SINGAPORETOKYO, June 24 Reuters Global stocks and bonds headed for their first weekly gain in a month on Friday, with growth concerns tempered by hopes that sliding commodity prices can help brake runaway inflation. MSCI39;s broadest index of AsiaPacific shares outside Japan rose 1.4 on Friday, helped by short sellers bailing out of Alibaba  which rose […]

SINGAPORE, June 24 Reuters Singapore39;s industrial output in May beat forecasts and grew 13.8 yearonyear, due to strong demand from 5G markets and data centres amid a global semiconductor chip shortage, official data showed on Friday. Economists had expected a 5.8 yearonyear increase in May, according to a Reuters poll. On a monthonmonth and seasonally […]

LONDON, June 24 Reuters Confidence levels among Britain39;s consumers sank to a new record low this month as households struggled with the accelerating cost of living and faced the prospect of months of strikes, a survey showed on Friday. Market research firm GfK said its consumer morale index, launched 48 years ago, fell to 41 […]

TOKYO, June 24 Reuters Close attention is needed to downside risks that price inflation will carry, a Japanese government spokesperson said on Friday. Japan39;s annual core consumer inflation topped the central bank39;s target for a second straight month in May, data showed earlier on Friday. We think it is necessary to pay close attention to […]

WASHINGTONLONDON, June 24 Reuters The U.S. units of major European lenders including Deutsche Bank, Barclays and Credit Suisse sailed through the Federal Reserve39;s annual stress tests on Thursday, showing they hold enough capital to weather an economic shock. For the seven European bank subsidiaries the Fed oversees with more than 100 billion in assets, the […]

UK May budget deficit comes in at 14 bln stg Reuters poll had pointed to 12 bln stg Debt interest costs accelerate as inflation rises Sunak says data represent challenge LONDON, June 23 Reuters Surging debt interest costs triggered by the leap in inflation forced the British government to borrow more than expected in May […]

May inflation hits 7.7, highest in nearly four decades Bank of Canada expected to hike rates by 75 basis points in July Central bank made 39;serious communications mistake39; ex governor Meeting minutes, transparency could restore credibility economists OTTAWA, June 23 Reuters The Bank of Canada has come under a rare attack from critics after misjudging […]

FRANKFURT, June 23 Reuters The German companies that drive Europe39;s biggest economy are contemplating painful cuts to their output and resorting to polluting forms of energy previously considered unthinkable as they adjust to the prospect of running out of Russian gas. Reduced Russian deliveries have accelerated efforts across German industry to find alternatives to keep […]

WASHINGTONLONDONTOKYO, June 23 Reuters Manufacturing growth is slowing worldwide as China39;s COVID19 curbs and Russia39;s invasion of Ukraine disrupt supply chains and keep inflation at the highest in years, while the growing risk of a U.S. recession poses a new threat to the global economy. Gauges of factory activity released Thursday in Japan, Britain, the […]

ISTANBUL, June 23 Reuters The Turkish central bank39;s net international reserves fell to their lowest level in 20 years at 7.38 billion as of June 17, data from the central bank showed on Thursday. The exchange rate used by Reuters on Thursday was 17.2880. The net forex reserves stood at 8.15 billion a week earlier. […]