IBT Staff Reporter

7591-7620 (out of 154954)

Global Factory Growth Stunted By War, China's COVID Curbs

Global growth in factory activity slowed in May as China's strict coronavirus curbs and Russia's invasion of Ukraine disrupted supply chains and dampened demand, adding to woes for businesses already struggling with surging raw material prices.

Bonds Tremble As Inflation Hits New Records

Stocks steadied in Asia on Wednesday as Shanghai emerged blinking from two months of lockdown and a dip in oil prices dangled the prospect of a respite from rising energy prices, but nerves about inflation kept investors and bond markets on edge.

U.S. Agrees To Send Advanced Rockets To Ukraine

Russian troops fought to take complete control of the eastern industrial city of Sievierodonetsk on Wednesday as the United States said it will provide Ukraine with advanced rockets to help it force Moscow to negotiate an end to the war.

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