Activity in the manufacturing sector is at its weakest for more than seven years, according to closely-watched data. The IHS Markit/CIPS Purchasing Managers’ Index (PMI) for August showed contractions across the board – from things like new orders to hiring as Brexit uncertainty and the wider world economic slowdown hit demand. The authors of the […]

The luxury condominium and apartment market is in the midst of an amenities war. Pools, playrooms and yoga studios have become commonplace, forcing developers to offer even more lavish add-ons or risk losing prospective buyers willing to pay millions of dollars. A residents-only restaurant on the 50th floor? A Boston development has that. Not to […]

Chocolate lovers have been ridiculing Cadbury following the launch of their latest creation. The company have released a brand-new Unity bar which combines four different types of chocolate – dark, blended, milk and white. Currently the product is only available in India, where it was released to mark the country's Independence Day and 'celebrate diversity'. […]

WASHINGTON (AP) — Federal health officials issued a national warning Thursday against marijuana use by adolescents and pregnant women, as more states legalize the increasingly potent drug for medicinal and recreational use. Health and Human Services Secretary Alex Azar and Surgeon General Jerome Adams made the announcement, with Azar calling marijuana “a dangerous drug.” Officials […]

NEW YORK (Reuters) – While there seems to be no end on the horizon to this year’s dramatic rally in U.S. Treasuries that has collapsed yields more than a full percentage point, conditions are ripening for a reversal that could disrupt the market. Some signals analysts track point to higher yields, although no one knows […]

(Reuters) – Apple Inc (AAPL.O) will host an event on Sept. 10 at the Steve Jobs Theater in the company’s Cupertino, California campus, where it is widely expected to unveil new iPhone models. In an invite to the event on Thursday, Apple teased a five-colored version of its logo, implying launch of more colors for […]

NEW YORK (Reuters) – French lender BNP Paribas (BNPP.PA) plans to bid for Deutsche Bank’s (DBKGn.DE) equity derivatives book and is hopeful it can beat off rival bidders to secure a deal in the next few weeks, according to sources familiar with the matter. Deutsche Bank is selling the portfolio as part of a restructuring […]

CARACAS (Reuters) – T. Rowe Price has held informal talks with advisors of Venezuelan opposition leader Juan Guaido about financing a $913 million payment on state oil firm PDVSA’s 2020 bond, an executive at the U.S. fund manager told Reuters, adding the plan would only work if Washington alters sanctions on Venezuela. Guaido, who assumed […]

WASHINGTON (Reuters) – The U.S. economy slowed in the second quarter, but the strongest growth in consumer spending in 4-1/2 years amid a strong labor market could further temper financial market expectations of a recession. Gross domestic product increased at a 2.0% annualized rate, the Commerce Department said in its second reading of second-quarter GDP […]

SINGAPORE – At least one of the parties in a group applying for one of the new digital banking licences must have a track record of three or more years operating a business in the technology or e-commerce field. That was one of several criteria laid down on Thursday (Aug 29) by the Monetary Authority […]