BRUSSELS, Dec 7 Reuters Euro zone gross domestic product GDP grew by slightly more than initially estimated, data from the European statistics agency Eurostat showed on Wednesday, with household spending and business investment propping up the economy. Eurostat said GDP growth in the third quarter was 0.3 in the 19country euro area in the JulySeptember […]

LONDONSTOCKHOLM, Dec 7 Reuters The European tech industry saw 400 billion in value wiped out this year and an 18 decline in venture capital funding, according to a report from venture capital firm Atomico. The combined value of public and private tech firms in Europe fell to 2.7 trillion, down from 3.1 trillion in late […]

Global stocks index down 0.3; dollar firm China relaxes COVID rules but imports, exports slump India hikes rates; Bank of Canada rate announcement due MILANSINGAPORE, Dec 7 Reuters World stocks eased on Wednesday and bonds remained supported after a chorus of Wall Street bankers warned about a likely recession ahead, tempering optimism about China39;s major […]

LONDON, Dec 6 Reuters British grocery inflation edged lower in November, a first decline in nearly two years, but remained near record highs, providing little relief for consumers ahead of the key Christmas trading period, industry data showed on Tuesday. Market researcher Kantar said grocery inflation in the four weeks to Nov. 27 was 14.6, […]

SYDNEY, Dec 6 Reuters Australia39;s central bank on Tuesday raised interest rates to a 10year high and stuck with its projection that more hikes are needed to cool inflation, a stance taken as slightly hawkish by markets that were looking for signs of a pause in the near term. Wrapping up its last policy meeting […]

SYDNEY, Dec 6 Reuters Australia39;s current account fell into deficit for the first time in three years last quarter as robust domestic demand sucked in imports and miners paid more dividends abroad, though the drag on economic growth was not as large as first feared. Data from the Australian Bureau of Statistics on Tuesday showed […]

Exports median forecast 6.7 yy prior month 0.5 Imports median forecast 0.6 yy prior month 8.2 Balance median forecast 3.2 bln prior month 2.99 bln CPI median forecast 2.5 yy prior month 2.72 TAIPEI, Dec 5 Reuters Taiwan39;s exports likely dropped in November for the third month in a row and at a much sharper […]

Dec 5 Reuters British new car registrations jumped nearly 24 in November from a year earlier to record their fourth straight month of gains, driven by sales of large fleets and a pickup in demand from private buyers, an industry body said on Monday. The Society of Motor Manufacturers and Traders SMMT said registrations in […]

Trade data due on Wednesday, Dec 7 BEIJING, Dec 5 Reuters China39;s exports and imports likely contracted further in November due to weakening global demand, production disruptions and waning demand at home amid widespread pandemic controls, a Reuters poll showed on Monday. Data for November are expected to show a 3.5 fall in outbound shipments […]

BP sees fast growth in lowcarbon hydrogen Fuel to benefit from government subsidies CEO Looney to announce hydrogen production targets BP plans big hydrogen project at Whiting, Indiana refinery LONDON, Dec 5 Reuters BP chief executive Bernard Looney is betting on hydrogen to power future lowcarbon businesses as the governments of major economies stump up […]