Indias Industrial Output Up 4.8 yy in July

NEW DELHI, Sept 12 Reuters India39;s industrial output grew at 4.8 yearonyear in July, on the back of an increased electricity output, government data showed on Thursday. Economists polled by Reuters had expected growth of 4.7. Industrial output rose at a revised rate of 4.7 in June. Manufacturing output rose 4.6 in July, the same as […]
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Sterling Steady with Key Tests to Come

LONDON, Sept 12 Reuters The British pound was steady on Thursday after hitting a threeweek low against the dollar the day before after data showed the UK economy stagnated in July, while focus turned to next week39;s key inflation print and central bank meeting. Sterling was little changed on the day at 1.3052 and trading […]
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Dollar Firm after Inflation Data Douse Bets for Big Fed Cut

TOKYO, Sept 12 Reuters The dollar traded near a fourweek high versus the euro on Thursday after signs of some stickiness in U.S. inflation reinforced expectations that the Federal Reserve would avoid a supersized interest rate cut next week. Meanwhile, a quarterpoint rate reduction from the European Central Bank ECB is widely expected later in the day, […]
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