The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
- May final composite PMI 51.8
- PMI points to Q2 GDP growth of 0.2% -IHS Markit
LONDON, June 5 (Reuters) - Euro zone business activity picked up a touch last month but remained in low gear and forward-looking indicators suggest the bloc's economic growth won't accelerate anytime soon, a survey found.
IHS Markit's Euro Zone Composite Final Purchasing Managers' Index (PMI), considered a good measure of overall economic health, nudged up to 51.8 in May from April's 51.5.
While that was higher than an earlier flash reading of 51.6 it remained close to the 50 mark separating growth from contraction.
IHS Markit said the PMI pointed to second quarter growth of 0.2%, weaker than the 0.3% predicted in a Reuters poll late last month and slower than the 0.4% the bloc's economy expanded in the first quarter.
"The overall picture remains one of weak current growth and gloomier prospects for the year ahead," said Chris Williamson, chief business economist at IHS Markit.
"There seems little prospect of any immediate improvement: new orders barely rose in May, painting one of the gloomiest pictures of demand seen over the past six years, and companies' expectations of growth over the coming year likewise fell."
A sub-index measuring new business fell to 50.4 from 51.0, one of its lowest readings in six years.
The PMI covering the euro zone's dominant services industry crept up to 52.9 from April's 52.8, helping to offset a fourth month of contraction in manufacturing.
With new business growth slowing, optimism among services firms declined. The business expectations index fell to a four-month low of 61.1 from April's 62.2.
- Detailed PMI data are only available under licence from IHS Markit and customers need to apply for a licence.
- To subscribe to the full data, click on the link below: https://www.ihsmarkit.com/about/contact-us.html
- For further information, please phone IHS Markit on +800 6275 4800 or email economicszihsmarkit.com (Reporting by Jonathan Cable; Editing by Catherine Evans)