Aug 23 Reuters Earnings of Australia39;s two biggest supermarket chains may get a boost from sustained demand for groceries and other essentials, but their comments on costs will be in focus as everything from fuel to labour gets expensive. As prices gallop to near threedecade highs, prompting the Reserve Bank of Australia to go on […]

UK composite PMI drops to lowest since February 2021 PMI shows marginal growth in UK, contraction in euro zone Price pressures ease but remain high CBI and PMI data point to manufacturing recession LONDON, Aug 23 Reuters Britain39;s private sector slowed to a crawl in August as factory output fell and the larger services sector […]

World surveys show business activity contracting Little hope of a turnaround anytime soon Inflation reaches multidecade highs in many parts of world LONDON, Aug 23 Reuters The global economy is increasingly at risk of sliding into recession, surveys showed on Tuesday, as consumers faced with generationhigh inflation rein in spending while central banks are tightening […]

SEOUL, Aug 23 Reuters South Korean consumers39; inflation expectations fell in August after six months of rises, a central bank survey showed on Tuesday, while their assessment of economic conditions improved. The median of inflation expectations for the next 12 months fell to 4.3 in August from 4.7 in July, which was the highest since […]