Hong Kong August retail sales slip, tight financial conditions dim outlook

August tourist arrivals soar 451.4% after July’s 454.4% growth Aug jewelry, watch sales up 4.3% y/y vs July’s 30.1% jump Govt says tight financial conditions will pose constraints HONG KONG, Sept 30 (Reuters) – Hong Kong’s retail sales in August edged down on an annual basis while the growth rate also slowed from the month … Read more

UK Labor Party pledges to set up public energy company if elected

LIVERPOOL, England, Sept 27 (Reuters) – Britain’s opposition Labor Party would set up a publicly-owned energy company within a year of coming to power if it wins the next election, leader Keir Starmer said on Tuesday, saying it would lower bills and help deliver energy independence. Starmer said that a publicly-owned company would help ensure … Read more

Peru launches economic package amid worries of slowing growth

Register now for FREE unlimited access to Reuters.com Register LIMA, Sept 8 (Reuters) – Peru’s finance ministry on Thursday unveiled an economic package it says can help lift the economy at times of a global slowdown and falling copper prices, which are key to the country’s economy. Finance Minister Kurt Burneo said the measures could … Read more

Denmark to offer $13 billion in guarantees to energy companies

Register now for FREE unlimited access to Reuters.com Register COPENHAGEN, Sept 8 (Reuters) – Denmark plans to provide 100 billion Danish crowns ($13.4 billion) in guarantees to energy firms challenged by soaring energy prices, the government said on Thursday. The guarantees are aimed at securing the necessary liquidity for companies facing major collateral requirements triggered … Read more

New finance minister Kwarteng gives UK PM Truss key ally in economic storm.

Kwasi Kwarteng arrives at Number 10 Downing Street, in London, Britain September 6, 2022. REUTERS/Phil Noble Register now for FREE unlimited access to Reuters.com Register Truss picks ally as Chancellor of Exchequer. Kwarteng has experience dealing with energy crisis Inspired by Thatcher but has shown pragmatic streak Britain’s first Black Chancellor went to Eton and … Read more

Swiss economy grows 0.3% in Q2 as services shine

An employee places bottles on a refrigerated shelf at the La Taqueria, a Mexican restaurant, as the coronavirus disease (COVID-19) outbreak continues, in Zurich, Switzerland July 1, 2020. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register ZURICH, Sept 5 (Reuters) – The Swiss economy grew a real 0.3% in the second quarter … Read more

Norway to spend less from oil fund, finance minister says

A view over the harbor in Stavanger, Norway October 11, 2015. REUTERS/Stine Jacobsen Register now for FREE unlimited access to Reuters.com Register OSLO, Aug 30 (Reuters) – Norway’s finance minister said on Tuesday that the government will rein in fiscal spending next year to help bring down inflation and keep interest rates in check as … Read more

China pledges to lift economy with stable employment, prices in H2

Employees work on the filter cloth production line at Jingjin filter press factory in Dezhou, Shandong province, China August 25, 2022. REUTERS/Siyi Liu Register now for FREE unlimited access to Reuters.com Register BEIJING, Aug 30 (Reuters) – China will step up measures to boost demand and stabilize employment and prices in the second half of … Read more

UK’s Liz Truss says defining mission will be reviving the economy

Conservative leadership candidate Liz Truss speaks at a hustings event, as part of the Conservative party leadership campaign, in Belfast, Northern Ireland, August 17, 2022. REUTERS/Clodagh Kilcoyne Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 18 (Reuters) – The frontrunner to be Britain’s next prime minister Liz Truss said her government’s defining … Read more

Sri Lanka c.bank holds rates, governor cautiously optimistic on economy

People, including farmers, queue up outside a fuel station, amid the country’s worst economic crisis, in Kilinochchi district, Sri Lanka July 28, 2022. REUTERS/ Devjyot Ghoshal Register now for FREE unlimited access to Reuters.com Register COLOMBO, Aug 18 (Reuters) – Sri Lanka’s central bank held rates steady on Thursday and the governor sounded a note … Read more