PMI data compound expectations of European recession Dollar on top after euro hits 20yr low, sterling skids Investors ask how hawkish will Fed be at Jackson Hole Oil bounces as Saudis talk of cutting output Firmer U.S. stock futures put floor under European shares LONDON, Aug 23 Reuters Weakening economies in Germany and France piled […]

LONDON, Aug 23 Reuters Business activity across the euro zone contracted for a second straight month in August as the cost of living crisis forced consumers to curtail spending while supply constraints continued to hurt manufacturers, a survey showed on Tuesday. The global economy is increasingly at risk from sliding into recession as Russia39;s invasion […]

BENGALURU, Aug 23 Reuters India39;s ecommerce companies are adding delivery personnel at a rapid pace, fearing a labour shortage might cause them to lose out in one of the biggest annual shopping seasons that begins in earnest next month. The moves come amid a tightening job market India39;s unemployment rate fell below 7 in July […]

LONDON, Aug 23 Reuters British industrial output fell over the past three months for the first time since February 2021, adding to signs of an manufacturing slowdown, a survey from the Confederation of British Industry showed on Tuesday. The CBI said its balance for output volumes over the past three months which measures the difference […]

ISTANBUL, Aug 22 Reuters The number of foreign visitors arriving in Turkey leapt 53 from a year earlier to 6.67 million in July, data showed on Monday, sustaining a powerful recovery from the sectoral slump triggered in 2020 by the COVID19 pandemic. The arrivals compared with 4.36 million foreign visitors in July 2021 and 932,927 […]

DUBAI, Aug 22 Reuters Gulf buy now, pay later BNPL firm Tamara said on Monday it raised 100 million in a second round of fundraising from investors including Sanabil Investments, which is owned by Saudi Arabia39;s sovereign wealth fund PIF. The series 39;B39; funding would support the Saudibased startup to expand into new markets, and […]

BERLIN, Aug 22 Reuters German exports beyond the European Union fell by 7.6 on the month in July, the Federal Statistics Office said on Monday, marking a weak start to the second half in the engine room of Europe39;s largest economy. The decline came after three rises in a row. The economy stagnated in the […]

LONDON, Aug 22 Reuters Britain recorded its biggest fall in output in more than 300 years in 2020 when it faced the brunt of the COVID19 pandemic, as well as a larger decline than any other major economy, updated official figures showed on Monday. Gross domestic product fell by 11.0 in 2020, the Office for […]

LONDON, Aug 18 Reuters British consumers39; spending on credit and debit cards fell sharply over the past week and other measures of their behaviour were either stable or declined, weekly data collated by the Office for National Statistics showed. Credit and debit card spending which is based on Bank of England CHAPS interbank payment flows, […]

LONDON, Aug 18 Reuters The Bank of England set out plans on Thursday to auction off around 200 million pounds 241 million of corporate bonds a week from next month, as it moves ahead with its plans to unwind its huge stimulus push of recent years. The BoE bought nearly 20 billion pounds of investmentgrade […]