WASHINGTON Reuters U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending is shifting back to services, bolstering expectations that economic growth accelerated in the second quarter. Retail sales rebounded 0.6 last month, the Commerce Department said on Friday. Data for May was revised down to show sales falling […]

Reuters Growth in East Asia and the Pacific this year will likely be slower than previously thought, the World Bank said on Thursday, as many countries in the region grapple with spikes in COVID19 cases, new variants and vaccine supply constraints. The East Asia and Pacific region, excluding China, is expected to grow 4 this […]

DUBAI, July 15 Reuters Saudi Arabias annual inflation rate rose to 6.2 in June, the highest this year, from 5.7 in May, official data showed on Thursday. June marked a third consecutive monthly rise reflecting an increase in valueadded tax introduced last year. Noting that consumer prices still reflect an increase of the value added […]

BEIJING Reuters Chinas new home price growth slowed for the first time since November last year in monthonmonth terms, data showed on Thursday, as government measures to cool a hot housing market finally triggered a weakening in gains. Average new home prices in 70 major cities grew 0.5 in June from a month earlier, down […]

The US data portion pointed to further economic recovery. Data for last week show Initial jobless claims fell to 360k 350k expected. The number of continued claims fell by 126k to 3.241M. In both cases, we see the lowest levels since the pandemic hit and the end of the stagnation in numbers. The other batch […]

The European Union detailed on Wednesday how it will reduce greenhouse gas emissions in the coming years, with the plan potentially revolutionizing many sectors from air travel to shipping. The 27member bloc has vowed to become carbon neutral by 2050 and to reduce its greenhouse gas emissions by at least 55 by 2030, compared to […]

MADRID, May 5 Reuters Spain expects to receive 69.5 billion euros 83.46 billionfrom European Union rescue funds in the next three years, Economy Minister Nadia Calvino said on Wednesday in a news conference to explain how the funds will be used. That is around half of the total 140 billion euros package allocated to Spain. […]

BRUSSELS, May 5 Reuters Euro zone producer prices accelerated in line with expectations in March, driven by increases for energy and intermediate goods, data showed on Wednesday, reinforcing forecasts of higher consumer inflation in the coming months. European Union statistics office Eurostat said prices at factory gates in the 19 countries sharing the euro rose […]

Indias central bank unveiled fresh measures on Wednesday to help lenders tide over mounting bad loans and give some borrowers more time to repay their debts, as surging COVID19 infections trigger strict lockdowns in several states. The announcement by Reserve Bank of India Governor Shaktikanta Das came as the health ministry reported a record number […]

LONDON, May 5 Reuters Euro zone business activity accelerated last month as the blocs dominant services industry shrugged off renewed lockdowns and returned to growth, according to a survey on Wednesday that also showed firms were facing soaring costs for raw materials. Europe is enduring a third wave of coronavirus infections, forcing some governments to […]