LISBON, Oct 8 Reuters The Bank of Portugal on Tuesday lowered the economic growth outlook for this year to 1.6 from 2.0 it projected in June, pointing to an anaemic third quarter with a slowdown in exports and private consumption. It expects the economy, which grew 2.5 in 2023, to expand by 2.1 next year […]

BEIJINGHONGKONG, Oct 8 Reuters China39;s average daily home sales during the Golden Week holiday leapt 23 by floor area from the same period last year, boosted by improved market sentiment after the government39;s support policies, a survey by the China Index Academy showed on Tuesday. The market, in a slump since 2021 after a string […]

LONDON, Oct 7 Reuters British firms have grown more downbeat about the outlook as concerns about the tax impact of the new Labour government39;s upcoming autumn budget and conflict in the Middle East dampened sentiment, a survey showed on Tuesday. The British Chambers of Commerce said 48 of 5,152 companies it surveyed between Aug. 19 […]

Property and casualty insurance stocks slump on Hurricane Miltonrelated fears Another catastrophe adds to insurers39; Florida woes Analysts say the full extent of hurricane season damage still unknown Reuters U.S. property and casualty insurance stocks tanked on Monday after Hurricane Milton intensified into a category 4 storm on its path towards Florida39;s western coast, marking yet another […]

Oct 8 Reuters German industrial production rose more than expected in August thanks to an increase in production in the automotive industry. Production increased by 2.9 in August compared to the previous month, the federal statistics office said on Tuesday. Analysts polled by Reuters had predicted a 0.8 rise. Production in the automotive industry is […]

LONDON, Oct 8 Reuters The British pound drifted near more than threeweek lows against the dollar on Tuesday as investors assessed geopolitical risks in the Middle East and the next steps in the Bank of England39;s easing cycle. Sterling tumbled last week after BoE Governor Andrew Bailey was quoted as saying the central bank might […]

Oct 7 Reuters Global money market funds attracted large inflows in the week to Oct. 2 as investor caution ahead of a key U.S. payrolls report and heightened geopolitical tensions in the Middle East boosted demand for safer assets. Investors bought money market funds worth a net 23.21 billion during the week, following a massive 98.19 billion […]

ATHENS, Oct 7 Reuters The Greek government is forecasting economic growth of 2.3 in 2025, outperforming Europe39;s major economies, thanks to strong tourism revenues, robust consumer spending and investment, a 2025 draft budget showed on Monday. Greece, which is still recovering from a debt crisis that nearly saw the country drop out of the euro […]

OSLO, Oct 7 Reuters Norway39;s minority government said on Monday it plans to raise spending in 2025 from the country39;s 1.8 trillion sovereign wealth fund to pay for public expenses, with elections for parliament due in September of next year. The government of Labour and the Centre Party proposed withdrawing 460.1 billion Norwegian crowns 43.1 […]

London, Oct 7 Reuters The uptrend in demand for metals such as copper used in electric vehicles is intact despite doubts raised by the slowdown in EV sales, but estimating numbers is difficult as the market is evolving, commodity trader IXM39;s head of refined metal said. Sales of electric vehicles have slowed for reasons including […]