May 2 Reuters German chip equipment supplier Siltronic reported a 27.5 drop in firstquarter core profit on Thursday, a week after it slashed annual targets due to customers39; still high inventories. The company, which makes silicon wafers used in semiconductor chips, posted quarterly earnings before interest, tax, depreciation and amortisation EBITDA of 90.8 million euros 97.3 […]

JAKARTA, May 2 Reuters Indonesia39;s annual inflation rate cooled slightly in April as pressure from some food prices eased as the harvest season began, the country39;s statistics bureau said on Thursday, staying within the central bank39;s 1.5 to 3.5 target range. The Consumer Price Index rose 3.00 on a yearly basis in April, compared with […]

LONDON, May 2 Reuters Britain will suffer some of the lowest rates of economic growth and highest inflation among Group of Seven countries this year and next, forecasts from the Organisation of Economic Cooperation and Development suggested on Thursday. The OECD cut this year39;s growth forecast for the British economy to 0.4 from 0.7 it […]

LONDON, May 1 Reuters British manufacturing fell back into contraction in April and cost pressures escalated, although the pace of decline was a little less marked than first feared, a survey showed on Wednesday. The SP Global UK Manufacturing Purchasing Managers39; Index PMI fell in April to 49.1. While higher than a preliminary flash estimate […]

SEOUL, May 1 Reuters South Korea39;s exports rose for a seventh straight month in April, trade data showed on Wednesday, as strong demand for chips continued to lead growth while automobile sales and U.S. shipments climbed to record highs. Overseas sales by Asia39;s fourthlargest economy rose 13.8 from the same month a year earlier to […]

TOKYO, May 1 Reuters Japan39;s factory activity shrank at a slower pace in April as declines in output and new orders eased, a privatesector survey showed on Wednesday. Inflationary pressure continued but firms found market demand was strong enough to allow them to raise output costs, the survey found. The final au Jibun Bank Japan […]

LISBON, May 1 Reuters Portugal swung to an unexpected budget deficit of 259 million euros 276 million in the first quarter from a surplus of 5.1 billion euros a year ago, the finance ministry said, blaming the previous government for last minute measures that worsened accounts. It said in a statement late on Tuesday that […]

BOJ39;s quarterly report signals several rate hikes forthcoming Governor Ueda drops sign of rate hike around autumn this year Ueda flags raising rates to level deemed neutral to economy Analysts say BOJ could hike rates to 1 by around late 2025 BOJ39;s neutral rate estimate may serve as future policy cue TOKYO, May 1 Reuters […]

LONDON, May 1 Reuters U.S. investors are buying up London commercial property at the fastest rate in eight years, data compiled by BNP Paribas39;s real estate arm showed, lured by signs the market in Britain is recovering faster than the harderhit United States. Commercial property values and sales have plunged globally in recent years including in Britain […]

LONDON, May 1 Reuters British house prices fell unexpectedly for a second month running during April, figures from mortgage lender Nationwide showed on Wednesday. House prices fell 0.4 monthonmonth, after a 0.2 drop in March. A Reuters poll had pointed to a 0.2 increase. In annual terms, house price growth cooled to 0.6 from 1.6. […]