WASHINGTON (Reuters) – U.S. business activity accelerated to the highest level in just over two years in May, but manufacturers reported a surge in prices for a range of inputs, suggesting that goods inflation could pick up in the months ahead. S&P Global said on Thursday that its flash U.S. Composite PMI Output Index, which […]
(Bloomberg) — Alibaba Group Holding Ltd. is cutting prices for cloud customers from the US to Singapore by as much as 59%, mirroring deep discounts at home as the once high-flying division struggles to fend off rivals and revive growth. Most Read from Bloomberg The move coincides with a surge in demand for cloud computing […]
(Bloomberg) — A rally in Chinese shares accelerated after authorities intensified rescue efforts, defying broader weakness in Asia as hopes ebbed for a swift Federal Reserve pivot toward policy easing. Most Read from Bloomberg A key gauge of Chinese firms listed in Hong Kong jumped 4.3%, while the mainland benchmark of CSI 300 rose 3%. […]