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Argentinas August Inflation Still Stubborn, Residents Struggle to Save

BUENOS AIRES, Sept 11 Reuters Argentina39;s monthly inflation rate stood at 4.2 in August, official data published on Wednesday showed, rising from last month and surpassing analysts39; forecasts, while Argentines tighten their wallets to deal with spiraling costs. Inflation in the 12 months through August reached 236.7, still the highest level recorded in the world, […]
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US Businesses Optimism in China Falls to Record Low, Survey

Only 47 of US firms optimistic on 5year outlook US firms profitable in China down to 66 in 2023 Geopolitical tension rated as biggest challenge SHANGHAI, Sept 12 Reuters Political tensions, China39;s slowing economic growth and fierce domestic competition are sapping the confidence of U.S. businesses in the country, with optimism about their fiveyear outlook […]
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European Shares Rise on Boost from Tech, Resources Sectors

STOXX 600 up 0.2 Britain39;s economy showed no growth on a monthonmonth basis Commerzbank surges after Unicredit bought 9 stake Sept 11 Reuters European shares opened higher on Wednesday, boosted by the tech and basic resources sectors, while investors awaited a key U.S. inflation reading for clues on the Federal Reserve39;s interest rate decision next […]
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Sterling Edges Up against the Dollar after UK Data

LONDON, Sept 11 Reuters Sterling gained slightly versus the dollar on Wednesday, recovering from a dip earlier in the session, but slid against the euro after data showed Britain39;s economy stagnated unexpectedly in July, as manufacturing output fell. British economic output showed no change in monthonmonth terms in July, as it did in June, data […]
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Indian Shares Fall on Profit Booking ahead of US Data

BENGALURU, Sept 11 Reuters Indian shares ended lower on Wednesday as investors booked profits across sectors, ahead of key U.S. inflation data that could influence the size of a likely reduction in Federal Reserve interest rates next week. The Nifty 50 index fell 0.49 to 24,918.45, while the SP BSE Sensex lost 0.49 to 81,523.16. Both benchmarks […]
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TSX Futures Flat as Investors await US Inflation Data

Sept 11 Reuters Futures tied to Canada39;s main stock index were muted on Wednesday as investor caution ahead of U.S. inflation data overshadowed gains in crude prices. September futures on the SPTSX index were flat at 0.0 at 611 a.m. ET 1011 GMT. The U.S. Labor Department39;s consumer price index CPI data, due at 830 […]
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Major Gulf Markets in Red on Weak Oil, US Data in Focus

Sept 11 Reuters Major Gulf stock markets fell in early trade on Wednesday, dragged by weaker oil prices, while investors awaited key U.S. inflation data that could affect the size of a potential interest rate cut from the Federal Reserve next week. OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data […]
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Libya Oil Exports Plunge, NOC Cancels Cargoes Due to Crisis

DUBAILONDON, Sept 11 Reuters Libyan oil exports fell around 81 last week, Kpler data showed, as the National Oil Corporation cancelled cargoes amid a crisis over control of Libya39;s central bank and oil revenue. The standoff began last month when western Libyan factions moved to oust a veteran central bank governor, prompting eastern factions to […]
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Agrichemicals Company Syngenta Cuts Jobs in Switzerland

ZURICH, Sept 11 Reuters Agrochemicals company Syngenta is cutting just over 10 of its workforce at its Swiss headquarters in Basel, the company said on Wednesday, following a big downturn in its crop protection business this year. Up to 150 of the 1,100 positions in the city will be affected at the Chineseowned company which […]
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