BofA cuts China growth outlook, says Beijing won’t boost easing to revive economy
China’s economic growth is unlikely to show any sign of revival anytime soon, BofA suggests as it downgraded its growth…
German economy expected to contract this year, IfW Kiel says
The German economy is expected to contract by 0.1% this year, the economic institute IfW Kiel said on Wednesday, cutting…
India’s services sector growth accelerates to 5-month high in Aug, PMI shows
Activity in India’s dominant services sector rose at its fastest pace in five months in August as demand remained resilient…
China’s services activity expansion slows in August, Caixin PMI shows
Growth in China’s services sector activity slowed in August despite the summer travel peak, prompting some firms to cut staff…
Japan’s service activity extends gains in Aug, PMI shows
Japan’s service-sector activity extended gains in August, a private sector survey showed on Wednesday, thanks to an uptick in overseas…
Eurogroup president hails ‘new footing’ in UK-EU relations
Britain and the European Union must turn their “first steps” to rebuild trust into a “steady walk” as they confront…
German trade group sounds alarm as exporters stare down recession
German exporters are facinga recession and the country’s economic model is coming under “massive pressure”, the BGA trade lobby said…
US trade deficit widens to two-year high on imports
The U.S. trade deficit widened to the highest level in more than two years in July as businesses likely front-loaded…
Already expensive global house prices to get modest boost from rate cuts
House prices in most key markets will rise modestly this year and next on expectations mortgage rates will fall further…
Surge in foreign bids for Japanese firms only just beginning, says BofA’s Komori
A surge in foreign takeover bids for Japanese firms is likely to accelerate, according to Bank of America’s BAC.N co-head…