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UK factories boom on exports boost

  Bloomberg U.K. factories had their best month in more than two years in September as the weaker pound sent export orders surging. IHS Markit’s monthly Purchasing Managers Index jumped to 55.4 from 53.4 in August, capping the industry’s best quarter this year. The reading, the highest since June 2014 and far above economists’ forecast for 52.1, pushes the index ...

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German economy minister hits out at Deutsche Bank

  Frankfurt / AFP German Economy Minister Sigmar Gabriel on Sunday lashed out at Deutsche Bank’s handling of its troubles, saying “irresponsible” managers had put thousands of jobs at risk. “I don’t know whether to laugh or cry that the bank, which turned speculation into a business model, is now calling itself a victim of it,” Gabriel told reporters, after ...

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Portugal PM slashes growth forecast

  Lisbon / AFP Portugal’s economy will grow by just over one percent this year, Prime Minister Antonio Costa said in an interview published Monday, lowering his government’s initial estimate of 1.8 percent growth. “Everything indicates we will have growth above one percent,” he told daily newpspaper Publico, before adding that the expansion of the economy would not be “much ...

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