By Chen Lin SINGAPORE (Reuters) – Singapore’s private home prices rose 3.1% in the first half of the year, official data showed on Friday, bucking a downward trend in global property markets and resisting government measures to cool the red-hot market and rising living costs. Real estate prices in the second quarter dipped just 0.2%,…
FRANKFURT (Reuters) – Big euro zone firms are recording stagnating activity levels and see no improvement in the current quarter with risks tilted towards even more negative outcomes, the European Central Bank said on Friday based on a survey of large firms. The survey adds to an already gloomy picture with a raft of indicators…
FRANKFURT (Reuters) – Core inflation in the euro zone will come down more slowly than previously thought as wage growth is seen picking up in a tight labour market, a European Central Bank survey showed on Friday. The latest Survey of Professional Forecasters (SPF) was presented to ECB policymakers this week as they decided to…
LONDON (Reuters) – UK authorities said on Friday they were investigating defence ministry emails that were mistakenly sent to the wrong recipient, after reports that messages intended for U.S. military intelligence ended up with Russian ally Mali. Ministry of Defence officials were trying to contact the Pentagon, whose domain name is “.mil”, but accidentally sent…
(Reuters) – Keurig Dr Pepper Inc beat Wall Street estimates for quarterly results on Thursday and forecast higher annual sales, as the soda maker benefits from multiple rounds of price hikes that helped counter slowing demand due to still high inflation. The results are the latest evidence that consumer companies have been largely able to…
By Linda Pasquini and Marta Frackowiak (Reuters) -Swiss specialty chemicals maker Clariant on Friday said it still expected the second half of 2023 to be stronger than the first, with higher revenue and profit driven by a strong catalysts order book, after second-quarter profit beat its forecast. The comments come as European chemicals makers, including…
(Reuters) – The Bank of Japan made its yield curve control policy more flexible and loosened its defence of a long-term interest rate cap on Friday, in moves seen by investors as a prelude to an eventual shift away from massive monetary stimulus. Following are excerpts from BOJ Governor Kazuo Ueda’s comments at his post-meeting…
HONG KONG (Reuters) – The hearing for a winding-up petition against China Evergrande Group has been adjourned to Oct. 30 from July 31, a Hong Kong court diary showed. The adjournment was initiated by the petitioner in order to wait for the result from Evergrande’s meeting with creditors on Aug. 23 to vote on its…
By John O’Donnell FRANKFURT (Reuters) – Long before Europe faced its debt crisis, Sweden struggled through its own 1990s property crash. Now the country is preparing to use an old playbook to contain its problems. Sweden first embraced property in the mid-1980s, when the country scrapped strict limits on lending, triggering a free for all…
By Kirsty Needham SYDNEY (Reuters) -Australia’s Prime Minister Anthony Albanese said he was confident a deal for the U.S. to sell nuclear powered submarines to Australia was on track, ahead of talks between defence and foreign ministers of the two countries on Friday. Twenty-five U.S. Republican lawmakers told President Joe Biden on Thursday the plan…
