BERLIN, Oct 2 Reuters The German automotive sector was able to recover somewhat in September from a dramatic tumble in sentiment the previous month but it remains deep in negative territory, according to an industry survey published on Wednesday. The Ifo Institute39;s business climate index for the sector improved by 1.3 points in September to […]

KAMPALA, Oct 2 Reuters Uganda has formed a stateowned mining company to manage the government39;s equity interests in mining operations, its minister for energy and mineral development, Ruth Nankabirwa, said. All mining activities in the east African country have previously been done by private firms after obtaining exploration and mining licenses. Under a new mining […]

LONDON, Oct 2 Reuters Pay settlements awarded by British employers held at their lowest in two years in the three months to August, according to a survey that could reassure the Bank of England as it considers whether to cut interest rates again. Incomes Data Research said on Wednesday that the median pay settlement awarded […]

S.Korea Sept inflation 1.6 yy vs 1.9 forecast Falls below BOK39;s target for first time since early 2021 Firms rate cut case ahead of policy meeting on Oct. 11 SEOUL, Oct 2 Reuters South Korea39;s consumer inflation cooled more than forecast in September and below the central bank39;s target for the first time since early […]

BERLIN, Oct 2 Reuters German plant and equipment makers39; orders jumped 7 in August, driven by a surge in contracts from abroad due to oneoff effects, the VDMA association said on Wednesday, cautioning that the situation had not yet hit the bottom. Overall, orders were up 7 in real terms on the year in August, […]

PM Starmer to host international investors on Oct. 14 UK needs billions to upgrade infrastructure and foster growth Investors want clarity on utilities regulation, budget plans Public anger at private water companies for dirty rivers LONDON, Oct 2 Reuters British Prime Minister Keir Starmer faces a tough sales job this month in his first highprofile […]

LONDON, Oct 2 Reuters Barclays European equity strategists have closed their underweight position in autos and discretionary stocks, due to an improving situation for consumers, and downgraded banks due to expectations for faster European Central Bank rate cuts. We close our UW on Autos as the recent round of severe profit warnings, and poor performance, […]

WASHINGTON, Oct 1Reuters U.S. manufacturing held steady at weaker levels in September, but new orders improved and prices paid for inputs declined to a ninemonth low, which together with falling interest rates bode well for a rebound in activity in the coming months. The Institute for Supply Management ISM said on Tuesday its manufacturing PMI […]

NEW DELHI, Oct 1 Reuters India collected 1.73 trillion rupees 20.64 billion in gross goods and services tax GST in September, a rise of 6.5 from the same period last year, the government said in a statement on Tuesday. The government had collected 1.63 trillion rupees as GST in the same month last year. After […]

ISLAMABAD, Oct 1 Reuters Pakistan39;s annual consumer price inflation slowed to 6.9 in September, data showed on Tuesday, the lowest in more than three years, as the government seeks to implement IMF conditions that many households fear will hit them hard financially. Annual inflation had slowed the previous month to 9.6, the first single digit reading in […]