LONDON, Oct 7 Reuters British house prices rose in September at the fastest annual pace since November 2022, according to data from mortgage lender Halifax, as expectations of further reductions in borrowing costs added to momentum in the property sector. Halifax figures on Monday showed annual property prices increased by 4.7. That was up from […]

SHANGHAI, Oct 7 Reuters China39;s central bank held back on buying gold for its reserves for a fifth straight month in September, official data showed on Monday, mainly due to a surge in prices for the yellow metal. China39;s gold holdings stood at 72.8 million troy ounces at the end of last month. The value […]

Oct 7 Reuters German industrial orders fell significantly more than expected in August, adding to signs that manufacturing in Europe39;s largest economy will not recover in the coming months. Orders fell by 5.8 on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said Monday. A Reuters poll of analysts […]

LONDON, Oct 7 Reuters Britain39;s jobs market showed more signs of cooling in September as pay growth increased at the slowest pace in almost four years, according to a survey likely to reassure the Bank of England as it considers whether to cut borrowing costs again. The Recruitment and Employment Confederation and KPMG said on […]

MUMBAI, Reuters India on Thursday approved a 101 billion rupee 1.2 billion programme to double edible oil production in the country within seven years, aiming to reduce dependence on costlier imports, the government said in a statement. The world39;s largest importer of edible oils, India currently fulfils nearly twothirds of its demand through overseas purchases of […]

Oct 4 Reuters Britain39;s electric vehicle market will likely miss 2024 targets set by the zeroemission vehicle ZEV mandate, a trade body warned on Friday, and called on the new Labour government to introduce incentives for private buyers to speed up the switch to EVs. The comments were made in an open letter to finance […]

Property bonds rally fuelled by government stimulus measures Gains seen in bonds of leading developers Vanke, Longfor Bonds of developers in default, such Country Garden, also gain Investors watching for home sales numbers for next move HONG KONG, Oct 4 Reuters Some Chinese and global institutional investors are revisiting Chinese property bonds, betting on an […]

54 container ships queued outside ports, risking shortages Tentative deal includes 62 wage hike over six yearssources Strike cost U.S. economy 5 billionday, JP Morgan analysts say Shipping stocks tumble across Asia and Europe Oct 4 Reuters U.S. East Coast and Gulf Coast ports began reopening late on Thursday after dockworkers and port operators reached […]

LONDON, Oct 4 Reuters Britain will provide funding of up to 21.7 billion pounds 28.5 billion over 25 years to develop carbon capture and storage CCS technology to curb emissions from energy, industry and hydrogen production in northern England, the government said on Friday. Britain has a climate target to reach net zero emissions by […]

Indian jewellers unsure about festive demand dealer India domestic prices jumped to a record high last week Japanese dealers offer 0.25 discount to 1 premium this week Oct 4 Reuters Gold demand in India improved slightly this week due to an upcoming festival but remained lower than usual because of recordhigh prices, while Chinese markets […]