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Indian central bank holds rates as expected, taking comfort in still-modest inflation

Indian central bank holds rates as expected, taking comfort in still-modest inflation

MUMBAI, August 5 (Reuters) - The Reserve Bank of India kept its policy repo rate unchanged at 5.25% on Wednesday, as it awaits data to judge if higher oil prices are stoking inflationary pressures across Asia's third largest economy.
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Factories faced weaker demand, higher costs in July as Iran war grinds on

Factories faced weaker demand, higher costs in July as Iran war grinds on

By Jonathan Cable LONDON, Aug 3 (Reuters) - Manufacturing activity in China slowed in July as the 5-month-long war in the Middle East delivered weaker demand and elevated costs for the exporting powerhouse — a situation mirrored across much of Europe — surveys showed on Monday.
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Spanish manufacturing inches back to growth in July, PMI shows

Spanish manufacturing inches back to growth in July, PMI shows

Aug 3 (Reuters) - Spain's manufacturing sector returned to marginal growth in July, even as output and new orders fell again amid market uncertainty and Middle East-related supply disruption, a business survey showed on Monday.
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Japan's services growth slows amid cost pressures, PMI shows

Japan's services growth slows amid cost pressures, PMI shows

TOKYO, Aug 5 (Reuters) - Japan's services sector expanded at a slower pace in July as demand weakened and firms grappled with intense cost pressures, leading to the hottest inflation in selling prices since April 2014, a private survey showed.
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Canadian factory PMI rises to four-year high on firmer domestic demand

Canadian factory PMI rises to four-year high on firmer domestic demand

By Fergal Smith TORONTO, Aug 4 (Reuters) - Canada's manufacturing sector expanded in July at the fastest pace in more than four years as rising domestic activity boosted production and new orders, but weak international demand raised doubt over the sustainability of the increase.
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Spotify's higher spending on marketing, AI features to hit profit

Spotify's higher spending on marketing, AI features to hit profit

By Jaspreet Singh Aug 4 (Reuters) - Spotify said higher marketing and development costs would hurt its profit in the current quarter as the Swedish music-streaming giant bets heavily on features powered by AI to attract users.
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Marvell Technology to Invest $250 Million in India for AI and Semiconductor Development

Marvell Technology to Invest $250 Million in India for AI and Semiconductor Development

Marvell Technology to Invest $250 Million in India for AI and Semiconductor Development
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Russia's manufacturing growth hits 18-month high, PMI shows

Russia's manufacturing growth hits 18-month high, PMI shows

MOSCOW, Aug 3 (Reuters) - Russia's manufacturing sector expanded at its quickest pace in 18 months in July as stronger domestic demand lifted output and new orders, a business survey showed on Monday.
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India's central bank holds rates, awaits clearer inflation signal before acting

India's central bank holds rates, awaits clearer inflation signal before acting

By Jaspreet Kalra and Abinaya V MUMBAI, Aug 5 (Reuters) - The Reserve Bank of India kept its policy repo rate unchanged at 5.25% on Wednesday, as it awaits data to judge if higher oil prices are stoking inflationary pressures across Asia's third largest economy.
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India's July factory growth near five-year low on weaker demand, PMI shows

India's July factory growth near five-year low on weaker demand, PMI shows

BENGALURU, Aug 3 (Reuters) - India's manufacturing sector expanded at its slowest pace in nearly five years in July as overall demand remained soft while a third consecutive month of slowing job creation also signalled a loss of momentum, a survey showed.
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India central bank to stay on hold even as peers pivot to rate hikes

India central bank to stay on hold even as peers pivot to rate hikes

By Jaspreet Kalra MUMBAI, Aug 3 (Reuters) - India's central bank is expected to keep interest rates unchanged this week, diverging from many of its global peers as inflation remains modest despite higher global oil prices while steps to support the rupee drive strong inflows.
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China factory growth slows to 4-month low in July, survey shows

China factory growth slows to 4-month low in July, survey shows

By Liangping Gao and Ryan Woo BEIJING, Aug 3 (Reuters) - China's manufacturing sector expanded at its slowest pace in four months in July, as output and new orders rose more slowly, while export orders returned to growth after a contraction, a private-sector survey showed on Monday.