BERLIN, Oct 21 Reuters German producer prices fell more than expected in September, declining 1.4 year on year, due mainly to significantly lower energy prices, the federal statistics office said on Monday. Analysts polled by Reuters had expected a 1.0 decline. The main reason for the dip was lower energy prices, which were 6.6 lower […]

China Q3 GDP growth hits early 2023 lows, property remains big drag Sept retail sales, factory output beat f39;casts; home prices tumble Beijing ramps up stimulus to meet 2024 target, says goal achievable Analysts call for clearer policy road map to revitalise economy China39;s economy likely to expand 4.8 in 2024, poll BEIJING, Oct 18 […]

BEIJING, Oct 18 Reuters China39;s thermal power generation in September rose 8.9 from a year earlier, statistics bureau data showed on Friday. Thermal power generation, which refers to generation largely from coal and some gasfired power plants, was 545.1 billion kilowatthours kWh last month, according to the National Bureau of Statistics NBS. That was stronger […]

Singlefamily housing starts rise 2.7 in September Building permits for singlefamily housing up 0.3 Housing still expected to have been a drag on Q3 GDP WASHINGTON, Oct 18 Reuters U.S. singlefamily homebuilding surged to a fivemonth high in September, but permits for future construction rose only marginally amid excess supply of new homes on the […]

KKR has offered 8,800 yen per share in 2stage tender Bain has offered 9,450 yen per share Fuji Soft says Bain offer still under consideration TOKYO, Oct 18 Reuters The board of Japan39;s Fuji Soft will continue to support the first stage of a 558.4 billion yen 3.72 billion buyout offer from KKR, it said on […]

MUMBAI, Oct 18 Reuters The Indian central bank39;s persistent dollar sales on Friday have helped the rupee avert sharp losses amid sustained outflows from local equities, six traders told Reuters. The rupee slipped to its record low of 84.0775 earlier in the session, inching past its previous lifetime low of 84.0750 hit earlier in the […]

Retail sales volumes 0.3 mm v Reuters poll 0.3 New iPhone launch and tech spending help boost Sept sales Joint biggest rise in Q3 sales volumes since mid2021 Shoppers still cautious ahead of budget LONDON, Oct 18 Reuters British retail sales unexpectedly rose in September, according to official data published on Friday that contradicted signs […]

ABUJA, Oct 17 Reuters Nigeria is beginning to reap the benefits of significant policy reforms following a near fiscal crisis in 2020, but must stay the course, the World Bank said on Thursday. President Bola Tinubu has instituted reforms including ending a decadesold petrol subsidy and devaluing the currency to try to boost output, which […]

SYDNEY, Oct 17 Reuters Australian employment beat forecasts for a sixth straight month in September, while the jobless rate held steady, reinforcing the view that the labour market remains tight as market bets for a rate cut by year end diminish. The Australian dollar rose 0.5 to 0.6698, rebounding from a onemonth low, while the […]

Government, central bank have been at odds over some regulatory issues in recent years Better cooperation will improve 39;tone39; of relationship, source says Central bank39;s autonomy law has led to policy coordination challenges BRASILIA, Oct 17 Reuters Brazil39;s government is preparing to cooperate more closely with the central bank on regulatory issues like cryptocurrencies and […]