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Surveys of purchasing managers recorded a pickup in activity in the eurozone, Japan and India during August, suggesting the global economy might avoid a further modest slowdown in the third quarter.
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Samsung SDI, the battery-making arm of Samsung Group, said Friday it will sell part of its stake in Samsung Display to raise funds for future growth investments.
Key PointsThe 30-year Treasury bond yield recently soared to 5.31% (the highest level since June 2007) due to anxiety about corporate bonds, interest rate hikes, and national debt.
Bond markets shrug off Treasury efforts to curb borrowing costs
The United Kingdom (UK) S&P Global Composite Purchasing Managers' Index (PMI) expanded surprisingly at a faster pace to 52.5 in August due to robust service sector activity.
Gold rises on back of softer dollar and US Treasury’s bond buyback move
Treasury yields held close to flat after earlier retracing sharp falls that initially followed the Treasury’s surprise bond market intervention.
