LONDON, Aug 31 Reuters Confidence among British businesses has sunk to its lowest since March 2021 as companies worry about fastrising inflation, according to a survey published on Wednesday which also showed pay pressures stabilising after a recent rise. Lloyds Bank said its monthly business barometer dropped to 16 in August from 25 in July, […]

AprilJune growth forecast at 15.2 yy vs 4.1 yy in JanMarch Economists see growth slowing down sharply after rate hikes Say economy to grow 6.2 yy in JulySept, 4.5 yy in OctDec India to release GDP data at 1200 GMT on Wednesday NEW DELHI, Aug 31 Reuters India39;s economy probably achieved its fastest annual expansion […]

SYDNEY, Aug 31 Reuters Central banks had been caught napping with respect to inflation and would have to raise interest rates more aggressively as a result, extending equity market turmoil, the head of Australia39;s sovereign fund said on Wednesday. The chair of the Future Fund, which covers pension liabilities for Australian public servants, also criticised […]

SHANGHAI, Aug 31 Reuters Investors are snapping up China39;s coal stocks, betting the country39;s urgency to revive economic growth will override concerns about pollution to drive demand for fossil fuels and reliable energy. China39;s coal index surged roughly 10 in August, bringing this year39;s gains to nearly 50, against a drop of almost 20 for the […]

Outage for maintenance on Nord Stream 1 pipeline No flows to Germany 0100 GMT, Aug. 31 0100 GMT, Sept. 3 European governments fear Moscow could extend the outage German regulator we are saving gas, must keep doing so Siemens Energy not involved in maintenance work FRANKFURTLONDON, Aug 31 Reuters Russia halted gas supplies via Europe39;s […]

LONDON, Aug 31 Reuters Stocks eased on Wednesday after Russia switched off a key gas tap to Europe, compounding fears of recession just as central banks on both sides of the Atlantic prepare to raise borrowing costs again next month. Oil added to Tuesday39;s hefty losses, while the dollar was helped by strongerthanexpected U.S. jobs […]

ONS says power bill rebates won39;t feed into inflation measures UK inflation running at 10.1 and seen rising higher Opposite ruling could have cut inflation by 0.30.4 LONDON, Aug 31 Reuters British government energy bill rebates for households cannot be viewed as lowering inflation, official statisticians said on Wednesday, ruling out the possibility of a […]