SYDNEY, Aug 3 Reuters Australia39;s office vacancy rates crept higher in the first half to levels not seen since the 1990s, according to new research on Thursday which underscores the challenges facing landlords struggling to fill buildings emptied during COVID amid a slowing economy. Vacancies in downtown Sydney, Melbourne and Perth, where most large companies […]

TOKYO, Aug 3 Reuters Japan39;s service sector activity expanded at a slightly slower pace in July as new business growth eased and cost pressures remained high, but the overall performance of the sector stayed solid amid the fading impact of COVID19, a privatesector survey showed on Thursday. The final au Jibun Bank Japan Services purchasing […]

BEIJING, Aug 3 Reuters China39;s services activity expanded at a slightly faster pace in July, supported by a jump in business in the summer travel season, a privatesector business survey showed on Thursday, partly offsetting the drag from the weak manufacturing sector. The CaixinSP Global services purchasing managers39; index PMI rose to 54.1 in July […]

Bank of England to announce rate decision at 1100 GMT Markets expect rise from 5 to 5.25, risk of bigger move Inflation dropped to 7.9 in June, still highest in G7 Governor Bailey to hold news conference at 1130 GMT LONDON, Aug 3 Reuters The Bank of England is expected to raise interest rates to […]

LONDON, Aug 3 Reuters European Union banks39; plans for surviving a major crisis without having to tap central bank money will undergo intense scrutiny next year, the bloc39;s banking watchdog said. The need for credible options was reinforced after the Swiss central bank stepped in with a liquidity backstop for Credit Suisse in March, before […]