China factory activity growth accelerates in Dec – Caixin PMI
BEIJING (Reuters) – China’s factory activity expanded at a quicker pace in December due to stronger gains in output and new orders, but business confidence for 2024 remained subdued, a private-sector survey…
Portugal’s quarterly growth accelerates, contrasts with EU slowdown
(Reuters) – The pace of Portugal’s economic growth doubled to 11.9% in the first quarter from a year earlier and accelerated from the preceding quarter, in contrast to a slowdown in Europe,…
Argentina accelerates hike in minimum wage
(Reuters) – Argentina will increase its monthly minimum wage to 45,540 pesos ($389.46) in June and to 47,850 pesos in August, the Ministry of Economy said on Tuesday. “The increases in (minimum…
Mercedes-Benz accelerates in-house software push with new tech centre
BERLIN – Mercedes-Benz opened a new 200 million euro ($217 million) software centre in Sindelfingen on Friday, its latest investment in boosting in-house software capabilities as it works to bring its own…
India’s February WPI inflation accelerates to 13.11% y/y
NEW DELHI – India’s annual wholesale price-based inflation accelerated to 13.11% in February from the previous month’s 12.96%, government data showed on Monday. February’s figure was higher than 12.10% forecast in a…
Palladium firms near record, gold accelerates as Ukraine worries mount
By Bharat Gautam – Palladium hovered marginally below an all-time peak in volatile trading on Tuesday as the Russia-Ukraine crisis fuelled worries of a supply squeeze of the metal, while safe-haven gold…
S.Korea Feb inflation accelerates to near decade high amid Ukraine crisis
By Joori Roh SEOUL – South Korea’s consumer inflation hovered near a decade high in February and stood above the central bank’s 2% target for an 11th month, adding pressure on policymakers…
Russian inflation accelerates to 9.05% as rouble slips
MOSCOW – Annual consumer inflation in Russia accelerated to 9.05% as of Feb. 25 from 8.84% a week earlier, the economy ministry said on Wednesday, climbing further above an official 4% target.…
China’s Feb service sector activity growth accelerates – official PMI
BEIJING – Activity in China’s services sector grew at a faster pace in February, official data showed on Tuesday. The official non-manufacturing Purchasing Managers’ Index (PMI) was at 51.6 in February versus…
U.S. business activity accelerates in February – IHS Markit survey
WASHINGTON – U.S. business activity regained speed in February as the drag from the winter surge in COVID-19 infections diminished, but higher prices for inputs remained a burden amid lingering supply constraints.…
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