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  • South Korea Dec Factory Activity Weakens on Demand Slump, Trucker Strike – PMI

    South Korea Dec Factory Activity Weakens on Demand Slump, Trucker Strike – PMI0

    South Korea’s factory activity shrank for a sixth consecutive month in December, a business survey showed on Monday, as the global economic downturn and a local truckers’ strike led to the worst slump in demand in 2-1/2 years. The S&P Global (NYSE:SPGI) purchasing managers’ index (PMI) for South Korea manufacturers fell to a seasonally-adjusted 48.2

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  • Sony Shares Tumble On Weaker-Than-Expected Annual Outlook

    Sony Shares Tumble On Weaker-Than-Expected Annual Outlook0

    Sony (NYSE:SONY) Group Corp’s shares fell as much as 4.8% on Monday after the Japanese electronics and entertainment conglomerate’s annual profit outlook fell short of market expectations. The company on Friday posted a record operating profit for the year ended March 2023, driven by a robust performance at its music and microchip units. For the

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  • Soils of War: The Toxic Legacy For Ukraine’s Breadbasket

    Soils of War: The Toxic Legacy For Ukraine’s Breadbasket0

    When Ukraine recaptured Kherson in November, Andrii Povod returned to find his grain farm in ruins. Two tractors were missing, most of the wheat was gone and all 11 buildings used to store crops and machinery had been bombed and burned. The farm bears the scars of Russian shelling and unexploded ordnance riddles the fields

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  • Six Pacific Countries At High Risk Of Debt Distress – World Bank

    Six Pacific Countries At High Risk Of Debt Distress – World Bank0

    Six Pacific countries are at a high risk of debt distress in part due to government spending to respond to the COVID-19 crisis, the World Bank said in a report on Thursday. The report, titled Raising Pasifika, said fiscal consolidation was needed in Kiribati, Republic of the Marshall Islands, Federated States of Micronesia, Samoa, Tonga

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  • Singapore March Core Inflation Rises 5%, Slightly Less Than Forecast

    Singapore March Core Inflation Rises 5%, Slightly Less Than Forecast0

    Singapore’s key consumer price gauge rose 5% in March, slightly lower than forecast, official data showed on Monday. The core inflation rate – which excludes private road transport and accommodation costs – rose 5% year-on-year in March, lower than the 5.5% rise seen in February. A Reuters poll of economists had forecast a 5.1% increase

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  • Silvergate’s planned liquidation fuels another crypto rout

    Silvergate’s planned liquidation fuels another crypto rout0

    one of the biggest banks in the cryptocurrency industry, said on Wednesday it was planning to wind down operations and liquidate voluntarily Shares of crypto-related companies fell on Thursday, as the bank’s collapse sparked a crisis of confidence in the industry. Silvergate shares were down 26% while peer Signature Bank (NASDAQ:SBNY) and former Silvergate partner

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