BERLIN, Dec 1 Reuters German retail sales fell morethanexpected in October, data showed on Thursday, as inflation had consumers holding back on nonessential purchases at the start of the fourth quarter. Retail sales were down 2.8 on the month in October, a further drop than the 0.6 dip in priceadjusted terms expected by analysts polled […]

ZURICH, Dec 1 Reuters Swiss consumer price inflation held steady at 3.0 in November but still overshot the Swiss National Bank39;s 02 target range for the 10th month in a row, data showed on Thursday. Economists had on average expected the yearonyear rate to hold steady at October39;s 3.0, off peaks at midyear that touched […]

South Korea Nov exports worst in 30 months, worse than expected Exports to China 25.5, worst since May 2009 Weak China demand, downward chip cycle hit SEOUL, Dec 1 Reuters South Korea39;s exports in November suffered their worst annual drop in 212 years, hurt by cooling global demand in major markets led by China and […]

SEOUL, Dec 1 Reuters South Korea39;s factory activity shrank for a fifth straight month in November but the downturn moderated slightly, a privatesector survey showed on Thursday, possibly suggesting the worst is over for businesses. The SP Global purchasing managers39; index PMI for South Korea manufacturers rose to a seasonallyadjusted 49.0 in November from 48.2 […]

European PMI data suggests downturn may not be as bad China39;s private survey shows continued PMI contraction Factory activity shrinks in Japan, South Korea Surveys highlight darkening outlook for Asia next year LONDONTOKYO, Dec 1 Reuters Factory output fell widely last month as slowing global demand and the impact of China39;s COVID19 lockdowns weighed, although […]

ATHENS, Dec 1 Reuters Greece39;s jobless rate eased to 11.6 in October from an upwardly revised 12 in September, data from statistics service ELSTAT showed on Thursday. The reading was the lowest recorded since March 2010 at the start of Greece39;s decadelong economic crisis following the revision of last month39;s figure. Unemployment had reached its […]

LONDON, Dec 1 Reuters British businesses reported cooling price pressures but warned of lower employment and investment ahead, in a Bank of England survey on Thursday that should reassure policymakers that their interest rate rises are taking effect. Businesses on average reported that they have raised prices by 7.2 over the 12 months to November, the smallest […]

Oct tourist arrivals soar 760.9 after September39;s 568.5 growth Oct jewellery, watch sales up 13.6 yy vs September39;s 6.8 rise Govt says tightened financial conditions may pose challenge HONG KONG, Dec 1 Reuters Hong Kong39;s retail sales rose in October helped by improved tourism from eased pandemic restrictions and disbursement of a new batch of […]

SHANGHAI, Nov 30 Reuters As macroeconomic risks induce unprecedented levels of volatility in China39;s yuan, investors are betting that authorities may widen the currency39;s tight trading band for first time since 2014 to allow market forces greater say. China39;s yuan is allowed to move in a narrow range of 2 against the U.S. dollar, around […]

EDF, KHNP and Westinghouse Electric make initial bids Final bids expected by the end of September 2023 1,200 MW unit expected to be completed by 2036 PRAGUE, Nov 30 Reuters France39;s EDF, South Korea39;s KHNP, and U.S.Canadian group Westinghouse Electric have made initial bids to build a new unit at the Czech Republic39;s Dukovany nuclear […]