BERLIN (Reuters) -German unemployment fell unexpectedly in July, showing resilience in the labour market despite difficult economic conditions, but the first cracks are appearing. The Federal Labour Office said on Tuesday that the number of people out of work decreased by 4,000 in seasonally adjusted terms to 2.604 million. Analysts polled by Reuters had expected…
By Radhika Anilkumar (Reuters) -Britain’s Domino’s Pizza Group said on Tuesday it does not expect to raise its product prices further at the moment because the cost of cheese and pizza boxes is starting to stabilize, and forecast its full-year profit would beat market expectations. Shares in the company rose as much as 9% at…
By Tom Sims FRANKFURT (Reuters) – Germany’s property sector is under stress, prompting firms to call for government support, property developers to file for insolvency and share prices of landlords to plunge. The real estate industry in Europe’s largest economy long benefited from an era of cheap money that fed a decade-long boom, but now…
(Reuters) – Cineworld Group said it has emerged from Chapter 11 bankruptcy after nearly 11 months, coming out with lower debt and a new slate of management and board. The world’s second largest cinema chain operator behind AMC Entertainment said it has appointed former Chair and CEO of Warner Bros Ann Sarnoff to its board, along…
JOHANNESBURG (Reuters) – South African manufacturing activity contracted for the sixth consecutive month in July, driven by an increase in scheduled power cuts and transport disruptions, a survey showed on Tuesday. The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) fell to 47.3 points in July from 47.6 points in June, falling further below the 50-point mark…
By Yew Lun Tian BEIJING (Reuters) – Hours after China’s top legislature convened a special meeting last week to remove foreign minister Qin Gang, photos and mentions of the 57-year-old started disappearing from his former ministry’s website. While some of this information reappeared days later, Qin does not feature on the website’s list of “former…
BERLIN (Reuters) -Daimler Truck achieved a second-quarter record adjusted return on sales of 10.3% for its industrial business, the company said on Tuesday, even as it faced rising monthly costs from inflation. Supply chain issues were easing, the truck and busmaker said, with some bottlenecks remaining this year though no major production downtime was expected….
By Suban Abdulla LONDON (Reuters) – British factory output contracted in July at the fastest pace in seven months, hit by higher interest rates and fewer new orders, despite weakening price pressures, a survey showed on Tuesday. The S&P Global/CIPS UK manufacturing Purchasing Managers’ Index (PMI) fell to 45.3 in July from 46.5 in June,…
By Makiko Yamazaki TOKYO (Reuters) -Nomura Holdings Inc on Tuesday reported a jump in first-quarter net profit as a strong Japanese stock market helped the country’s biggest brokerage and investment bank attract money from global investors. Renewed investor interest in Japanese stocks, driven by hopes for an end to deflation and a corporate drive for…
By Kevin Buckland and Ankur Banerjee SINGAPORE/TOKYO (Reuters) – Japan’s government bond market has turned into a cat-and-mouse arena for investors and the Bank of Japan, as the latter tries to slow a rise in yields towards its new policy ceiling and hungry investors go a step ahead and snap up the bonds. The game…
