TOKYO, Sept 5 Reuters Japan39;s service sector activity expanded at its quickest pace in three months in August, underpinned by robust consumer spending as inbound tourism regained momentum, a privatesector survey showed on Tuesday. The relatively upbeat service sector conditions contrast with the manufacturing industry39;s shrinking activity and subdued business sentiment amid slowing global demand. […]

SYDNEY, Sept 5 Reuters Australia39;s export volumes jumped in the June quarter as foreign visitors swarmed the country, data showed on Tuesday, offsetting softness in household consumption and providing a muchneeded boost to economic growth. Spending by tourists and foreign students is classed as a service export. Other figures showed the government also spent big […]

DUBAI, Sept 5 Reuters The expansion in nonoil business activity in Saudi Arabia, the world39;s top oil exporter, eased further in August after output growth slowed sharply, a business survey showed on Tuesday, as concerns over market competition weighed on confidence. The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers39; Index fell for a second […]

BENGALURU, Sept 5 Reuters Growth in India39;s dominant services industry lost some steam in August but overall conditions remained strong despite elevated inflationary pressures, according to a business survey that showed exports were at a record high on robust foreign demand. Tuesday39;s findings, coupled with a sister survey on Friday which found factory growth expanded at its […]

HONG KONG, Sept 5 Reuters Asset managers are increasingly looking to dispose of their commercial buildings in Hong Kong as rising interest rates take a toll on mortgage payments, which for some have now exceeded rental income. Some of the sales plans also come as mortgage loans are due to be refinanced, which is made […]

Sept 5 Reuters Goldman Sachs on Tuesday lowered its probability that a U.S recession would start in the next 12 months to 15 from an earlier 20 forecast. The continued positive inflation and labor market data led to the cut, Goldman Sachs Chief Economist Jan Hatzius wrote in a note. The investment bank said it expected […]