Manufacturing activity across the euro zone declined again last month as consumers feeling the pinch from a deepening cost of living crisis cut spending, a survey showed on Thursday, providing more evidence of the growing risk of recession.
India's central bank is unlikely to give "shadow banks" exemptions from stricter bad-loan rules coming into force, sources told Reuters, essentially ending an advantage the non-bank financial firms have had over standard banks.
Persistent weakness last month in China's property market and manufacturing sector, which combined account for half of the country's gross domestic product, renews risks to its recovery already threatened by disruptions from widespread COVID curbs.
The main European stocks index skidded to its lowest in seven weeks in a rough start to September on deepening worries about aggressive rate hikes and record-high inflation in the region.
The European Union's markets watchdog said on Thursday it was on red alert for contagion after inflation stoked by Russia's invasion of Ukraine has threatened markets' ability to function in an orderly way.
Australia's housing market downturn is squeezing many home sellers into a double bind: They've taken out a mortgage for a new home but are holding out for a good deal on their old place, forcing them also to hold a bridging loan to cover their previous mortgage.
Indonesia's inflation rate eased more than expected in August, official data showed on Thursday, but economists said the rate is set to accelerate and more interest rate increases are likely amid expectation of a fuel price hike.
Oil prices dropped on Thursday, as investors were worried that aggressive interest rate hikes from global policymakers would slow economies and dent fuel demand, while renewed restrictions to curb COVID-19 in China also added pressure.
Crisis-hit Sri Lanka has reached a preliminary agreement with the International Monetary Fund (IMF) for a loan of about $2.9 billion, the international lender said in a statement on Thursday.
Asian stocks slid and the dollar spiked on Thursday as investors greeted September by selling everything that was not nailed down after a month battered by concerns about aggressive rate hikes from global policymakers.
India's lower-than-expected economic growth in April-June is unlikely to alter the course for the Reserve Bank of India that is anchored to taming inflation with more rate hikes, analysts said.
In less than two years at the helm of Citigroup Inc, Jane Fraser has unveiled plans to exit Russia in a bid to pare down risky assets and cull consumer businesses in 13 other countries to focus on multinational companies and the wealthy.
South Korea's export growth slowed in August but imports accelerated, widening the trade deficit to a record amount and adding downside pressure on the won, already hovering at over 13-year lows.
A new index that measures distress in the U.S. corporate bond markets showed a slight improvement in August, data released on Wednesday showed, suggesting an uptick in investor sentiment heading into U.S.
Canadian economic growth lagged in the second quarter and most likely dipped into negative territory in July, data showed on Wednesday, signaling the economy may be cooling more quickly than expected ahead of a rate decision next week.
When Riku Omori's pay at his regular job was slashed by a third, he found temporary work delivering fried chicken and Thai food on his bike on the streets of Kawasaki, south of Tokyo, as a way to supplement his reduced earnings.
A new wave of big private equity players including KKR & Co is moving in on Japan's property market, drawn by attractive yield spreads with Japan's low interest rates and by prospective deals with companies that hold under-utilised assets.
A blowout in visa processing times in Australia has left about a million prospective workers stuck in limbo, worsening the acute staff shortages that have crippled businesses and dampened economic sentiment.
U.S. private payrolls increased moderately in August, according to the ADP National Employment report, which likely exaggerates the slowdown in the labor market as government data continues to point to strong demand for workers and very tight conditions.
British households' expectations for average inflation over the next five to 10 years hit a record-high 4.8% in August, more than double the Bank of England's 2% inflation target, a monthly survey from YouGov and U.S.
The Russian economy shrank 0.4% in the first six months of 2022 compared with a year ago but capital investment, one of the main economic growth drivers, rose 7.8%, data from the federal statistics service Rosstat showed on Wednesday.
Wall Street's main indexes rose on Wednesday as technology and growth stocks rebounded after a three-day slump on rate hike worries, while weaker-than-expected private payrolls data and a slide in oil prices helped ease some worries about inflation.
Woolworths Holdings plans to open more stores and ramp up its on-demand delivery service, its chief executive said on Wednesday, as it steps up a turf war for South Africa's affluent shoppers.
UniCredit on Wednesday said it had gained supervisory approval for a new share buyback of up to 1 billion euros ($1 billion), putting it on track to hit its capital distribution goals despite economic recession risks.
After struggling a bit with the ticket machine at Madrid's grand 19th century Atocha railway station, 26-year-old Jennifer Bernard Quintana and her sister became the happy owners of free travel passes valid from Thursday.
British government energy bill rebates for households cannot be viewed as lowering inflation, official statisticians said on Wednesday, ruling out the possibility of a modest reduction to rates of price growth that are running at 40-year highs.
Thailand hopes to boost its tourism revenue to between 600 billion-700 billion baht ($16 billion-$19 billion) by year-end, by targeting high-spending groups like Indian wedding parties and honeymooners, a senior tourism official said.
The surge in British house prices will come to an end next year as the cost of living crisis and rising borrowing costs put the brakes on what has been a buoyant market for years, a Reuters poll found.
Asian markets extended the global stocks selloff on Wednesday, as investor worries about aggressive monetary tightening were inflamed further by strong U.S. jobs data.
India's economy probably achieved its fastest annual expansion in a year in the April-June quarter, economists said, expecting the pace to sharply slow this quarter and in the next two as higher interest rates hit economic activity.
