DUBAI Reuters Saudi Arabia reduced its budget deficit to 7.4 billion riyals 1.97 billion in the first quarter of the year, the finance ministry said on Tuesday, as the government reaps the benefits of consolidation measures introduced last year. The kingdom, the Arab worlds largest economy and the worlds top oil exporter, cashed in 117 […]

India crossed 20 million reported cases of Covid19 on Tuesday. There were 357,229 new cases reported over a span of 24 hours, bringing the total to 20.28 million, according to health ministry data. Indias first cases were detected in late January last year and the countrys total did not cross 10 million infections until December, […]

Rates as of 0500 GMT Having failed to find suitable tradeweighted indices, Im experimenting with making my own, using the weights supplied by Citibank. Please bear with me for a few days while I work out the bugs. Market Recap With Japan, China and the UK out for a holiday yesterday, trading was relatively quiet. […]

Chinas factory activity expanded at a slower pace and missed forecasts in April as supply bottlenecks and rising costs weighed on production and overseas demand lost momentum. The official manufacturing Purchasing Managers Index PMI fell to 51.1 in April from 51.9 in March, data from the national Bureau of Statistics NBS showed on Friday. It […]

An unheralded corner of Londons property market is suggesting the capital has lost a big portion of its young professionals and lowerpaid workers since the start of the pandemic. Those trends help explain why rents have been falling for whole homes in London, one of the elements that may hold back the capital from enjoying […]

Germanys GDP fell by 1.7 in the first quarter, says Destatis. The fall to the same period a year earlier is 3.3. This is in clear contrast to the USA, where the economy is already 0.4 above prepandemic levels. Germany, and the eurozone as a whole, has suffered repeated lockdowns due to the third wave […]

President Joe Biden will unveil on Wednesday a sweeping 1.8 trillion plan to expand educational opportunities and child care for families, funded in part by the largest tax increases on wealthy Americans in decades the centerpiece of his first address to a joint session of Congress. Called the American Families Plan, Bidens third major legislative […]

SHANGHAI, April 29 Reuters Chinas 2021 gold demand will see annual growth and will revert to prepandemic levels if there are no dramatic changes to the global economic and geopolitical situation, a World Gold Council WGC official said on Thursday. For China we had better first quarter growth even compared to 2019 … If things […]

BERLIN, April 29 Reuters German unemployment rose unexpectedly in April and companies put more staff on shorter working hours in subsidized job protection schemes, data showed on Thursday, in a further pandemicrelated setback for a fragile recovery in Europes largest economy. The Labour Office said the number of people out of work increased by 9,000 […]

TOKYO, April 28 Reuters Japanese retail sales rose at the fastest pace in five months in March as consumer demand recovered from the huge hit it took from the coronavirus pandemic last year. The worlds thirdlargest economy has emerged from last years slump on an export recovery, though a glacial vaccine rollout and a resurgence […]