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By Orathai Sriring BANGKOK (Reuters) - Thailand's junta wants to sell a positive story about its coup saving a troubled economy from recession, and while it seems to have business on board there is little evidence yet of a sustainable, broad-based recovery. A plethora of Thai companies shared the military government's optimism in recent earnings reports, looking to improved conditions after the May 22 coup ended six months of protests that paralysed the government and bureaucracy. Public spending, consumption and agriculture have picked up, but manufacturing, private investment, exports and tourism remain weak, official data show. Gundy Cahyadi, economist with DBS Bank in Singapore, said higher exports, factory output and capacity utilization were needed to signal the economy was on a sustainable recovery.
By Herbert Lash NEW YORK (Reuters) - Global equity markets moved higher on Thursday, with the S&P 500 closing at an all-time high, as U.S. Data on German private-sector growth reassured investors about the outlook for Europe's biggest economy following a soft patch, while U.S.
Russian authorities launched nationwide inspections of McDonald's restaurants Thursday after shutting three wildly-popular Moscow locations on apparent government orders aimed at striking back against biting Western sanctions. Russia has a long and varied history of using sudden food safety concerns as a political weapon against unfriendly states. Washington and its EU allies have imposed restrictions on broad sections of Russia's economy in response to the Kremlin's perceived attempts to carve up Ukraine as punishment for its decision to anchor its future with the West. Russia responded by blacklisting nearly all US and European food imports and threatening even more drastic measures that could effectively cut off the country from Western goods for the first time since the Soviet era.