TOKYO, Dec 5 Reuters Japan39;s economy likely shrank slightly less than initially estimated in JulySeptember, reflecting an expected upward revision in private sector capital investment, a Reuters poll showed on Tuesday. Revised real gross domestic product GDP data on Friday is expected to show Asia39;s secondlargest economy contracted at an annualised rate of 2.0 in […]

BANGKOK, Dec 6 Reuters Thailand39;s economy is expected to grow 2.5 to 3.0 this year, unchanged from a previous forecast, a leading joint business group said on Wednesday. Tourism revenue will be lower than expected because Thailand is expected to receive only 28 million foreign arrivals this year, down from an earlier forecast of 30 […]

SHANGHAI, Dec 6 Reuters China39;s major stateowned banks were selling U.S. dollars in the onshore spot foreign exchange market for a second day on Wednesday to support the yuan currency, three sources with knowledge of the matter said. The yuan has come under renewed depreciation pressure after rating agency Moody39;s on Tuesday cut its outlook on China39;s […]

SHANGHAI, Dec 6 Reuters China39;s bluechip stocks slumped to an almost fiveyear trough on Wednesday while the yuan currency extended losses, as markets grappled with Moody39;s cut to China39;s credit outlook at a time of growing worries about the economy39;s stuttering recovery. The ratings agency issued a downgrade warning on China39;s sovereign credit rating on Tuesday, saying […]

BERLIN, Dec 6 Reuters German industrial orders fell unexpectedly in October, declining by 3.7 on the previous month on a seasonally and calendaradjusted basis, the federal statistics office said on Wednesday. A Reuters poll of analysts had pointed to a rise of 0.2, following a revised 0.7 increase in September. Excluding largescale orders, manufacturers saw […]

BRUSSELS, Dec 5 Reuters European Union governments look increasingly unlikely to reach a deal on new EU fiscal rules this year because their differences on the pace needed to consolidate public finances are too big, officials said. On Friday EU finance ministers are to discuss changes to the rules, which underpin the value of the […]

LONDON, Dec 5 Reuters The downturn in euro zone business activity eased last month but still indicates the bloc39;s economy will contract again this quarter as the dominant services industry continues to struggle to generate demand, a survey showed. Last quarter the economy contracted 0.1, according to official data, and Tuesday39;s Composite Purchasing Managers39; Index PMI for […]