MUMBAI, Jan 3 Reuters The Indian rupee declined against the U.S. currency on Tuesday, fuelled by the dollar39;s surge versus its major peers and importer hedging, though the Reserve bank of India39;s likely intervention kept the drop short of the 83perdollar mark. The rupee closed at 82.8800 per U.S. dollar, down from 82.7375 in the […]

MADRID, Jan 4 Reuters Activity in the Spanish services sector expanded for the second consecutive month in December, supported by a marginally better demand environment amid slowing inflation, a survey showed on Wednesday. SP Global39;s Purchasing Managers39; Index PMI for Spain39;s services sector, which accounts for around half of Spanish economic output, rose to 51.6 […]

LONDON, Jan 4 Reuters Britain39;s housing market slowed dramatically in November and people ramped up borrowing on credit cards, according to Bank of England data on Wednesday that underscored the effects of rising interest rates and the costofliving crisis. British lenders approved 46,075 mortgages in November, down from 57,875 in October and marking the lowest […]

LONDON, Jan 4 Reuters The British public39;s expectations for future inflation fell last month, according to a survey from Citi and YouGov which the U.S. bank said showed a reduced risk that a recent 41year high in inflation would become entrenched. The BoE closely watches surveys of households39; inflation expectations, as it believes they can […]

SINGAPORE, Jan 4 Reuters Top oil exporter Saudi Arabia may further cut the prices for its flagship Arab Light crude grade to Asia in February, after they were set at a 10month low this month, as concerns of oversupply continued to cloud the market. State oil giant Saudi Aramco may cut the official selling price […]

LONDON, Jan 4 Reuters Fresh food prices at British supermarkets in early December were 15.0 higher than a year earlier, the biggest annual increase since at least 2005 when records started, figures from the British Retail Consortium BRC showed on Wednesday. British households were hit hard by a soaring cost of living in 2022, and […]

ANKARA, Jan 4 Reuters Mortgages with lower rates and longer maturities will be offered to middle income Turks looking to buy new housing, Turkish Finance Minister Nureddin Nebati said on Wednesday. Nebati told a news conference the mortgage loans with amount up to 5 million lira 266,823, will have up to 15 years maturity and […]

HONG KONG, Jan 4 Reuters Hong Kong39;s November retail sales fell 4.2 from a year earlier, snapping two straight months of growth with tightened financial conditions weighing on local demand, government data showed on Wednesday. Sales dropped to HK29.5 billion 3.77 billion. That compared with a revised 4 growth in October. In volume terms, retail […]

PARIS, Jan 4 Reuters Activity in France39;s dominant services sector remained subdued last month, a survey showed on Wednesday, as inflation continued to weigh on demand, adding to fears the euro zone39;s secondbiggest economy could be headed towards a recession. Overall, the latest survey data round off the worst quarterly performance in the sector since […]