July 5 Reuters New vehicle sales in the United States for top global automakers rose in the second quarter on improving supply and strong demand, signaling that rising interest rates have not yet had a meaningful impact on purchases. Vehicle production took a hit after the pandemic disrupted supply of semiconductor chips and other raw […]

NEW DELHI, July 6 Reuters Already facing subdued demand from developed nations, India39;s exports are likely to be hit by the European Union39;s 20 to 35 tariffs on highcarbon goods like steel, iron ore and cement, the finance ministry said in a report released on Thursday. In April, the EU approved the world39;s first plan […]

LONDON, July 6 Reuters British house building fell in June at the sharpest pace in more than 14 years, excluding two months early in the COVID19 pandemic, as higher borrowing costs dampened demand and weighed on the broader construction sector, a survey showed on Thursday. The SP GlobalCIPS construction Purchasing Managers39; Index PMI dropped to […]

BENGALURU, July 5 Reuters India39;s service sector growth weakened to a threemonth low but remained resilient in June amid strong demand, according to a private business survey on Wednesday, despite prices rising at their quickest pace in nearly six years. Sustained growth in the sector, which accounts for around 60 of overall output, indicates Asia39;s […]

LONDON, July 5 Reuters Sterling edged lower on Wednesday as traders considered whether the British currency will be hurt by several expected interest rate increases by the Bank of England BoE that could put more strain on the economy. The pound edged 0.02 lower against the dollar at 1.2713 by 0840 GMT, 1.2 below the […]

NEW DELHI, July 5 Reuters India39;s finished steel purchases from China touched a sixyear high in the first two months of the fiscal year beginning in April, according to provisional government data reviewed by Reuters, while its overall imports reached a threeyear high. In April and May, China emerged as the secondbiggest steel exporter to […]