Senators demand emergency session over looming 37 percent health benefit hike for NJ public workers
New Jersey Senate Republicans are demanding an emergency legislative session to address a proposed 37% spike in public employee health premiums, warning of widespread consequences for taxpayers, municipalities, and school budgets if…
Hong Kong will not sell residential, commercial land this quarter amid slow demand
HONG KONG (Reuters) – Hong Kong said on Thursday it will not sell any residential or commercial land in the first three months of 2024, citing sluggish market sentiment and high vacancy…
UK borrowers increase demand for loans despite rate hikes
LONDON (Reuters) – Net borrowing by British consumers was the highest in nearly seven years in November and lenders approved the most mortgages since June, according to Bank of England data that…
Toyota’s global output surges to record in November on strong demand
TOKYO (Reuters) – Toyota Motor’s global production jumped 11% in November to a record level, bouncing back from last year’s supply chain disruptions and benefiting from robust demand both in Japan and…
China’s 2024 steel demand to fall 1.7%, exports to slow – state researcher
BEIJING (Reuters) – China’s steel demand in 2023 will decline by 3.3% from 2022 and contract a further 1.7% in 2024, a state researcher forecast on Friday, weighed down by a significant…
ESG funds suffer weaker demand despite help from tech-sector performance
By Ross Kerber, Tommy Wilkes and Isla Binnie BOSTON/LONDON/NEW YORK (Reuters) – Sustainable funds faced a sharp slowdown in demand globally in 2023 amid political controversy and concerns about “greenwashing,” even as…
India’s FY25 steel demand to be slower as elections loom – analysts, officials
By Neha Arora NEW DELHI (Reuters) – India’s steel demand will likely slow in the next financial year beginning March as a mammoth general election will delay government projects and infrastructure spending,…
China central bank resumes 14-day reverse repos to smoothen year-end cash demand
SHANGHAI (Reuters) – China’s central bank resumed injecting short-term cash through 14-day reverse repos for the first time in three months on Monday, as it steps up efforts to smoothen increasing year-end…
Dollarama lifts sales forecast on steady demand for discounted goods
(Reuters) -Dollarama lifted its annual sales forecast on Wednesday, encouraged by strong demand for its household essentials and groceries as inflation-hit consumers turned to discount stores. Consumers grappling with high interest rates…
China’s leaders pledge to spur domestic demand, economic recovery in 2024
BEIJING (Reuters) – China will spur domestic demand and consolidate and enhance the economic recovery in 2024, the Politburo, a top decision-making body of the ruling Communist Party, was quoted by state…
Fonterra hikes 2024 earnings, milk price outlook on strong demand
(Reuters) – New Zealand’s Fonterra Co-operative on Thursday increased its fiscal 2024 earnings and farmgate milk price forecasts, citing strengthening demand for reference commodity products from key importing regions. The company hiked…
Jack Daniel’s-maker Brown-Forman cuts annual sales forecast as demand softens
(Reuters) – Brown-Forman cut net sales forecast for 2024 on Wednesday as cost-conscious consumers looked at cheaper alternatives to the whiskey-maker’s more pricier brands in the United States, dragging the company’s shares…
China’s exports slump seen slowing as pockets of demand emerge- Reuters poll
By Joe Cash BEIJING (Reuters) – Declines in China’s exports likely slowed in November, a Reuters poll showed on Wednesday, amid mixed signs factories in the world’s second-largest economy may be finding…
AutoZone first-quarter profit rises 10% on strong parts demand
(Reuters) – Automotive parts retailer AutoZone on Tuesday posted a better-than-expected 10% rise in quarterly profit as demand for its Do-It-Yourself (DIY) kits benefited from more people maintaining their existing vehicles instead…
EXCLUSIVE: GOP-Led States Demand Major Firms Stop Backing Efforts To ‘De-Bank’ Conservatives
EXCLUSIVE: GOP-Led States Demand Major Firms Stop Backing Efforts To ‘De-Bank’ Conservatives Katelynn Richardson on December 4, 2023 Nearly two dozen state attorneys general signed onto a letter Wednesday demanding major firms…
Salesforce shares jump as strong cloud demand drives stellar results
By Chibuike Oguh NEW YORK (Reuters) – Salesforce Inc’s stock jumped by about 10% on Thursday to a nearly two-year high after the U.S. cloud and business software company reported stellar third…
Intuit beats first-quarter estimates on resilient demand for financial products
(Reuters) – Accounting software-maker Intuit on Tuesday beat Wall Street estimates for first-quarter profit and revenue, on resilient demand for its artificial intelligence infused products that help businesses manage their financial needs.…
Factbox-Airline staff seek new contracts amid booming travel demand
(Reuters) -North American pilots and flight attendants are pushing for better pay and working conditions during their talks over new job contracts with company managements. Members at some unions have voted to…
India to remain fastest-growing major economy, but demand uneven – Reuters poll
By Milounee Purohit and Devayani Sathyan BENGALURU (Reuters) – India’s economic expansion likely moderated but remained strong in the September quarter, supported by robust service activity and solid urban demand despite a…
Virgin Australia adds Boeing MAX-8 aircraft as demand stays buoyant
(Reuters) – Airline operator Virgin Australia on Friday said it has added six Boeing MAX-8 aircraft to further expand its fleet and meet travel demand, taking its total order for the planes…
Japan’s factory activity shrinks for 6th month on weak demand – PMI
TOKYO (Reuters) – Japan’s factory activity shrank for a sixth straight month in November, while modest growth in the service sector was little changed, a business survey showed on Friday, highlighting the…
US new vehicle sales to rise in November on strong demand – report
(Reuters) – New vehicle sales in the United States are expected to rise in November, a report from industry consultants showed on Wednesday, as demand for the latest models remains strong and…
Goldman Sachs execs see steeper Treasuries curve, softer demand
By Lananh Nguyen and Davide Barbuscia NEW YORK (Reuters) – Goldman Sachs expects the U.S. Treasuries curve to steepen in the long term, driven by rising fiscal spending, top executives said. “Fiscal…
American Eagle raises annual revenue forecast on strong holiday-season demand
(Reuters) – American Eagle Outfitters on Tuesday raised its annual revenue forecast, in a sign that demand for its apparel and accessories remained steady ahead of the crucial holiday season. The company…
Structural demand for US debt strong despite bond market volatility – Moody’s
(Reuters) – The structural demand for U.S. debt which underpins the dollar-based global financial system remains strong against the backdrop of recent Treasury market volatility, Moody’s Investors Service said on Monday. The…
US demand for new credit down in 2023, New York Fed survey shows
By Michael S. Derby NEW YORK (Reuters) – Demand for new credit in the U.S. over the last year has declined and will likely stay soft in the future, according to a…
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