MUMBAI The Reserve Bank of India is expected cut its key repo rate to a four-year low on Tuesday to help support the domestic economy at a time when consumer inflation is at a record low, but may express caution about easing further as price risks still loom. ... More »
LONDON Euro zone inflation and U.S. jobs data will offer clues to the health of major developed economies in the coming week while the malaise gripping emerging markets is expected to prompt India to cut interest rates. China may release monthly foreign exchan... More »
SHANGHAI Profit margins at Chinese firms improved in the third quarter while loan demand remained weak, a private survey showed , with the overall results suggesting the stock market crash would have minimal impact on the broader economy. The quarterly survey ... More »
PARIS Business confidence data from China and the euro zone will offer some pointers this week to where the global economy is going after the U.S. Federal Reserve kept markets guessing about when it will begin raising rates. With a Chinese slowdown blamed for ... More »
BEIJING China unveiled details on Sunday of how it would restructure its state-owned enterprises (SOEs), including partial privatization, as data pointed to a cooling in the world’s second-largest economy. The guidelines, jointly issued by the Communist Party’... More »
BEIJING China issued some details on Sunday on plans to reform state-owned enterprises (SOEs), including the introduction of “mixed ownership” by bringing in private investment, and said it expected decisive results by 2020. Reform of mammoth state-owned firms... More »
LONDON Concerns over the world’s major emerging economies, and in particular China, are growing as financial investors reassess the outlook for global growth, the Bank of International Settlements said on Sunday. After a month of turmoil for stocks and commodi... More »
FRANKFURT The U.S. Federal Reserve takes center stage in the coming week, eclipsing industry data from China, another grim inflation reading from the euro zone and rate decisions in Japan and Switzerland. Guessing whether the Fed hikes rates on Thursday or opt... More »
BERLIN German Chancellor Angela Merkel said on Wednesday that the euro zone economy was in better shape than a year ago and said reform efforts by countries like Spain and Ireland had paid off. “If we look at the euro zone as a whole, we can say that there is ... More »
BEIJING China has revised its annual economic growth rate in 2014 to 7.3 percent from the previously released figure of 7.4 percent, the National Bureau of Statistics said on Monday. Gross domestic product stood at 63.6 trillion yuan ($10.00 trillion) last yea... More »
XUZHOU, China Two years after China unveiled a sweeping plan to rebuild Silk Road trade links with Europe and Asia, machinery maker XCMG Group has opened a factory in Uzbekistan, sent 300 staff abroad and set ambitious goals to grow overseas. XCMG’s foreign ve... More »
CERNOBBIO, Italy U.S. computer company Hewlett-Packard (HPQ.N) is considering increasing investments and hiring new workers in Italy after years of downsizing, because, it says, it has faith, for the first time in a while, that the country is on the mend. “The... More »
LONDON/NEW YORK Global manufacturing and service sector activity expanded in August at the same pace as in July, with both the U.S. and euro zone doing better than Asia, according to purchasing manager surveys. “Scratching beneath the headline numbers, however... More »
LONDON China’s giant manufacturing industry contracted and euro zone and U.S. growth eased in August in data published on Tuesday, while the International Monetary Fund cut its forecast for world growth this year. Stocks on major markets tumbled along with com... More »
LONDON, Euro zone manufacturing growth eased last month, despite factories barely raising prices, adding to the European Central Bank’s woes as it battles to spur expansion and inflation, a survey showed. Tuesday’s disappointing readings come almost half a yea... More »
TOKYO Japan’s industrial output unexpectedly fell in July in a worrying sign that high inventories and weak overseas demand could further hamper an economy struggling to recover from a slump in the second quarter. The 0.6 percent decline in output in July was ... More »
BEIJING China’s slowing economy has taken its toll on the first-half earnings of major construction machinery makers Zoomlion Heavy Industry Science and Technology Co Ltd (000157.SZ) and Sany Heavy Industry Co Ltd (600031.SS). Encouraged to expand after Beijin... More »
BERLIN French Economy Ministry Emmanuel Macron said on Tuesday developments in China pose a risk that should not be underestimated. He was speaking at an event with German Foreign Minister Frank-Walter Steinmeier in the German capital. (Reporting by Andreas Ri... More »
BEIJING China said it would launch a three-month crackdown on underground banking to curb money-laundering and illegal funds transfers as unstable markets stoke fears of capital flight. Worries over China’s economic slowdown and possible interest rate rises by... More »
TOKYO Japanese Finance Minister Taro Aso warned market players against pushing up the yen too much further, saying that its spike against the dollar overnight was “rough” and undesirable for the economy. Aso said that while there was no immediate plan for G20 ... More »
BEIJING Growth in China’s factory output, investment and retail sales were all weaker than expected in July, adding pressure on Beijing to roll out more measures to prevent a deeper slowdown, days after it shocked markets by devaluing its currency. While the c... More »
BEIJING China’s real estate investment growth continued to slow in the first seven months of 2015 due to weak new construction, but property sales and housing investment improved, indicating a mixed recovery in the struggling property market. Property investme... More »
BEIJING Government spending in China jumped by nearly a quarter in July to a three-month high as authorities accelerated spending on state projects and hiked wages of civil servants as planned, data showed on Wednesday. Beijing hopes faster government spending... More »
LONDON/SYDNEY Economic headwinds facing Chinese manufacturers intensified last month, with conditions deteriorating to their weakest level in two years, while euro zone factories largely shrugged off Greece’s brush with bankruptcy. July was a fraught month for... More »
SYDNEY Headwinds for the world’s second-biggest economy intensified at the start of the third quarter, with manufacturing conditions in China deteriorating to their worst in two years in July and triggering fresh slides in global commodity prices. Similar busi... More »
LONDON/NEW YORK The global economy started the second half of the year on shaky ground with China’s factory sector activity contracting in July at the fastest pace in 15 months and euro zone manufacturing weaker than expected, although U.S. activity picked up.... More »
LONDON Britain’s government is asking some departments to prepare to cut day-to-day spending by as much as 40 percent by the 2019/20 tax year, in a major spending review launched by Conservative finance minister George Osborne on Tuesday. The finance ministry ... More »
BEIJING China’s export sales unexpectedly rose for the first time in four months in June and imports fell again but posted their best performance this year, causing some optimism tepid trade flows are picking up. Yet hopes were offset by a realization that Chi... More »
BEIJING China’s trade deficit in services widened to $18.3 billion in May, as Chinese tourists continued to spend more abroad than foreigners visiting the country, the foreign exchange regulator said on Tuesday. The deficit was led by a $16.2 billion gap in sp... More »
PayNet President William Phelan speaks at the 2011 Reuters Manufacturing and Transportation Summit in New York December 12, 2011. REUTERS/Brendan McDermid U.S. small businesses boosted borrowing in March, signaling a renewal of confidence in growth prospects a... More »
Even if U.S. lawmakers avoid the so-called fiscal cliff, higher taxes and brinksmanship in Washington are likely to continue damaging the fragile economy well into 2013. In the early hours of the new year, the Senate passed emergency legislation to prevent dee... More »
