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 […]

TORONTO, May 3 Reuters Canadian manufacturing activity grew for the 10th straight month in April as production and new orders climbed, with the pace easing only slightly from the previous months record level, data showed on Monday. The IHS Markit Canada Manufacturing Purchasing Managers index PMI dipped to a seasonally adjusted 57.2 in April from […]

BRASILIA, May 3 Reuters Growth in Brazils manufacturing sector decelerated in March to its slowest rate since June last year, a survey of purchasing managers activity showed on Monday, and prices charged to customers rose towards their recent historic highs. While a brutal second wave of the COVID19 pandemic weighed on overall activity, employment rose […]

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 […]