UK pay rises by more than expected, adding to worries for Bank of England
LONDON (Reuters) – British pay rose by more than expected in the three months to October, official data showed on Tuesday, potentially adding to the Bank of England’s caution about how quickly to cut interest rates. Average weekly earnings, excluding…
India’s economy ends 2024 with solid momentum as business growth hits 4-month high, PMI shows
By Anant Chandak BENGALURU (Reuters) – India’s private sector output grew at the fastest pace in four months, preliminary readings from a survey showed, helping the economy end 2024 on a positive note underpinned by sturdier demand in services and…
India must do more to tax its super-rich, France’s Piketty says
(This Dec. 13 story has been corrected to say ‘outflows’, not ‘overflows’, in paragraph 7) By Manoj Kumar NEW DELHI (Reuters) – India should do more to tax its super-rich given its high levels of inequality, French economist and author…
Explainer-Which German coalition plans will still be implemented?
By Maria Martinez BERLIN (Reuters) – Germany’s political parties haven’t agreed on much since Chancellor Olaf Scholz’s coalition collapsed in November, but some laws could still be passed before an early election in February. The departure from the coalition of…
Indonesia books $4.4 billion trade surplus in Nov, beating forecast
JAKARTA (Reuters) -Indonesia posted an unexpectedly large $4.42 billion trade surplus in November, double the figure expected by analysts as exports jumped and imports came in below market forecasts, official data showed on Monday. The trade data is among a…
Fed to flag slower pace of easing, Jan rate cut no longer expected- Goldman Sachs
Investing.com– The Federal Reserve is likely to signal a slower pace of interest rate cuts in 2025 this week, Goldman Sachs said, and is unlikely to trim rates in January amid concerns over sticky inflation and a strong labor market. …