ISTANBUL (Reuters) -Turkey’s monthly inflation rate is expected to be 1.79% in August, while the annual rate is seen dipping to 32.6%, a Reuters poll showed on Friday. The median estimate of ten economists showed monthly inflation slowing to 1.79% from 2.06% in July. Forecasts ranged from 1.54% to 2.2%. Year-on-year inflation forecasts ranged between …
Turkey annual inflation seen at 32.6% in Aug, monthly rate 1.8% Read More »
ABU DHABI (Reuters) -Saudi Arabia’s non-oil private sector growth was stable in August, with business activity expanding at a slightly quicker pace than in July, as new orders increased, a survey showed on Wednesday. The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI) rose to 56.4 in August from 56.3 in July, and …
Saudi Arabia’s non-oil private sector growth accelerates slightly in August-PMI Read More »
ABU DHABI (Reuters) -Growth in the United Arab Emirates’ non-oil private sector rebounded slightly in August on a faster expansion in output, but sales increased at their weakest pace in more than four years, a survey showed on Wednesday. The seasonally adjusted S&P Global UAE Purchasing Managers’ Index (PMI) rose slightly to 53.3 in August …
Slowing sales weigh on UAE non-oil private sector growth in August, PMI shows Read More »
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s services activity expanded at the quickest pace in 15 months in August, buoyed by firmer demand at home and a rebound in foreign orders, a private-sector survey showed on Wednesday. The RatingDog China General Services PMI, compiled by S&P Global, rose to 53.0 in August from …
China’s services activity growth hits 15-month high in August, private PMI shows Read More »
By Sukriti Gupta (Reuters) -UK shares closed lower on Tuesday, pushed down by rate-sensitive banks, industrials and utility stocks on mounting investor concerns about public finances. The blue-chip FTSE 100 closed 0.9% lower, while the domestic-focused midcap index fell 2.2%. Both logged their worst day in nearly five months. Britain’s 30-year borrowing costs rose to …
Banks and industrials drag London stocks to lower close on fiscal worries Read More »
MOSCOW (Reuters) -Russia has made substantial progress in fighting inflation, Alexei Zabotkin, deputy governor of the central bank, said on Tuesday, ahead of a rate-setting meeting scheduled for September 12. Last year, the central bank hiked its key rate to 21%, the highest level since the early 2000s, in order to bring down inflation in …
Russia has made substantial progress in fighting inflation, central bank official says Read More »
By Promit Mukherjee OTTAWA (Reuters) -Canada’s manufacturing sector contracted in August, clocking seven monthly reductions in a row, as manufacturers grappled with low export demand due to U.S. tariffs, along with logistical and pricing pressures, data showed on Tuesday. But despite a general contraction, by most metrics the manufacturing sector performed better than in previous …
Canada manufacturing PMI shows continued contraction in August amid some improvement Read More »
BERLIN (Reuters) -Germany’s hospitality industry saw revenues fall by 9.3% in July, according to an industry survey published on Tuesday, offering little respite for companies worried about rising costs for labour as well as food and drink. Hopes for a summer boost were not met, the DEHOGA industry association said on Tuesday, citing the results …
German hospitality sector revenues fall in disappointing summer, survey finds Read More »
By Leika Kihara KUSHIRO, Japan (Reuters) -Bank of Japan Deputy Governor Ryozo Himino said on Tuesday the central bank should keep raising interest rates but warned that global economic uncertainty remains high, suggesting it was in no rush to push up still-low borrowing costs. While Japan’s trade deal with the U.S. helps alleviate uncertainty over …
BOJ must keep raising rates but focus on global uncertainty, deputy gov says Read More »
SYDNEY (Reuters) -Australia’s international trade added only slightly to economic growth in the second quarter and government spending made no contribution at all, leading some analysts to lower their growth forecasts. Data from the Australian Bureau of Statistics on Tuesday showed the current account ran a deficit of A$13.7 billion ($8.90 billion) in the June …
Trade adds slightly to Australia’s Q2 growth, but government spending underwhelms Read More »
