BERLIN, Oct 14 Reuters The European Union wants a level playing field with China on car tariffs and is negotiating with Beijing on mechanisms such as price commitments or investments in Europe as a solution, European Commission chief Ursula von der Leyen said on Monday. Speaking alongside German Chancellor Olaf Scholz in Berlin, she said […]

BERLIN, Oct 14 Reuters The four German states with a Volkswagen presence want to work together to ensure that the struggling carmaker does not shut any of its plants, the states39; economy ministries said in a joint position paper seen by Reuters on Monday. The number one goal is to fully preserve all sites, said the […]

Oct 15 Reuters French consumer prices fell more than initially expected in September, the INSEE statistics agency said on Tuesday, revising the headline annual consumer price index to 1.4, strengthening the case for a possible ECB rate cut this week. EUharmonised yearonyear inflation in the bloc39;s secondbiggest economy reached its lowest level since early 2021, down from 2.2 in August. The […]

UK wage growth excluding bonuses slowest since June 2022 Data keeps Bank of England on track to cut rates in November Budget looms over jobs market, Reeves hints at NI hike Vacancies fall close to preCOVID norms LONDON, Oct 15 Reuters British pay grew at its slowest pace in more than two years in the […]

BEIJING, Oct 15 Reuters China39;s exports to Russia grew 15.7 in September from a year earlier, the fastest pace in nine months and up from a 10.1 gain a month prior, Chinese customs data showed on Monday, following fresh agreements to expand economic cooperation. By contrast the data, in yuan terms, showed that imports from […]

PM Orban struggles to revive economy from inflationled downturn Move could channel more than 800 mln to housing market in 2025 Combined impact with other savings could reach up to 2.73 bln Orban has previously used pension savings for shortterm goals BUDAPEST, Oct 14 Reuters Hungary39;s economy ministry proposed on Monday that savings in private […]

Oct 14 Reuters Indian carmakers39; sales to dealers marked the first decline in 10 quarters in the July to September period, data from an industry body showed on Monday, as the once redhot consumer demand for big cars petered out. Automakers39; sales to dealers dropped in July, August and September for an aggregate 1.8 yearonyear […]

China39;s deflation pressures increased in September Consumer inflation cools, producer deflation deepens Stronger stimulus measures needed, fiscal steps expected BEIJING, Reuters China39;s consumer inflation unexpectedly eased in September, while producer price deflation deepened, heightening pressure on Beijing to roll out more stimulus measures quickly to revive flagging demand and shaky economic activity. Finance Minister Lan Foan told […]

Exports grow at slowest pace in 5 months, miss forecast Imports also undershoot, underline weak domestic demand Export volumes remained resilient, analysts said Trade barriers could undercut efforts to lift growth BEIJING, Oct 14 Reuters China39;s export growth slowed sharply in September while imports also unexpectedly decelerated, undershooting forecasts by big margins and suggesting manufacturers […]

IMF, MDB liquidity support needed to head off debt crisesTreasury39;s Shambaugh US Treasury seeking debt progress at IMFWorld Bank Annual Meetings IMF should design programs to allow countries to maintain core investmentsShambaugh IMF should put more scrutiny on China39;s external surplusesShambaugh WASHINGTON, Oct 11 Reuters The U.S. Treasury39;s top economic diplomat on Friday called on […]