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…
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…
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…
US small business surges, sentiment improves, Treasury report says
U.S. small business startup applications are surging this year with sentiment improving in the sector after a rocky post-pandemic period…
With uncertainty around iron ore demand, Citi sees a risk for Australian economy
Citi’s commodity strategists highlighted the significant role of in the Australian economy, emphasizing its contribution to profits and government revenues.…
Taiwan buys estimated 101,700 T wheat of origin, traders say
The Taiwan Flour Millers’ Association purchased an estimated 101,700 metric tons of milling wheat to be sourced from the United…