ROME, Dec 22 Reuters Morale amongst Italian businesses and consumers increased in December, data showed on Friday, offering hope of an pickup in economic activity for the euro zone39;s third largest economy at the start of next year. Statistics bureau ISTAT39;s composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, […]

Dec 22 Reuters Spain39;s gross domestic product growth slowed down slightly in the third quarter, though it showed more resilience than in neighboring countries, final data showed on Friday. The economy expanded 0.3 from the previous quarter, down from a 0.4 growth in the second quarter, the National Statistics Institute INE said confirming a preliminary […]

ISTANBUL, Reuters The International Energy Agency will work to ensure the World Bank, regional development banks and others prioritise the cost of investing in clean energy in developing countries following the COP28 summit last week, its Executive Director said. World governments agreed to triple renewable energy generation capacity by 2030 and transition away from fossil fuels at the […]

MOSCOW, Reuters Russia was short of around 4.8 million workers in 2023 and the problem will remain acute in 2024, the Izvestia newspaper reported on Sunday, citing experts and research from the Russian Academy of Science39;s Institute of Economics. Central Bank Governor Elvira Nabiullina said last month that Russia39;s depleted labour force was causing acute labour shortages and threatening economic […]

BOJ will consider policy shift if wageprice cycle intensify Ueda says no decision yet on timing of policy shift Firms becoming more open to raising wages, prices Ueda TOKYO, Dec 25 Reuters Bank of Japan Governor Kazuo Ueda said on Monday the likelihood of achieving the central bank39;s inflation target was gradually rising and it […]

SHANGHAI, Dec 23 Reuters China39;s top planning body said on Saturday it had identified a second batch of public investment projects, including flood control and disaster relief programmes, under a bond issuance and investment plan announced in October to boost the economy. With the latest tranche, China has now earmarked more than 800 billion yuan […]

MOSCOW, Reuters Russia39;s central bank will need two to three months to make sure that inflation is steadily declining before taking any decision on interest rate cuts, the bank39;s governor Elvira Nabiullina told RBC media on Sunday. The central bank raised its key interest rate by 100 basis points to 16 earlier in December, hiking for the fifth […]

PCE price index falls 0.1 in November PCE price index increases 2.6 yearonyear Core PCE price index gains 0.1; up 3.2 yearonyear Durable goods orders jump 5.4; new home sales slump 12.2 WASHINGTON, Dec 22 Reuters U.S. prices fell in November for the first in more than 312 years, pushing the annual increase in inflation […]