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China's Industrial Profit Growth Slows Amid Uneven Economic Recovery

China's Industrial Profit Growth Slows Amid Uneven Economic Recovery

China's industrial firms have experienced a slowdown in profit growth, with June figures showing a decrease to 15.1% from 21.1% in May. Despite resilient exports, domestic demand remains sluggish, contributing to an uneven economic recovery. The National Bureau of Statistics reports that first-half profits rose 18.7% year-on-year, slightly down from the January-to-May period. Persistent weaknesses in consumption and the property sector have led to the slowest quarterly growth in over three years, prompting calls for further policy support to address economic imbalances.
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European shares fall as mixed luxury company earnings weigh

European shares fall as mixed luxury company earnings weigh

By Purvi Agarwal, Tharuniyaa Lakshmi and Avinash P July 29 (Reuters) - European shares edged lower on Wednesday, as diverging results from French luxury groups weighed on the broader sector, while investors stayed on the sidelines ahead of the Federal Reserve's monetary policy decision and earnings
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European shares inch up as earnings boost counters banks, tech slide

European shares inch up as earnings boost counters banks, tech slide

By Purvi Agarwal and Tharuniyaa Lakshmi July 28 (Reuters) - European shares rose for a third day on Tuesday, led by consumer-focused stocks after strong results from Unilever, which helped offset declines in heavyweight banks and technology shares.
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German economy likely showed some resilience to war in Q2, Bundesbank says

German economy likely showed some resilience to war in Q2, Bundesbank says

FRANKFURT, July 28 (Reuters) - The German economy likely grew modestly in the second quarter, despite headwinds from the war in the Middle East, as its vast industrial sector remained relatively resilient and consumers kept spending, the Bundesbank said in a monthly report.
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S&P 500 down after Fed holds rates unchanged

S&P 500 down after Fed holds rates unchanged

By Noel Randewich July 29 (Reuters) - The S&P 500 stayed down on Wednesday after the Federal Reserve held interest rates steady, while AI-related chip stocks added to recent declines ahead of quarterly reports from Microsoft and Meta Platforms.
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Aston Martin keeps forecast, bets on Valhalla after wider-than-expected loss

Aston Martin keeps forecast, bets on Valhalla after wider-than-expected loss

(updates headline) By Prerna Bedi July 29 (Reuters) - Aston Martin kept its annual forecasts on Wednesday despite a wider-than-expected second-quarter loss, as the debt-laden luxury carmaker bets on sales of its Valhalla hybrid supercar, cost cuts and fresh funding to revive its fortunes.
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Wall Street closes down sharply after Fed holds rates unchanged

Wall Street closes down sharply after Fed holds rates unchanged

By Noel Randewich July 29 (Reuters) - Wall Street ended sharply lower on Wednesday after the Federal Reserve held interest rates steady, with AI-related chip stocks adding to recent declines ahead of quarterly reports from Microsoft and Meta Platforms.
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China's industrial profit growth moderates amid patchy recovery

China's industrial profit growth moderates amid patchy recovery

BEIJING, July 27 (Reuters) - Profits at China's industrial firms grew at a solid, though slower, pace, as resilient exports helped cushion sluggish domestic demand, highlighting the economy's uneven recovery despite policymakers' efforts to spur consumption.
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China's industrial profit growth moderates as exports cushion uneven recovery

China's industrial profit growth moderates as exports cushion uneven recovery

BEIJING, July 27 (Reuters) - Profits at China's industrial firms grew at a solid, though slower, pace as resilient exports helped cushion sluggish domestic demand, highlighting the economy's uneven recovery despite policymakers' efforts to spur consumption.
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India economic growth to slow sharply as weak investment, oil shock weigh: Reuters poll

India economic growth to slow sharply as weak investment, oil shock weigh: Reuters poll

By Vivek Mishra and Anant Chandak BENGALURU, July 28 (Reuters) - India's economic growth is expected to slow sharply this fiscal year from last year's robust expansion and recover only modestly the following year, a Reuters poll of economists found, as weak private investment and higher oil prices
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RBI to hold rates through 2026 as growth risks outweigh inflation: Reuters poll

RBI to hold rates through 2026 as growth risks outweigh inflation: Reuters poll

By Pranoy Krishna BENGALURU, July 27 (Reuters) - The Reserve Bank of India will keep its key interest rate unchanged at 5.25% in August and for the rest of the year, according to a Reuters poll of economists, as it assesses the impact of the Middle East war on the economy and price pressures.
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RBI to hold rates through 2026 as growth risks outweigh inflation

RBI to hold rates through 2026 as growth risks outweigh inflation

By Pranoy Krishna BENGALURU, July 27 (Reuters) - The Reserve Bank of India will keep its key interest rate unchanged at 5.25% in August and for the rest of the year, according to a Reuters poll of economists, as it assesses the impact of the Middle East war on the economy and price pressures.