China’s state planner expects consumption growth to recover as…

BEIJING (Reuters) – China’s consumer spending growth may recover as one-off and seasonal issues recede, a senior Chinese state planner official said on Thursday. Liu Yunan, a senior official at the National Development and Reform Commission (NDRC), told reporters at a regular briefing he believes China’s consumer growth is still “reasonable” despite slower growth reflected in official consumer spending data. […]

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India’s central bank, in a tight spot, is expected to raise rates…

MUMBAI (Reuters) – The Reserve Bank of India is likely to raise interest rates on Wednesday while retaining a neutral policy stance as it aims to strike a balance between rising inflationary pressures and still recovering growth. FILE PHOTO: A man checks his phone outside the Reserve Bank of India (RBI) headquarters in Mumbai, India April 5, 2018. REUTERS/Francis Mascarenhas/File […]

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BOJ’s Amamiya says central bank will buy bonds if yields rise rapidly

KYOTO, Japan (Reuters) – Bank of Japan Deputy Governor Masayoshi Amamiya said on Thursday that the central bank would purchase government bonds “promptly and appropriately” if yields rose rapidly. FILE PHOTO: Masayoshi Amamiya, a nominee for Bank of Japan deputy governor, attends a confirmation hearing in the lower house of parliament in Tokyo Japan March 5, 2018. REUTERS/Toru Hanai “The […]

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China’s state planner says slower homes sales, income growth hurt…

BEIJING (Reuters) – Slower income growth and soft home sales are hurting consumer spending growth in China, an official with the country’s planning agency said on Thursday, although consumption was expected to pick up again as various seasonal factors recede. A slowdown in home sales growth in the first half of the year to 3.3 percent from 16.1 percent a […]

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The gig economy is a myth, survey finds

The 'gig economy' is a myth, globalisation is killing Australian small business owners, and men have significantly more autonomy in their jobs but feel less secure in their roles. A survey of 17,000 Australians over almost two decades has found "there is no evidence of any growth in the use of independent workers in Australia," despite widespread fears of companies such as Uber and […]

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Irish manufacturing growth holds steady in July, PMI shows

DUBLIN (Reuters) – Irish factory activity expanded in July at a slightly slower pace than the previous month as higher prices for fuel, oil and plastics squeezed profitability and led to higher output prices, a survey showed on Wednesday. The Investec Manufacturing Purchasing Managers’ Index edged down to 56.3 from 56.6 in June but was comfortably above the 50 mark that separates growth from […]

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'Dunkirk spirit': UK banks are preparing billions in emergency lending to support the economy under a no-deal Brexit

The Army is on standby to deliver food, medicine, and fuel.Michael Rieger / FEMA Big banks are ready to lend money to UK businesses in order to prop up the economy in the event of a no-deal Brexit. The bank lobbying body, UK Finance, said it was ready to help coordinate lending as it did following the collapse of Carillion […]

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