Reuters

LONDON (Reuters) - British manufacturing activity growth slowed last month from May's 22-month high as ongoing disruption to shipping in the Red Sea contributed to lower demand from overseas customers, a survey showed on Monday.

UK manufacturing growth slows as shipping delays hit exports, PMI shows

Asian stocks were mostly higher on Monday after Japan and China reported data reflecting relatively sluggish growth for Asia’s two largest economies. The euro rose after the far-right National Rally gained a strong lead in first-round legislative elections, while the Japanese yen fell, trading at about 161 yen to the dollar. U.S. futures and oil prices rose.

Stock market today: Asian stocks log modest gains as economic data are mixed for Japan and China

BEIJING (Reuters) -China's manufacturing activity fell for a second month in June while services activity slipped to a five-month low, an official survey showed on Sunday, keeping alive calls for further stimulus as the economy struggles to get back on its feet. The National Bureau of Statistics (NBS) purchasing managers'...

China's June factory activity contracts again, services slows

SEOUL (Reuters) - South Korea's factory activity growth quickened in June to the fastest in 26 months, as new orders jumped on improving global demand, a private-sector survey showed on Monday. The purchasing managers index (PMI) for manufacturers in Asia's fourth-largest economy, compiled by S&P Global, rose to 52.0 in...

South Korea Factory Activity Sees Fastest Growth in 26 Months on Rising Demand

Virginia State

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Margaret Minnicks

WVTF reported that a new Virginia law will become effective on July 1, 2024. The law will prevent utility companies from disconnecting services on various occasions, which could leave someone without power for days.

A new law will keep utilities from being disconnected on weekends and holidays in Virginia

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

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Anika Jindal

At times, a singular action has the power to unveil a person’s true character. Witnessing someone engage in behavior that you find repulsive can make it challenging to maintain respect for them thereafter.

13 Warning Signals That You Are Not A Good Person

U.S. oil production has been flat for the past 10 months, but is still on track to set a new annual record in 2024. Rystad Energy predicts near-zero global oil supply growth this year, marking the first time since 2020. Despite flat growth, the U.S. will set a new oil...

U.S. to Set New Oil Production Record, But 2025 Looks Bleak

Brazil's oil production has started to recover following a plunge earlier this year as many offshore platforms underwent planned repairs and maintenance work. After a 25% drop in Brazilian output at the beginning of the year, platforms are returning from maintenance and producing more oil. Earlier-than-expected starts to some projects are also set to help Brazil recover its oil output later this year, and production could exceed forecasts, some analysts say.

Brazil's Oil Surge Set to Challenge OPEC's Market Strategy

[Stay on top of transportation news: Get TTNews in your inbox.]. U.S. oil production will decline if the corporate-acquisition spree sweeping the shale sector is prolonged, according to a Federal Reserve Bank of Dallas survey. More than 50% of oil executives told the Dallas Fed they foresee lower domestic crude...

Shale Executives See Takeovers Squeezing US Oil Production

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. It is no secret that the logistics industry is facing a challenging landscape characterized by low freight rates and excess capacity. This situation is a result of several factors, including the lingering effects of the pandemic-induced demand surge, geopolitical tensions and a slowdown in global economic growth.

The state of logistics in 2024: Low rates and excess capacity

Iowa State

CHICAGO (Reuters) - South Dakota farmer Eric Kroupa received a flurry of calls from grain dealers and ethanol plants asking to buy the corn locked away in his bins when prices neared 4-1/2-month peaks last month.

US farmers shun buyers, cling to unsold corn as prices slump

We recently compiled a list of the 30 Wealthiest People in Singapore and in this article, we will look at the richest person in Singapore. According to the Ministry of Trade and Industry (MTI), the Singaporean economy rose at a more rapid pace than expected in Q1 2024. The GDP increased by 2.7% year-over-year, recording the strongest growth in the past 18 months. This marks a positive outlook for the country’s economy, as the economists’ predictions for growth were 2.5%. However, certain areas of concern remain, including inflation which has calmed down compared to its peak earlier this year. However, it still was at 3.1% in April. The Monetary Authority of Singapore (MAS) expects moderate inflation throughout the year, averaging between 2.5% and 3.5%. The MTI has maintained the country’s GDP growth forecast for 2024 at 1-3%. As of 2024, Singapore has a GDP of $525.3 billion as reported by the IMF.

The Wealthiest Person in Singapore

LONDON (Reuters) - China's copper scrap imports have soared due to shortages of concentrate that is processed into refined metal used in the power and construction industries, but record high prices mean U.S. shipments are likely to pause.

Record copper prices likely to pause U.S. scrap shipments to China

Markets Insider

Trump's plans for a universal tariff on all US imports could set off a global trade war, a Peterson Institute fellow said. Such a conflict erupted the last time the US applied blanket protectionism in the 1930s. Others have warned that a trade war with China could be coming regardless,...

Trump's plan to tax the entire world will result in the type of global trade war not seen since the Great Depression, think tank says

TOKYO, June 28 (Reuters) - Core consumer prices in Tokyo rose 2.1% in June from a year earlier, government data showed on Friday. The core consumer price index for Japan’s capital, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 2.0% annual rise.

Tokyo June core CPI rises 2.1% yr/yr

(Reuters) - A look at the day ahead in Asian markets. Asian market trading on Monday kicks off the new week, quarter and second half of the year with investors' focus locked on a data-heavy economic calendar, especially the latest snapshot of Chinese factory activity.

Morning Bid: New quarter, same old China PMIs

California State

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Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

Business Insider

China's auto sector is struggling with overproduction, impacting domestic and international markets.

1,000 workers at one car factory in China were told to either quit or sit around on minimum wage until the market picks up again: Nikkei

New Jersey State

Morristown Minute

NEW JERSEY - Attorney General Matthew J. Platkin and the Division of Consumer Affairs announced today that Walmart has agreed to pay $1.64 million to settle allegations of unlawful unit pricing practices across its 64 New Jersey retail stores. The settlement, which includes a $1.61 million civil penalty, marks the largest ever obtained by the Division’s Office of Weights and Measures (OWM).

Walmart Pays $1.64M Settlement for Unlawful Pricing in NJ

Missouri State

CJ Coombs

The first time my family walked into a Ponderosa Steakhouse was in the late 1960s. It was new and the experience was great. Like other new restaurants, if the management doesn't stay on top, the quality of service can decline. The location we went to did change through the years, but in the beginning, it was great.

The 1960s: the Ponderosa and Bonanza Steakhouses are still around in some states

NewsBreak

Asia's factory activity expands in June on solid global demand

TOKYO (Reuters) -Asia's factory activity expanded in June on solid momentum in the global economy and brightening prospects for semiconductor output, surveys showed on Monday, offering...

Asia's factory activity expands in June on solid global demand

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