By William Schomberg and David Milliken LONDON (Reuters) -Britain’s economy shrank in the three months to September at the start…
Bank of Spain urges lenders to preserve capital as risks mount
By Jesús Aguado MADRID (Reuters) -Spanish banks need to preserve capital and keep a lid on mortgage loan costs to…
India’s Sept industrial output rose 3.1% y/y – govt
NEW DELHI (Reuters) – India’s annual industrial output rose 3.1% year-on-year in September, government data showed on Friday. Analysts polled…
Money leaves US equity funds for first time in four weeks
(Reuters) – U.S. equity funds saw money outflows for the first time in four weeks in the week to Nov.…
China proposes new rules on banking sector bankruptcy
BEIJING (Reuters) – China’s banking institutions could apply to a court to be declared bankrupt under rule amendments proposed by…
Mexico Sep industrial production falls 0.2 pct vs Aug
MEXICO CITY, Nov 11 (Reuters) – Mexican industrial output fell 0.2 percent in September from August and was 3.9 percent…
BoE will need to raise rates to 4.75% to bring down inflation – NIESR
LONDON (Reuters) – The Bank of England will probably need to raise interest rates to 4.75% in order to bring…
Pfizer’s India arm posts profit jump on lower costs, price hikes
BENGALURU – Pfizer Ltd, the Indian arm of U.S. pharma giant Pfizer Inc, reported a rise in second-quarter profit on…
Chinese refiners seek less Saudi crude as demand weak
By Muyu Xu SINGAPORE (Reuters) – Several Chinese refiners have asked Saudi Aramco to reduce December-loading crude oil volumes, two…
EU says Hungary made ‘significant step’ to get recovery funds – source
By Gabriela Baczynska BRUSSELS (Reuters) – Hungary made a “significant step” towards securing billions in economic stimulus funds by accepting…