May 5 Reuters The Chinese and Russian central banks will discuss the use and promotion of their respective national payment systems in both countries, Beijing39;s envoy to Moscow told the TASS news agency in an interview published on Thursday. Regarding the promotion and use of the Mir and China UnionPay national payment systems in both […]

WASHINGTON, May 4 Reuters U.S. services industry growth unexpectedly slowed in April, with employment contracting for the second time this year, while a measure of input prices raced to a record high. The Institute for Supply Management said on Wednesday its nonmanufacturing activity index fell to a reading of 57.1 last month from 58.3 in […]

Energy, food drive the rise in prices Interest rate cuts, lira slide triggered inflation leap Inflation last this high before Erdogan came to power Price rises a growing headache for Erdogan ahead of elections ISTANBUL, May 5 Reuters Turkey39;s annual inflation jumped to a twodecade high of 69.97 in April, according to data on Thursday, […]

ZURICH, May 4 Reuters The Swiss government is setting up a gas sector crisis intervention group and a monitoring system for early detection of an impending electricity shortage, it said on Wednesday, as it prepares for the possibility of severe power shortages. The Swiss government began drawing up plans in April for a potential gas […]

LONDON, May 3 Reuters British factory activity edged up in April after slowing to its weakest in just over a year in March following Russia39;s invasion of Ukraine, but manufacturers were wary about the outlook as costs leapt and demand faltered, a survey showed on Tuesday. The SP GlobalCIPS manufacturing Purchasing Managers39; Index PMI rose […]

Halfpercentagepoint hike likely to be first of several Fed expected to begin to shrink 9 trillion balance sheet Policy statement due at 2 p.m. EDT 1800 GMT WASHINGTON, May 4 Reuters The Federal Reserve on Wednesday is expected to raise interest rates by half of a percentage point and announce the start of reductions to […]

NEW DELHI, May 1 Reuters India39;s unemployment rate rose to 7.83 in April from 7.60 in March, data from the Centre for Monitoring Indian Economy CMIE showed on Sunday. The urban unemployment rate rose to 9.22 in April from 8.28 the previous month, while the rural unemployment rate slipped to 7.18 from 7.29, the data […]

Hong Kong Q1 GDP 4 yy vs Q4 GDP of revised 4.7 yy Q1 GDP sadj 2.9 qq HONG KONG, May 3 Reuters Hong Kong39;s economy contracted in the first quarter of this year as the city imposed its most stringent restrictions to curb an outbreak of COVID19 that has battered business, led to an […]

S.Korea39;s April CPI 4.8 yryr vs 4.4 expected April CPI growth hits highest since Oct 2008 S.Korea c.bank seen raising interest rates further Analysts wait to check demandside trend of inflation SEOUL, May 3 Reuters South Korea39;s consumer inflation quickened far more than forecast and hit a more than 13year high in April, boosting expectations […]

NEW DELHI, May 3 Reuters India fell short of domestic coal supply targets to utilities by 7.6 in April, as output from mines owned by companies for selfuse were 33 lower than required and a shortage of trains for delivery further exacerbated a crippling power crisis. India faced its worst power crisis in over six […]