The latest Economy News: breaking news on the global and UK economy and international investments including audio and video coverage.

China Manufacturing Activity Recovers In November

China’s factory activity rebounded in November as sustained rise in new orders lifted production, survey results from S&P Global showed on Friday. The Caixin manufacturing Purchasing Managers’ Index, or PMI, rose to a three-month high of 50.7 in November from 49.5 in October. Economists had forecast the index to rise moderately to 49.8. The health of the sector strengthened for […]

Read more

European Economic News Preview: Eurozone Final Factory PMI Due

Factory Purchasing Managers’ survey results from the euro area and the UK are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, the UK Nationwide house price data is due. House prices are forecast to fall 2.3 percent on a yearly basis in November after easing 3.3 percent in October. At 2.30 am […]

Read more

White-collar workers face hiring cliff as rate rises bite

Save articles for later Add articles to your saved list and come back to them any time. The post-pandemic jobs boom for white-collar workers is coming to an abrupt halt, as rising interest rates and a slowing economy dampen hiring across the financial services sector. From finance, to professional services such as consulting, to technology, there are clear signs some […]

Read more

Eurozone PMI Signals Shallow Technical Recession

The ongoing downturn in the euro area private sector suggested that the region might have entered a shallow recession in the final quarter of 2023, according to the latest purchasing managers’ survey results released by S&P Global on Thursday. The HCOB flash composite output index rose to 47.1 in November from 46.5 in October. The reading was also above economists’ […]

Read more

U.S. Existing Home Sales Plunge Much More Than Expected In October

Existing home sales in the U.S. tumbled by much more than expected in the month of October, according to a report released by the National Association of Realtors on Tuesday. NAR said existing home sales plummeted by 4.1 percent to an annual rate of 3.79 million in October after plunging by 2.2 percent to a revised rate of 3.95 million […]

Read more

Tokio Marine H1 Net Profit Surges, Lifts Annual Outlook

Tokio Marine Holdings, Inc. (TKOMF.PK,TKOMY.PK), a Japanese insurance holding company, Friday posted a surge in net profit for the first half of 2023, amidst an increase in underlying and ordinary income. In addition, the company has revised up its annual outlook. For the six-month period to September 30, the company posted a net profit of 205.005 billion yen or 103.38 […]

Read more
1 2 3 101