UK retail sales fall in May after April rise, outlook less gloomy: CBI
LONDON (Reuters) - British retail sales declined this month after a modest rise in April but stores expect sales volumes to stabilise in…
Fed’s Bowman backs ‘targeted’ bank rules reform but not ‘radical’…
Federal Reserve Governor Michelle Bowman on Friday repeated her call for the U.S. central bank to hire an outside party to analyze the…
Sri Lankan economy expected to contract by 3% in 2023: IMF official
By Uditha JayasingheCOLOMBO (Reuters) - The Sri Lankan economy is expected to contract by 3% in 2023 given the weak external…
Big U.S. firms adopt cautious tone on China recovery
(Reuters) - Several U.S. companies, including PepsiCo (NASDAQ:PEP), Qualcomm (NASDAQ:QCOM) and Cummins (NYSE:CMI), struck a cautious note on…
Biden, McCarthy start debt ceiling talks as clock ticks to default
By Steve HollandWASHINGTON (Reuters) - U.S. President Joe Biden and top Republican lawmakers will declare their positions face to face…
Food pushes Pakistan inflation to record 36.4% in April
By Ariba ShahidKARACHI, Pakistan (Reuters) -Pakistan consumer prices, driven by food, rose a record 36.4% in the year to April, the…
UK inflation expectations ease as BoE considers next rate hike
LONDON (Reuters) -Inflation expectations in Britain eased in April, bank Citi said on Monday, offering some relief to the Bank of England…
Core euro zone inflation edges up in March, keeping ECB on alert
By Balazs KoranyiFRANKFURT (Reuters) - Euro zone inflation eased last month but underlying readings remained stubbornly high, Eurostat…
U.S. service sector slows in March; inflation cooling – ISM survey
WASHINGTON (Reuters) - The U.S. services sector slowed more than expected in March as demand cooled, while a measure of prices paid by…
Housing market in tech hubs cooling faster than other parts of US – report
(Reuters) - Housing markets in tech hubs are cooling more rapidly than other parts of the United States amid a wave of layoffs in the…