OTTAWA, June 7 Reuters The Bank of Canada on Wednesday hiked its overnight rate to a 22year high of 4.75, and markets and analysts immediately forecast yet another increase next month to ratchet down an overheating economy and stubbornly high inflation. The central bank had been on hold since January to assess the impact of […]

BEIJING, June 7 Reuters China39;s exports shrank much faster than expected in May while imports extended declines with a grim outlook for global demand, especially from developed markets, raising doubts about the fragile economic recovery. The world39;s secondlargest economy grew faster than expected in the first quarter thanks to robust services consumption and a backlog […]

June 7 Reuters The European Union is launching a survey on Wednesday to help boost the liquidity of its debt. The bloc will survey market participants to help identify further ways to increase liquidity and boost the attractiveness of its bonds, the European Commission said in a statement on Tuesday. The EU has set out […]

BERLIN, June 7 Reuters German industrial output rose less than expected in April, darkening the outlook for the euro zone39;s largest economy following weak new orders data earlier this week. Production increased by 0.3 on the previous month, the federal statistical office said on Wednesday. In a Reuters poll, analysts had pointed to an increase […]

HONG KONG, June 7 Reuters Some of China39;s distressed property developers face the risk of being delisted, which would reduce their options for restructuring and make them more vulnerable to liquidation, SP Global Ratings said on Wednesday. China39;s private developers have been in turmoil since mid2021 after Beijing39;s crackdown on debt impacted first Evergrande Group and then spread […]