Euro zone inflation falls to 2.2 September rate cut seen as 39;foregone conclusion39; Services get Olympics boost FRANKFURTTALLINN, Aug 30 Reuters Inflation in the euro zone fell to its lowest level in three years in August, setting the stage for a further cut in the European Central Bank39;s interest rates next month despite an Olympicsdriven […]

Q2 growth led by government spending, business investments June economic growth flat, likely unchanged in July Markets expect 25 basis point cut by BoC next month OTTAWA, Aug 30 Reuters Canada39;s economy grew faster than expected in the second quarter, led by government expenditure, increased business investments and consumers spending higher on services, data showed […]

SYDNEY, Aug 30 Reuters Australian retail sales were flat in July after two months of upbeat results, showing largescale tax cuts were yet to boost spending and firming expectations the next move in interest rates will be down. Data from the Australian Bureau of Statistics ABS on Friday showed retail sales were unchanged in July […]

BEIJING, Aug 30 Reuters China39;s factory activity likely shrank for a fourth month in August, a Reuters poll showed on Friday, reinforcing the need for officials to direct more stimulus towards households and less to building projects. The official purchasing managers39; index PMI was forecast at 49.5, up from July39;s reading of 49.4, according to […]

LONDON, Aug 30 Reuters British house prices unexpectedly fell in August for their first monthly drop since April but the outlook for the property market is likely to strengthen, Nationwide Building Society, a major mortgage lender, said on Friday. House prices slipped by 0.2 on the month, Nationwide said. Economists polled by Reuters had forecast […]

Property indicators seen falling faster than previous forecasts BEIJING, Aug 30 Reuters China39;s home prices will fall at a faster pace that previously forecast this year and next, a Reuters poll showed, as support policies from Beijing struggle to help the property sector find a bottom. The poll showed home prices would fall 8.5 in […]

BERLIN, Aug 30 Reuters The number of people out of work in Germany rose significantly less than expected in August, Federal Labour Office figures showed on Friday. The office said the number of unemployed grew by 2,000 in seasonally adjusted terms to 2.8 million. Analysts polled by Reuters had expected that figure to rise by […]