HOUSTON, April 30 Reuters Operators drilling for oil in Texas are scrambling to dispose of their excess natural gas amid a supply glut and weak prices, prompting an uptick in flaring requests. The Railroad Commission of Texas RRC, which regulates the state39;s oil and natural gas industry, last week approved 21 exemption requests from operators, […]

April 30 Reuters The French economy gained momentum in the first quarter, growing slightly faster than expected thanks to a pickup in consumer spending and business investment, official data published on Tuesday showed. Growth in the euro zone39;s secondbiggest economy rose by 0.2 in the first three months of the year after a 0.1 growth […]

BERLIN, April 30 Reuters The German economy skirted a recession at the start of the year, growing more than expected thanks to the construction sector and exports, preliminary data showed on Tuesday. The economy grew slightly in the first quarter, with gross domestic product rising 0.2 on the previous threemonth period in adjusted terms. Analysts […]

European carmakers post lower Q1 sales New model launches eat into margins Volkswagen, Stellantis, Mercedes Benz shares all lower LONDONFRANKFURT, April 30 Reuters European car giants Volkswagen, MercedesBenz and Stellantis all posted lower sales and firstquarter revenue on Tuesday as they geared up to launch new models, faced higher costs and were hit by weaker […]

LONDON, April 30 Reuters Global banking regulators on Tuesday proposed stricter standards for banks when assessing risks from customers to avoid the mismanagement highlighted by the collapse of Archegos, and episodes of volatility in commodities and Britain39;s government bond market. The Basel Committee, made up of banking regulators from the G20 economies and elsewhere, said […]

LONDON, April 30 Reuters Prices in British shops rose at the slowest pace in more than two years this month, the British Retail Consortium said on Tuesday, adding to signs of easing inflation pressures that will be welcomed by the Bank of England. Annual shop price inflation slowed to 0.8 in April from 1.3 in […]

TOKYO, April 30 Reuters Japanese service prices are rising and bumper pay hikes offered by firms will boost household income later this year, the Bank of Japan said, underscoring its conviction the economy is making progress towards sustainably achieving its 2 inflation target. The outcome of this year39;s strong wage negotiations will boost salaries around […]

China39;s factory, services activity growth slows in April Official PMI surveys show overall economic momentum fragile Property downturn, weak domestic demand big drags on growth Analysts say more policy support needed to bolster recovery BEIJING, April 30 Reuters Growth slowed in China39;s manufacturing and services sectors in April, official surveys showed on Tuesday, suggesting a […]