BEIJING: China's factory gate inflation in July rose at a faster clip from the previous month and exceeded market expectations, adding to strains on an economy losing recovery momentum as businesses struggle with high raw material costs. The world's second-biggest economy is on track to expand more than 8% this year but analysts say pent-up coronavirus demand has peaked and forecast growth to moderate amid supply chain bottle necks and outbreaks of the Delta variant of COVID-19. The producer pri

BEIJING( Reuters)-Some Chinese banks have sped up the disbursement of home loans in some cities, a relief to cash-strapped developers anxious to complete sales, but no wave of new credit is being unleashed just yet amid a heavy regulatory push to deleverage the sector. Authorities do not want genuine buyers to be shut out of the market or developers to face delays in receiving payments due to slow loan disbursements in a market whose health is key to the economy. Disbursement has also picked up

The widely followed inflation gauge rose 1% from a month earlier, topping all estimates.... That raises the risk of a recession, which some economists already saw as likely next year. Two-year Treasury yields jumped, stock futures fell and the dollar rose after the report.... Energy prices climbed 34.6% from a year earlier, the most since 2005, including a nearly 49% jump in gasoline costs....

It was their fastest pace of increase since June. Rapid money supply growth over the last two years has helped prices to climb rapidly and the currency to lose almost half its value against the U.S. dollar since March 2022.... Many Egyptians have seen their living standards slide.In September food and beverages climbed month-on-month by 3.6%, with vegetable prices surging by 19.2%, fruits by 5.4%, dairy products by 5.4% and sugar items by 2.9%, Sandeep added. Seeking to fight food inflation, th

JAKARTA; Indonesia's annual inflation rate accelerated more than expected in March to 3.05%, the quickest since August 2023, amid rising demand during the fasting month of Ramadan, data from the statistics bureau showed on Monday.A Reuters poll of economists had expected an inflation rate of 2.91% in March.... The February annual inflation rate was 2.75%. The rate remained within the central bank's 2024 target range of 1.5% to 3.5%.... Bank Indonesia has said inflation would likely stay within

Activity in South Korea's factories expanded at the fastest pace in three months in December but the economy struggled to gather momentum as rising global coronavirus cases and continued supply constraint weighed on production and overseas demand. The IHS Markit purchasing managers' index( PMI) for the final month of the year rose to 51.9 from 50.9 in November, remaining above the 50 threshold that indicates expansion in activity for a 15th consecutive month. The survey on Monday showed output c

People shop during a New Year sale at a department store in Fukuoka's Hakata Ward on Jan.... The pace of increase in November equals that logged in October 2020 and marks the biggest since June 2020.... Despite the fast growth, the office maintained its assessment that the domestic economy is" weakening" for the third straight month, based on its latest three-month moving average....

softened, but remained elevated by historical standards.... The rate of inflation quickened to a three

quickens.In a statement, IATA said industry losses are expected to reduce to less than US$ 9. 7bil( RM

its global rivals quicken their pace to build hypersonic weapons – the next generation of arms that