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Economic News
Global economy slows, recession risk hangs in the balance: Kemp
By John KempLONDON (Reuters) - Economic growth around the world has slowed to a crawl but (so far) there are few signs of the…
Australian economy to limp along as consumers struggle: Reuters poll
By Wayne ColeSYDNEY (Reuters) - Analysts have again trimmed their forecasts for Australia's economic growth as consumers struggle with…
India’s PMC Bank created over 21,000 fake accounts to hide loans: complaint
By Rajendra Jadhav and Nupur AnandMUMBAI (Reuters) - Punjab and Maharashtra Co-operative Bank (PMC) used more than 21,000 fictitious…
Japan proceeds with twice-delayed sales tax hike as growth sputters
By Tetsushi KajimotoTOKYO (Reuters) - Japan rolled out a twice-delayed increase in the sales tax to 10% from 8% on Tuesday, a move that…
Turkey’s inflation seen tumbling briefly to single digits in September: Reuters poll
By Nevzat DevranogluANKARA (Reuters) - Turkish inflation is expected to fall sharply in September to 9.6%, a Reuters poll showed on…
Asian shares drop to three-week low, U.S. politics adds to gloom
By Hideyuki SanoTOKYO (Reuters) - Asian shares slipped to three-week lows on Friday as the release of a whistleblower complaint against…
U.S. existing home sales rise to 17-month high in August
WASHINGTON (Reuters) - U.S. home sales unexpectedly rose to a 17-month high in August for a second straight month of gains, the latest sign…
U.S. mortgage applications flat as rates jump: MBA
(Reuters) - U.S. mortgage applications were little changed on the week even as home borrowing costs jumped in step with a surge in bond…
Saudi Aramco pursues IPO planning despite attack damage doubts
By Marwa Rashad and Tom ArnoldRIYADH/LONDON (Reuters) - Saudi Aramco is pressing ahead with its listing plans this week, although some…
Stretched households could mean lengthy UK downturn, if it comes
LONDON (Reuters) - If Britain falls into recession soon, perhaps after a no-deal Brexit, it might prove to be a lengthy one because the…