By Vivek Mishra BENGALURU (Reuters) – India’s average home prices and rental costs are set to outpace consumer inflation this year according to a Reuters poll of housing experts who were split on whether affordability for first-time homebuyers would worsen or improve. While faltering economic growth, stagnant wages and a dearth of well-paying jobs have …
SINGAPORE (Reuters) -China kept its economic growth target for this year unchanged at roughly 5% while committing more fiscal resources than last year to fend off deflationary pressures and mitigate the impact of rising U.S. trade tariffs. A government document prepared for the annual meeting of the National People’s Congress (NPC), China’s rubber-stamp parliament, also …
DUBLIN (Reuters) – Growth in Ireland’s services sector eased slightly in February, with both total activity and new business expanding at the weakest rate for more than a year, a survey showed on Wednesday. The AIB Global S&P Purchasing Managers’ Index (PMI) fell to 53.2 from 53.4 in January. The index has been above the …
Irish services growth eases slightly in February, PMI shows Read More »
TOKYO (Reuters) – Japan’s service activity marked the fastest growth in six months in February, backed by strong sales and new export businesses, a private-sector survey showed on Wednesday. The service sector has been the driving force behind the country’s recent economic growth, helping offset the drag in manufacturing caused by weak global demand. The …
Japan’s service activity marks fastest growth in six months, PMI shows Read More »
(Reuters) – London-based hedge fund Palliser Capital on Tuesday welcomed Rio Tinto’s, decision to allow the company’s Australian shareholders to vote on a resolution that seeks an independent review of its dual-listing status. The global miner on Tuesday amended the notice of its annual general meeting to include a resolution related to its dual listing …
By Kopano Gumbi PRETORIA (Reuters) -South Africa’s economy returned to modest growth in the fourth quarter of last year, helped by a recovery in agricultural output after the sector triggered a contraction in the previous quarter. But the 0.6% gross domestic product (GDP) expansion in seasonally-adjusted, quarter-on-quarter terms was smaller than the 0.9% predicted by …
South Africa sees modest Q4 growth on recovery in agriculture Read More »
SHANGHAI (Reuters) – China is canvassing public opinion on rules for import of remnants from the recycling of spent lithium-ion batteries, as well as recycled steel materials, the environment ministry said on Tuesday. It set a March 20 deadline to receive comments on a plan to allow more recycled material, in line with China’s ambition …
China seeks opinion on rules for imports of battery waste, recycled steel Read More »
ROME (Reuters) – Italy’s unemployment rate fell slightly to 6.3% in January from an upwardly revised 6.4% the month before, national statistics bureau ISTAT reported on Tuesday, with a net 145,000 jobs created during the month. A Reuters survey of 6 analysts had forecast a January jobless rate of 6.3%. In January, the number of …
Italy Jan jobless rate edges down to 6.3% as 145,000 jobs created Read More »
DUBAI (Reuters) – Saudi Arabia’s non-oil private sector continued its robust expansion in February, driven by strong customer sales and increased activity levels, a survey showed on Tuesday, although the pace of growth slowed from the previous month. The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI) fell to 58.4 in February from …
Saudi Arabia’s non-oil private sector growth remains robust in February, PMI shows Read More »
SYDNEY (Reuters) – The CEO of Australia’s biggest bank said on Tuesday the country’s easing cycle would be “slower and shallower” than what people had been expecting, predicting that further rate cuts would not arrive until later in the year. The Reserve Bank of Australia cut the cash rate for the first time since November 2020 …
Australia’s biggest bank CBA says more rate cuts are not on the horizon Read More »
