How to read U.S. economic data, without the spin
SAN FRANCISCO (Reuters) - As the United States gears up for presidential, congressional and local elections in November, the country's economy is also on a rollercoaster ride.
China posts first import growth since pandemic, exports also up
BEIJING (Reuters) - China's imports in June rose for the first time since the coronavirus crisis paralysed the economy, as government stimulus stoked demand for commodities, while exports, fuelled by medical goods, also rose in a sign the recovery is gaining traction.
UK economy could shrink 14% this year, budget forecasters say
LONDON (Reuters) - Britain's economy could shrink by more than 14% this year if there is lasting damage from the coronavirus, a scenario that would push government borrowing to nearly half a trillion dollars, budget forecasters said on Tuesday.
Euro zone industry output recovers less than expected
BRUSSELS (Reuters) - Euro zone industrial production rose in May, official estimates showed on Tuesday, but the recovery from lockdown-induced record declines March and April was lower than expected and far from offsetting past drops.
California's new lockdown dims outlook for U.S. growth in pandemic
(Reuters) - California Governor Gavin Newsom's decision Monday to reimpose restrictions on bars, restaurants, gyms and even ordinary office work to tamp down a surge of coronavirus infections is dimming economic growth prospects for the nation as a whole.
Pandemic knocks Singapore into recession as GDP plummets 41% in second quarter
SINGAPORE (Reuters) - Singapore's trade-reliant economy plunged into recession in the second quarter with a record contraction, signaling a rough first half globally and an equally challenging outlook as the coronavirus crisis exacts a heavy toll on business and demand.
Exclusive: Trump administration to soon end audit deal underpinning Chinese listings in U.S. - official
WASHINGTON (Reuters) - The Trump administration plans to soon scrap a 2013 agreement between U.S. and Chinese auditing authorities, a senior State Department official said, a move that could foreshadow a broader crackdown on U.S.-listed Chinese firms under fire for sidestepping American disclosure rules.
China's economy seen growing 2.5% in second quarter as lockdowns end, stimulus kicks in: Reuters poll
BEIJING (Reuters) - China's economy likely returned to modest growth in the second quarter after a record contraction, as lockdown measures ended and policymakers announced more stimulus to combat the shock from the coronavirus crisis, according to a Reuters poll.
India's auto sales volume will take 3-4 years to recover: industry body
BENGALURU (Reuters) - India's auto sales volume will take another 3-4 years to reach 2018 levels, an industry body executive said on Tuesday, as the coronavirus-induced lockdown hurt monthly revenue and increased pressure on a sector already reeling from poor demand.
Hedge fund manager Singh calls Trump's handling of coronavirus 'an incredible gift'
(Reuters) - President Donald Trump's handling of the coronavirus outbreak early this year was "an incredible gift" for investors because it kept markets stable long enough for some to protect their portfolios, Axon Capital co-founder Dinakar Singh told investors this month.