China’s factory sector unexpectedly slipped back into contraction in November, according to a private survey released Monday, signaling continued softness in domestic demand and renewed concerns over the country’s economic momentum. The RatingDog China General Manufacturing PMI, compiled by S&P Global, dropped to 49.9 last month, below market expectations of…

Australia, Asia and global macro sentiment opened the week on a cautious footing, with defence restructuring in Canberra, volatile equity moves across regional markets, renewed pressure in digital assets, and fresh signs of slowing momentum in China’s manufacturing sector. Risk appetite weakened despite steady expectations of US rate cuts, while…

India is exploring the feasibility of importing coking coal from Mongolia, aiming to diversify its sourcing for the crucial steelmaking ingredient despite facing logistical challenges, a Reuters report revealed. India, currently holding the position of the world’s second-largest crude steel producer, faces a significant dependence on imports for coking coal. The nation…

Shares of Indian pharmaceutical major Wockhardt rallied more than 13% on Monday after it announced a milestone development in its innovation pipeline: the United States Food and Drug Administration has formally accepted its New Drug Application for Zaynich, a novel antibiotic designed to target complicated urinary tract infections caused by…

Canada’s economy has delivered one of the strangest narratives of the year. The country is growing on paper, yet slowing in real life. Output is rising again, but the parts of the economy that matter for long-term prosperity continue to lose strength. Many Canadians sense a downturn even as the headline…

Britain’s manufacturing sector returned to growth for the first time in more than a year in November, signalling a tentative improvement in industrial conditions after a prolonged period of contraction.The S&P Global Purchasing Managers’ Index (PMI) rose to 50.2 last month from 49.7 in October, marking the first expansion since…

The proposed £5.3 billion merger between FTSE 250-listed infrastructure investment groups HICL Infrastructure and the Renewables Infrastructure Group Limited (TRIG) has collapsed after failing to win sufficient support from HICL shareholders.The combination, which would have created one of the largest infrastructure investment trusts in the UK market, has been withdrawn…

Airbus shares fell sharply on Monday after reports surfaced of a new industrial quality issue affecting fuselage panels on several dozen A320-family aircraft. The development comes at a critical moment for the world’s largest planemaker, which is racing to meet aggressive year-end delivery targets while still managing disruptions from a…