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 […]

HONG KONGSHANGHAI, Nov 29 Reuters Chinese property developers39; shares and bonds soared on Tuesday after regulators lifted a ban on equity refinancing for listed firms, the latest support measure for a cashsqueezed sector that has been a key pillar of the world39;s No. 2 economy. The move will make it easier for developers to obtain […]

Nov 29 Reuters Spain39;s consumer prices in the 12month period to November rose 6.8, a slower pace than the 7.3 over the 12 months to October, preliminary data from the National Statistics Institute INE showed on Tuesday. The reading was the lowest since January and below the 7.4 forecast by analysts polled by Reuters. Core […]

Nov 29 Reuters The yuan jumped against the dollar on Tuesday ahead of a COVID19 press briefing in China that is spurring hopes of a potential easing in the country39;s strict pandemic restrictions following an unprecedented episode of unrest. The offshore yuan surged 1.2 to 7.1607 a dollar after a statement from the Chinese government […]

BEIJING, Nov 28 Reuters China39;s factory activity is expected to have contracted further this month, piling pressure on the economy as COVID restrictions hit production and exports fell despite a flurry of stimulus policies, a Reuters poll showed on Monday. The official manufacturing Purchasing Manager39;s Index PMI was forecast at 49.0 in November from 49.2 […]

Data due at 1200 GMT on Wednesday, Nov. 30 BENGALURU, Nov 28 Reuters The Indian economy likely returned to a more normal 6.2 annual growth rate in JulySeptember after doubledigit expansion in the previous quarter, but weaker exports and investment will curb future activity, a Reuters poll showed. In AprilJune, Asia39;s thirdlargest economy showed explosive […]

Cheaper rent, cheaper bills Some people moving permanently Greek tourism minister toured north Europe to seek visitors Other countries have also campaigned MADRIDLISBON, Nov 28 Reuters Software developer Victor Varlamov logs in every morning to work on a sunny Spanish island off the coast of Africa after the prospect of steep heating bills and a […]

FRANKFURT, Nov 28 Reuters Bank lending to euro zone companies held steady, maintaining the sector39;s biggest borrowing binge in over a decade, despite rising interest rates and a looming recession, European Central Bank data showed on Monday. Lending to businesses in the 19country euro area expanded by 8.9 in October, unchanged on September when it […]

SYDNEY, Nov 28 Reuters New Zealand is likely facing a shallow recession as interest rates need to rise further to tame inflation, a top central banker said on Monday, suggesting that a pause in the policy tightening streak was still a distant prospect. In an interview, Reserve Bank of New Zealand RBNZ Assistant Governor Karen […]

HONG KONG, Nov 28 Reuters Hong Kong private home prices fell 2.4 in October, the biggest drop since November 2018, official data showed on Monday, dragged down by worsening market sentiment amid a pessimistic economic outlook. The drop in home prices last month in one of the world39;s most unaffordable housing markets followed a revised […]