MOSCOW, Aug 24 Reuters Russia39;s central bank said on Wednesday that its business climate index remained in the positive range for the second month running in August, with future expectations improving as businesses see overall risks easing and growth in costs slowing. While the future outlook was positive, assessments of the current business climate fell, […]

BERLIN, Aug 24 Reuters German business morale in August fell to its lowest reading since June 2020 amid high uncertainty due to the Ukraine war and fears of economic downturn in the third quarter, a survey said on Thursday. The Ifo institute39;s closely watched business climate index fell for a third consecutive month but less […]

LONDON, Aug 25 Reuters Intercontinental Exchange Inc ICE said on Thursday it will launch UK carbon emission allowance options on October 10, subject to regulatory approval. Britain launched its own emissions trading system ETS last year to replace the European Union39;s ETS after it left the bloc. Under the scheme, UK industrial firms and power plants […]

Secondquarter GDP contraction revised to 0.6 from 0.9 Gross domestic income rises at 1.4 rate in Q2 Average of GDP and GDI climbs at 0.4 pace Weekly jobless claims drop 2,000 to 243,000 WASHINGTON, Aug 25 Reuters The U.S. economy contracted at a more moderate pace than initially thought in the second quarter as consumer […]

BENGALURU, Aug 25 Reuters India39;s top IT services firms are freezing or cutting staff bonuses, worried that tightening budgets at U.S. and European clients who are bracing for a recession will sharply hit their own profits after a pandemicled boom. Infosys Ltd, India39;s secondbiggest IT company, and smaller rival Wipro recently told their employees they had […]

WASHINGTON, Aug 24 Reuters Contracts to buy U.S. previously owned homes fell less than expected in July as mortgage rates eased a bit, pulling some buyers back into the housing market. The National Association of Realtors NAR said on Wednesday its Pending Home Sales Index, based on signed contracts, dropped 1.0 to 89.8 last month, […]

LONDON, Aug 24 Reuters Investors yanked a net 7.8 billion out of hedge funds in the second quarter, industry data published on Wednesday showed, as volatile markets sent many looking for safer places to keep their cash. Large investors like pension funds, asset managers and family offices pulled more money out of hedge funds than […]

Aug 25 Reuters British car production rose for a third straight month in July, 8.6 higher than a weak comparative last year, when car makers were struggling with acute shortages of chips and COVIDrelated absences, the Society of Motor Manufacturers and Traders SMMT said on Thursday. The industry body said 58,043 units were made in […]

LONDON, Aug 25 Reuters British consumers39; spending on credit and debit cards fell by four percentage points over the week to Aug. 18, weekly data collated by the Office for National Statistics showed, adding to signs of how households are feeling the hit from high inflation. Credit and debit card spending based on Bank of […]