SYDNEY, May 27 Reuters Australian retail sales climbed to record highs in April as consumers spent big for the holidays, though surging inflation and rising interest rates are steadily sapping spending power. Data from the Australian Bureau of Statistics on Friday showed retail sales rose 0.9 in April to a record A33.9 billion 24.11 billion, […]

HONG KONG, May 27 Reuters Hong Kong private home prices reversed a threemonth decline in April, the latest official data showed on Friday, as the financial hub stabilised after COVIDrelated woes and homebuyer sentiment was boosted by waves of new development launches. Prices in what survey company Demographia ranked the world39;s most unaffordable housing market, […]

May 27 Reuters Spanish retail sales rose 1.5 in April from a year earlier on a seasonally and calendaradjusted basis, after falling 4.1 in March, the National Statistics Institute INE said on Friday. The growth compared with a 1.9 contraction expected by economists polled by Reuters. The March figure was revised from a previous 4.2 […]

LONDON, May 26 Reuters British finance minister Rishi Sunak said on Thursday that high inflation was causing acute distress to Britons, and that he expected the Bank of England to take decisive action to get prices back under control. British consumer price inflation hit a 40year high of 9.0 in April, and the Bank of […]

SYDNEY, May 26 Reuters Australian business investment fell unexpectedly in the first quarter as floods and bottlenecks hit building work, though firms sharply lifted plans for spending in the year ahead in a boost to the economic outlook. Data from the Australian Bureau of Statistics out on Thursday showed private capital spending dipped a real […]

Weekly jobless claims fall 8,000 to 210,000 Continuing claims increase 31,000 to 1.346 million Firstquarter GDP decline revised to 1.5 rate from 1.4 Corporate profits fall across the board in first quarter WASHINGTON, May 26 Reuters The number of Americans filing new claims for unemployment benefits fell more than expected last week as the labor […]