ISTANBUL, July 4 Reuters Turkey39;s annual inflation rate jumped to a 24year high of 78.62 in June, data showed on Monday, just above forecast, driven by the impact of the Ukraine war, soaring commodity prices and a slide in the lira since a December crisis. Inflation has surged since last autumn, when the lira slumped […]

LONDON, July 1 Reuters Euro zone manufacturing production fell last month for the first time since the initial wave of the coronavirus pandemic two years ago as higher prices and a darkening economic outlook kept consumers wary of making purchases, a survey showed. SP Global39;s final manufacturing Purchasing Managers39; Index PMI fell to 52.1 in […]

TOKYO, July 1 Reuters Japan39;s factory activity growth slowed in June as supply disruptions in part due to China39;s strict COVID19 curbs hurt manufacturers, keeping the economy underpowered and with few catalysts in the short run to spur a robust recovery. Businesses said that rising costs and persistent material shortages led to a slower improvement […]

SYDNEY, July 1 Reuters Australian home prices slipped for a second month in June as once redhot markets in Sydney and Melbourne felt the chill from rising interest rates and a costofliving crunch. Figures from property consultant CoreLogic out on Friday showed prices nationally fell 0.6 in June from May, when they dipped 0.1. Prices […]

July 1 Reuters U.S. mortgage lenders, refinancing companies and realestate brokers may lay off thousands of employees in the coming months, industry sources said, as many Americans put off buying a home. Low interest rates, stimulus payments and working from home during the coronavirus pandemic had prompted many millennials to hunt for new homes, fuelling […]

NEW DELHI, June 30 Reuters India39;s federal fiscal deficit between April and May touched 2.04 trillion rupees 25.84 billion, or 12.3 of the yeartoMarch budgeted target, government data showed on Thursday. In first two months of the current fiscal year, net tax receipts were 3.08 trillion rupees while total expenditure was 5.86 trillion rupees, the data […]

LONDON, June 30 Reuters Credit rating agency Fitch downgraded its view on sovereign debt on Thursday on concerns about the rise in global borrowing costs and the potential for a flurry of new defaults. Fitch, which monitors over 100 countries, said the UkraineRussia war was stoking problems such as higher inflation, trade disruptions and weaker […]

Big manufacturers39; sentiment index at 9 vs f39;cast 13 Big nonmanufacturers39; index at 13 vs f39;cast 14 Capex plans for big firms seen rising 18.6 yryr in fiscal 2022 Tokyo core consumer prices rises at fastest pace in 7 years Tankan among data to be scrutinised at BOJ39;s July 2021 meeting TOKYO, July 1 Reuters […]

First German company to raise alarm over scarce gas, prices Gas stocks lowest since early 2017 Fortum says will help but crisis requires big efforts Works council wants German government to step in FRANKFURTDUESSELDORFBERLIN, June 30 Reuters Germanys Uniper is in talks about a possible government bailout as the financial fallout from dwindling supplies of Russian […]

LONDON, June 29 Reuters Britain39;s economy is struggling under the strain of two major risks in the form of doubledigit inflation and a possible recession, leaving the Bank of England in a dilemma about how much further it should raise interest rates. The BoE has raised borrowing costs five times since December and its next […]