By Alun John and Karin Strohecker LONDON (Reuters) – The dollar fell more than 2% against other major currencies in August, marking its biggest monthly drop this year and providing some relief t[...]
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September 2, 2024
Euro zone factories stuck in a rut as Asia shows tentative signs of recovery
By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) -Factories in the euro zone remained mired in contraction last month, surveys showed, with the data suggesting a recovery could be some way of[...]
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German, British tourists spur Spain’s GDP gains while own economies flag
By Belén Carreño and Maria Martinez MADRID/BERLIN (Reuters) – Spain received a record 10.9 million tourists in July, 7.3% more than a year ago, while their spending jumped 12%, stoking the Spani[...]
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Turkey economic growth slows to 2.5% in face of rate hikes
By Ezgi Erkoyun and Can Sezer ISTANBUL (Reuters) -Turkey’s economy grew less than expected in the second quarter, expanding an annual 2.5% in the face of a year-long monetary tightening campaign[...]
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Shares in Hong Kong’s New World Development plunge after loss estimate
By Clare Jim HONG KONG (Reuters) – Shares in major Hong Kong property developer New World Development plunged 13% after it estimated a net loss of as much as HK$20 billion ($2.6 billion) for the[...]
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Nomura expects Indian cenbank to pivot to rate cuts from October amid weakening growth
BENGALURU/MUMBAI (Reuters) -Nomura expects India’s central bank to begin cutting interest rates next month as inflation in the South Asian nation edges lower and economic growth weakens, the inv[...]
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UK factories report strongest month since 2022, PMI shows
LONDON (Reuters) – British factories had their strongest month in more than two years in August as demand at home offset a fall in exports, according to a survey published on Monday that added t[...]
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Euro zone August factory activity stuck in a rut, PMI shows
LONDON (Reuters) – Euro zone manufacturing activity remained mired in contraction in August, a survey showed on Monday, with the data suggesting a recovery could be some way off as demand fell a[...]
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Downturn in German manufacturing accelerates, PMI shows
By Maria Martinez BERLIN (Reuters) – The downturn in Germany’s manufacturing sector, which accounts for about a fifth of Europe’s biggest economy, continued to gather pace in August,[...]
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