Euro zone GDP up 0.7 qq in Q2 vs 0.2 forecast Bloc bellwether Germany stagnates Mild recession on cards in H2economists Inflation jumps to 8.9 in July, above forecast BRUSSELSFRANKFURT, July 29 Reuters The euro zone economy grew much faster than expected in the second quarter, but economists said it might be the economy39;s last […]

HONG KONG, July 28 Reuters China39;s crisishit property sector has driven underperformance this year in some Asiafocused credit funds, including one led by a former Lehman Brothers portfolio manager, pummelling their returns and bringing years of gains to a juddering halt. Hong Kongbased LR Capital39;s Asia Credit Alpha Fund, a hedge fund with more than […]

July 28 Reuters British car production rose 5.6 in June from a year earlier, as supply chain snags began to ease and zeroemission vehicles saw a record month, an industry body said on Thursday. The Society of Motor Manufacturers and Traders SMMT said 72,946 units were built in June, up from 69,097 units last year, […]

LONDON, July 28 Reuters Britain39;s commercial real estate sector is entering or might already be in a downturn, according to an industry survey, as higher interest rates push up investors39; financing costs and weaker consumer sentiment hurts demand for retail space. The Royal Institution of Chartered Surveyors RICS said on Thursday that 43 of respondents […]

MUMBAI, July 28 Reuters India39;s gold demand in the first half of 2022 jumped 42 from a year ago but consumption in the second half could be lower than last year as higher inflation erodes disposable income, the World Gold Council WGC said on Thursday. Lower purchases by the world39;s secondbiggest gold consumer could weigh […]

FRANKFURT, July 27 Reuters Lending to euro zone companies accelerated in June, confounding fears that banks are tightening access to credit as uncertainty about inflation and the fallout of the war in Ukraine are pointing to recession risks, European Central Bank data showed. Lending to companies in the 19country euro area expanded by 6.8 in […]

BEIJING, July 27 Reuters Profits at China39;s industrial firms bounced back to growth in June after two months in the red, underpinned by the resumption of activity in major manufacturing hubs, but fears of a COVID19 resurgence have cast a shadow over future factory output. Profits in June grew 0.8 from a year earlier, rebounding […]

SHANGHAI, July 27 Reuters Chinese smartphone sales in AprilJune fell 14.2 on year and volumes hit a decade low, Counterpoint Research said on Wednesday, as China struggles to recover from the impact of COVID19 lockdowns and the industry braces for more uncertainty. Quarterly sales volumes were 12.6 lower than those seen in the first quarter […]

Q2 CPI rises 1.8 qq, 6.1 yy just under forecasts Core inflation up record 4.9 yy vs RBA target of 23 RBA seen hiking 50bps next week, less chance of 75bps SYDNEY, July 27 Reuters Australian inflation sped to a 21year high last quarter and is likely to accelerate even further as food and energy […]

Govt39;s July report gives more optimistic view on economy Private consumption, employment, import view revised up Report warns of rising raw material prices, supply constraints TOKYO, July 26 Reuters Japan upgraded its overall view on the economy for the first time in three months in July, signalling a broader recovery in economic activity as the […]