Economy News

Economy

China's Services Sector Growth Slows in April Amid Trade Tensions, PMI Drops to 50.7

China's services sector growth slowed in April with PMI dropping to 50.7, indicating expansion but at a weaker pace. Trade tensions with the US have limited market improvements, af...

Economy

China's Services Sector Growth Slows in April Amid Trade Tensions, PMI Dips to 50.7

China's services sector expanded at a weaker pace in April, with the Caixin PMI slipping to 50.7, indicating growth but below expectations. Trade tensions with the US have limited ...

Economy

Erste Group Strikes a Landmark €7 Billion Deal with Santander to Expand in Poland

Erste Group Bank AG has entered into a €7.0 billion agreement with Banco Santander, acquiring significant stakes in Santander Bank Polska Group and Santander Towarzystwo Funduszy I...

Economy

April Sees a Significant Drop in US Composite PMI, Signaling Economic Slowdown

The US Composite PMI fell to 50.6 in April, below expectations and the lowest since September 2023, with the services sector also showing significant weakness, signaling potential ...

Economy

US Services Sector Shows Resilient Growth in April, ISM Reports Positive Shift

The US service sector experienced growth in April, with the PMI rising to 51.6%, indicating expansion. Key indexes showed mixed results, including a rise in new orders but a contin...

Economy

Bill Ackman Advocates for a 180-Day Tariff Pause on China to Stabilize US Economy

Billionaire hedge fund manager Bill Ackman suggests a 180-day pause on new actions toward China to avoid economic destabilization and give small businesses a breather, amidst risin...

Economy

US Stands Firm: Japan's Plea for Tariff Exemption Denied in Recent Talks

The US has denied Japan's request for a full exemption from tariffs, only considering a reduction in the 14% country-specific duty. Talks continue with a focus on extending the sus...

Economy

Erste Group Secures Landmark €7 Billion Deal with Santander, Expanding European Banking Dominance

Erste Group Bank AG announces a €7.0 billion deal with Banco Santander, acquiring significant stakes in Santander Bank Polska Group and Santander Towarzystwo Funduszy Inwestycyjnyc...