News Snapshot:
Asia's factory activity slowed in May as China's strict coronavirus curbs continued to disrupt supply chains and dampen demand. This added to woes for some countries in the region that are already struggling with surging raw material prices. Manufacturers slowed activity last month in economies ranging from Japan to Taiwan and Malaysia, business surveys showed today, a sign of the challenge policymakers face in combating inflation with tighter monetary policy - without crippling growth. China's Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) stood at 48.1 in May. It improved from 46 the previous month but stayed below the 50-point threshold that...
