BEIJINGHONGKONG, Oct 8 Reuters China39;s average daily home sales during the Golden Week holiday leapt 23 by floor area from the same period last year, boosted by improved market sentiment after the government39;s support policies, a survey by the China Index Academy showed on Tuesday. The market, in a slump since 2021 after a string […]

LISBON, Oct 8 Reuters The Bank of Portugal on Tuesday lowered the economic growth outlook for this year to 1.6 from 2.0 it projected in June, pointing to an anaemic third quarter with a slowdown in exports and private consumption. It expects the economy, which grew 2.5 in 2023, to expand by 2.1 next year […]

UK grocery inflation was 2.0 in four weeks to Sept. 29 Kantar Grocery sales up 2.0 over four week period yearonyear Ocado and Lidl are fastest growing grocers Tesco market share hits 28, highest since 2017 LONDON, Oct 8 Reuters British shoppers faced increased pressure on their budgets last month after grocery price inflation edged […]

LONDON, Oct 8 Reuters British finance minister Rachel Reeves needs to strike a positive tone at her first budget on Oct. 30 in order to give businesses the confidence to invest, the Confederation of British Industry said on Tuesday. After winning a large parliament majority on July 4, Reeves and Prime Minister Keir Starmer said […]

LONDON, Oct 8 Reuters British shoppers increased their spending moderately in annual terms last month despite industry concerns about tax rises in finance minister Rachel Reeves39; upcoming budget and a looming rise in household energy bills, a survey showed on Tuesday. The British Retail Consortium said spending in shops increased by 2.0 in annual terms […]

Oct 8 Reuters German industrial production rose more than expected in August thanks to an increase in production in the automotive industry. Production increased by 2.9 in August compared to the previous month, the federal statistics office said on Tuesday. Analysts polled by Reuters had predicted a 0.8 rise. Production in the automotive industry is […]

Property and casualty insurance stocks slump on Hurricane Miltonrelated fears Another catastrophe adds to insurers39; Florida woes Analysts say the full extent of hurricane season damage still unknown Reuters U.S. property and casualty insurance stocks tanked on Monday after Hurricane Milton intensified into a category 4 storm on its path towards Florida39;s western coast, marking yet another […]

LONDON, Oct 7 Reuters British firms have grown more downbeat about the outlook as concerns about the tax impact of the new Labour government39;s upcoming autumn budget and conflict in the Middle East dampened sentiment, a survey showed on Tuesday. The British Chambers of Commerce said 48 of 5,152 companies it surveyed between Aug. 19 […]

LONDON, Oct 8 Reuters The British pound drifted near more than threeweek lows against the dollar on Tuesday as investors assessed geopolitical risks in the Middle East and the next steps in the Bank of England39;s easing cycle. Sterling tumbled last week after BoE Governor Andrew Bailey was quoted as saying the central bank might […]