Spain expects its economy to continue growing in 2023 – minister
MADRID – Spain’s government expects the Spanish economy to continue growing next year despite the impact of rising inflation and the war in Ukraine, Finance …
expects
Singapore Airlines expects to inch closer to pre-pandemic capacity by 2022-end
(Reuters) – Singapore Airlines Ltd (SIA) said it expects passenger capacity to reach about 81% of pre-pandemic levels by December as flyers rush to the …
Goldman Sachs expects over $1.2 billion losses from consumer unit this year – Bloomberg News
(Reuters) – Goldman Sachs Group Inc’s internal projections show the bank’s consumer unit will record losses of more than $1.2 billion this year, Bloomberg News …
Lufthansa expects flight operations to return to normal in 2023 – Welt
BERLIN – Lufthansa does not expect its global airline operations to return to normal until 2023 after staff shortages and booming demand amid the lifting …
United Airlines expects fuel prices to stay high over long-term, says CEO
DOHA – United Airlines expects fuel prices to stay high in the long-term, its chief executive said on Monday. Scott Kirby, speaking to reporters in …
Peru expects lower economic growth on impact of mine protests
LIMA – Peru’s economic growth will likely be slightly lower this year, according to a new central bank forecast on Friday following disruptions to major …
Russian lawmaker expects Google to stay in Russia
(Reuters) – The deputy head of the State Duma parliamentary committee on information policy, Anton Gorelkin, said on Thursday he expected Google would remain in …
Japan PM Kishida expects BOJ to stick to 2% inflation goal
By Tetsushi Kajimoto and Kantaro Komiya TOKYO -Japanese Prime Minister Fumio Kishida said on Wednesday he expected the Bank of Japan (BOJ) to stick to …
Citibank expects Swiss central bank to raise interest rates next week
LONDON – Citibank says it expects the Swiss National Bank to hike its key rate by 25 basis points when it meets next week. Swiss …
White House expects next inflation numbers to be elevated
ABOARD AIR FORCE ONE – The White House expects the next round of economic data to show elevated numbers on inflation, press secretary Karine Jean-Pierre …
Pakistan expects GDP growth to slow to 5% amid fiscal consolidation
By Asif Shahzad ISLAMABAD – Pakistan GDP growth will slow to 5% for the upcoming fiscal year beginning on July 1, from 5.9% in the …
Moscow expects big jump in profits from energy exports in 2022
(Reuters) -Russian Foreign Minister Sergei Lavrov on Saturday said Western sanctions would have no effect on the country’s oil exports and predicted a big jump …
Europe’s south expects over 150,000 migrant arrivals this year – minister
MILAN – Mediterranean countries on major migrant routes into Europe expect over 150,000 arrivals this year as food shortages caused by the Ukraine conflict threaten …
3M expects $300 million revenue hit from China COVID lockdowns
(Reuters) – Industrial conglomerate 3M CO on Wednesday warned of a $300 million hit to revenue in the current quarter as COVID lockdowns in China …
Nepal expects 5.8% growth as COVID-19 cases fall – minister
By Gopal Sharma KATHMANDU – Nepal’s economy is expected to expand by 5.8% in the current financial year ending mid-July, helped by a pick-up in …
Ukraine get missiles, howitzers as Zelenskiy expects good news on arms
(Reuters) -Ukraine has started receiving Harpoon anti-ship missiles from Denmark and self-propelled howitzers from the United States, arms that will bolster forces fighting Russia’s invasion, …
Dutch insurer NN Group expects to bring forward coal investment exit
By Jessica DiNapoli DAVOS, Switzerland – NN Group NV expects to accelerate its deadline to exit coal investments, now set at 2030, due to fears …
Exclusive – U.S. Republican Senator Toomey expects Barr to be confirmed to Fed
By Dan Burns DAVOS, Switzerland – Republican U.S. Senator Pat Toomey said Monday it is likely Michael Barr will be confirmed as the Federal Reserve’s …
Egypt expects Suez Canal revenues to hit $7 billion by end of fiscal year – minister
CAIRO – Egypt expects the Suez Canal’s revenues to reach about $7 billion by the end of the current fiscal year, finance minister Mohamed Maait …
Goldman Sachs expects one third of HY China property firms to default in 2022
LONDON – Goldman Sachs said on Friday it now expects around one third of high-yield China property firms to default in 2022, with stresses on …
J.P. Morgan upgrades Chinese internet stocks, expects uncertainties to abate
(Reuters) – J.P. Morgan analysts upgraded the stocks of some Chinese internet companies on Monday and the brokerage expects “significant uncertainties” faced by the sector …
China stats bureau expects economy to improve in May
BEIJING – China’s statistics bureau on Monday said it expects China’s economy to improve in May and that a recovery in consumption would quicken. China …
Egypt expects to reach a agreement with IMF ‘within months’
(Reuters) – Egypt expects to reach a new programme with the International Monetary Fund “within months”, Prime Minister Mostafa Madbouly said on Sunday in a …
Renault expects first hydrogen utility sales in Germany and Netherlands soon, executive says
PARIS – Renault hopes to receive first orders for its hydrogen-powered minibuses and vans from the Netherlands and Germany soon, the head of the company’s …
Cuervo parent Becle expects supply problems to persist, CEO says
