August 2023 – Page 2 – UAG Trade Asia

Indias Economic Growth Set to Accelerate to its Fastest in a Year

August 31, 2023
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NEW DELHI, Aug 31 Reuters India39;s economy grew at its fastest pace in a year in the AprilJune quarter, driven by services and manufacturing, data is expected to show on Thursday, though economists warn of a slowdown ahead. According to the median forecast in a Reuters poll of economists, India39;s gross domestic product GDP grew 7.7 […]

August 31, 2023
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SYDNEY, Aug 31 Reuters Australian business investment climbed to its highest since late 2015 in the June quarter as firms took advantage of tax breaks to splurge on new equipment, while plans for future spending were also upgraded in a muchneeded boost to the economy. Data from the Australian Bureau of Statistics on Thursday showed […]

August 31, 2023
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LONDON, Aug 31 Reuters Some coal producers are having to set aside tens of millions of dollars to cover their own risks as they are cut adrift by insurers, making it more difficult and costly to do business amid a surge in demand for the fossil fuel. Dozens of insurers have announced restrictions on their […]

August 31, 2023
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Strike is first by major Japanese dept store in 61 years Union protesting sale of Sogo Seibu unit to U.S. fund Seven i announces Sept. 1 sale of unit to Fortress Unit39;s value discounted by 205 mln TOKYO, Aug 31 Reuters Workers at a major Tokyo department store went on strike on Thursday after talks […]

August 31, 2023
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PARIS, Aug 31 Reuters French inflation accelerated more than expected in August as a new fall in food inflation was more than offset by higher energy prices, preliminary EUharmonised official data showed on Thursday. French consumer prices reached a 12month inflation rate of 5.7, up from 5.1 in July, the INSEE stats agency said. A […]

August 31, 2023
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July tourist arrivals jump about 75 times yy July jewellery, watch sales up 19.8 yy vs June39;s 64.4 growth Government sees retail to benefit from inbound tourism revival HONG KONG, Aug 31 Reuters Hong Kong39;s July retail sales rose 16.5 from a year earlier in the eighth consecutive month of growth helped by an increase […]

Jobs Data Highlights NFP Print for Confirmation, Euro Downside Risks Appear

August 31, 2023
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Despite heat waves and record-breaking temperatures across North Africa spurring a rise in gas demand for power at home, Algeria’s exports to the Europe Perimeter have increased during this summer restocking season.

August 31, 2023
Finance
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Russia’s invasion of Ukraine on the back of the global liquidity pump was unprecedented, but the energy-price reversion process may not be done.

August 31, 2023
Oil
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SINGAPORE, Aug 31 Reuters Oil prices eased on Thursday after data showed China39;s manufacturing activity shrank for the fifth month in a row, and as investors cautiously awaited a U.S. personal consumption expenditure report later in the day for any clues on the interest rate outlook. Brent crude futures for October, which expire on Thursday, […]

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Indias Economic Growth Set to Accelerate to its Fastest in a Year

Australia Q2 Business Investment Hits Highest in 712 Years

Coal Miners Forced to Save for a Rainy Day by Insurance Snub

Workers Stage Japans 1st Strike in Decades over Department Store Sale

French Aug Inflation Higher than Expected, Fuelled by Energy

Hong Kong July Retail Sales Up 16.5, Boosted by Tourism Revival

Jobs Data Highlights NFP Print for Confirmation, Euro Downside Risks Appear

Algeria proves key to Europe hitting 90% full gas storage

Energy deflation may be fueling gold inflation

Oil Dips as China Factory Activity Shrinks; Market Eyes US Data

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