BERLIN, June 15 Reuters Germany39;s IfW economic institute said on Wednesday it was raising its forecast for German inflation this year to 7.4 from 5.8 previously. For 2023, the IfW raised its inflation forecast to 4.2 from 3.4. IfW, one of the Germany39;s leading institutes and part of a group that advises the government, nevertheless […]

ZURICH, June 15 Reuters Switzerland became the latest country to downgrade its economic growth forecasts on Wednesday, with the government warning risks stemming from the war in Ukraine and food and energy inflation have increased. The Swiss economy is expected to expand by 2.6 in 2022, the State Secretariat for Economic Affairs SECO said, revising […]

BERLIN, June 15 Reuters German steel workers and employers have struck a deal for a 6.5 wage hike from August, ending lengthy negotiations that come amid soaring inflation and a spike in energy prices. This is the highest percentage increase in the steel industry in 30 years, said Knut Giesler, negotiator for powerful labour union […]

June 15 Reuters The average interest rate on the most popular U.S. home loan climbed to its highest level since the 2008 financial crisis and purchase applications were down more than 15 from last year, Mortgage Bankers Association MBA data showed on Wednesday. Still, more homebuyers sought properties compared to a week earlier, perhaps signalling […]

BENGALURU, June 14 Reuters Indian shares ended lower on Tuesday as a surge in wholesale price inflation to 30year highs stoked fears of more interest rate hikes, offsetting positive cues from global peers. After swinging between gains and losses for most of the session, the NSE Nifty 50 index ended down 0.3 at 15,732.1. The index […]

Unemployment rate rises to 3.8, first increase in over a year Inactivity rate edges down Jobs growth beats forecasts but falls in April alone Real wages eroded by inflation again Sterling and bond yields slip after data LONDON, June 14 Reuters Britain39;s jobless rate rose for the first time since late 2020 and other measures […]

MUMBAI, June 14 Reuters Sequoia Capital has raised 2.85 billion to fund Indian and Southeast Asian startups, the venture capital firm said on Tuesday, looking beyond current weakness in investment in new companies in the region. The fundraising is Sequoia39;s largest so far for India and Southeast Asia. Money raised included 850 million in Sequoia39;s […]

June 14 Reuters Earnings by Asian companies in March declined for the first time in seven quarters, dented by slowing demand due to lockdowns in China and diminishing margins as input costs rise. According to a Reuters analysis of Asia39;s top 1,500 large and midcap companies by marketcapitalization and those that are covered by at […]

WASHINGTON, June 13 Reuters Eroding inflation data and fastchanging views in financial markets on Monday have opened the door to a largerthanexpected threequarterpercentage point interest rate increase when Federal Reserve officials meet this week. It is a move officials had downplayed as their twoday meeting approached over recent weeks, but which they now may be […]

UK GDP 0.3 mm in April after 0.1 in March GDP 0.2 over 3 months to April vs 0.8 3 months to March Scaling back of COVID19 programmes hit figures But all sectors contract for first time since Jan 2021 Sunak says problems not unique to UK LONDON, June 13 Reuters Britain39;s economy unexpectedly shrank […]