Reuters UK Business

PRAGUE (Reuters) -Czech economic output jumped by a faster-than-predicted 0.8% in the first quarter, the highest since late 2021, driven by a strong rebound in household spending and inventories, the Czech Statistical Bureau (CSU) said on Friday. The result marked an increase from a flash estimate of 0.5% expansion, and put year-on-year growth at 2.2%. …

Czech economy accelerates in first quarter on higher household spending Read More »

(Reuters) – Slovak Prime Minister Robert Fico lambasted a judge who fined central bank Governor Petr Kazimir for corruption on Thursday, saying the judge might be politically motivated and should be probed for criminal behaviour. Specialised Criminal Court judge Milan Cisarik imposed a 200,000 euro ($227,680) fine on Kazimir for bribing a tax authority chief …

Slovakia’s Fico excoriates judge over central banker bribery conviction Read More »

(Reuters) -London Stock Exchange Group said on Friday Elizabeth Corley, chair of British fund manager Schroders, will join its board of as a non-executive director. Corely is set to join the LSEG board in the fourth quarter of the year. Reuters provides news for LSEG’s news and data terminal Workspace. (Reporting by Rishab Shaju in …

LSEG appoints Schroders Chair Elizabeth Corley to board Read More »

MADRID (Reuters) -Spain’s European Union-harmonised 12-month inflation rate fell in May to its lowest level since October, preliminary data from the National Statistics Institute (INE) showed on Friday, as falling prices for leisure and culture helped alleviate other hikes. Inflation eased to 1.9% in May from 2.2% in the period through April, INE said. The …

Spain’s 12-month EU-harmonised inflation in May falls to lowest since October Read More »

(Corrects paragraph 2 to indicate that retail sales were expected to rise, not fall) (Reuters) – German retail sales fell by 1.1% in April compared with the previous month, data showed on Friday. Analysts polled by Reuters had predicted a 0.2% increase. The federal statistics office publishes more details on its website. (Reporting by Maria …

German retail sales fall unexpectedly in April Read More »

SYDNEY (Reuters) -New Zealand’s interest rates are in the 2.5%-3.5% neutral band, with past policy easing yet to flow through to the economy to make future moves more dependent on how the economy evolves, a senior central banker said on Friday. In an interview with Reuters, Reserve Bank of New Zealand Assistant Governor Karen Silk …

New Zealand’s interest rates in neutral zone, data to decide next move, central bank official says Read More »