News & Analytic Centre

NEW DELHI, Nov 12 Reuters India39;s industrial output rose 3.1 yearonyear in September, backed by manufacturing activity, government data showed on Tuesday. Economists polled by Reuters had expected a growth of 2.5. In August, industrial output had contracted for the first time in nearly two years. Manufacturing output climbed 3.9 yearonyear in September, electricity generation grew […]

SAO PAULO, Nov 12 Reuters Retail sales in Brazil rose less than expected in September but recovered from a fall in the previous month, as the strength of Latin America39;s largest economy keeps in focus amidst the central bank39;s fight against inflation. Retail sales volumes rose 0.5 in September from August, statistics agency IBGE said […]

MUMBAI, Nov 12 Reuters Indian wheat prices have jumped to a record high due to strong demand, limited supplies, and a delay in the government releasing stocks from its warehouses to augment supplies, industry officials said on Tuesday. The record prices are likely to lift retail inflation that surged to a 14month high in October, driven by […]

SYDNEY, Nov 12 Reuters Australian consumer sentiment rose sharply in November for a second straight month, reaching a 212year high with the mood on the economy and finances finally turning optimistic, a survey showed on Tuesday. The WestpacMelbourne Institute index of consumer sentiment rose 5.3 in November from October, when it jumped 6.2. The index […]

SYDNEY, Nov 12 Reuters Australian business confidence rebounded to its highest in almost two years in October as sales proved resilient and pressure on input costs eased, a survey showed on Tuesday. The survey from National Australia Bank NAB showed its index of business conditions held at 7 in October. The more volatile confidence index […]

NEW DELHI, Nov 12 Reuters India is considering the relaxation of quarterly spending limits to ensure it does not fall short of its capital expenditure target for the financial year 20242025, according to a government source. Federal government spending slowed during AprilJune due to the national elections, with total expenditure in six months through September […]

ISLAMABAD, Nov 12 Reuters The International Monetary Fund39;s Pakistan mission chief Nathan Porter on Tuesday opened unusual talks with Pakistan over a 7 billion bailout approved by its board in September, the finance ministry and sources said. The unscheduled visit of the IMF mission and talks beginning with meeting the country39;s finance team are too early for […]

LONDON, Nov 12 Reuters British wage growth excluding bonuses fell in the third quarter to its lowest level in over two years, official data showed on Tuesday, something that will give the Bank of England confidence that inflation pressures will continue to ease as it hopes. British average weekly earnings, excluding bonuses, were 4.8 higher […]

MUNICH, Nov 12 Reuters Germany39;s largest industrial union said it had struck a wage deal in regional talks for the electrical engineering and metal industries on Tuesday, signalling an end to difficult negotiations that saw tens of thousands of workers go on strike. After a marathon 18 hours of talks, the union said it would […]