November 2024 – Page 2 – UAG Trade Asia

UK Economy Risks Big Hit Under Trump Tariffs Plan, Think Tank

November 6, 2024
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LONDON, Nov 6 Reuters A leading British think tank said on Wednesday that the country39;s already slow economic growth rate could be more than halved if Donald Trump wins the U.S. presidential election and imposes sweeping import tariffs. In its latest report, the National Institute of Economic and Social Research painted a bleak picture for […]

November 6, 2024
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Exports climb 10.1 in October yy Imports up 13.6 yy, mostly raw materials for manufacturing Industrial output grows 7 in Oct vs 10.8 in Sept Export growth to be solid, led by textiles, computers Oxford HANOI, Nov 6 Reuters Vietnam reported an October trade surplus of 2 billion, narrowing from the previous month as imports […]

November 6, 2024
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BENGALURU, Nov 6 Reuters Growth in India39;s dominant services industry picked up last month after dipping to a 10month low rate in September amid a marked expansion in demand, according to a business survey that also showed the sector39;s workforce increased sharply. That signaled a relatively strong start for Asia39;s thirdlargest economy in 202439;s final […]

November 6, 2024
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TOKYO, Nov 6 Reuters Japanese trading house Itochu on Wednesday posted 438.4 billion yen 2.9 billion in net profit for the six months to endSeptember, up 6 from a year earlier, on nonresource items including food and the FamilyMart convenience store chain. Itochu kept its net profit forecast for the fiscal year unchanged at 880 […]

November 6, 2024
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Nov 6 Reuters German industrial orders rose more than expected in September thanks to largescale orders such as aircraft, ships, trains and military vehicles, according to data released on Wednesday. Orders increased by 4.2 on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said. A Reuters poll of analysts […]

November 6, 2024
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PARIS, Nov 6 Reuters France39;s services sector began the fourth quarter on a weak footing, with activity contracting at the fastest pace since March as demand conditions deteriorated, a survey of business executives showed on Wednesday. The HCOB France Services PMI, compiled by SP Global, fell to 49.2 in October from 49.6 in September, below […]

November 6, 2024
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LONDON, Nov 6 Reuters Growth in activity among British construction firms hit a 10month low in October and housebuilding slowed for the first time since June, according to a survey that underscores the challenge facing the new government that wants to speed up building of homes. The SP GlobalCIPS UK Construction Purchasing Managers39; Index slowed […]

November 6, 2024
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LONDON, Nov 6 Reuters Britain39;s Marks Spencer faces 120 million pounds of extra costs next year as a result of the government39;s budget on Oct. 30, the food and clothing retailer39;s chief executive said on Wednesday. An increase to employers39; social security contributions amounts to a 60 million pound headwind to MS next year, while the 6.7 […]

November 6, 2024
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Novo Nordisk jumps on Q3 Wegovy sales beat BMW down after Q3 profit miss STOXX volatility index at more than onemonth low STOXX up 1.2 Nov 6 Reuters European shares jumped more than 1 on Wednesday, tracking a rise in U.S. stock futures, as Donald Trump was elected U.S. president and Republicans took control of […]

November 6, 2024
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Republican Donald Trump wins U.S. election Trump trades boost dollar, rand tumbles Market volatility likely, analysts say JOHANNESBURG, Nov 6 Reuters The South African rand slumped against a buoyant dollar on Wednesday as Trump trades surged, after Donald Trump won the U.S. election. Republican Trump recaptured the White House on Wednesday by securing more than the 270 […]

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UK Economy Risks Big Hit Under Trump Tariffs Plan, Think Tank

Vietnam Records 2B Trade Surplus in Oct, Lowest since May

Strong Demand Revives India Services PMI in October

Food, FamilyMart Drive Japans Itochus H1 Profit Up 6

German Industrial Orders Rise more than Expected in Sept

French Services Sector Contracts Further in October, PMI

UK Construction Sector Growth Slows, HouseBuilding Drag Intensifies, PMI

MS says UK Government Budget to Cost it 120 mln stg

European Shares Advance as Trump Elected US President

South African Rand Nosedives as Trump Wins US Election

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