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Indian central bank likely intervenes to limit pressure on rupee, traders say

The Indian central bank likely intervened in the foreign exchange market to support the rupee on Wednesday, four traders told Reuters, as weakness in Asian currencies weighed on the currency after Iran said it won't meet with U.S. envoys.The rupee FX_IDC:USDINR was at 94.7225 per dollar as of 11:45…

Reuters en
Forex
reuters

Primark owner AB Foods still expects lower annual profit

Primark owner Associated British Foods LSE:ABF still expects annual profit to be below the prior year's outcome, it said on Wednesday, as it reported flat third quarter revenue.The group, which confirmed in April it plans to spin off the Primark fashion business from its food businesses, said Prima…

Reuters en
StocksGB
reuters

UK house prices flat in June, Nationwide data shows

British house prices were flat in June after a 0.6% drop in May, leaving them 2.2% higher than a year earlier, monthly figures from mortgage lender Nationwide Building Society showed on Wednesday.A Reuters poll of economists had forecast property prices to show no growth on the month and a year-on…

Reuters en
Economy
NEWS reuters

Russian manufacturing returns to growth for first time in over a year, PMI shows

Russia's manufacturing sector returned to growth in June for the first time in just over a year as output rose at its fastest pace since January 2025 and new orders stabilised, a business survey showed on Wednesday.The S&P Global Russia Manufacturing Purchasing Managers' Index (PMI) rose to 50.3 in…

Reuters en
Economy