AprilJune growth forecast at 15.2 yy vs 4.1 yy in JanMarch Economists see growth slowing down sharply after rate hikes Say economy to grow 6.2 yy in JulySept, 4.5 yy in OctDec India to release GDP data at 1200 GMT on Wednesday NEW DELHI, Aug 31 Reuters India39;s economy probably achieved its fastest annual expansion […]

LONDON, Aug 31 Reuters Confidence among British businesses has sunk to its lowest since March 2021 as companies worry about fastrising inflation, according to a survey published on Wednesday which also showed pay pressures stabilising after a recent rise. Lloyds Bank said its monthly business barometer dropped to 16 in August from 25 in July, […]

DUBLIN, Aug 31 Reuters Ireland39;s unemployment rate rose slightly in August, to 4.3 from the 21year low of 4.2 a month earlier, Central Statistics Office CSO data showed on Wednesday. The jobless rate has bounced up and down on a monthly basis this year but the falls have been greater in a tightening labour market […]

Aug 31 Reuters Portugal39;s monthly unemployment rate slightly eased to 5.9 in July from a revised reading of 6.0 in the previous month, the National Statistics Institute INE said in its flash estimate on Wednesday. The youth unemployment rate 15 to 24 years old fell to 17.8 in July, from 18.9 in the previous month […]

SEOUL, Aug 30 Reuters South Korea said on Tuesday it would cut annual government spending for the first time in more than a decade next year, as it strives to cut back on pandemicera stimulus and help the central bank temper inflationary pressures. Unveiling the first budget proposal under rightleaning President Yoon Sukyeol, the finance […]

Aug 29 Reuters The International Monetary Fund39;s IMF executive board approved a flexible credit line of around 18.5 billion for Chile to give the world39;s leading copper miner greater flexibility to confront risks from commodities price shocks to financial tightening. Chile is one of Latin America39;s most stable democracies but has nonetheless been hit by […]

LONDON, Aug 30 Reuters British credit card borrowing grew at the fastest annual rate since 2005 in the 12 months to July, Bank of England data showed on Tuesday, in a potential sign that households are struggling to make ends meet as the cost of living soars. Credit card borrowing rose by a net 740 […]

Bunzl raises 2022 operating margin outlook UK 2year gilt yields briefly leap to highest since 2008 FTSE 100 and FTSE 250 up 0.6 each Aug 30 Reuters UK39;s FTSE 100 reversed early losses on Tuesday, as banks and energy stocks bounced back after a rough selloff in the bluechip index last week on fears more […]

JACKSON HOLE, Wyo., Aug 27 Reuters European Central Bank policymakers made the case on Saturday for a large interest rate hike next month as inflation remains uncomfortably high and the public may be losing trust in the bank39;s inflationfighting credentials. The ECB raised rates by 50 basis points to zero last month and a similar […]

BEIJING, Aug 29 Reuters China39;s CanSino Biologics reported a 69.5 drop in revenue for the first six months versus a year ago, joining global and domestic COVID19 vaccine makers affected by waning demand for their shots. The decline from 2.06 billion yuan 299.8 million to 629.8 million yuan was mainly driven by weaker COVID vaccine demand […]