UK economy ‘running on empty’ as recession signals mount – PMI

UK economy ‘running on empty’ as recession signals mount – PMI

A general view is seen of the London skyline from Canary Wharf in London, Britain, October 19, 2016. REUTERS / Hannah McKay Register now for FREE unlimited access to Reuters.com Register LONDON, June 23 (Reuters) – Britain’s economy is showing signs of stalling as high inflation hits new orders and businesses report levels of concern … Read more

Analysis: Record numbers of Chinese graduates enter worst job market in decades

Analysis: Record numbers of Chinese graduates enter worst job market in decades

10.8 mln Chinese graduates to enter job market in weak economy Youth unemployment at 18.4%, 3 times higher than overall rate Graduates’ jobs a top government priority amid stability risks BEIJING, June 23 (Reuters)-Jenny Bai was among 10 high-performing computer science students from different Chinese universities selected by a Beijing-based internet firm for a job … Read more

Analysis: Why us? Italy seeks way out of low-wage economy trap

Italy is the only European country where wages have fallen since 1990 Tried to compete with Asia by cutting costs Most new jobs on temporary, low paid contracts Country has no minimum wage ROME, June 16 (Reuters) – Diana Parini left her waitressing job at an Italian Alpine resort last month because she was fed … Read more

Analysis: Investors brace for recession, more market turmoil after Fed’s supersized hike

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, DC, US, June 14, 2022. REUTERS / Sarah Silbiger Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 16 (Reuters) – Investors’ faith in a soft landing for the US economy is being heavily tested, as a … Read more

China’s banks scramble to raise capital and answer calls to support economy

People walk past the China Construction Bank booth at the 2021 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 3, 2021. REUTERS / Florence Lo Register now for FREE unlimited access to Reuters.com Register SHANGHAI, June 15 (Reuters) – China Construction Bank Corp (CCB) (601939.SS) started selling 60 billion yuan ($ … Read more

French Finance Minister: rising US bond yields show that “era of cost-free money is over”

French Minister for Economy, Finance, Industry and Digital Security Bruno Le Maire looks on during a French president’s visit to the Eurosatory land and airland defense and security trade fair, at the Paris-Nord Villepinte Exhibition Center in Villepinte, north of Paris, June 13 , 2022. Ludovic Marin/ Pool via REUTERS Register now for FREE unlimited … Read more

Thai c.bank holds rate, but signals tightening as economy recovers

Committee voted 4-3 to hold rate at 0.50%; three wanted a hike Raises 2022 GDP growth outlook to 3.3% from 3.2% seen earlier 2022 headline inflation forecast raised to 6.2% from 4.9% Says very accommodative policy will be less needed Rate increases expected this year – economists BANGKOK, June 8 (Reuters) – Thailand’s central bank … Read more

Texas power use to hit record high on economic growth, hot weather

Overhead power lines are seen during record-breaking temperatures in Houston, Texas, US, February 17, 2021. REUTERS / Adrees Latif Register now for FREE unlimited access to Reuters.com Register June 6 (Reuters) – Power demand in Texas is set to break the all-time record this week, far ahead of the hottest days of summer, testing of … Read more

Some real estate markets seen falling as global frenzy fades – Reuters poll

BENGALURU / LONDON, June 1 (Reuters) – The global property market frenzy that gathered pace during the pandemic as people scrambled to buy more living space is likely over as interest rates rise, and house price inflation is expected to drop off, Reuters surveys of market experts showed. Huge price rises of as much as … Read more

BOJ Kuroda highlights inflation as risk to Japan’s economy

Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan July 30, 2019. REUTERS / Kim Kyung-Hoon / File Photo Register now for FREE unlimited access to Reuters.com Register Kuroda says undesirable for prices to rise too much BOJ must create environment where wages rise more – … Read more