Jan 29 Reuters Pakistan39;s ministry of finance announced on Sunday petrol and diesel prices would rise by 35 rupees 0.1400 a litre after the country39;s currency value plummeted this week when price caps were removed. The decision came days before an International Monetary Fund mission will visit Pakistan later this month to discuss the stalled ninth review […]

Prelim Q4 GDP declines after seven quarters of expansion Weak domestic demand behind GDP contraction Full year 2022 growth comes in at preliminary 3.9 ROME, Jan 31 Reuters Italy39;s economy shrank by 0.1 in the fourth quarter of last year from the previous three months, preliminary data showed on Tuesday, a slightly smaller contraction than […]

SYDNEY, Jan 31 Reuters Australian retail sales recorded the biggest drop in more than two years in December, as rising borrowing costs and skyhigh inflation finally sank spending, an economic shock that may lessen the need for much more policy tightening. Retail sales fell 3.9 in December from November, after 11 months of consecutive gains, […]

Biggest tightening in loans to firms since 2011 Drop in demand for mortgages is sharpest on record ECB meets on Thursday to set path for rates FRANKFURT, Jan 31 Reuters Euro zone banks have tightened companies39; access to credit by the most since the 2011 debt crisis and expect to continue doing so as they […]

Number of unemployed fell by 15,000 Labour market is a source of resilience for German economy Small increase in unemployment rate expected research firm BERLIN, Jan 31 Reuters Germany39;s unemployment rate remained stable in January, Labour Office figures showed on Tuesday. The Federal Labour Office said the number of people out of work fell by […]