(Reuters) – Mexican distiller Becle, better known as the parent company of the popular Jose Cuervo tequila brand, expects to see more supply chain problems …
Gazprom expects 4% fall in gas output in 2022
(Reuters) – Russia’s Gazprom expects about a 4% fall in gas output this year, Deputy Chief Executive Vitaly Markelov told an inhouse magazine on Thursday, …
Telefonica Brasil expects $1.09 billion of synergies with Oi deal
SAO PAULO – Telefonica Brasil said on Wednesday it estimates the assets acquired from Brazilian telecom Oi Movel will create 5.4 billion reais ($1.09 billion) …
Ecuador’s president expects oil prices to cut its fiscal deficit
By Alexandra Valencia QUITO – Ecuador could reduce this year’s fiscal deficit more than it predicted, if crude prices remain high and it is able …
Air Lease to write off jets stranded in Russia, expects $802 million in charges
(Reuters) – Air Lease Corp said on Friday it would write off the value of the 27 jets it has remaining in sanctions-hit Russia, a …
Brazil’s Multiplan CEO expects shopping center sector to surpass pre-pandemic levels
RIO DE JANEIRO – Brazil’s shopping mall sector is expected to grow 10% this year compared to 2019, before the COVID-19 pandemic, said Jose Isaac …
BMW’s CEO expects chip shortage to last into 2023
BERLIN – A shortage of semiconductors is likely to remain a problem for the auto industry into 2023, German carmaker BMW’s Chief Executive Oliver Zipse …
Russia Expects To Get Richer Despite Being Slapped With Western Sanctions
Russia Expects To Get Richer Despite Being Slapped With Western Sanctions Thomas Catenacci on April 5, 2022 The Russian government is projecting an increase of …
ECB expects to hike rates after ending bond buys in Q3: Schnabel
By Francesco Zecchini CERNOBBIO, Italy – The European Central Bank plans to raise interest rates some time after winding down its bond purchase programme in …
Spain expects Easter bounce to lift tourism to 80% of pre-COVID levels
MADRID – Spain expects international tourist arrivals to reach 80% of pre-pandemic volumes in the second quarter as northern Europeans shrug off concerns over the …
Syngenta expects Ukraine harvest to fall by a third
ZURICH – Swiss agrochemicals group Syngenta expects crops output in Ukraine to slump substantially this year, it said on Thursday, as it announced fourth-quarter results. …
Property developer China Vanke expects 2022 profit to stabilise
HONG KONG – China Vanke, the country’s No.2 property developer by sales, said on Thursday it expects its net profit to stabilise in 2022 after …
White House expects an influx of people to border if COVID-era policy is lifted
WASHINGTON – The White House expects an influx of people to the border if Title 42, which is a COVID-era order that has blocked over …
Goldman Sachs expects Hong Kong home prices to fall 20% by end-2025
HONG KONG – Goldman Sachs said Hong Kong residential property prices could drop as much as 20% through 2025, hurt by a drag on household …
Citi expects revenue in Brazil to grow 50% over the next 3 years
SAO PAULO – Citigroup Inc expects its revenue in Brazil to grow 50% over the next three years, the chief executive of its local unit …
Antofagasta expects high copper prices for next 12 months, CEO says
By Fabian Cambero SANTIAGO – The copper market has solid fundamentals despite current market volatility and will maintain high prices for at least the next …
Italy expects to sell Monte dei Paschi after restructuring
By Giuseppe Fonte and Valentina Za ROME – Rome expects to return Monte dei Paschi di Siena into private hands only after the bailed-out lender …
Indonesia expects fiscal pressure from high global fuel, food prices
JAKARTA – High global commodity prices have helped Indonesia book a strong fiscal position, but its budget will face pressure from inflationary shocks in coming …
El Salvador postpones bitcoin bond issue, expects better conditions
By Nelson Renteria SAN SALVADOR – El Salvador postponed an unprecedented issue of a bitcoin-backed bond planned for last week, as the government decided to …
BNY Mellon expects $100-million revenue hit in first quarter from Russia pullback
– Bank of New York Mellon Corp said on Thursday it has paused new banking business in Russia and expects a $100-million revenue impact in …
ECB expects core inflation to fade as energy prices level off: Lane
FRANKFURT – Much of the underlying inflation in the euro zone is a factor of high energy prices and will likely fade over time as …
Akzo Nobel expects its Russian plants to go out of business
AMSTERDAM – Dutch paints and coatings maker Akzo Nobel expects its four plants in Russia to be out of business within a few months due …
Ex-PBOC adviser expects China to cut rates further – China Securities Journal
SHANGHAI – China will further cut interest rates to stabilise the economy, as shrinking China-U.S. yield spreads won’t change Beijing’s monetary policy loosening bias, the …
New sustainability body expects voluntary adoption of norms at first
By Huw Jones LONDON – Companies in the United States and elsewhere will voluntarily use new global climate-related disclosures even if making them a mandatory …
TUI expects holiday bookings to rise towards 2019 levels
FRANKFURT – TUI, the world’s largest holiday company, is seeing a rise in holiday bookings towards pre-pandemic levels, the head of the group’s German business …
BMW halts export of cars to Russia, expects production interruptions
FRANKFURT – The German carmaker BMW said on Tuesday it had halted the export of cars to Russia and would stop production on the ground …