July 30 Reuters Portugal39;s economy grew a timid 0.1 in the second quarter compared to the previous threemonth period, when it expanded a revised 0.8, hit by staggered exports and a slowdown in private consumption, official data showed on Tuesday. The National Statistics Institute INE also said in its flash estimate that gross domestic product […]

BEIJING, Reuters China39;s factory activity likely shrank for a third month in July, a Reuters poll showed on Monday, keeping alive expectations officials will need to release further stimulus as a protracted property crisis and job insecurity drag on growth. The official purchasing managers39; index PMI was forecast at 49.3, down from June39;s reading of 49.5, […]

WASHINGTON, July 29 Reuters The Federal Reserve is expected to hold interest rates steady at a twoday policy meeting this week but open the door to interest rate cuts as soon as September by acknowledging inflation has edged nearer to the U.S. central bank39;s 2 target. Policymakers in advance of the July 3031 meeting were […]

Exports forecast at 18.4 yy in July vs 5.1 in June Exports growth momentum might have peaked economists Chip sales, US shipments strong; auto sales, China shipments improving SEOUL, July 30 Reuters South Korea39;s exports are expected to have risen in July at the fastest pace in 26 months, as computer chip sales continued to […]

LONDON, July 30 Reuters Prices in British shops rose at the jointslowest rate since October 2021 this month, held down by falls in the cost of nonfood items as food prices continued to rise, the British Retail Consortium said on Tuesday. Shop prices in July were on average 0.2 higher than a year earlier, the […]

HONG KONG, July 30 Reuters Japanese banks have attracted larger foreign investment flows than other sectors, as investors see them as top beneficiaries of potential monetary tightening. Analysts said Japan39;s emergence from decades of deflation and higher rates will mean better earnings for banks, supporting their stock prices. WHY IT39;S IMPORTANT The Bank of Japan ends a […]

SEOUL, July 30 Reuters South Korea39;s monetary policy board was divided over when to cut interest rates with a majority of the sevenmember board concerned about lower borrowing costs leading to price increases in the housing market, July meeting minutes showed on Tuesday. The Bank of Korea said at the meeting that it was time […]

July 30 Reuters The Spanish economy recorded a fasterthanexpected 2.9 annual growth in the second quarter, indicating it would outpace other big eurozone economies this year. The economy grew 0.8 in the second quarter from the previous three months, also quicker than expected, preliminary data from the National Statistics Institute showed on Tuesday. Analysts polled […]

BERLIN, July 30 Reuters The German economy unexpectedly shrank in the second quarter after skirting a recession at the beginning of the year, showing that the euro zone39;s biggest economy is failing to take off despite the easing of inflation pressures. Germany39;s gross domestic product contracted by 0.1 in the second quarter compared with the […]