Factories Slow Down From US To Asia

A measure of U.S. manufacturing activity weakened in June to a two-year low, and several regional Federal Reserve surveys indicated business activity shrank. Factory purchasing managers’ gauges across Asia eased, with South Korea, Thailand and India among those showing the biggest declines, according to S&P Global. .

Sri Lanka Is Put On Virtual Lockdown As Fuel Supplies Are Halted

Citizens were put on a virtual lockdown amid crippling sovereign debt crisis that’s left the nation with no fresh fuel supplies. .

Goldman Sees Emerging-Asia Currencies Coming Under More Pressure

“Along with the broader emerging market currency complex, high-yielding currencies like the Philippine peso, Indian rupee and Indonesian rupiah have been under pressure in June,” strategists including Zach Pandl and Danny Suwanapruti wrote in a research note. “In coming weeks, we expect this pressure to continue versus the dollar, in some cases potentially posing upside … Read more

G-7 Negotiators Put Russia Oil Price Cap on Agenda for Leaders

Group of Seven negotiators agreed that discussions on a potential price cap on Russian oil had progressed enough to send the issue to leaders to discuss at a summit starting Sunday in Germany, according to people familiar with the matter. .