Unexpected move comes ahead of Monday ministerial meeting Total OPEC cut pledges now stand at 3.66 million bpd Oil could jump 10 a barrel analyst DUBAI, April 2 Reuters Saudi Arabia and other OPEC oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise move that […]

LONDON, April 3 Reuters The British public39;s expectations for inflation, a crucial indicator for the Bank of England as it weighs another interest rate hike, cooled in March, U.S. bank Citi said after publishing a monthly survey conducted by market research company YouGov. Citi said public expectations for inflation in 12 months39; time eased to […]

BERLIN, April 3 Reuters German manufacturing activity shrank in March at the fastest pace in almost three years, a survey showed on Monday. SP Global39;s final Purchasing Managers39; Index PMI for manufacturing, which accounts for about a fifth of Germany39;s economy, fell to 44.7 in March from 46.3 in February. It marked its lowest level […]

China39;s private PMI stalls in March survey South Korea, Japan saw factory activity shrink in March Surveys highlight fragile nature of Asia39;s recovery LONDONTOKYO, April 3 Reuters Global factory activity weakened in March as consumers feeling the pinch from rising living costs cut back, surveys showed on Monday, suggesting a deteriorating outlook will remain a […]