By William Schomberg LONDON (Reuters) – Finance executives at top British firms have turned more cautious in the face of high inflation and rising interest rates and they expect a …
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Business News
Rates surge hits UK wealth, but young people might gain – report
by Reutersby ReutersLONDON (Reuters) – The jump in interest rates has wiped more than 2 trillion pounds off household wealth in Britain over the last year due to the fall in house …
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(Reuters) -A meeting of global finance ministers, earnings from U.S. companies whose market value exceeds that of some nations’ entire economies, and a pulse-check for Chinese growth are in the …
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Business News
China’s frail Q2 GDP growth raises urgency for more policy support
by Reutersby ReutersBy Kevin Yao and Joe Cash BEIJING (Reuters) -China’s economy grew at a frail pace in the second quarter as demand weakened at home and abroad, with the post-COVID momentum …
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COPENHAGEN (Reuters) -Fashion retailer H&M will launch stores and online trade in Brazil in 2025, the company said on Monday. H&M opened its first store in Latin America in Mexico …
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Business News
Indonesia surprises with large trade surplus; rate cuts eyed before year-end
by Reutersby ReutersBy Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) -Indonesia recorded a surprisingly large trade surplus of $3.46 billion in June, as imports plunged more than expected and exports also remained …
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By Yoruk Bahceli (Reuters) – As markets navigate a likely end to the steepest interest rate rises in decades, investors say the Bank of England has been less consistent in …
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Business News
South Korea home prices stabilise in June as buying in Seoul improves
by Reutersby ReutersSEOUL (Reuters) – South Korea’s home prices were flat in June, data showed on Monday, as prices in the capital Seoul city stopped falling for the first time in a …
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(Reuters) -Traffic was stopped on the Russian-built Crimean Bridge due to “an emergency” situation, Russia-installed officials said on Monday, while Ukrainian media reported blasts on the bridge. Sergei Aksyonov, a …
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Business News
Pakistan and Argentina bonds’ surge belies bigger reform hurdles
by Reutersby ReutersBy Libby George and Jorgelina do Rosario LONDON (Reuters) -Investors have piled back into bonds in Pakistan and Argentina following cash infusions and optimism over multilateral support, but the two …
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A look at the day ahead in European and global markets from Wayne Cole It could have been worse, is about the best that can be said of China’s data …
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Business News
China June coal output rebounds from six-month low as heatwave boosts demand
by Reutersby ReutersBy Muyu Xu BEIJING/SINGAPORE (Reuters) – China’s average daily coal production rebounded in June from a six-month low the prior month, official data showed on Monday, as miners ramped up …
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Business News
Australia’s Endeavour shares hit record low as poker machine regulations land
by Reutersby ReutersBy Byron Kaye and Himanshi Akhand (Reuters) – Shares of Endeavour Group, Australia’s biggest pub owner, hit a record low on Monday after a surprise state government decision to impose …
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By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s property sales between June and May showed the largest monthly drop this year, based on sales by floor area, and …
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Business News
S.Korea central bank warns of financial stability risk as debts rise
by Reutersby ReutersSEOUL (Reuters) – South Korea’s central bank said on Monday there was a need to manage financial stability in addition to price risks as the country’s high household debts have …
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BEIJING (Reuters) -China’s June crude steel output rose 1.1% from May and 0.4% from a year earlier, the statistics bureau said on Monday, as mills were encouraged to ramp up …
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US and World News
Factbox-Crimea Bridge: why is it important and what happened to it
by Reutersby Reuters(Reuters) – Traffic on the road-and-rail bridge linking Russia and the Crimean peninsula was stopped early on Monday due to an “emergency situation,” the Russian-backed head of Crimea’s administration, Sergei …
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US and World News
Thousands evacuated as firefighters battle to control La Palma wildfire
by Reutersby ReutersBy Borja Suarez (Reuters) -Firefighters were trying to contain a wildfire which burned out of control and forced the evacuation of at least 4,000 people on the Spanish island of …
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BEIJING (Reuters) – China’s industrial output grew 4.4% in June from a year earlier, unexpectedly accelerating from 3.5% seen in May, but demand remains lukewarm amid a bumpy post-COVID economic …
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SHANGHAI/SINGAPORE (Reuters) -China’s central bank rolled over maturing medium-term policy loans and kept the interest rate unchanged as expected on Monday, however markets expect authorities will need to unleash more …
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US and World News
Progressive US Democrat Jayapal apologizes for calling Israel ‘racist’
by Reutersby ReutersWASHINGTON (Reuters) – Representative Pramila Jayapal, who heads a large group of progressive Democrats in the U.S. Congress, on Sunday apologized for calling Israel a racist state as Democratic leaders …
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By John Irish PARIS (Reuters) -British-born actress and singer Jane Birkin, a 1960s wildchild who became a beloved figure in France, has died in Paris aged 76. The French Culture …
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By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s new home prices were unchanged in June, the weakest result this year, data showed on Saturday, increasing pressure on policymakers for …
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US and World News
‘Heat storm’ stretches into southern Europe, health alerts issued
by Reutersby ReutersBy Crispian Balmer ROME (Reuters) -Italy issued hot weather red alerts for 16 cities on Sunday, with meteorologists warning that temperatures will hit record highs across southern Europe in the …
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Business News
China’s Xiaomi bets bigger on India retail stores amid Samsung rivalry
by Reutersby ReutersBy Aditya Kalra NEW DELHI (Reuters) -China’s Xiaomi will focus on boosting its India sales from retail outlets after years of big bets on e-commerce, its India president said, as …