UK home asking prices rise, tax cuts to spur demand: Rightmove

Register now for FREE unlimited access to Register LONDON, Sept 26 (Reuters) – Asking prices for British homes advertised rose solidly this month and last week’s cut to property purchase tax announced by finance minister Kwasi Kwarteng could fuel demand further, property website Rightmove said on Monday. Prices rose by 8.7% in annual terms … Read more

RBI to raise rates again, slim majority of economists expect 50 bps hike: Reuters poll

A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, India, November 9, 2018. REUTERS/Altaf Hussain/File Photo Register now for FREE unlimited access to Register BENGALURU, Sept 23 (Reuters) – The Reserve Bank of India is set to raise interest rates again next week with a … Read more

UK jobless rate hits 48-year low as people quit labor market

A lorry driver passes a sign on the side of his vehicle advertising for jobs as he makes a delivery, in London, Britain, October 13, 2021. REUTERS/Toby Melville Register now for FREE unlimited access to Register LONDON, Sept 13 (Reuters) – Britain’s unemployment rate fell to its lowest since 1974 at 3.6% in the … Read more

Analysis: This might hurt: tectonic plates of global economy shift

Beyond the cost of living crisis, wider trends at play Demographics, geopolitics, environmental costs weigh Monetary quick fixes not enough; deeper reforms needed LONDON, Sept 12 (Reuters) – When the Shannon family announced the closure of their garden center just off London’s busy South Circular road after 33 years of trading this month, their message … Read more

Morning Bid: Paused stream | Reuters

Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File Photo Register now for FREE unlimited access to Register A look at the day ahead in European and global markets from Tom Westbrook As far as first days go, Monday is shaping … Read more

World at rising risk of recession as inflation hits consumers

World surveys show business activity contracting Little hope of a turnaround anytime soon Inflation reaches multi-decade highs in many parts of the world LONDON, Aug 23 (Reuters) – The global economy is increasingly at risk of sliding into recession, surveys showed on Tuesday, as consumers faced with generation-high inflation rein in spending while central banks … Read more

Australia home prices slide, Sydney suffers worst month in 40 years

FILE PHOTO – Properties can be seen in the Sydney suburb of Clovelly, Australia, July 19, 2015. REUTERS/David Gray Register now for FREE unlimited access to Register SYDNEY, Aug 1 (Reuters) – Australian home prices slipped for a third month in July and the pace quickened as Sydney suffered its worst decline in almost … Read more

US GDP may fall again in Q2. Does it mean recession?

WASHINGTON, July 21 (Reuters) – Between the backlogged orders from Christmas, ongoing high demand, and an improving flow of products from around the world, goods flooded into the United States in the first three months of this year at a record $3.4 trillion annually pace. It was good news, evidence that US consumers felt flush … Read more