BRASILIA (Reuters) – Brazilian central bank chief Roberto Campos Neto said on Tuesday that the slower growth seen in China is not affecting commodity prices “that much.” Speaking at an …
Growth
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China’s Leapmotor looks to sell EV tech as it targets export growth
by Reutersby ReutersMUNICH (Reuters) – China’s Leapmotor needs to increase its sales by five times or more to survive a consolidating EV industry and is seeking partners outside China to license its …
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India’s services growth slowed slightly in Aug but exports hit record high
by Reutersby ReutersBy Anant Chandak BENGALURU (Reuters) – Growth in India’s dominant services industry lost some steam in August but overall conditions remained strong despite elevated inflationary pressures, according to a business …
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UAE’s non-oil business growth slows in August but confidence high-PMI
by Reutersby ReutersDUBAI (Reuters) – Growth in non-oil business activity in the United Arab Emirates eased in August to the slowest pace in six months, but business confidence rose to its highest …
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TOKYO (Reuters) – Japan’s service sector activity expanded at its quickest pace in three months in August, underpinned by robust consumer spending as inbound tourism regained momentum, a private-sector survey …
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UK consumer spending growth slows in August despite ‘Barbenheimer’ boost
by Reutersby ReutersBy David Milliken LONDON (Reuters) – British consumer spending growth lost pace last month, adding to signs of a weakening economy, despite a doubling in cinema takings after the release …
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By Marc Jones LONDON (Reuters) – Credit rating agency Moody’s raised its 2023 U.S. economic growth forecast on Friday but cut its estimate next year for China, saying that while …
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NEW YORK (Reuters) – The U.S. economy added more jobs than expected in August, but a rise in the unemployment rate and moderation in wage growth pointed to an easing …
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WASHINGTON (Reuters) – U.S. private payrolls increased less than expected in August, the latest indication that the labor market was losing steam, though it remains tight. Private payrolls rose by …
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By Marco Aquino LIMA (Reuters) – Peru lowered its economic growth forecasts for 2023 and 2024 on Tuesday amid poor weather, lower private investment in mining, and anti-government protests earlier …
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BERLIN (Reuters) – Growth in lending to euro zone companies slowed again in July, adding to already mounting evidence that sharply higher interest rates are putting a brake on credit …
- Business News
China new home prices growth likely flat in 2023, dragging on economy – Reuters poll
by Reutersby ReutersBy Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s new home prices will likely show no growth this year, according to a Reuters poll, highlighting the intense pressure in …
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BANGKOK (Reuters) – Thailand’s employment in the second quarter rose 1.7% from a year earlier, slowing from a 2.4% increase in the previous three months, the state planning agency said …
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Marketing firm Klaviyo discloses revenue growth, profitability in IPO filing
by Reutersby Reuters(Reuters) -Data and marketing automation firm Klaviyo disclosed its paperwork for an initial public offering (IPO) on Friday, reporting a surge in revenue growth and profitability in its most recent …
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Nigeria’s GDP growth slows to 2.5% y/y in Q2 as reforms get under way
by Reutersby ReutersBy Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s annual economic growth rate slowed to 2.51% in the second quarter, data showed on Friday, hurt by a fall in oil production amid …
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Momentum growing for ECB rate hike pause as growth falters -sources
by Reutersby ReutersBy Balazs Koranyi JACKSON HOLE, Wyoming (Reuters) – European Central Bank policymakers are increasingly concerned about deteriorating growth prospects and, while the debate is still open, momentum for a pause …
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(Reuters) – The red-hot U.S. job market was not quite as blistering as originally reported in the year through March, after the Labor Department on Wednesday lowered its estimate of …
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South Korea consumer sentiment weakens in August on growth worries
by Reutersby ReutersSEOUL (Reuters) – South Korea’s consumer sentiment weakened in August for the first time in six months, a central bank survey showed on Tuesday, amid worries about sluggish economic growth. …
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Biden Says Infrastructure Bill Will Drive Job Growth. There’s Just One Problem
Biden Says Infrastructure Bill Will Drive Job Growth. There’s Just One Problem Nick Pope on August 21, 2023 President Joe Biden routinely touts the jobs “boom” that he thinks the …
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By Lewis Jackson SYDNEY (Reuters) – Australia’s economy is projected to grow more slowly over the next 40 years as an aging population and slower population growth shrink the workforce, …
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Euro zone set for growth over next ‘couple’ of years – ECB’s Lane
by Reutersby ReutersFRANKFURT (Reuters) – The euro zone economy will keep growing in the coming years and is unlikely to experience a deep or sustained recession, European Central Bank chief economist Philip …
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By Jeanny Kao and Faith Hung TAIPEI (Reuters) – Taiwan’s export-dependent economy will probably grow at its slowest pace in eight years this year, the government’s statistics office said on …
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Hedge funds slow value exodus as AI hype drives up growth stocks
by Reutersby ReutersNEW YORK/LONDON (Reuters) – Hedge funds have slowed their exit from value stocks and small-cap stocks over the past month, as enthusiasm for artificial intelligence has driven up valuations for …
- Business News
China will strengthen policy coordination to meet growth target – state media
by Reutersby ReutersBEIJING (Reuters) – China will strengthen the coordination of various policies to boost growth and meet this year’s economic target, according to a cabinet meeting cited by state media on …
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FRANKFURT (Reuters) – The euro zone’s vast industrial sector rebounded in June, giving overall growth a small boost to end an otherwise weak quarter on a positive note, data from …