UK consumer spending and confidence is muted, says Currys boss
British consumer confidence and spending is muted heading into Christmas and the government’s budget last month did little to help,…
India consolidating role as global services exporter; EU, China lag: KKR
India is strengthening its position as a global exporter of services, supported by rising incomes among its top consumer groups,…
Trump says next Fed chair will believe in lower interest rates ‘by a lot’
U.S. President Donald Trump said on Wednesday the next chairman of the U.S. Federal Reserve will be someone who believes…
BoE needs to rein in rising real rates: Mike Dolan
If British growth is sub-par, its labor market weakening and fiscal policy tightening, then the Bank of England looks behind…
Optimism persists in Queensland amid copper smelter, coal royalty issues
Industry in Queensland, which accounts for about half of Australia’s refined copper output and the bulk of the country’s standing…
Palm closes higher on bargain buying, soyoil spread
Malaysian palm oil futures climbed for a second consecutive session on Thursday, supported by bargain buying and improved price competitiveness…
Copper drifts down as traders trim positions, await US data
Copper drifted lower on Thursday as traders reduced exposure ahead of the upcoming Christmas holiday and waited for a U.S.…
China aluminium imports decline 14% y/y, custom data shows
China’s import of unwrought aluminium and aluminium products fell 14% in November from a year ago, customs data showed on…
EU to phase out imports of Russian gas
The new law adopted on Wednesday will protect the EU’s energy security from weaponisation by the Russian Federation. Spot-market Russian…
China’s November refined oil exports dropped 2.2% yoy; LNG imports surged 13.6%
China’s exports of refined oil products dropped 2.2% year-on-year in November but rose 13.3% from the previous month, customs data…