SYDNEY, May 27 Reuters Australian retail sales climbed to record highs in April as consumers spent big for the holidays, though surging inflation and rising interest rates are steadily sapping spending power. Data from the Australian Bureau of Statistics on Friday showed retail sales rose 0.9 in April to a record A33.9 billion 24.11 billion, […]

BEIJING, May 27 Reuters Profit at China39;s industrial firms rose 3.5 in JanuaryApril verses the same period a year earlier, slower than the 8.5 onyear growth logged for JanuaryMarch, the National Bureau of Statistics said on Friday. Industrial profit dropped 8.5 in April, the data showed. The data covered firms with annual revenue above 20 […]

Consumer spending increases 0.9 in April Inflation adjusted consumer spending rises 0.7 Core PCE price index gains 0.3; up 4.9 yearonyear Goods trade deficit narrows 15.9 to 105.9 bln in April WASHINGTON, May 27 Reuters U.S. consumer spending rose more than expected in April as households boosted purchases of goods and services, and the increase […]

MELBOURNE, May 27 Reuters Germany wants to speed up its green hydrogen work with Australia as the country39;s effort to ditch fossil fuels has become more urgent after Russia39;s invasion of Ukraine, Germany39;s research minister said on Friday. The Ukraine war, which Moscow calls a special operation, has highlighted the reliance of Germany and the […]

May 26 Reuters From export bans to price controls, governments in Asia are taking a much more targeted approach than their Western counterparts in curbing global inflationary pressure, a strategy that appears to be working at least for now. While inflation remains a serious economic challenge in Asia, the measures have in many countries helped […]

Weekly jobless claims fall 8,000 to 210,000 Continuing claims increase 31,000 to 1.346 million Firstquarter GDP decline revised to 1.5 rate from 1.4 Corporate profits fall across the board in first quarter WASHINGTON, May 26 Reuters The number of Americans filing new claims for unemployment benefits fell more than expected last week as the labor […]

SYDNEY, May 26 Reuters Australian business investment fell unexpectedly in the first quarter as floods and bottlenecks hit building work, though firms sharply lifted plans for spending in the year ahead in a boost to the economic outlook. Data from the Australian Bureau of Statistics out on Thursday showed private capital spending dipped a real […]

LONDON, May 26 Reuters British finance minister Rishi Sunak said on Thursday that high inflation was causing acute distress to Britons, and that he expected the Bank of England to take decisive action to get prices back under control. British consumer price inflation hit a 40year high of 9.0 in April, and the Bank of […]

LONDON, May 27 Reuters British finance minister Rishi Sunak said on Friday his new 15 billion pound 19 billion costofliving support package would have an impact of less than 1 percentage point on inflation. Sunak had been under heavy political pressure to act to alleviate the biggest squeeze on households39; disposable income since the 1950s, […]

LONDON, May 27 Reuters Delivery of Russian gas to Europe through Ukraine edged lower on Friday morning while flows from Germany to Poland via the Yamal pipeline were also down. Nominations for flows into Slovakia from Ukraine via the Velke Kapusany border point stood at 420,009,181 kilowatt hours per hour kWhh, down from 421,945122 kWhh […]