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PBOC will Keep Policy Precise, Forceful to Aid Recovery

BEIJING, Aug 17 Reuters China39;s central bank said on Thursday it would keep liquidity reasonably ample and keep its policy precise and forceful to support the country39;s economic recovery, amid rising headwinds. Data for July has highlighted the intensifying pressure on the economy on a number of fronts, including a property downturn and deflationary pressure, […]
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Motor Vehicles Lift US Manufacturing Output in July

WASHINGTON, Aug 16 Reuters Production at U.S. factories unexpectedly rebounded in July as motor vehicle output surged, but activity continues to be hamstrung by higher borrowing costs. Manufacturing output increased 0.5 last month, the Federal Reserve said on Wednesday. Data for June was revised lower to show production at factories falling 0.5 instead of 0.3 […]
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US Housing Starts Surge in Boost to Economy

Singlefamily housing starts increase 6.7 in July Singlefamily building permits rise 0.6 Overall housing starts climb 3.9; permits gain 0.1 Manufacturing production increases 0.5 WASHINGTON, Aug 16 Reuters U.S. singlefamily homebuilding surged in July and permits for future construction rose amid an acute shortage of previously owned houses, but mortgage rates climbing back to near […]
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US Weekly Jobless Claims Fall; Tight Labor Market Underpinning Economy

Weekly jobless claims fall 11,000 to 239,000 Continuing claims increase 32,000 to 1.716 million MidAtlantic factory activity rebounds in August WASHINGTON, Aug 17 Reuters The number of Americans filing new claims for unemployment benefits fell last week, pointing to continued tightness in the labor market even as job growth slows. Labor market tightness is underpinning […]
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Payments Company Adyens Shares Plummet after Earnings Miss

Adyen earnings miss on both sales growth and margins Share fall reflects worries on company and sector Company cites US competition, hiring costs Adyen stands by mediumterm financial forecasts AMSTERDAM, Aug 17 Reuters Shares in Dutch payments processor Adyen NV fell by more than a quarter on Thursday after its firsthalf earnings missed analysts39; estimates and […]
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Grupo Aval Posts 75 Fall in Profit as Bank Margins Fall

Aug 16 Reuters Colombian financial conglomerate Grupo Aval reported a 75.4 yearoveryear fall in net profit in the second quarter, according to a securities filing on Wednesday, despite a strong boost in interest income. In the threemonth period to June, net profit reached 166.2 billion pesos 40.6 million. Meanwhile, the conglomerate saw interest income soar […]
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Lenovo Q1 Revenue Misses, Hit by Poor PC Demand

HONG KONG, Aug 17 Reuters China39;s Lenovo Group on Thursday posted a worsethanexpected 24 fall in revenue for the AprilJune quarter, hit by a prolonged slump in global demand for personal computers. It marks the four consecutive quarters that the worlds largest PC maker has experienced a sales decline and comes after Lenovo reported a 14 […]
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