Category: services
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France September flash services PMI 48.3 vs 52.5 expected
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Previous 55.0 Manufacturing PMI 44.0 vs. 44.3 expected Previous 43.9 Composite PMI 47.4 vs. 50.6 expected Previous 53.1 Ah. The August jump was largely expected to be a one-off amid increased demand from the Paris Olympics. But it faded very quickly with little spillover into September. The headline reading is…
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France September flash services PMI 48.3 vs 52.5 expected
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Previous 55.0 Manufacturing PMI 44.0 vs. 44.3 expected Previous 43.9 Composite PMI 47.4 vs. 50.6 expected Previous 53.1 Ah. The August jump was largely expected to be a one-off amid increased demand from the Paris Olympics. But it faded very quickly with little spillover into September. The headline reading is…
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Australia preliminary Sept PMI: Manufacturing 46.7 (prior 48.5) Services 50.6 (prior 52.5)
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The preliminary Australian manufacturing PMI from S&P Global Platts slips deeper into contraction at 46.7 Services decline but remain in expansion at 50.6 The composite index declined due to a decline in the manufacturing PMI, with the composite index recording 49.8. Summary of the report commentary: Manufacturing sector shrinks, registering…
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KQ targets up to Sh1bn savings as carrier switches to digitised passenger services
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The national carrier, Kenya Airways, is looking to achieve savings of up to Ksh1 billion by switching to digital passenger management systems. Kenya Airways Chief Information and Data Officer Frederick Gitonga revealed that the airline saved Sh300 million in 2023, by deploying technology solutions in key areas such as travel…
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Forexlive Americas FX news wrap: US dollar weakens after softer ADP but ISM services firms
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Forexlive Americas FX news wrap: US dollar weakens after softer ADP but ISM services firms
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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China August Manufacturing PMI 49.1 (expected 49.5), Services 50.3 (expected 50.0)
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Official China PMI for August 2024 from the National Bureau of Statistics (NBS) More to come — The Chinese economy has shown, and continues to show, an uneven and unbalanced recovery. Key areas of concern include: Uncertain outlook for debt-ridden real estate sector Consumer confidence and demand decline Excess manufacturing…
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US requests trade dispute consultations with Canada over new digital services tax By Reuters
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By David Loder WASHINGTON (Reuters) – The Biden-Harris administration said on Friday the United States has requested consultations to resolve trade disputes with Canada over a new digital services tax, adding that the “discriminatory” tax appears inconsistent with Canada’s obligations under the North American Trade Agreement. The U.S. Trade Representative’s…
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US requests trade dispute consultations with Canada over new digital services tax By Reuters
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By David Loder WASHINGTON (Reuters) – The Biden-Harris administration said on Friday the United States has requested consultations to resolve trade disputes with Canada over a new digital services tax, adding that the “discriminatory” tax appears inconsistent with Canada’s obligations under the North American Trade Agreement. The U.S. Trade Representative’s…
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Dallas Fed services sector outlook index -7.7 vs -0.1 prior
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Dallas Fed Services Sector Expectations Index Previous was -0.1 Revenue Index +8.7 vs. +7.7 previously Employment +0.6 vs. -0.2 previously Company forecast -3.1 vs. +1.0 previously 6-month index +12.4 vs. +20.5 previously Comments in the report: Facilities I feel like a recession is going to hit the US. Storage and…
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Air Transport Services reports mixed Q2 results; raises FY24 Adjusted EBITDA outlook
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2024 Predictions: Taking into account the four aircraft leases that have commenced since the end of June, ATSG expects adjusted EBITDA of approximately $526 million in 2024. ATSG expects 2024 capital spending to be $390 million, down from the $410 million estimated in May 2024 and $400 million lower than…
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Japan’s shares plunge more than 10% extending sell-offs; July services PMI revised downwar
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ronniechua/iStock via Getty Images The Nikkei 225 index fell more than 10% to around 31,135 while the broader Topix lost 6.5% to 2,370 early Monday, with both indexes hitting seven-month lows on concerns about rising interest rates in Japan and also under pressure from safe-haven buying. Amid global stock sell-offs…
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Eurozone July flash services PMI 51.9 vs 53.0 expected
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Previous 52.8 Manufacturing PMI 45.6 vs. 46.1 expected Previous 45.8 Composite PMI 50.1 vs. 51.1 expected Previous 50.9 Eurozone economic growth stalled in July, as growth in services activity slowed and manufacturing conditions continued to slacken. The first reading was four months lower and the second reading was a seven-month…
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Gate.io To Wind Up Services For Customers In Japan
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The cryptocurrency exchange landscape is constantly evolving, with platforms like leading cryptocurrency exchange Gate.io constantly adapting to regulatory changes and market dynamics. In a recent development, Gate.io, a prominent player in the digital asset trading space and leading blockchain crypto platform, has announced plans to scale back services to customers…
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Gate.io To Wind Up Services For Customers In Japan
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The cryptocurrency exchange landscape is constantly evolving, with platforms like leading cryptocurrency exchange Gate.io constantly adapting to regulatory changes and market dynamics. In a recent development, Gate.io, a prominent player in the digital asset trading space and leading blockchain crypto platform, has announced plans to scale back services to customers…
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Kraken Institutional Debuts Custody Services in UK, Australia Crypto Markets
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Kraken Institutional, the specialized division serving institutional investors of US cryptocurrency exchange Kraken, has announced the international expansion of its custody services into the UK and Australia. This step represents its first project after its first launch earlier this year. Kraken Custody Expansion According to the official press releaseInstitutional clients…
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Hong Kong’s Top Virtual Bank to Offer Reserve Services to Crypto Stablecoin Issuers
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Hong Kong’s largest virtual bank, ZA Bank, achieved a new milestone earlier today by an offer Hong Kong has announced plans to offer exclusive Reserve Bank services to stablecoin issuers, a move in line with Hong Kong’s recent regulatory progress regarding cryptocurrencies. The initiative is part of the region’s new…
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Microsoft stock falls as outage grounds flights, Azure services impacted By Investing.com
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Microsoft (NASDAQ:) experienced an outage of Azure and Office365 services that grounded flights by at least two low-cost airlines in the United States late Thursday, with services still suspended through Friday morning. Microsoft shares fell 1.8% in premarket trading on Friday. Frontier Airlines said its systems were gradually returning to…
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OKX to Discontinue Services in Nigeria, Here’s What Users Need to Know
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Leading cryptocurrency exchange OKX has announced the shutdown of its services in Nigeria, citing recent regulatory changes. According to emails sent to Nigerian OKX users, clients have until August 30 to withdraw their assets from the exchange, after which any remaining balances on the platform will be subject to restrictions.…