By Priya Raman
Economist by training. Covers central banks, inflation, jobs data and the policy decisions that shape the cycle.
KKR's Japanese Tank Terminal Draws Bids from MBK, Actis, Bain Capital
KKR is selling Central Tank Terminal, a Japanese storage and logistics firm for oil and chemicals. Bidders include MBK Partners, Actis, and
Germany's Services Sector Shrinks for Third Month, Signaling Weak Demand
Germany's services sector contracted for a third straight month in June, with the PMI rising to 48.6 but still below the growth threshold. W
France's Services Sector Stays in Contraction as PMI Rises but Remains Below 50
France's services sector remained in contraction in June, with S&P Global's PMI rising to 46.8 but staying below the 50 growth threshold. We
Italy's Services Sector Returns to Growth as Cost Pressures Ease
Italy's services sector edged back into growth in June, with the PMI rising to 50.2 from 49.4, as input costs cooled. The data offers a glim
Turkey's June Inflation Eases to 32.11%, Opening Door for Central Bank Policy Shift
Turkey's annual inflation eased to 32.11% in June, matching forecasts and down from May. The softer reading could give the central bank room
Spain's Services Sector Rebounds Sharply in June as Domestic Demand Strengthens
Spain's services sector expanded at its fastest pace this year in June, with the PMI rising to 54.2. The rebound was fueled by stronger dome
South Africa's PMI Returns to Growth in June as Hiring Holds Up
South Africa's private-sector PMI edged back into expansion territory in June, rising to 50.5 as hiring held up and price pressures cooled.
India's Private Sector Growth Slows in June as Services Hit 17-Month Low
India's private sector growth cooled in June as the HSBC composite PMI slipped to 57.1, with services activity hitting a 17-month low and hi
Deutz Targets €1B in Energy Revenue as AI Data Centers Boost Backup Power Demand
Deutz, a German engine maker, sees its energy division reaching over €1 billion in revenue within five years, fueled by AI data centers' dem
New Zealand Households Boost Savings by NZ$2 Billion as Financial Pressure Eases
New Zealand households saved an extra NZ$2 billion in the March quarter, pushing the savings rate to 3.3% of disposable income, according to
Australia's Mining States Prop Up Economy as Consumer Spending Stalls
Australia's mining states kept the economy moving in the March quarter, but ANZ warns growth is cooling. Inflation hit 4.1% on fuel costs, w
UAE Non-Oil Economy Slows Sharply in June as PMI Drops and Hiring Freezes
The UAE's non-oil economy hit a soft patch in June as S&P Global's PMI slid to 50.8, barely above the expansion threshold. Companies cut sta