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Financial Post (Canada) 06/01/2020 22:37
(Bloomberg) — With the bulk of global travel shut down in recent months, airports wouldn’t be an obvious attraction for investors. But one Australian portfolio manager says the recent damage to the industry has afforded a buying opportunity. “I don’t believe airports are structurally broken, I think it’s a near-term hit,” said Sarah Shaw, chief […]
Financial Post (Canada) 06/01/2020 22:31
TOKYO — Japanese shares hit a more than three-month high on Tuesday, as hopes for global economic recovery with more countries gradually reopening after coronavirus-related lockdowns bolstered expectations for corporate earnings. The Nikkei index rose 0.91% to 22,263.43 by 0200 GMT, its highest level since Feb. 26, with industrial and telecommunication shares leading the advance […]
Financial Post (Canada) 06/01/2020 05:37
JOHANNESBURG — South Africa’s seasonally-adjusted Absa Purchasing Managers’ Index (PMI) expanded in May with factories gradually restarting activity as the coronavirus lockdown eased, helping to lift production and sales. The index, which gauges manufacturing activity in Africa’s most industrialized economy, rose to 50.2 points in May from 46.1 points in April. On Monday, South Africa […]
Financial Post (Canada) 06/01/2020 05:12
JOHANNESBURG — South Africa’s seasonally-adjusted Absa Purchasing Managers’ Index (PMI) expanded in May with factories gradually restarting activity as the coronavirus lockdown eased, helping to lift production and sales. The index, which gauges manufacturing activity in Africa’s most industrialized economy, rose to 50.2 points in May from 46.1 points in April. (Reporting by Mfuneko Toyana; […]
Financial Post (Canada) 06/01/2020 05:02
JERUSALEM — The coronavirus crisis could cause an already constrained Palestinian economy to shrink by as much as 11% in the coming year, the World Bank said on Monday. In a report, the bank also cautioned that the Palestinian Authority, which exercises limited self-rule in the occupied West Bank, could face a financing gap of […]
Financial Post (Canada) 05/30/2020 22:27
BEIJING — China’s factory activity rose for a third straight month in May as companies got back to business after strict measures to contain the coronavirus were eased, but a deep contraction in export orders means the recovery remains sluggish. The official manufacturing Purchasing Manager’s Index (PMI) was 50.6 in May, compared with 50.8 in […]
Financial Post (Canada) 05/30/2020 22:13
CARACAS/MARACAY — Fuel shipped from Iran began arriving at Venezuela’s gasoline stations on Saturday, just hours before President Nicolas Maduro announced higher prices at the pump that are set to end more than two decades of almost-free gasoline. As authorities in the country with the world’s cheapest gasoline got ready to expand retail sales under […]
Financial Post (Canada) 05/30/2020 21:12
BEIJING — Activity in China’s services sector expanded at a faster clip in May as measures to contain the coronavirus outbreak were lifted, official data showed on Sunday, suggesting business and consumer confidence may slowly be improving. The official non-manufacturing Purchasing Managers’ Index (PMI) rose to 53.6 in May, from 53.2 in April, the National […]
Financial Post (Canada) 05/30/2020 21:09
BEIJING — China’s factory activity rose for a third straight month in May as companies got back to business after strict measures to contain the coronavirus, but worldwide lockdowns and weak demand are likely to weigh on the economy’s recovery. The official manufacturing Purchasing Manager’s Index (PMI) eased to 50.6 in May from 50.8 in […]
Financial Post (Canada) 05/30/2020 02:16
(Bloomberg) — Uniper SE’s controversial new German coal plant is opening at a time when the fuel has never been more unpopular. Datteln-4 has drawn international condemnation from teenage activist Greta Thunberg to Greenpeace at a time when many countries are trying to slash their emissions . The environmentalists aren’t buying the argument that the new plant is more climate […]

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