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GLOBAL ECONOMY-Asia's factory activity worsens as US trade uncertainty bites
China factory activity shrinks in July, S&P PMI showsJapan, South Korea also saw activity deteriorateJapan, South Korea surveys taken before trade deals with U.S.India's factory activity expands but business confidence fallsSurveys highlight challenge as Trump upends global free tradeBy Leik...Reuters
Fri, Aug 1
China to crack down on 'herd behaviour' in emerging sector investment
BEIJING, Aug 1 (Reuters) - China will crack down on "herd behaviour" in investment in emerging sectors and tighten oversight of local governments' investment promotions, officials at the state planner said on Friday."Currently, 'involution' and disorderly competition appeared...Reuters
Fri, Aug 1
Switzerland is assessing higher US tariff, pushing for 'negotiated solution'
BERLIN, Aug 1 (Reuters) - Switzerland's government said on Friday it is assessing the situation after the White House announced a higher 39% tariff on Swiss imports to the United States in an escalating trade war between the two countries."Switzerland has been and continues to be in contact ...Reuters
Fri, Aug 1
Nonfarm Payrolls set to show hiring moderated in July as US labor market cools
A pretty wild week is coming to an end with the release of the all-important United States (US) Nonfarm Payrolls (NFP) data for July, which will be published by the Bureau of Labor Statistics (BLS) on Friday at 12:30 GMT.Fxstreet
Fri, Aug 1
Indonesia's exports rise again in June as U.S.-bound shipments jump
June Exports +11.3% y/y, vs poll's +10.4%Imports +4.3% y/y, vs poll's +6.5%Trade surplus at $4.11 bln, vs $3.45 bln forecastJuly inflation rises to +2.37%, still within central bank targetBy Gayatri Suroyo and Stefanno Sulaiman JAKARTA, Aug 1 (Reuters) - Indonesia's exports rose in Ju...Reuters
Fri, Aug 1
WRAPUP 1-Slow US job gains expected in July; unemployment rate forecast rising to 4.2%
Nonfarm payrolls forecast to increase by 110,000 in JulyUnemployment rate expected to rise to 4.2% from 4.1% in JuneBy Lucia Mutikani WASHINGTON, Aug 1 (Reuters) - U.S. job growth likely slowed in July, with the unemployment rate forecast rising back to 4.2%, but that probably would be insufficie...Reuters
Fri, Aug 1
GLOBAL ECONOMY-Asia's factory activity worsens as US trade uncertainty bites
China factory activity shrinks in July, S&P PMI showsJapan, South Korea also saw activity deteriorateJapan, South Korea surveys taken before trade deals with U.S.Surveys highlight challenge as Trump upends global free tradeBy Leika Kihara TOKYO, Aug 1 (Reuters) - Asia's factory activity d...Reuters
Fri, Aug 1
EXCLUSIVE-Cambodia deputy PM says 19% US tariff rate averts collapse of its garments manufacturing sector
Cambodia deputy PM thanks Trump for 'noble intervention' in Thai-Cambodia conflictAgrees to buy 10 Boeing jets for Air Cambodia, option to buy 10 moreSays initial levies of 49% or 36% would have had 'huge' economic impact Deal agreed with U.S. is framework, to be finalised laterBy Ma...Reuters
Fri, Aug 1
