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Kenya private sector activity picks up in June, PMI shows

Kenya's private sector activity picked up in June, breaking a run of three previous monthly contractions, a survey showed on Friday.The Stanbic Bank Kenya Purchasing Managers' Index rose to 50.0 in June from 46.6 a month earlier. Readings above 50.0 indicate growth in business activity, while those…

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Economy
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Japanese firms agree average 5.01% pay hikes, top union group's final tally shows

Japanese companies logged another year of big pay hikes, the nation's largest labour union group said, signalling that sustained pay increases are becoming firmly entrenched to support the world's fourth-latest economy.The final tally of annual labour talk results showed Japanese companies have agr…

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Economy
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Ukraine's grain exports fall 8.4% to 37.2 million tons in 2025/26

Ukrainian grain exports fell 8.4% to 37.2 million metric tons in the 2025/26 July-June season from 40.6 million tons in 2024/25, the deputy economy minister told Reuters on Friday.Ukraine is a major grain grower and exporter. However, the country faced a decline in both grain production and exports…

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Economy
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ECB's Lagarde says she can't rule out early departure

European Central Bank President Christine Lagarde said it was still possible she could leave before her term ends in late 2027 to weigh in on French politics in the run up to next year's presidential election.Responding to a question from French newspaper Les Échos whether she would rule out leavin…

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Economy
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Australia clears Sportsbet after anti-money laundering remediation

Australia's financial crime watchdog said on Friday that online betting firm Sportsbet had completed required improvements to its anti-money laundering controls after it admitted serious deficiencies two years ago.The Australian Transaction Reports and Analysis Centre accepted the company's remedia…

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Turkish June monthly inflation at 0.99%, matches forecast

Turkish consumer price inflation stood at 0.99% month-on-month in June, while the annual figure was 32.11%, data from the Turkish Statistical Institute showed on Friday.In a Reuters poll, monthly inflation was forecast to be 0.99%, with the annual rate seen at 32.1%, as continued uncertainty around…

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Economy
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South Africa private sector returns to growth as inflation eases, PMI shows

South Africa's private sector returned to marginal growth in June as easing price pressures helped offset a second straight monthly decline in output and new orders, a business survey showed on Friday.The S&P Global South Africa Purchasing Managers' Index (PMI) rose to 50.5 in June from 49.6 in May…

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Economy
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Spain services growth hits 2026 high in June, PMI shows

Spain's services sector expanded at its strongest pace this year in June as activity and new business rebounded on stronger domestic demand, a business survey showed on Friday.The Spain Services PMI Business Activity Index rose to 54.2 in June from 50.1 in May, according to the survey by S&P Global…

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Economy