Sterling Eases, but Remains near to 10Month Peak

LONDON, April 5 Reuters The pound dipped on Wednesday, but remained close to its 10month high against the dollar hit the day before, as improving economic circumstances have helped sterling to be one of the biggest beneficiaries of the softening U.S. currency. The pound was last down 0.27 against a broadly rebounding dollar at 1.2466 […]
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Over Half of Britons say Loyalty Cards Encourage them to Buy a Product NIQ

LONDON, April 4 Reuters More than half of Britons felt encouraged to buy products because of discounts offered through store loyalty cards, a survey from market researcher NIQ showed on Tuesday, as shoppers hunt for deals during a costofliving crisis. UK consumers39; search for cutprice products continues, with headline inflation above 10 in February and the latest […]
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Foreign Cash Streaming Back to China after Alibabas Plans

HONG KONGSHANGHAI, April 4 Reuters Foreign investors are steadily marching into China in the wake of Alibaba39;s plans to restructure, with money managers reckoning it is the latest sign the national leadership is turning friendlier to business as economic growth gains traction. Exchange data shows net foreign buying of mainlandlisted stocks every day since Alibaba announced its […]
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German Services Sector Activity Picks Up in March PMI

BERLIN, April 5 Reuters German services sector activity grew in March at the fastest pace since last May as demand strengthened and spurred job creation, a business survey showed on Wednesday. SP Global39;s final services Purchasing Managers39; Index PMI for Germany rose to 53.7 in March from 50.9 in February, climbing well above the 50.0 […]
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Germany to Skirt Recession this Year Institutes

BERLIN, April 5 Reuters Germany is expected to narrowly escape recession and post modest growth in the first quarter of the year, according to the forecasts of leading economic institutes published on Wednesday. The institutes said in their Joint Economic Forecasts they expect a 0.1 expansion in gross domestic product in the first quarter, confirming […]
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Oil Prices Stable as Economic Fears Balance OPEC Cuts

LONDON, April 5 Reuters Oil prices were stable on Wednesday, as the market weighed gloomy economic prospects against expectations of U.S. crude inventory declines and OPEC39;s voluntary output cuts announcement. Brent crude futures gained 22 cents, or 0.26, to 85.16 a barrel by 0747 GMT. West Texas Intermediate U.S. crude was up 12 cents, or […]
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