MUMBAI, May 17 Reuters The Reserve Bank of India sold a net 20.1 billion in the spot foreign exchange market in the month of March to support the rupee against the U.S. dollar, its monthly bulletin showed on Tuesday. The central bank said its net outstanding forward dollar purchases rose to 65.79 billion at the […]

NEW DELHI, May 17 Reuters India will allow overseas wheat shipments awaiting customs clearance, the government said on Tuesday, introducing some relaxation in exports after it banned overseas sales of the staple on Saturday. India will also allow wheat exports to Egypt, the government said in a statement. It has been decided that wherever wheat […]

US retail sales continue to grow strongly, adding 0.9 in April after 1.4 a month earlier and slightly weaker than the expected 1.0. Sales excluding autos and gasoline rose 0.6 after 2.1 a month earlier and against an expected 0.4 increase. Remember that we see data adjusted for seasonal factors but not for price adjustment. […]

BEIJING, May 17 Reuters The economy of China39;s capital Beijing took a hit in April as authorities wrestled with a new COVID outbreak, telling residents to avoid going out or work from home and halting many businesses. Retail sales in the city of nearly 22 million people, a key gauge of consumption, shrank 16.05 in […]

Jobless rate drops to 3.7 in Q1 from previous 3.8 Unemployment rate at its lowest in nearly 50 years Pay including bonuses leaps by 7.0 on year Biggest fall in inflationadjusted earnings since 2013 BoE sees risk high pay growth could entrench inflation LONDON, May 17 Reuters Britain39;s jobless rate hit a 48year low in […]

Spike in fuel, food prices push WPI inflation to 15.08 yy April WPI fuel inflation up 38.66 yy vs 34.52 in March Economists see central bank raising key policy rate in June Small businesses fear threat of closure, job losses NEW DELHI, May 17 Reuters India39;s wholesale prices accelerated at the fastest pace in at […]

April property investment 10.1 yy vs 2.4 in March Sales by value 46.6 yy vs 26.17 yy in March China mortgage loan rate cut may have limited impact analyst BEIJINGHONG KONG, May 16 Reuters China39;s property sales in April fell at their fastest pace in around 16 years as COVID19 lockdowns further cooled demand despite […]

April industrial output unexpectedly falls yy April retail sales falls faster than expected Nationwide jobless rate highest since Feb 2020 Fixed asset investment growth slower than f39;cast BEIJING, May 16 Reuters China39;s retail and factory activity fell sharply in April as wide COVID19 lockdowns confined workers and consumers to their homes and severely disrupted supply […]

NOIDA, India, May 16 Reuters For construction worker Yogendra Tundre, life at a building site on the outskirts of the Indian capital New Delhi is hard enough. This year, record high temperatures are making it unbearable. As India grapples with an unprecedented heatwave, the country39;s vast majority of poor workers, who generally work outdoors, are […]

LONDON, May 16 Reuters Britain39;s energy regulator Ofgem said on Monday it planned to review a price cap on consumer bills every quarter rather than twice a year to reflect the volatile price swings in the market. Britain introduced a price cap in 2019 to prevent companies from overcharging consumers, but surges in wholesale markets […]