Financial News

BERLIN (Reuters) – Germany, Europe’s largest economy, is still on course for a recession even with a new government plan to spend 65 billion euros ($64.49 billion) on shielding energy …

By Chen Lin and Scott Murdoch SINGAPORE/HONG KONG (Reuters) -Georgia’s former prime minister Bidzina Ivanishvili alleged on Monday a trust unit of Credit Suisse had failed to take steps to …

By Tommy Wilkes LONDON (Reuters) -The euro sank below $0.99 to a new 20-year low on Monday after Russia’s halt to gas supplies down its main pipeline to Europe heightened …

By Kevin Yao and Ellen Zhang BEIJING (Reuters) -Chinese policymakers signalled a renewed sense of urgency on Monday for steps to shore up the flagging economy, saying this quarter was …

BRUSSELS (Reuters) – Euro zone retail sales rose in July, but by less than expected because of a continued slump in demand for non-food products, data form the EU’s statistics …

By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s government ministries have made budget requests totalling $784 billion for the next fiscal year – their second-largest total to date, driven largely by the …

JOHANNESBURG (Reuters) – South African mobile operator MTN Group has reduced its debt further through early settlement of $300 million in euro bonds with a 2024 maturity date, it said …

NAIROBI (Reuters) – Kenyan private sector activity contracted for the fifth consecutive month in August amid a broader slowdown as the country held elections, a survey showed on Monday. The …

BERLIN (Reuters) – Investor morale in the euro zone slumped in September to its lowest since May 2020 as the spectre of a rough recession for the 19-country currency bloc …

LONDON (Reuters) – Britain’s economy ended August on a much weaker footing than previously thought as overall business activity contracted for the first time since February 2021 in a clear …

LONDON (Reuters) – Sterling plumbed a fresh post-pandemic low on Monday as Russia kept one of its main gas supply routes to Europe shut, adding to recession fears on the …

PARIS (Reuters) – The appointment of Societe Generale’s boss Frederic Oudea as non-executive chairman of Sanofi will be proposed at the next shareholders meeting of the French drugs group, Sanofi …

LONDON (Reuters) – Euro zone business activity contracted for a second month in August as demand sank, with customers wary of the deepening cost of living crisis and gloomy economic …

BEIJING (Reuters) – China has relatively ample room for monetary policy, the deputy governor of the country’s central bank said on Monday in remarks about follow-up policy measures to prop …

BERLIN (Reuters) – Germany’s services sector contracted for a second month running in August as domestic demand came under pressure from soaring inflation and faltering confidence, a survey showed on …

PARIS (Reuters) – France’s dominant services sector lost more steam in August, and the outlook among purchasing managers appears bleak, a survey showed on Monday. S&P Global said its final …

ROME (Reuters) – Italy’s service sector grew slightly in August after contracting the month before as inflationary pressures eased somewhat, a survey showed on Monday. S&P Global’s Purchasing Managers’ Index …

By Susanna Twidale and Nora Buli LONDON/OSLO (Reuters) -European gas prices rocketed as much as 30% higher on Monday after Russia said one of its main gas supply pipelines to …

(Corrects to clarify BOT’s policy posture in paragraph 5.) BANGKOK (Reuters) -Thailand’s inflation is set to peak in the third quarter and is likely to be more than 6% this …

MADRID (Reuters) – Activity in Spain’s services sector expanded in August at the slowest rate since January, with companies concerned that inflation will weigh on their profits and on customers’ …

By Dhara Ranasinghe, Stefano Rebaudo and Vincent Flasseur LONDON (Reuters) -European Central Bank policymakers meeting on Thursday have a choice between a big 50 basis point interest rate hike, or …

(Reuters) – Pandemic-related disruption to global supply chains and the knock-on effects of Russia’s war in Ukraine have combined to drive up prices of energy, commodities and basic necessities. Below …

JAKARTA (Reuters) – Indonesia’s inflation rate for 2022 is seen at a range of 6.6% to 6.8% following a 30% increase in subsidised fuel prices over the weekend, a finance …

PRAGUE (Reuters) – Czech interest rates are already at a high level that is dampening domestic demand pressures, central bank Governor Ales Michl said on Monday. Michl said in a …