ROME, Oct 11 (Reuters) – Italian seasonally and workday-adjusted industrial output was much stronger than expected in August, jumping 2.3% from the month before, but the three month rolling average remained negative, data showed on Tuesday. A Reuters survey of 20 analysts had pointed to a 0.2% uptick in August. National statistics bureau ISTAT marginally …
Italy industry output posts surprise jump in August Read More »
MEXICO CITY (Reuters) -Mexican President Andres Manuel Lopez Obrador on Monday designated Antonio Martinez to be the new head of Mexico’s new tax authority (SAT) in replacement of Raquel Buenrostro, who was named as economy minister last week. Martinez had previously headed the tax body’s division handling so-called large contributors, or companies, the presidency said …
(Reuters) – JPMorgan Chase & Co Chief Executive Jamie Dimon said the United States and the global economy could tip into a recession by the middle of the next year, CNBC reported on Monday. Runaway inflation, big interest rates hikes, the Russian invasion of Ukraine and the unknown effects of the Federal Reserve’s quantitative tightening …
JPMorgan CEO Dimon warns of recession in 6 to 9 months – CNBC Read More »
BERLIN (Reuters) – Investor morale in the euro zone slid for the third consecutive month in October to its lowest level since May 2020 signalling a deep recession for the 19-country currency bloc, a survey showed Monday. Sentix’s index for the euro zone tumbled to -38.3 points in October from -31.8 in September, below expectations …
Euro zone investor morale drops for third month – Sentix Read More »
By Sergio Goncalves LISBON (Reuters) – Portugal’s government, major business associations and the country’s second-largest labour union UGT have struck a deal to raise the wages of private sector workers by 5.1% in 2023. The four-year pact, announced late on Sunday after months of negotiations, also includes a compounded rise to 20% by 2026, in …
Portugal reaches 5.1% private sector wage hike deal for 2023 Read More »
BANGKOK (Reuters) – Thailand’s economic recovery will not be affected by a global slowdown due to a rebound in tourism, Finance Minister Arkhom Termpittayapaisith told reporters on Monday. “Our economy depends on tourism, which is gradually recovering,” he said, adding that not every country is going through a slowdown and so the impact on Thailand’s …
Thailand economic recovery supported by return of tourism -Finance Minister Read More »
(Reuters) – European shares fell for the fourth-straight session on Monday as investors worried about the impact of increasing Ukraine-Russia tensions and of central banks’ resolve to tame inflation on economic growth and corporate profits. The region-wide STOXX 600 index was down 0.6% by 0708 GMT, hitting its lowest level since Oct. 3. The index …
Europe’s STOXX 600 hits one-week low on growth concerns Read More »
PRAGUE (Reuters) – The Czech government running higher state budget deficits would hamper the central bank’s efforts to tame inflation, Governor Ales Michl wrote on Monday. The Czech government plans to run the state budget with a deficit of at least 330 billion crowns this year, well above an original plan of 270 billion crowns …
Czech cenbank chief: higher budget gaps would hamper inflation fight Read More »
ISTANBUL (Reuters) – Turkey’s unemployment rate dropped 0.4 percentage points month-on-month to 9.6% in August, while a seasonally adjusted measure of labour under-utilisation fell to 19.8%, data showed on Monday. The labour under-utilisation measure, which stood at 22.4% in July, has been on a falling trend since peaking at 29.6% in January 2021 due to …
Turkish unemployment rate falls to 9.6% in August Read More »
PARIS (Reuters) – French energy group TotalEnergies on Sunday proposed annual wage negotiations to start this month, subject to the end of industrial action that continues to restrict output at some of its sites. “TotalEnergies calls on everyone to act responsibly so that the company can supply the French people in the best possible conditions”, …
TotalEnergies says it is ready to hold wage talks in October Read More »
