(Reuters) – Spanish consumer prices rose 7.3% year-on-year in October, down from 8.9% in the period through September, final data released by the National Statistics Institute showed on Tuesday. Analysts polled by Reuters saw the 12-month inflation through October at 7.3%, the same as the flash estimate released two weeks ago. Core inflation, which strips…
LONDON (Reuters) – Britain’s unemployment rate rose to 3.6% in the three months to September and vacancies fell for a fifth time in a row as employers worried about the outlook for the economy, the Office for National Statistics said on Tuesday. Economists polled by Reuters had expected the jobless rate to remain at 3.5%….
TOKYO (AP) — Asian shares were mostly lower Wednesday, as investors got jittery over global risks after Poland said a Russian-made missile killed two people there. Benchmarks fell in morning trading in Tokyo, Sydney, Seoul and Hong Kong, while shares were little changed in Shanghai. Ukrainian President Volodymr Zelenskyy decried the blast as “a very…
MUMBAI (Reuters) -The Reserve Bank of India is likely to opt for a 35 basis points (bps) rate hike at its policy meeting in December, after three consecutive 50 bps increases, as inflation eased in October and is likely to dip further, analysts said. The RBI has already raised rates by 190 bps since May,…
BEIJING (AP) — Chinese consumer spending contracted in October and factory activity weakened as anti-virus controls following a rise in infections weighed on the economy. Retail sales sank 0.5% compared with a year ago, down from September’s 2.5% expansion, as millions of people were confined to their homes, government data showed Tuesday. Growth in factory…
By Rocky Swift and Mayu Sakoda TOKYO (Reuters) – Japanese medical equipment maker Olympus Corp has largely completed a slew of asset sales and is now keen to do deals, particularly in digital technology and robotics, its chief executive said. “Olympus has tended to make everything by itself and now we fully recognise that alignment…
TOKYO (AP) — The Japanese economy contracted at an annual rate of 1.2% in the July-September quarter, as consumption declined amid rising prices. Seasonally adjusted real gross domestic product for the world’s third-largest economy shrank 0.3% on-quarter, according to government Cabinet Office data released Tuesday. The annual rate shows how the economy would have grown…
OMAHA, Neb. (AP) — Warren Buffett’s company slashed its stake in U.S. Bank’s parent company and also sold shares in Chinese electric car maker BYD in the third quarter, according to regulatory filings Monday. The moves were among several others including a more than $4.1 billion investment in Taiwan Semiconductor that Berkshire Hathaway disclosed in…
TOKYO (Reuters) – Nothing is blocking discussions between Nissan and Renault over the future of their alliance and the two companies will have “important talks” on Tuesday and Wednesday, the French automaker’s chairman said in Tokyo. Speaking at an event on Tuesday, Renault SA chairman Jean-Dominique Senard touted the Franco-Japanese alliance, which has been discussing…
By Jeffrey Dastin (Reuters) -Amazon.com Inc is planning to lay off around 10,000 employees in corporate and technology roles beginning this week, a person familiar with the matter said on Monday, in what would amount to its biggest such reduction to date. The cuts, earlier reported by the New York Times, would represent about 3%…
