CAIRO, Nov 5( Reuters)-Egypt's non-oil private sector shrank for a 35th consecutive month in October as inflation, supply chain problems and a lack of access to foreign currency continued to bite into business activity, a survey showed on Sunday. The SP Global Purchasing Managers' Index( PMI) fell to 47.9 from 48.7 in September, sliding further below the 50.0 threshold that separates growth from contraction." The Egypt PMI pointed to the sharpest deterioration in non-oil business conditions for

BEIJING: The pickup in China’s manufacturing sector in December has raised more hopes that economic momentum may improve this year amid stronger policy support and abating cost pressure, experts say.“ Tax and fee cuts, the issuance of local government special bonds and supportive monetary and credit policies are poised to be ramped up at the beginning of the year, ” said Wen Bin, chief researcher at China Minsheng Bank.“ These measures, together with other cross-cyclical and counter-cyclical pol

TOKYO: Japan's Nikkei share average fell sharply on Thursday to hit a seven-month low following a report that Toyota Motor plans to slash its global output by 40% next month due to chip shortages. The report was the final straw for a market already struggling to shake off concerns that the fast-spreading Delta variant of COVID-19 could delay an economic recovery. The Nikkei fell 1.1% to 27, 281.17, plunging below its July trough to reach a level last seen in early January. The broader Topix lost

TOKYO: Japanese shares on Wednesday retreated from three-decade peaks hit in the previous session, as investors took profits after a strong rally over the last two weeks and Chinese regulatory concerns dragged SoftBank Group and property shares. The Nikkei average dropped 0.52% to 30, 511.71.... On Tuesday, it rose above its February peak to reach 30, 795.78, the highest level since August 1990.In a sign of strong sentiment, however, the Nikkei posted a" bullish candlestick", which appears when

BEIJING: China's factory activity unexpectedly picked up in November, growing for the first time in three months as raw material prices fell and power rationing abated, taking some pressure off a manufacturing sector grappling with soft demand. The official manufacturing Purchasing Manager's Index( PMI) was at 50.1 in November, up from 49.2 in October, data from the National Bureau of Statistics( NBS) showed on Tuesday. The 50-point mark separates growth from contraction.... Analysts had expect

China's factory activity unexpectedly picked up in November, growing for the first time in three months as raw material prices fell and power rationing abated, taking some pressure off a manufacturing sector grappling with soft demand. The official manufacturing Purchasing Manager's Index( PMI) was at 50.1 in November, up from 49.2 in October, data from the National Bureau of Statistics( NBS) showed on Tuesday.... The 50-point mark separates growth from contraction. Analysts had expected it to

SEOUL: South Korea will lower tariff rates on a total of 90 products next year to strengthen competitiveness of small businesses and stabilise prices of key materials, the finance ministry says, Yonhap reports. The number is higher than the 83 items subject to temporary tariff cuts under a tariff quota system this year, the news agency said, citing the ministry. These products include crude oil, liquefied natural gas, liquefied petroleum gas, sugar, corn, chicken eggs and materials needed to pro

It now expects the global economy to grow by 2.6%, having previously expected to see an expansion of 3.6%.... A reading above 50.0 points to an increase in activity. Many European countries rely heavily on Russia for energy supplies, including oil and natural gas that is transported through pipelines.... Energy prices had been rising in the months leading up to Russia’s invasion of its neighbor on Feb....