WASHINGTON, Oct 24 Reuters The number of Americans filing new applications for unemployment aid unexpectedly fell last week, but more people were collecting benefits in midOctober, which raises the risk of a rise in the jobless rate this month. Initial claims for state unemployment benefits dropped 15,000 to a seasonally adjusted 227,000 for the week […]

TOKYO, Oct 24 Reuters Japan39;s factory activity contracted for the fourth straight month in October on subdued demand and weak orders, a privatesector survey showed on Thursday. The au Jibun Bank flash Japan manufacturing purchasing managers39; index PMI declined to 49.0 in October from 49.7 in September. The index stayed below the 50.0 threshold separating […]

BERLIN, Oct 24 Reuters India remains the driving force for German investments in the AsiaPacific region, according to a survey by the network of German Chambers of Commerce Abroad AHK, seen exclusively by Reuters on Thursday. The AHK World Business Outlook, which surveyed around 820 member companies in the AsiaPacific and Greater China region, shows […]

BENGALURU, Oct 24 Reuters Growth in India39;s business activity picked up slightly in October after softening last month, led by stronger demand in the manufacturing sector, according to a survey that also showed job creation rose at the fastest pace since February 2006. HSBC39;s flash India Composite Purchasing Managers39; Index, compiled by SP Global, rose […]

Abu Dhabi, Dubai vie for investor attention Abu Dhabi has gained momentumsources Ease of regulations, sovereign wealth funds draw new firms to Abu Dhabi Dubai remains ahead with over 370 wealth managers and vibrant financial district as of endJune DUBAI, Oct 24 Reuters Abu Dhabi is emerging from Dubai39;s shadow as it attracts its own […]

S.Korea Q3 GDP 0.1 qq vs 0.5 forecast Exports fall for first time in nearly 2 years Central bank flags downgrade in GDP forecast SEOUL, Oct 24 Reuters South Korea39;s economy barely grew in the third quarter as consumer spending showed signs of recovery but exports declined, raising the chances for more stimulus to support […]

NEW DELHI, Oct 23 Reuters India has removed the floor price for the export of nonbasmati white rice, the government said in an official order on Wednesday, to help farmers and exporters sell various grades of rice on the world market. Buoyed by forecasts of higher rice output, farmers and rice exporters recently urged the […]

MUMBAI, Oct 23 Reuters India cannot risk another bout of inflation and the monetary policy committee MPC must adopt a cautious approach to lowering interest rates, members of the ratesetting panel said in the minutes of the October meeting. The MPC, which consists of three Reserve Bank of India RBI and three external members, had […]

Reduces provisions for Postbank litigation Increases forecast for credit loss provisions Investment bank revenue up Cologne court rules against Deutsche on Postbank FRANKFURT, Oct 23 Reuters Deutsche Bank has raised its forecast for bad loans against the backdrop of a weak German economy, as the bank returned to profit in the third quarter, boosted by investment […]

Oct 22 Reuters CVS Health last week named as CEO a triedandtested company veteran, the latest in a handful of firms this year that have turned to an experienced executive to take the helm, hoping to quell investor concerns amid economic uncertainty. Following pressure from an activist investor, CVS hired David Joyner to replace Karen Lynch. During her […]