Robust consumer, business spending underpin US economy in third quarter
The U.S. economy grew solidly in the third quarter, with consumer spending increasing at its fastest pace in 1-1/2 years…
German economy unexpectedly grows, dodging recession; inflation up
Germany’s gross domestic product unexpectedly increased in the third quarter, skirting a recession, but inflation rose more than expected in…
US job openings hit more than 3-1/2-year low; consumer confidence rebounds
U.S. job openings dropped to more than a 3-1/2-year low in September, but nearly all the decline in vacancies was…
China’s looming fiscal package set to stabilise rather than boost growth
China’s planned fiscal package targets damaged property and local government balance sheets that weigh on the economy and fuel deflationary…
China’s big banks post rise in Q3 profits, squeeze on NIM
China’s largest lenders posted a rise in third-quarter profits on Wednesday, although margins were slimmer for some. The frontrunner was…
India’s April-September fiscal deficit at 29% of full-year target
India’s fiscal deficit for April-September was 4.75 trillion rupees ($56.50 billion), or over 29% of the estimate for the financial…
Yellen says tailoring bank rules helpful, but strong capital requirements needed
U.S. Treasury Secretary Janet Yellen said on Tuesday that it was important to continue tailoring the complexity and severity of…
UK economy forecast to grow 2.0% in 2025, finance minister says
Britain’s economy is forecast to grow by 2.0% next year, finance minister Rachel Reeves said on Wednesday, citing the latest…
Hong Kong sees fresh record home buying by mainland Chinese, realtor says
Hong Kong saw fresh records of home-buying from mainland Chinese in the first three-quarters following efforts by the financial city…
Workers launch strikes as Germany frets over industrial future
Thousands of German workers launched nationwide strikes to press for higher wages on Tuesday, compounding problems for companies worried about…