PARIS, Nov 6 Reuters France39;s services sector began the fourth quarter on a weak footing, with activity contracting at the fastest pace since March as demand conditions deteriorated, a survey of business executives showed on Wednesday. The HCOB France Services PMI, compiled by SP Global, fell to 49.2 in October from 49.6 in September, below […]

Nov 6 Reuters German industrial orders rose more than expected in September thanks to largescale orders such as aircraft, ships, trains and military vehicles, according to data released on Wednesday. Orders increased by 4.2 on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said. A Reuters poll of analysts […]

TOKYO, Nov 6 Reuters Japanese trading house Itochu on Wednesday posted 438.4 billion yen 2.9 billion in net profit for the six months to endSeptember, up 6 from a year earlier, on nonresource items including food and the FamilyMart convenience store chain. Itochu kept its net profit forecast for the fiscal year unchanged at 880 […]

BENGALURU, Nov 6 Reuters Growth in India39;s dominant services industry picked up last month after dipping to a 10month low rate in September amid a marked expansion in demand, according to a business survey that also showed the sector39;s workforce increased sharply. That signaled a relatively strong start for Asia39;s thirdlargest economy in 202439;s final […]

LONDON, Nov 6 Reuters Britain39;s Marks Spencer faces 120 million pounds of extra costs next year as a result of the government39;s budget on Oct. 30, the food and clothing retailer39;s chief executive said on Wednesday. An increase to employers39; social security contributions amounts to a 60 million pound headwind to MS next year, while the 6.7 […]

BEIJING, Nov 5 Reuters China39;s services activity expanded at the fastest pace in three months in October, helped by early signs that Beijing39;s big stimulus push was helping improve business conditions, a privatesector survey showed on Tuesday. The CaixinSP Global services purchasing managers39; index PMI grew to 52.0 in October from 50.3 the previous month. […]

LONDON, Nov 5 Reuters The global monetary easing cycle ground along in October, with central banks across developed and emerging economies lowering interest rates ahead of the year39;s biggest geopolitical event, the U.S. election. Three of the four central banks overseeing the 10 most heavily traded currencies that held meetings in October lowered benchmarks. Central […]

NAIROBI, Nov 5 Reuters The International Monetary Fund has raised Ethiopia39;s net international reserves target to facilitate payments of upcoming hard currency bills, the Fund said. The East African nation secured a 3.4 billion, fouryear financing program from the IMF in July after carrying out a series of reforms including floating its birr currency . It is […]

MADRID, Nov 5 Reuters The negative effect of lower interest rates on Spanish banks39; profitability should be limited and at least partly offset by rising loan volumes, the Bank of Spain said on Tuesday. Any downward pressure on banks39; margins would be countered, at least in part, by a more favourable evolution of the volume […]

Q3 GDP growth at 4.95 yy vs 5.05 in Q2 Q3 household consumption slowed, investment accelerated 2024 growth seen at around 5, econ minister says JAKARTA, Nov 5 Reuters Indonesia39;s gross domestic product in the third quarter increased 4.95 from a year earlier, its slowest pace in a year, data from the statistics bureau showed […]