- — Greek villagers vote to relocate after deadly climate-driven flood
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at 12/6/23 3:00pmResidents of the small Greek farming village of Metamorfosi have voted in favour of relocating their entire community after it was submerged by flood waters in September, seeking to protect themselves from future climate change-driven disasters. Metamorfosi which also flooded in 1953 and 1994 nearly disappeared beneath the water when Storm Daniel, which ...- — German industrial orders fall unexpectedly in October
- at 12/6/23 3:00pmGerman industrial orders fell unexpectedly in October, declining by 3.7% on the previous monthon a seasonally and calendar-adjustedbasis,the federal statistics office said on Wednesday. A Reuters poll of analysts had pointed to a rise of 0.2%, following a revised 0.7% increase in September. Excluding large-scale orders, manufacturers saw a 0.7% rise in new orders in ...
- — UK coping with higher rates for now but risks lie ahead – BoE
- at 12/6/23 3:00pmBritish businesses and households are coping with the climb in interest rates so far but the process of adjustment is far from over and banks must also prepare for changes to the way they fund themselves, the Bank of England said. The BoE said the overall risk environment was challenging in the face of Chinas ...
- — Japan manufacturers’ mood jumps, second straight month of gains – Reuters Tankan
- at 12/6/23 3:00pmSentiment at big Japanese manufacturers surged, improving for a second straight month as the auto sector continued to recover from last years semiconductor shortage and supply chain woes, a monthly Reuters Tankan survey found. The sentiment index for manufacturers stood at plus 12 in December compared with plus 6 the previous month, according to the ...
- — Australia’s economy slows to a crawl, consumer spending surprisingly weak
- at 12/6/23 3:00pmAustralias economy barely grew in the third quarter as exports flagged and households reeling from a surge in mortgage payments were reluctant to spend, suggesting rate hikes were working to restrain demand. Marking an eighth straight quarter of growth, albeit its slowest in a year, real gross domestic product (GDP) inched 0.2% higher ...
- — World Trade Organization: Hong Kong, China’s Trade Policy Review, December 2023: UK Statement
- at 12/6/23 3:00pmChair, let me join others in welcoming the delegation from Hong Kong, China, led by Director-General of Trade and Industry, Ms. Wong. Let me also express my gratitude to the wider delegation, ably led in Geneva by Permanent Representative Miss So, and to colleagues from the WTO Secretariat for their respective reports; to the Chair, ...
- — Are the solutions to fight climate change making progress?
- at 12/6/23 3:00pmIts not all doom and gloom at the COP28 climate summit. The Earths climate is changing rapidly and urgent action is needed to avoid the most damaging consequences for people and nature. But there is hope, and delegates in Dubai are discussing several very concrete ways to limit warming. So what are some of these ...
- — China’s Wang stresses promoting stable, healthy Sino-US relations with Blinken
- at 12/6/23 3:00pmChinas Foreign Minister Wang Yi said on Wednesday that promoting healthy, stable and sustainable China-U.S. relations is an important task, in a phone call with U.S. Secretary of State Antony Blinken. Blinken also discussed his recent travel in the Middle East and U.S. diplomatic efforts in the region with Wang, according to an earlier statement ...
- — China’s economy has bright prospects for further growth: NDRC official
- at 12/6/23 3:00pmChinese economy remains on the trajectory of an upswing recovery, after overcoming difficulties as well as challenges during the past months, and it has a bright prospect for further development, the National Development and Reform Commission (NDRC) said on Wednesday. China remains as the single largest engine of global growth and will contribute about one-third ...
- — Latin American investment needs to outstrip economic growth in coming years -BlackRock
- at 12/6/23 3:00pmLatin Americas social and investment needs will outstrip its annual economic growth in coming years, the regions head strategist for BlackRock investment firm said on Tuesday, saying the regions economy could grow some 3% by 2026. Axel Christensen, head regional strategist at the worlds largest asset manager, said this estimate came from forecasts from multilateral ...
