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ROME (Reuters) -Italy’s economy contracted by 0.1% in the second quarter from the previous three months due mainly to negative trade flows, national statistics bureau ISTAT said on Friday, confirming a previous printout. On a year-on-year basis, second-quarter gross domestic product (GDP) in the euro zone’s third largest economy increased by 0.4%, ISTAT said, also …

Italy’s economy shrank in second quarter, stats agency confirms Read More »

By Jihoon Lee SEOUL (Reuters) -South Korea’s government plans to raise budget spending for next year by the steepest pace in four years as the country’s new president seeks to spur economic growth through a policy of boosting investment in artificial intelligence. In its annual spending plan released on Friday, the finance ministry set total …

South Korea to boost budget spending in bid to spur AI-led growth Read More »

TOKYO (Reuters) -Japan’s factory output fell 1.6% in July from the previous month, worse than a median market forecast for a 1.0% fall, government data showed on Friday. Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect seasonally adjusted output to grow 2.8% in August and dip 0.3% in September. Separate data showed …

Japan July factory output falls more than expected, retail sales disappoint Read More »

By Karol Badohal WARSAW (Reuters) -The Polish government raised its 2025 deficit forecast on Thursday and projected only a modest fall next year as high defence, welfare and debt servicing spending hamper efforts to rein in the budget shortfall. The draft budget for 2026 is under close scrutiny as Poland struggles to limit state expenditure …

Poland raises 2025 deficit forecast as defence costs weigh Read More »

FRANKFURT (Reuters) -European Central Bank policymakers were divided on whether inflation was more likely to come in higher or lower than expected when they met in July, ECB accounts showed on Thursday, in a foretaste of a debate set to come to a head in the coming months. The ECB left its key rate at …

ECB policymakers split on risks to inflation, July accounts show Read More »

By Dhara Ranasinghe and Joice Alves LONDON (Reuters) -Signals from the world’s biggest bond markets point to more volatility as Germany, Japan and the U.S. prepare to sell long-dated bonds in early September – adding pressure to an already bruising year. German and French 30-year government bond yields hit their highest levels since 2011 in …

For bruised bond markets, turbulence persists as debt sales ramp up again Read More »