News That Matters

Tag: INT

Rise in U.S. business equipment spending allays recession fears
Business

Rise in U.S. business equipment spending allays recession fears

Core capital goods orders increase 0.4% in JulyCore capital goods shipments rise 0.7%Durable goods orders unchangedPending home sales fall 1.0% in JulyWASHINGTON, Aug 24 (Reuters) - New orders for U.S.-manufactured capital goods increased in July, but the pace slowed from the prior month, suggesting a moderate rebound in business spending this quarter.The report from the Commerce Department on Wednesday also showed solid gains in shipments of these goods. While part of the rise was because businesses are spending more due to higher prices, the data was another sign that the economy continues to grow at a slow pace and was not in recession."The absence of a sustained decline in orders suggests that businesses are still investing despite tighter financial market conditions, a drop in sent...
Australia business activity booms in July, costs surge
Business

Australia business activity booms in July, costs surge

View of a construction site for a train station on the Sydney Metro, Australia July 22, 2021. REUTERS/Sam HolmesRegister now for FREE unlimited access to Reuters.comRegisterSYDNEY, Aug 9 (Reuters) - A measure of Australian business confidence rebounded in July as sales and profits held up surprisingly well in the face of rising interest rates and high inflation, though firms also reported record costs amid supply constraints.Tuesday's survey from National Australia Bank Ltd (NAB) (NAB.AX) showed its index of business conditions climbed 6 points to +20 in July, well above its long-run average.Its measure of confidence bounced 5 points to +7, reversing June's decline and leaving it just above the long-run average.Register now for FREE unlimited access to Reuters.comRegister"The strength i...