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US factory orders post biggest gain in 11 months in April

US factory orders post biggest gain in 11 months in April

WASHINGTON, June 3 (Reuters) - New orders for U.S. factory goods posted their biggest increase in nearly a year in April amid strong demand for commercial aircraft and a range of other goods.
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Federal Reserve's Twelfth District Reports Moderate Price Increases Amid Middle East Conflict

Federal Reserve's Twelfth District Reports Moderate Price Increases Amid Middle East Conflict

Federal Reserve's Twelfth District Reports Moderate Price Increases Amid Middle East Conflict
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India's GDP grows 7.8% in January-March on resilient farm, construction output

India's GDP grows 7.8% in January-March on resilient farm, construction output

By Shubham Batra and Manoj Kumar NEW DELHI, June 5 (Reuters) - India's economy grew at an unexpectedly strong 7.8% on-year in the January-March quarter, the government said on Friday, as better farm output and brisker construction activity helped offset weakening external demand emanating from the
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Stocks drop as AI rally pauses, US-Iran peace talks stall

Stocks drop as AI rally pauses, US-Iran peace talks stall

By Rae Wee SINGAPORE, June 5 (Reuters) - Asian share markets slid on Friday as investors took profits on technology stocks and turned defensive ahead of the weekend, wary of the flare-up in Middle East hostilities as U.S.-Iran peace talks remain in limbo.
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Trump's latest tariff salvo no fix for global issue of forced labor

Trump's latest tariff salvo no fix for global issue of forced labor

By Olivia Le Poidevin, Christoph Steitz and Josephine Mason LONDON, June 5 (Reuters) - President Donald Trump's threat to slap new tariffs on trade partners the U.S. accuses of failing to crack down on forced labour will do little to fight modern slavery — and could even make things worse, experts,
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US oil exports surge, draining domestic crude inventories toward rock bottom

US oil exports surge, draining domestic crude inventories toward rock bottom

By Shariq Khan and Arathy Somasekhar NEW YORK/HOUSTON, June 5 (Reuters) - At the prairie town that calls itself the pipeline crossroads of the world, some 400 oil storage tanks sprawled across Cushing, Oklahoma, are nearly empty, drained by refiners worldwide to plug a massive shortfall in global
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Canadian Manufacturing Sector Expands Amid Global Uncertainties

Canadian Manufacturing Sector Expands Amid Global Uncertainties

Canada's manufacturing sector experienced growth in May, driven by increased output and new orders, according to a report by S&P Global Market Intelligence. The expansion is attributed to client efforts to secure goods amid concerns over price increases and product availability, likely linked to the ongoing conflict in the Middle East. The Purchasing Managers' Index (PMI) for Canada remained above the expansion threshold, despite a slight decrease from April. The report also noted supply chain challenges, with delays in international shipping and rising input and output costs due to elevated fuel prices.
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OECD says protracted war could drag on global growth, push up inflation

OECD says protracted war could drag on global growth, push up inflation

By Leigh Thomas PARIS, June 3 (Reuters) - The global economic outlook hinges on how long the war in the Middle East lasts, with recession in some countries and sharply higher inflation a real possibility if it drags on into next year, the Organisation for Economic Cooperation and Development warned
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Italian Manufacturing Sees Growth Amid New Orders and Supply Chain Concerns

Italian Manufacturing Sees Growth Amid New Orders and Supply Chain Concerns

Italian manufacturers have reported a renewed growth in new orders, which has led to a stronger increase in manufacturing output, according to the latest PMI data by S&P Global. This growth is attributed to safety stockpiling as both customers and manufacturers aim to mitigate potential disruptions caused by ongoing conflicts in the Middle East. The S&P Global Italy Manufacturing PMI indicates that the level of confidence in the sector is nearing its historical norm, despite the challenges. However, the report also highlights that cost pressures have intensified, adding to the complexity of the current manufacturing landscape.
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Italy services costs at 3-year high as business contracts, PMI shows

Italy services costs at 3-year high as business contracts, PMI shows

ROME, June 3 (Reuters) - Cost pressures in Italy's service sector hit a 40-month high in May as the impact of the conflict in the Middle East became more acute, a survey showed on Wednesday.
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US Manufacturing Growth Continues for Fifth Month, Driven by Increased Demand

US Manufacturing Growth Continues for Fifth Month, Driven by Increased Demand

US Manufacturing Growth Continues for Fifth Month, Driven by Increased Demand
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UK Retailers Ease Price Increases as Inflationary Pressures Moderate

UK Retailers Ease Price Increases as Inflationary Pressures Moderate

UK Retailers Ease Price Increases as Inflationary Pressures Moderate