity shrinks very sharply in June, ISM says
Services sector activity in the US slowed very sharply last month, a closely followed survey showed.
US job cut announcements drop again in June, Challenger says
Job cut announcements appeared to repeat the pattern observed in 2023, dropping quickly in June, the results of a closely followed survey revealed.
US foreign trade deficit shrinks a tad more quickly than expected in May
America's shortfall on trade with the rest of the world increased slightly in May, as both domestic and foreign demand softened.
US private sector adds fewer jobs than expected in June - ADP
Private sector employment in the US rose less than expected in June, according to figures released on Wednesday by ADP.
US jobless claims rise to 238,000
Americans lined up for unemployment benefits at an accelerated clip in the week ended 29 June, according to the Department of Labor.
Economic growth softens in Eurozone - PMI
Growth in the Eurozone softened in June, a closely-watched survey showed on Wednesday, as a resurgent services sector failed to offset the slump in manufacturing.