US consumer sentiment weakens in October
WASHINGTON (Reuters) – U.S. consumer sentiment fell sharply in October as households anticipated higher inflation over the next year, a survey showed on Friday. The University of Michigan’s preliminary reading on the…
Gold jumps as dollar weakens on Fed rate-hike uncertainty
By Seher Dareen (Reuters) – Gold prices were on track to gain for the week, rising more than 1% on Friday as the dollar weakened amid reports of a potential debate amongst…
German services sector weakens in Sept slightly more than initial estimate -PMI
BERLIN (Reuters) – Germany’s services sector shrank in September slightly more than initially expected as inflation and growing uncertainty hit demand, a survey showed on Wednesday, adding to signs that Europe’s biggest…
S.Korea factory activity weakens for third month in Sept – PMI
SEOUL (Reuters) – South Korea’s factory activity shrank for a third straight month in September, and by the sharpest pace in more than two years, amid weakening global demand, a private-sector survey…
Ian weakens to tropical storm
(Reuters) – Ian has weakened into a tropical storm but is still expected to produce strong winds, heavy rains, and storm surge across portions of Florida, Georgia, and the Carolinas, the U.S.…
South African rand weakens as dollar hits a new 20-yr high
JOHANNESBURG (Reuters) – South Africa’s rand weakened on Thursday as the dollar hit a fresh two-decade high after U.S. data showed a strong economy, raising more expectations of higher interest rates from…
Global physical oil market weakens as recession jitters mount
By Arathy Somasekhar, Noah Browning and Alex Lawler HOUSTON/LONDON – Physical oil prices around the world have begun to sag alongside futures, reflecting less alarm over Russian-led supply disruptions along with heightened…
South Korea July factory activity weakens for first time in 2 years – PMI
SEOUL – South Korea’s factory activity shrank in July for the first time in nearly two years, as output and new orders weakened amid continued inflation and supply chain woes, a private-sector…
Indian rupee weakens for 11th week in a row as risk aversion continues
By Swati Bhat MUMBAI -The Indian rupee hit a record low on Friday and weakened for a 11th straight week as foreign investors continued to dump riskier assets amid rising concerns around…
U.S. economic outlook weakens, inflation set to persist – Philly Fed survey
(Reuters) – The U.S. economic outlook has weakened and inflation is set to remain higher than previously expected for a while yet, a Federal Reserve Bank of Philadelphia survey of professional economic…
Italy approves 14 billion euros of stimulus measures as growth outlook weakens
ROME – Italy on Monday approved a new stimulus package worth 14 billion euros ($14.71 billion) to shield firms and families from the economic impact of the war in Ukraine, Prime Minister…
Japan PM advisers urge improvement in current account as yen weakens
TOKYO – The advisers to Japanese Prime Minister Fumio Kishida’s top panel urged the government on Wednesday to prevent the current account surplus from shrinking further so as to avoid affecting the…
Italy industry output dives, growth outlook weakens
By Gavin Jones ROME – Italian industrial output posted its steepest fall for more than a year in January, data showed on Wednesday, as the growth outlook for the euro zone’s third…
Rouble weakens as Ukraine, Russia-backed rebels trade shelling accusations
By Alexander Marrow and Katya Golubkova MOSCOW – The Russian rouble and stocks slipped in volatile trade on Thursday after Russian-backed rebels and Ukrainian forces traded accusations of firing shells across the…
French business growth weakens by more than forecast in January – flash PMI
PARIS – French business growth dipped by more than forecast in January compared to December, according to initial estimates in a monthly survey, as the impact of COVID-19 and inflationary pressures weighed…
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