Fourthquarter GDP growth revised up to 3.4 rate Consumer spending, business investment revised higher Corporate profits increase, boost GDI growth Weekly jobless claims fall 2,000 to 210,000 WASHINGTON, March 28 Reuters The U.S. economy grew faster than previously estimated in the fourth quarter, boosted by strong consumer spending and business investment in nonresidential structures like […]

March 28 Reuters Britain39;s car production increased by 14.6 yearonyear in February, thanks to strong domestic demand, industry data showed on Thursday. However, with major manufacturers stemming production of some LNGrunning models to focus on new electric variants, production volumes may be more variable in the months ahead, the Society of Motor Manufacturers and Traders […]

SYDNEY, March 28 Reuters India39;s bulging pipeline of large block trades and listings such as the 3 billion IPO of Hyundai Motor39;s unit will draw more funds to a market whose share of global equity capital market deals has already hit a record this year, bankers said. A paucity of deals elsewhere in Asia will add […]

Tokyo will respond vs excessive moves, says govt spokesperson Yen off lows after top currency diplomat Kanda39;s warning Expectations of slow BOJ rate hike to weigh on yen analyst TOKYO, March 28 Reuters Japan continued its jawboning on Thursday to stave off further yen declines, with the government39;s top spokesperson renewing a warning that Tokyo […]

NEW YORK, March 28 Reuters Mergers and acquisitions MA bounced back in the first quarter after a downbeat 2023, thanks to the return of mega deals, cheering investment bankers and lawyers waiting for a pickup. Total MA volumes globally climbed 30 to about 755.1 billion, according to the most recent data from Dealogic. The number […]

LONDON, March 28 Reuters Official figures confirmed Britain39;s economy entered a shallow recession last year, leaving Prime Minister Rishi Sunak with a challenge to reassure voters that the economy is safe with him before an election expected later this year. Gross domestic product shrank by 0.1 in the third quarter and by 0.3 in the […]

March 28 Reuters German retail sales unexpectedly fell in February, data showed on Thursday, quashing hopes that private consumption could help Europe39;s largest economy to recover in the first quarter. Retail sales decreased by 1.9 compared with the previous month in real terms. Analysts polled by Reuters had predicted a 0.3 increase in February. That […]

BERLIN, March 28 Reuters The number of people out of work in Germany rose less than expected in March, Federal Labour Office figures showed on Thursday. The office said the number of unemployed grew by 4,000 in seasonally adjusted terms to 2.719 million. Analysts polled by Reuters had expected that figure to rise by 10,000. […]

FRANKFURT, March 28 Reuters Bank lending to euro zone companies and households continued to stagnate last month, with high interest rates likely to have discouraged borrowers as well as lenders, European Central Bank data showed on Thursday. The ECB has jacked up borrowing costs to record highs to tame inflation but this has taken a […]