TAIPEI (Reuters) – Taiwan’s trade-dependent economy unexpectedly contracted in the fourth quarter, putting in its worst performance in 13 years, hit by a drop in exports on slowing global tech…
BEIJING (Reuters) – China’s property sector fell 5.1% in 2022 from a year earlier, value-added data from the National Bureau of Statistics (NBS) showed on Wednesday, heaping more pressure on…
MOSCOW (Reuters) – Activity in Russia’s services industry shrank for the third month running in December, a survey showed on Friday, as companies faced weak consumer demand at home, severe…
WASHINGTON (Reuters) – The U.S. current account deficit narrowed sharply in the third quarter as exports jumped to a record high, data showed on Wednesday. The Commerce Department said that…
BRASILIA (Reuters) – Brazil’s economic activity contracted in October, a central bank index showed on Wednesday, as aggressive interest-rate hikes to battle inflation takes a toll on growth in Latin…
CAIRO (Reuters) – Egypt’s non-oil private sector shrank in November at its sharpest rate since the outbreak of the coronavirus pandemic in early 2020, with a weaker currency weighing on…
BEIJING (Reuters) – China’s factory activity shrank in November as widespread COVID-19 curbs disrupted manufacturers’ output, a private sector survey showed on Thursday, weighing on employment and economic growth in…
SEOUL (Reuters) – South Korea’s factory activity shrank for a fifth straight month in November but the downturn moderated slightly, a private-sector survey showed on Thursday, possibly suggesting the worst…
MOSCOW (Reuters) -The Russian economy shrank 1.7% year on year from January to September, but capital investment, one of the main economic growth drivers, rose 5.9% in the same period,…
MOSCOW (Reuters) – Russia’s economy shrank 4% year-on-year in the third quarter of 2022, data from the Rosstat federal statistics service showed on Wednesday, as the consequences of the country’s…
MOSCOW (Reuters) – Russia’s service sector contracted sharply in October, dragged down by weak domestic and foreign demand, as well as slumping workforce numbers, which fell at the fastest pace…
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine.) MOSCOW (Reuters) – Russia’s economy shrank by 5% on an annualised basis in…
By Mahmoud Salama CAIRO (Reuters) – The gap between the official and black market price of dollars in Egypt has narrowed significantly since the central bank announced a flexible exchange…
LONDON (Reuters) – British manufacturing last month suffered its biggest contraction since the depths of the first COVID-19 lockdown in May 2020, with optimism draining fast, a survey showed on…
BEIJING (Reuters) – China’s factory activity weakened in October as protracted COVID-19 restrictions disrupted production and subdued demand, a private-sector survey showed on Tuesday, suggesting a weaker economic recovery in…
QUITO (Reuters) – Ecuador’s government predicts its budget deficit will narrow to$2.63 billion next year as it benefits from more economic growth and oil production, according to a draft spending…
HONG KONG (Reuters) – Hong Kong’s economy shrank faster in the third quarter, contracting 4.5% from the same period a year earlier, the third straight quarter of downturn, advance government…
By Riham Alkousaa BERLIN (Reuters) – Concerns about climate change shrank across the world last year, a survey shows, with fewer than half those questioned believing it posed a “very…
The Federal Deficit Shrinks Under Biden — With One Giant Catch John Hugh DeMastri on October 12, 2022 The deficit fell from $2.8 trillion in fiscal year 2021 to…
LONDON (Reuters) – Britain’s finance minister Kwasi Kwarteng said on Wednesday that the government’s growth plan will address the challenges faced by the country after the latest data showed the…
By Fergal Smith TORONTO (Reuters) – Canadian manufacturing activity contracted for a second straight month in September as higher borrowing costs and an uncertain economic outlook contributed to a drop…
SEOUL (Reuters) – South Korea’s factory production shrank for a second month in August, missing expectations, while retail sales jumped, government data showed on Friday. The country’s industrial output fell…
By Tatiana Bautzer SAO PAULO (Reuters) – Founders of Brazilian unicorns, startups valued above $1 billion, believe most startups will adjust their businesses to reduce cash burn amid a drop…
By Ahmad Ghaddar LONDON (Reuters) – Crude oil refining capacity has shrunk by a record 3.8 million barrels per day from March 2020 to mid-2022 as demand expanded, setting the…
(This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.) MOSCOW (Reuters) – Russia’s economy shrank 4.1% year-on-year in the second quarter of…