EU commission raised French outlook, cut Germany Exceptionally strong Q2 triggered French forecast revision France benefiting from air travel, tourism revival PARIS, Sept 12 Reuters Germany39;s economic weakness is casting a flattering light on France39;s relative resilience that belies the otherwise middling performance of the euro zone39;s secondbiggest economy, economists say. The European Commission said […]

SYDNEY, Sept 12 Reuters Australian business conditions proved resilient yet again in August with a broad uptick in sales, profits and jobs, while inflationary pressures remained elevated, a result that could add to the case for more monetary tightening to tame inflation. A survey from National Australia Bank Ltd NAB released on Tuesday showed its index […]

Reuters India on Monday imposed an antidumping duty on some Chinese steel for five years, according to a government notification. On Sept 4, India39;s steel secretary, Nagendra Nath Sinha, said New Delhi was monitoring the steel imports situation after the steel industry raised concerns over potential dumping by Chinese sellers. During AprilJuly, China was the second biggest steel […]

BERLIN, Sept 12 Reuters German wholesale prices fell for the fifth month in a row in August due to lower prices for mineral oil products, data from the federal statistics office showed on Tuesday. Wholesale prices declined by 2.7 in August compared to the same month last year, according to the data. Easing price pressures […]

LONDON, Sept 12 Reuters Britain39;s labour market showed more signs of cooling in the three months to July despite another month of strong pay growth, according to data that leave the Bank of England on track for a further interest rate hike next month. The unemployment rate rose to 4.3 in the three months to […]

BERLIN, Sept 12 Reuters The crisis facing Germany39;s residential construction sector, triggered by high credit and material costs, intensified in August, with the number of companies reporting cancelled projects at a new high, according to a survey published on Tuesday. One in five companies 20.7 reported cancelled projects in August, up from 18.9 the previous […]

BERLIN, Sept 12 Reuters German investor sentiment unexpectedly improved in September, as investors expect a stop in interest rates hikes. The ZEW economic research institute on Tuesday reported a rise in its economic sentiment index to 11.4 points from 12.3 points in August. Analysts polled by Reuters had pointed to an August reading of 15.0. […]