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. .

Stocks in Asia, US Futures Dip on Inflation Anxiety: Markets Wrap

“I would not rush in to buy anything blindly right now; I still think we are going to have some pains over the next couple of weeks and months as inflation starts to stabilize, ”Erin Browne, multi-asset strategies portfolio manager at Pacific Investment Management Co., said on the“ Bloomberg Surveillance ”show. .

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. .

Why Margin Calls and Bot Liquidations Are Roiling Crypto

The pain now buffeting DeFi apps was triggered after centralized crypto lenders Celsius Network and Babel froze deposits and the rumored collapse of fund Three Arrows Capital sent crypto prices down by double digits over the course of a week. Celsius had worked with many DeFi apps to earn the high returns it offered. Much … Read more

Ship Crash in Indonesia Adds to Global Paper-Product Disruptions

A ship crashed into a bridge near Palembang in Indonesia’s South Sumatra linking a private terminal owned by Asia Pulp & Paper (APP) with its plant, known as OKI, Letchumi Achanah, APP’s head of strategic engagement and advocacy, confirmed after a Bloomberg request. The company is unable to provide details because the matter is still … Read more