Japan’s Q1 GDP growth seen revised up on strong capex: Reuters poll
By Kantaro Komiya TOKYO (Reuters) – Japan’s economy likely grew more than initially estimated in the first three months of this year, thanks to solid investments by manufacturers, a Reuters poll showed.…
Chipmaker UMC cuts capex in readiness for prolonged downturn
By Sarah Wu TAIPEI (Reuters) – Taiwanese chipmaker United Microelectronics Corp (UMC) has cut this year’s planned capital expenditure by almost a fifth, it said on Wednesday, citing weakening consumer demand without…
Japan keeps warning on market volatility, raises view on capex in report
By Kantaro Komiya TOKYO (Reuters) – Japan reiterated a warning that “full attention” should be paid to market volatility in its monthly economic report published on Tuesday, following the government’s repeated market…
Japan’s Q2 GDP likely revised up on robust capex, outlook murky: Reuters poll
By Kantaro Komiya TOKYO (Reuters) – Japan’s economy likely expanded more than initially estimated in April-June thanks to solid business spending, a Reuters poll showed, but growth prospects in the current quarter…
Asian firms’ capex to shrink in 2023, first since ’15 – data
By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Asian companies will slow investment sharply this year, deterred by soaring interest rates and fears of deepening recession, and budgets will on average fall…
Brazil sees private infrastructure capex nearly doubling in 2022
BRASILIA – Brazil’s government sees private investments of 78 billion reais ($15 billion) in infrastructure this year, up 95% from 2021, the economy ministry forecast, supporting its expectations that economic growth will…
Shares of Continental Resources tank amid higher 2022 capex, lower output view
– Shares of independent shale driller Continental Resources fell more than 8% on Tuesday, outpacing declines in the broader energy complex, after the company’s 2022 spending outlook topped expectations and its output…
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