China’s factory activity shrinks again, weak demand hobbles economy
BEIJING (Reuters) -China’s manufacturing activity contracted for the fourth straight month in January, an official factory survey showed on Wednesday, suggesting the sprawling sector and the broader economy were struggling to regain…
Fed’s lending to banks shrinks in latest week
(Reuters) – Federal Reserve lending to banks shrunk modestly in the latest week, central bank data released Thursday showed. The Fed lent banks $3.2 billion via its discount window as of Wednesday,…
Tesla to hit record quarterly sales in China even as market share shrinks – analysts
SHANGHAI (Reuters) – Tesla is set to hit another record quarter with its China sales while it faces mounting pressure from local competitors such as BYD eating into its share in the…
German manufacturing shrinks at fastest in 3 years in May -PMI
BERLIN (Reuters) – Germany’s manufacturing sector contracted at the fastest rate in three years in May and output fell for the first time in four months, a survey showed on Thursday. The…
Irish manufacturing activity shrinks at fastest in 3 years in May
DUBLIN (Reuters) – Irish manufacturing activity shrank at its fastest pace in three years in May on sharp falls in output and new orders that reflected contractions in its global peers’ markets,…
Canada’s 2022-23 fiscal year budget deficit shrinks to C$41.31 billion
OTTAWA, May 26 (Reuters) – Canada’s budget deficit in fiscal 2022/23 shrank to C$41.31 billion ($30.89 billion) from C$95.57 billion in the previous year as a post-pandemic economic rebound spurred tax revenue…
South Korea household credit shrinks at record pace in first quarter
SEOUL (Reuters) – South Korea’s household credit shrank at a record pace in the first quarter as high interest rates suppressed demand, central bank data showed on Tuesday. The country’s total household…
UK factory activity shrinks in April but cost pressures ease -PMI
By Suban Abdulla LONDON (Reuters) – British factory output and new orders contracted at the start of the second quarter of 2023, but manufacturers were more optimistic and input costs rose at…
South Korea factory activity shrinks in April, marks longest downturn in 6 years – PMI
SEOUL (Reuters) – South Korea’s factory activity shrank for a 10th consecutive month in April and for its longest streak in six years, a survey showed on Tuesday, underlining the weak global…
Japan’s factory activity shrinks at slowest pace in six months – PMI
TOKYO (Reuters) – Japan’s manufacturing activity shrank at the slowest pace in six months in April on a softer decline in sales, while the service-sector stayed solid, a preliminary survey showed on…
Pilgrims flock to ancient Holy Land church as Palestinian congregation shrinks
By Mohamad Torokman BURQIN, West Bank (Reuters) – One of the world’s oldest churches, built on top of a cave in the Israeli-occupied West Bank and festooned with golden icons, attracts thousands…
Births in Italy hit record low in 2022, population shrinks further
(Reuters) – Births in Italy dropped to a new historic low below 400,000 in 2022, national statistics bureau ISTAT said on Friday, as the population continued to shrink. Italy’s dearth of babies…
Japan factory activity shrinks at slowest pace in five months -PMI
TOKYO (Reuters) – Japan’s factory activity shrank at the softest pace in five months in March due to an expansion of inventories, but still-weak global and domestic demand conditions meant the post-COVID…
China Jan-Feb fiscal revenue shrinks despite pick-up in economy
BEIJING (Reuters) – China’s fiscal revenues fell 1.2% in the first two months of 2023 from a year earlier, the finance ministry said on Friday, despite signs that economic activity was starting…
Brazil’s Natura swings to loss as revenue shrinks across cosmetics lines
SAO PAULO (Reuters) – Brazilian cosmetic maker Natura & Co on Monday reported a fourth-quarter net loss of 890.4 million reais ($169.7 million), as it reported lower revenues across all its business…
Macau’s Q4 GDP shrinks 23.4% y/y
HONG KONG (Reuters) – Macau’s economy contracted by 23.4% in the fourth quarter compared with the same period a year earlier, government statistics data showed on Friday. Tourist arrivals plunged 31.5% year-on-year…
South Korea February factory activity shrinks for eighth month
SEOUL (Reuters) – South Korea’s factory activity contracted for an eighth month in February, a survey showed on Thursday, highlighting weak domestic and global economic conditions even though the downturn in output…
France’s manufacturing sector shrinks in Feb as export demand weakens -PMI
PARIS (Reuters) – Activity in France’s manufacturing sector declined in February, after stabilising the previous month, due in part to worsening export demand, a survey by S&P Global showed on Wednesday. “Moderate…
Japan factory activity shrinks the most in 2-1/2 years
TOKYO (Reuters) – Japan’s factory activity shrank in February at the fastest pace in over two years, a private survey showed, highlighting companies’ struggles amid a global economic slowdown, raw material inflation…
Japan’s factory activity shrinks at fastest pace in 2-1/2 years-PMI
TOKYO (Reuters) – Japan’s manufacturing activity contracted at the fastest pace in 30 months in February, a business survey showed on Tuesday, in a worrying sign for the world’s third-largest economy, which…
Insurer AIG profit shrinks as storm-related costs, weak investment returns hit
(Reuters) – U.S. insurer American International Group reported a near 24% fall in fourth-quarter profit on Wednesday, hurt by losses tied to a winter storm that hit parts of North America late…
South African business activity shrinks solidly in January
JOHANNESBURG (Reuters) – Activity in South Africa’s private sector in January contracted a its fastest pace since the end of 2021 as new orders fell due to rolling power cuts and weak…
Taiwan Q4 GDP unexpectedly shrinks, worst performance in 13 years
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 demand and…
China’s property sector shrinks 5.1% in 2022 – NBS
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 policymakers to…
Russian services activity shrinks for third month running in Dec -PMI
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 inflationary pressure…
U.S. current account deficit shrinks in third quarter
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 the current…
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