Economy News

China industrial profits fall for fifth straight month


BEIJING Profits earned by Chinese industrial companies fell 4.6 percent in October from a year earlier, declining for the fifth consecutive month as the world's second-largest economy slows and industries deal with overcapacity.

Analysis - Egypt's central bank saviour faces tricky balancing act

CAIRO From bankers to carmakers, Egypt's business community will breathe easier when Tarek Amer takes charge at the central bank on Friday, with hopes high he will revamp a monetary policy that has undermined investment and growth.

9:51am IST

RBI likely sold dollars via state-owned banks to support rupee - traders

MUMBAI The Reserve Bank of India likely sold dollars through state-owned banks to stem the rupee's fall around 66.88 per dollar, three state-owned bank traders told Reuters.

10:00am IST

For faster growth, Modi needs to show Indians more reasons to save

MUMBAI On paper, India's households have more reason than ever to save. But convincing them that the central bank can keep inflation low is proving difficult, hindering the country's ambitious growth plans.

Top News, 2:41am IST

UK consumer confidence slips to six-month low, service sector growth slows

LONDON British consumer morale has slipped to its lowest level in six months and growth among services companies cooled, according to two surveys that suggested to a further moderation of economic growth.

5:45am IST

Britons chase Black Friday bargains

LONDON Britain’s shopping streets, out-of-town malls and websites will be awash with discounted goods on Friday as shoppers chase "Black Friday" deals in a spending frenzy expected to top last year's record level.

6:58am IST

Japan spending slumps even as unemployment hits 20-yr low

TOKYO Japanese household spending unexpectedly fell in October for a second straight month, even as unemployment hit a two-decade low, underscoring the challenge facing premier Shinzo Abe in persuading reluctant companies to boost wages.

Japan 8:28am IST

Japan October jobless rate falls to 3.1 percent

TOKYO Japan's jobless rate in October fell to 3.1 percent, data from the internal affairs ministry showed on Friday.

Japan 5:32am IST

Mis-selling risks grow with China's insurance sales army

HONG KONG/SHANGHAI Chinese insurers are on a hiring binge, recruiting an army of agents to sell their products to a burgeoning middle class, but the risk of mis-selling by inexperienced agents on commission could prove costly to the industry and its customers.

9:53am IST

U.S. Thanksgiving shopping crowds 'good not great'; online sales strong

PITTSBURGH/CHICAGO Retailers across the United States offered early Black Friday discounts to lure bargain-hunters on Thanksgiving eve, but initial checks showed crowds in brick-and-mortar stores were subdued even as online sales jumped.

World, 8:03am IST


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