Sept 6 Reuters U.S. economic growth was modest amid a cooling labor market and slowing inflation pressures in July and August, a Federal Reserve report published on Wednesday showed, buttressing expectations that the central bank was either done, or close to being done, with interest rate increases. Most Districts reported price growth slowed overall, the […]

China39;s downturn leaves Japan with little external support China risks likely to be debated at BOJ39;s Sept meeting Govt39;s Aug report warned of concern over China Darkening global outlook cast shadow over BOJ exit path TOKYO, Sept 7 Reuters Policymakers in Tokyo believe China39;s deepening economic woes could hit Japan39;s fragile recovery, especially if Beijing […]

BEIJING, Sept 7 Reuters Four of China39;s major state banks said on Thursday they will start to lower interest rates on existing mortgages for firsthome loans, reducing them to levels in place when a home was purchased. Industrial and Commercial Bank of China Ltd ICBC, China Construction Bank Corp, Agricultural Bank of China and Bank of […]

BEIJING, Sept 7 Reuters China39;s exports and imports fell in August, data showed on Thursday, as the twin pressures of sagging overseas demand and weak consumer spending squeezed businesses in the world39;s secondlargest economy. While the trade numbers beat analysts39; expectations, they show China39;s manufacturing sector remains under significant pressure and that policymakers will need […]

BERLIN, Sept 7 Reuters German industrial production fell by slightly more than expected in July, the federal statistics office said on Thursday, underlining the challenges faced by the sector after a winter downturn in Europe39;s largest economy. Production fell by 0.8 in July compared to the previous month. Analysts polled by Reuters had predicted a […]

LONDON, Sept 7 Reuters The City of London called in a report on Thursday for a new council which would allow Britain39;s financial sector to drive through big moves needed to boost the economy by 225 billion pounds 281 billion by 2030 and beyond. Britain is implementing a range of financial reforms after its exit from the […]

LONDON, Sept 7 Reuters British house prices have fallen at the fastest pace since 2009 over the past year, reflecting the increasing impact of higher interest rates, mortgage lender Halifax said on Thursday. Halifax said house prices were 4.6 lower last month than in August 2022, when they were close to their peak. This compared […]

LONDON, Sept 6 Reuters Britain39;s statistics office requested earlier access to key economic data on Wednesday, a few days after it sharply revised its estimate of the size of the economy at the end of 2021 which caught many analysts by surprise. A senior official at the Office for National Statistics asked Britain39;s statistics regulator […]