By Elizabeth Howcroft LONDON (Reuters) – European stocks were a touch higher on Friday as government bond yields pulled back from recent peaks, while investors braced for euro zone inflation data later in the session. After a week of market turmoil in which recession fears sapped stocks and currency markets were rocked by dollar strength,…
By Shubham Kalia, Chen Lin and Xinghui Kok SINGAPORE (Reuters) – Singapore has unveiled a package of measures for the property market, including tightening lending limits for housing loans in response to a rise in interest rates, as well as new steps to moderate demand. The move would ensure “prudent borrowing” and “avoid future difficulties”…
(Reuters) – DP Eurasia, which runs the Domino’s Pizza brand in Turkey and Russia, said on Friday its sales jumped 66% in the first six months of the year, helped by strategic pricing and sustained volume performance. Before adjustments for hyperinflation in Turkey, sales at the group’s own stores and franchise outlets rose to 1.75…
BEIJING (AP) — Growth in Chinese factory activity was weak in September, export orders fell and employers cut jobs, two surveys showed Friday, adding to pressure on lackluster economic growth. A monthly purchasing managers’ index released by business news magazine Caixin fell to 48.1 from August’s 49.5 on a 100-point scale in which readings below…
NEW DELHI (AP) — India’s central bank on Friday raised its key interest rate by 50 basis points to 5.90% in its fourth hike this year and said developing economies were facing challenges of slowing growth, elevated food and energy prices, debt distress and currency depreciation. Reserve Bank of India Governor Shaktikanta Das projected inflation…
Wall Street closed out a miserable September on Friday with the S&P 500’s worst monthly skid since March 2020, when the coronavirus pandemic crashed global markets. The benchmark index ended the month with a 9.3% loss and posted its third straight losing quarter. It’s now at its lowest level since November 2020 and is down…
By Sabine Siebold and Charlotte Van Campenhout MOSCOW/BRUSSELS (Reuters) – Russia said on Thursday that leaks spewing gas into the Baltic Sea from pipelines to Germany appeared to be the result of state-sponsored “terrorism”, as an EU official said the incident had fundamentally changed the nature of the conflict in Ukraine. The European Union is…
CANBERRA, Australia (AP) — The computer hacker who stole personal data of almost 10 million customers of a telecommunications company in one of Australia’s worst privacy breaches used techniques to conceal their identity, actions and whereabouts, police said on Friday. Australian Federal Police Assistant Commissioner Justine Gough, who heads cyber investigations, said the international probe,…
MUMBAI (Reuters) – The Reserve Bank of India’s benchmark repo rate was raised by 50 basis points on Friday, the fourth straight increase in the current cycle, as policymakers extended their battle to tame sustained above-target retail inflation rate. The monetary policy committee (MPC), comprising of three members from the RBI and three external members,…
WASHINGTON (AP) — The House on Thursday approved antitrust legislation targeting the dominance of Big Tech companies by giving states greater power in competition cases and increasing money for federal regulators. The bipartisan measure passed by a 242-184 vote. It was separated from more ambitious provisions aimed at reining in Meta, Google, Amazon and Apple…
