A report released by the Institute for Supply Management on Wednesday showed U.S. manufacturing activity unexpectedly expanded at a slightly faster rate in the month of May. The ISM said its manufacturing PMI inched up to 56.1 in May from 55.4 in April, with a reading above 50 indicating growth […]

There would be few people in Australia who enjoy a “line by line” audit of budget spending as much as I do. So it is with open arms I welcome the decision by Treasurer Jim Chalmers and Finance Minister Katy Gallagher to instruct their respective mandarins in Treasury and finance […]

UK retail sales grew unexpectedly in April despite consumer confidence sliding to a record low as soaring inflation boosted the cost of living further. Retail sales expanded 1.4 percent monthly, reversing a revised 1.2 percent decline in March, data published by the Office for National Statistics showed Friday. Sales were […]

The rich and powerful flocking to Davos this year won’t be forced for once to bear the icy winter wind, but the frostiness toward Russia, whose oligarchs have thrown some of the most famously glitzy parties at the World Economic Forum, will be palpable. The first in-person meeting in the […]

German industrial production declined the most in nearly two years in March, underscoring the impact of the war in Ukraine as suggested earlier by other economic reports released over this week. Industrial output decreased 3.9 percent month-on-month in March, reversing February’s revised 0.1 percent increase, data from Destatis revealed on […]

Employment in the U.S. increased by more than expected in the month of April, according to a closely watched report released by the Labor Department on Friday. The report showed non-farm payroll employment surged by 428,000 jobs in April, matching the revised jump seen in March. Economists had expected employment […]

Labor productivity in the U.S. showed a substantial pullback in the first quarter of 2022, according to a report released by the Labor Department on Thursday. The Labor Department said labor productivity plunged by 7.5 percent in the first quarter, reflecting the largest decline since the third quarter of 1947. […]

Shares of Adidas AG were losing around 6 percent in the morning trading in Germany after the sportswear maker reported Friday weak profit in its first quarter with relatively flat sales hurt by challenges on both supply and demand. Further, the company confirmed fiscal 2022 outlook for revenue and net […]

Australia’s central bank raised its key interest rate for the first time in over 11 years as inflation picked up more than expected and the economy strongly weathered the headwinds. The policy board of the Reserve Bank of Australia, headed by Governor Philip Lowe, decided to lift the cash rate […]

Pfizer Inc. (PFE) reported a 76 percent year-over-year operational adjusted earnings per share growth in its first quarter. Also, the company recorded 82% operational revenue growth overall and 2% operational growth excluding Comirnaty and Paxlovid. The company said its revenue growth was primarily driven by Comirnaty, Paxlovid, Prevnar family in […]