- — Higher Rates, Oil Prices Stay Supportive for Middle East Banks
- at 12/6/23 3:00pmHigher interest rates and oil prices will support overall solid economic conditions for Middle East (ME) banks, says Fitch Ratings in its 2024 Outlook report. This underpins the neutral sector outlook for ME banks, reflecting our expectation that the banks will continue their sound profitability, solid liquidity, and adequate capital buffers for their risk profiles, ...
- — ‘Messi of finance’: Argentina economy chief faces World Cup of crises
- at 12/6/23 3:00pmLuis Caputo was once nicknamed the Messi of finance for reopening Argentinas access to credit markets after lengthy negotiations with debt holdouts. He now faces a World Cup-sized challenge to fix the South American countrys worst economic crisis in decades. Caputo, 58, a sports-loving former finance minister and central banker, will take the reins of ...
- — How China’s “sock city” is growing its ice and snow economy
- at 12/6/23 3:00pmWhen you think of cities known for ice and snow in China, Liaoyuan in northeastern Jilin Province may not be among the names that pops into your head. Although Gong Jinjie from Liaoyuan won gold in track cycling at the 2016 Rio Olympics, athletes from here have not yet made a major breakthrough in the ...
- — US third-quarter productivity revised higher; labor costs much weaker
- at 12/6/23 3:00pmU.S. worker productivity grew faster than initially thought in the third quarter, putting more downward pressure on labor costs, a trend that if sustained could contribute to lower inflation. Nonfarm productivity, which measures hourly output per worker, increased at a 5.2% annualizedrate last quarter, the Labor Departments Bureau of Labor Statistics said on Wednesday. That ...
- — China’s exports slump seen slowing as pockets of demand emerge- Reuters poll
- at 12/6/23 3:00pmDeclines in Chinas exports likely slowed in November, a Reuters poll showed on Wednesday, amid mixed signs factories in the worlds second-largest economy may be finding their footing after a bruising slump in demand. Outbound shipments from China are expected to show a 1.1% drop in November from a year earlier, following a 6.4% fall ...
- — Fed to hold rates until at least July; first cut not start of stimulus wave
- at 12/6/23 3:00pmThe U.S. Federal Reserve will hold interest rates until at least July, later than earlier thought, according to a slim majority of economists in a Reuters poll who said the first cut would be to adjust the real rate of interest, not the start of stimulus. All but five of 102 economists in the Dec. ...
- — Chinese brokerages see the country’s economy growing at 5% in 2024
- at 12/6/23 3:00pmA number of Chinese brokerages have released their economic outlooks for 2024, with many predicting that the countrys economy will grow by around 5 percent and a moderate rebound in prices. Analysts at China International Capital Corporation expect Chinas real GDP growth to be around 5 percent in 2024, with second half growth exceeding the ...
- — UK construction sector contracts sharply in November-PMI
- at 12/6/23 3:00pmBritains construction sector activity fell sharply for a third month in a row in November, led by an ongoing slump in house-building as it bears the brunt of higher Bank of England interest rates, a survey showed on Wednesday. The SP Global/CIPS UK construction Purchasing Managers Index (PMI) edged down to 45.5 from Octobers reading ...
- — India swap market signals cenbank will differ from Fed’s rate-cut path
- at 12/6/23 3:00pmIndias overnight index swap market is signalling that the countrys central bank will not rush to cut interest rates even if the U.S. Federal Reserve starts bringing down rates early next year. The odds of the Feds first rate cut coming in March have risen to 63%, while the Reserve Bank of India is expected ...
- — US trade deficit widens in October on weak exports
- at 12/6/23 11:00amThe U.S. trade deficit widened more than expected in October as exports declined, likely positioning trade to be a drag on economic growth in the fourth quarter. The trade deficit increased 5.1% to $64.3 billion, the Commerce Departments Census Bureau said on Wednesday. Data for September was revised to show the trade gap rising to ...
- — US private payrolls miss expectations in November
- at 12/6/23 11:00amU.S. private payrolls increased less than expected in November as the labor market gradually cools. Private payrolls rose by 103,000 jobs last month, the ADP National Employment Report showed on Wednesday. Data for October was revised lower to show 106,000 jobs added instead of 113,000 as previously reported. Economists polled by Reuters had forecast private ...
As of 12/6/23 7:32pm. Last new 12/6/23 4:24pm.
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