Massive Layoffs At Major New Jersey Corporations a Bad Look for Governor Murphy, Economy Touting Dems
TRENTON, N.J. — Thousands of jobs across New Jersey are set to be eliminated, according to Worker Adjustment and Retraining Notification (WARN) notices filed by major employers in the state. The layoffs,…
G20 watchdog says commodity market concentration poses threat to wider economy
By Huw Jones LONDON (Reuters) – The pandemic and war in Ukraine highlighted weaknesses in commodity markets where a ‘significant’ concentration of firms, banks, exchanges and clearing houses threatens to transmit losses…
Shopify sinks as investors worry over big spending in weak economy
By Nivedita Balu (Reuters) – Shares of Shopify Inc slid 16% on Thursday after the Canadian tech giant’s weak forecast for first-quarter revenue and higher cost projections amplified investor concerns over aggressive…
Thai economy recovering steadily, tourism to drive 2023 growth – Finance Minister
BANGKOK (Reuters) – Thailand’s economy is recovering slowly but steadily, boosted by a rebound in a vital tourism sector that will remain the key driver of growth this year, its finance minister…
IMF chief says markets have good reasons to be more upbeat on economy
DUBAI (Reuters) – The head of the International Monetary Fund (IMF) said on Monday that financial markets have good reason to be more upbeat, pointing to the U.S. economy likely avoiding recession…
Analysis: Shock of war hits a world economy at the crossroads
By Mark John (Reuters) – A year of war in Ukraine has already made a dent in world prosperity. But its deeper impact will be felt in how the conflict plays into…
Putin says Russian economy will grow in 2023 despite sanctions
(Reuters) – President Vladimir Putin on Thursday said Russia’s economy had overcome the worst effects of sanctions and was expected to show modest growth this year, despite what he said were attempts…
Colombia economy grew 7.9% in 2022, ahead of reduced growth this year: Reuters poll
By Nelson Bocanegra BOGOTA (Reuters) – Colombia’s economy will have grown significantly for the second consecutive year in 2022, but expansion will slow sharply this year on high interest rates and persistent…
Australian bank performance ‘as good as it gets’ as economy starts to cool
By Scott Murdoch and Lewis Jackson SYDNEY (Reuters) – A run of strong earnings and stock market outperformance at Australia’s “big four” banking giants is set to fade later in 2023, investors…
ALFREDO ORTIZ: Sunny Jobs Report Hides The Ugly Truth About Biden’s Economy
ALFREDO ORTIZ: Sunny Jobs Report Hides The Ugly Truth About Biden’s Economy Alfredo Ortiz on February 3, 2023 Is there more to the monthly Bureau of Labor Statistics jobs report than meets…
Indonesia’s economy likely lost some steam in Q4: Reuters poll
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – Indonesia’s economic growth likely slowed in the fourth quarter as declining commodity and energy prices hit exports, and a widely expected global recession could…
Fed’s Powell: If economy meets expectations, unlikely to see rate cuts this year
By Michael S. Derby (Reuters) – Federal Reserve Chair Jerome Powell pushed back on Wednesday on rising hopes that the U.S. central bank may be able to undue some of its interest…
Fed’s Powell: No one should assume Fed can protect economy in debt default
(Reuters) – Congress lifting the debt ceiling is the “only way forward” to allow the federal government to meet its obligations and no one should expect the Federal Reserve to be able…
Thai economy may grow 4% this year on tourism – deputy PM
BANGKOK (Reuters) – Thailand’s economy could grow as much as 4% this year, which would be the fastest rate in five years, bolstered by a rebound in the tourism sector and increased…
Russia to hold rates in Feb, economy seen contracting again in 2023- Reuters poll
By Alexander Marrow (Reuters) – The Bank of Russia will keep interest rates on hold at 7.5% next week as inflation remains above target, pushing the country’s economy to a second year…
Australia Dec retail spending nosedives in warning for economy
By Stella Qiu SYDNEY (Reuters) – Australian retail sales recorded the biggest drop in more than two years in December, as rising borrowing costs and sky-high inflation finally sank spending, an economic…
China’s 2022 fiscal revenue growth skids as COVID jolts economy
BEIJING (Reuters) – China’s fiscal revenue rose 0.6% in 2022 from a year earlier, slowing sharply from a 10.7% increase in 2021 due to huge tax rebates for businesses to support the…
Sri Lanka economy could shrink by -3.5% to -4%, president says
COLOMBO (Reuters) – Sri Lanka’s economy could contract by -3.5 or -4.0% in 2023 after shrinking -11% last year, President Ranil Wickremesinghe said on Saturday. “From 2024, we will take this economy…
Colombia’s economy has high growth potential but cannot ditch oil, mining -IDB
BOGOTA (Reuters) – Colombia’s economy has high growth potential, boosted by agriculture, tourism and interconnectivity between different economic sectors, but will continue to depend on its oil and mining industries, a high-ranking…
Brazil’s economy to stay weak amid doubts over Lula’s spending push: Reuters poll
By Gabriel Burin and Valentine Hilaire BUENOS AIRES/MEXICO CITY (Reuters) – Brazil’s slowing economy will likely remain weak in 2023 as a planned spending drive by newly-elected President Luiz Inacio Lula da…
Japan PM Kishida to pick new BOJ chief while monitoring economy
TOKYO (Reuters) – Prime Minister Fumio Kishida will make a decision on the next Bank of Japan (BOJ) governor while watching future economic trends, he said on Wednesday. Kishida will appoint the…
Mexican central banker says ‘it is clear’ economy is slowing
MEXICO CITY (Reuters) – Mexico’s economy is slowing, Bank of Mexico deputy governor Jonathan Heath said on Friday after official data showed economic activity shrank in November and December. Economic activity in…
JPMorgan expects smaller contraction in UK economy in 2023
(Reuters) – J.P.Morgan said the UK economy was expected to contract by 0.1% this year, revising it from the previously forecast 0.3% decline in the gross domestic product (GDP), buoyed by a…
PATRICE ONWUKA: It May Be Too Late For Cooling Inflation To Save The Economy
PATRICE ONWUKA: It May Be Too Late For Cooling Inflation To Save The Economy Patrice Onwuka on January 18, 2023 Inflation may finally be retreating as price increases on wholesale items continue…
North Korea calls for normalising factories, economy after COVID ‘upheaval’
By Hyonhee Shin SEOUL (Reuters) – North Korea’s parliament has outlined plans to normalise industrial production and meet its economic goals this year, despite the “worst-ever upheaval” amid the coronavirus pandemic in…
Mexican economy grew around 3% last year, fueled by tourism
MEXICO CITY (Reuters) – Mexico’s economy expanded by about 3% in 2022, Finance Minister Rogelio Ramirez de la O said in a statement on Tuesday, as Latin America’s No. 2 economy sought…
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