China property think tank apologises for high vacancy rate report

A Chinese property think tank owned by KE Holdings apologised on Thursday for sparking a heated public discussion with its report on rising housing vacancy rates in China, and that its assessment may not be sufficiently accurate.

newspaper

11-08-2022

Singapore downgrades Q2 GDP, outlook as risks grow

SINGAPORE (Reuters) -Singapore's economy expanded less than initially estimated in the second quarter and the government revised its growth projections for 2022 lower, flagging risks to the global outlook from the Ukraine war and inflation.

newspaper

11-08-2022

U.S. July budget deficit down 30% as COVID spending falls, revenues edge up

The U.S. government posted a $211 billion budget deficit for July, a 30% drop from the $302 billion deficit reported in the same month last year, as receipts grew slightly and COVID-19 relief spending fell sharply, the Treasury Department said on Wednesday.

newspaper

10-08-2022

U.S. wholesale inventories gain revised lower in June

U.S. wholesale inventories increased less than initially thought in June as businesses slowed the replenishment of their stocks as they continue to draw down on excess inventories amid softening consumer spending.

newspaper

10-08-2022

Low Rhine water levels threaten Germany's economic growth

BERLIN/LOBITH, Netherlands (Reuters) -Already bracing for recession and winter energy shortages, German businesses are grappling with the lack of another precious commodity: rain.

newspaper

10-08-2022