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SINGAPORE | World markets fall on Brexit troubles, Chinese data

SINGAPORE— European and Asian indexes wobbled on Friday after British Prime Minister Theresa May failed to get assurances for a Brexit divorce deal at an EU summit in Brussels. China reported weaker-than-expected economic data, stirring up worries about the state of the world’s second largest economy. KEEPING SCORE: In Europe, Germany’s DAX declined 1.5 percent … Continue reading SINGAPORE | World markets fall on Brexit troubles, Chinese data

WASHINGTON | US wholesale prices rise 0.1 pct., a sign inflation in check

WASHINGTON— U.S. wholesale prices barely rose last month as a sharp decline in the cost of gas offset pricier freight trucking services and mobile phone plans. The Labor Department said Tuesday that the producer price index — which tracks cost changes before they reach the consumer — increased 0.1 percent in November from the previous … Continue reading WASHINGTON | US wholesale prices rise 0.1 pct., a sign inflation in check

BEIJING | China’s exports weaken amid US tariff battle, cooling demand

BEIJING — China’s exports decelerated in November amid a tariff battle with Washington and cooling global demand. Customs data on Saturday showed shipments to the United States rose by a relatively robust 12.9 percent over a year ago to $46.2 billion, down from October’s 13.3 percent. Overall, China’s global exports rose 5.4 percent to $227.4 … Continue reading BEIJING | China’s exports weaken amid US tariff battle, cooling demand

LONDON | UK’s key services sector barely growing amid Brexit concern

LONDON— New data shows that Britain’s huge services sector is struggling in the face of Brexit. A closely watched survey from financial data firm IHS Markit and the Chartered Institute of Procurement and Supply shows that activity in the services sector was at its lowest since July 2016, just after the country voted to leave … Continue reading LONDON | UK’s key services sector barely growing amid Brexit concern

LONDON | Eurozone inflation eases as oil prices slump

LONDON — The recent fall in oil prices has pushed down inflation across the 19-country eurozone, official figures showed Friday in a development that makes it even less likely that the European Central Bank will start raising interest rates anytime soon. Eurostat, the European Union’s statistics office, says consumer prices rose 2 percent in the … Continue reading LONDON | Eurozone inflation eases as oil prices slump

WASHINGTON | US home prices rise more slowly amid weaker sales

WASHINGTON— U.S. home prices increased more slowly in September from a year ago as higher mortgage rates weighed on sales. The S&P CoreLogic Case-Shiller 20-city home price index rose 5.1 percent from a year earlier. That’s down from a 5.5 percent yearly gain in the previous month. It was the sixth straight month that home … Continue reading WASHINGTON | US home prices rise more slowly amid weaker sales

WASHINGTON | US industrial production ticks up 0.1 percent in October

WASHINGTON— U.S. industry expanded slightly in October, with manufacturing growth offsetting declines in mining and utility production. Industrial production ticked up a modest 0.1 percent, the fifth straight monthly gain, following a 0.2 percent advance in September and a sizable 0.8 percent advance in August, the Federal Reserve reported Friday. The Fed said that recent … Continue reading WASHINGTON | US industrial production ticks up 0.1 percent in October

WASHINGTON | US industrial production grew modest 0.1 percent in October

WASHINGTON— U.S. industry expanded as a slower pace in October, with manufacturing growth offsetting declines in mining and utility production. The Federal Reserve says that industrial production rose a modest 0.1 percent last month following a 0.2 percent advance in September and a sizable 0.8 percent advance in August. The Fed says that recent hurricanes … Continue reading WASHINGTON | US industrial production grew modest 0.1 percent in October