Production Fall News Today

In this week's edition: an Uzbek politician calls for pulling the plug on chauvinist Russian TV. Plus the end of Raimbek ‘Milliony’ in Kyrgyzstan, problems for the independent media in Kazakhstan, and more.

UK Consumers Cut Spending Amid Rising Mortgage Rates 1151 GMT - The latest U.K. consumer confidence survey by Bank of America shows that more consumers are cutting their spending amid rising...

The FTSE 100 index closed Tuesday up 0.6% to 7453 points, lifted by financial and oil-exposed stocks amid positive trading along the global markets. Ocado shares outperformed the blue-chip index,...

The FTSE 100 closed Thursday down 1.1%, as central bank rate hikes took a back seat to a renewed crisis in U.S. bank stocks, prompting additional losses in stocks. The Federal Reserve and the European Central Bank might go on hiking rates, but the rene... | 12:17pm

FTSE 100 Poised to Fall After Mixed Asia, US Losses 0630 GMT - The FTSE 100 looks set to open 28 points lower at 7760 after mixed trading in Asia and a lower close on Wall Street. Markets in mainland China and South Korea fall and Australian shares... | 02:53am

UK Mutual Firms Need to Prepare For Worsening Credit Conditions, Says BOE Official 1156 GMT - U.K. mutual firms need to take steps to be ready to support their clients and broader economic resilience in case credit conditions deteriorate, Bank of E... | 08:26am

FTSE 100 Falls as BAE Systems Drops; Shell, Next Rise 0808 GMT - The FTSE 100 drops 0.2%, or 18 points to 7770 as losses for a range of stocks after the U.S. Federal Reserve raised interest rates offset gains for companies reporting results. BAE Sy... | 04:25am

Sterling Rises to 11-Month High Versus Weak Dollar 0837 GMT - Sterling rises to an 11-month high of $1.2594 against a weaker dollar after the Federal Reserve raised interest rates but hinted that rates might have peaked, while U.S. banking sector c... | 05:01am

Shell Buyback Rate May Face Pressure as Economy Softens 0850 GMT - Shell shares rise 2% after reporting better-than-expected first-quarter earnings. Earnings in the period modestly exceeded market expectations driven, like most other oil companies ... | 07:17am

Spending up a little bit. gdp in the first half of the year was a little positive. but a recession is not a statistic. it is a process. when sales fall, which they have been easing quite dramatically, then production falls. when production falls, employment is weak which you have seen. incomes weak and then sales fall. we get in to a cycle. that cycle is what we see in our forward-looking indicators. that is starting so that when going forward, youre going to see production fall, you are going t...