LONDON, Sept 18 Reuters Britain39;s main manufacturing trade body on Monday cut its forecast for the sector39;s growth for this year and next, citing a sharp fall in factory output and economic uncertainty. Trade body Make UK expects output to fall 0.5 in 2023, down from its June forecast for a 0.3 drop, and grow […]

Sept 18 Reuters Goldman Sachs lowered its forecast for the Bank of England39;s BoE terminal rate by 25 basis points to 5.5, after predicting that the central bank would hold interest rates steady at its November meeting against an earlier forecast of a hike. The BoE raised its key interest rate by a quarter of a percentage […]

Diesel exports for the year to date up 197.2 August kerosene exports jump 98.1 yearonyear August gasoline exports up 23.7 BEIJING, Sept 18 Reuters China39;s diesel exports in August surged from a year earlier and have nearly tripled so far in 2023 compared to the same time a year ago, data showed on Monday, as […]

BEIJING, Sept 18 Reuters The involvement of two Chinese stateowned financial firms in Zhongrong International Trust Co39;s operations and management may diffuse risk at the troubled shadow bank but does little to ease concerns about missed payments, analysts and investors said. The shadow bank, which traditionally had sizable real estate exposure, missed payments on dozens […]

SINGAPORE, Sept 18 Reuters Singapore39;s annual exports fell for an 11th straight month in August as the tradereliant economy continues to grapple with global headwinds on inflation and declining demand. Singapore39;s nonoil domestic exports NODX fell 20.1 yearonyear in August, official data showed on Monday, as both electronics and nonelectronics exports to the United States, […]