WASHINGTON, Nov 21 Reuters U.S. existing home sales rebounded sharply in October, posting the first annual gain since mid2021, as buyers rushed into the market to take advantage of a brief decline in mortgage rates. Home sales jumped 3.4 last month to a seasonally adjusted annual rate of 3.96 million units, the National Association of […]

LONDON, Nov 21 Reuters British manufacturers expect their output to grow after a recent slump linked to uncertainty about the first budget of the new government, the U.S. elections and other factors, the Confederation of British Industry said on Thursday. The CBI39;s monthly industrial trends survey showed output expectations for the next three months improved […]

WASHINGTON, Nov 21 Reuters The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, suggesting that job growth likely rebounded in November after abruptly slowing last month amid hurricanes and strikes. Initial claims for state unemployment benefits dropped 6,000 to a seasonally adjusted 213,000 for the week ended Nov. 16, the […]

LONDON, Nov 21 Reuters Growth in pay awards by British employers held steady in the three months to October but is expected to cool in 2025, according to a survey on Thursday that showed firms under pressure from the new government39;s decisions on tax and wages. Human resources data firm Brightmine said the median pay […]

Nov 21 Reuters New car sales in Europe were flat in October, after falling for two consecutive months, industry data showed on Thursday, while the transition to fully electric or hybrid models gained ground in the month. An uptick in total sales in Spain and Germany, of 7.2 and 6 respectively, offset a contraction in […]

COLOMBO, Nov 21 Reuters Sri Lanka expects the IMF to announce a staff level agreement on its third review of the country39;s bailout programme on Friday, President Anura Kumara Dissanayake told the first sitting of the new parliament. Once IMF executive board approval is given, a further tranche of about 337 million in funds is expected to […]

BERLIN, Nov 21 Reuters The number of insolvencies in Germany rose by 22.9 in October on the previous year, the country39;s statistics office Destatis said on Thursday. This means that with the exception of June 2024, the number of involvencies has seen doubledigit monthly increases since June 2023, Destatis said. Collapsing demand from Germany and […]