Global 2023 economic view downgraded, at odds with market optimism
By Hari Kishan BENGALURU (Reuters) -Global economic growth is forecast to barely clear 2% this year, according to a Reuters poll of economists who said the greater risk was a…
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By Hari Kishan BENGALURU (Reuters) -Global economic growth is forecast to barely clear 2% this year, according to a Reuters poll of economists who said the greater risk was a…
By Leika Kihara TOKYO (Reuters) – The Bank of Japan could consider steps to allow bond yields to move more flexibly even before inflation durably hits its 2% target, the…
By Satoshi Sugiyama TOKYO (Reuters) -Suzuki Motor Corp will invest 4.5 trillion yen ($34.8 billion) through fiscal 2030 in research, development and capital spending to make battery electric vehicles (EVs),…
AMSTERDAM (Reuters) – The Dutch central bank (DNB) has fined U.S. cryptocurrency exchange Coinbase 3.3 million euros ($3.6 million) for failing to obtain the correct registration in the Netherlands before…
(Reuters) – The German unit of EY, formerly known as Ernst & Young, has decided to make structural changes with a focus on personnel measures and reductions of non-personnel costs,…
(Reuters) – Akio Toyoda, president and chief executive of Japan’s Toyota Motor Corp for nearly 14 years, will resign from the top job in April to become chairman, handing over…
(Reuters) – Provident Financial said on Thursday it was replacing its chief executive officer and renaming the company as the British subprime lender repositions itself as a specialist banking group.…
BERLIN (Reuters) – German inflation will remain high at the beginning of 2023 before easing over the course of the year, Economy Minister Robert Habeck said on Thursday. “We have…
By Heekyong Yang and Joyce Lee SEOUL (Reuters) – Hyundai Motor Co said on Thursday it expects to have solid backorder demand in major car markets and forecast robust growth…
(Reuters) -Spain’s unemployment rate rose to 12.87% in the fourth quarter of 2022 from 12.67% three months earlier, data from the National Statistics Institute showed on Thursday, pushing the number…
By Anne Kauranen and Supantha Mukherjee HELSINKI/STOCKHOLM (Reuters) – Nokia on Thursday beat quarterly operating profit expectations and forecast higher 2023 sales as the Finnish telecom equipment maker said it…
By Tejaswi Marthi (Reuters) – Bullish bets on the Singapore dollar and the Malaysian ringgit further consolidated to scale five-year highs as a fizzling U.S. dollar rally and China’s pivot…
By Katie Paul and Sheila Dang (Reuters) – Meta Platforms Inc said Wednesday it will reinstate former U.S. President Donald Trump’s Facebook and Instagram accounts in the coming weeks, following…
By Leika Kihara TOKYO (Reuters) – Bank of Japan policymakers were divided on prospects for achieving their 2% inflation target with some warning that it could take time for wages…
(Reuters) – Detroit? Nope. Germany? Nein. Elon Musk sees the toughest competition for Tesla in China, home of the company he expects “most likely to be second” in electric vehicles.…
ZURICH (Reuters) – Roche has launched a new PCR test to detect a fast-spreading sub-variant of the Omicron variant of Coronavirus, the Swiss drugmaker said on Thursday. The new test…
DUBAI (Reuters) – Emirates NBD, Dubai’s biggest lender, reported a 40% jump in 2022 net profit to 13 billion dirhams ($3.5 billion) on Thursday, helped by higher interest rates and…
ZURICH (Reuters) – Testing and inspection group SGS said it was aiming for organic growth in the mid-single digit percentage range this year after on Thursday reporting a 4.1% drop…
MEXICO CITY (Reuters) -Decoupling from the U.S. Federal Reserve’s monetary policy should be one matter for discussion for the Bank of Mexico’s governing board at its upcoming monetary policy meeting,…
A look at the day ahead in European and global markets from Ankur Banerjee While the European corporate earnings season still has a way to go, results so far have…
By Yew Lun Tian BEIJING (Reuters) -China’s Export-Import Bank of China (EXIM) has provided Sri Lanka with a debt extension, China’s foreign ministry said on Thursday, confirming a Reuters report…
BANGKOK (Reuters) – The Thai unit of Toyota Motor Corp <7203.T< expects its car sales in the Southeast Asian country to rise 7.3% to 310,000 vehicles this year, the company…
By Tetsushi Kajimoto TOKYO (Reuters) -Sharp one-sided currency moves cannot be tolerated, Japan’s top finance diplomat Masato Kanda told Reuters, reaffirming Tokyo’s determination to intervene in the foreign exchange market…
JAKARTA (Reuters) – Indonesia is formulating incentives for exporters to keep their foreign exchange earnings onshore for at least three months, the chief economics minister said on Thursday. Minister Airlangga…
(Reuters) -Twitter Inc will team up with digital ad verification companies Integral Ad Science and DoubleVerify Holdings Inc to provide advertisers tweet-level analysis on content appearing next to their ads,…