Thai exports beat forecast in June on high global demand, weak baht
BANGKOK – Thailand’s customs-based exports rose by a more than expected 11.9% in June from a year earlier, helped by increased global demand as well as a weak baht, the…
BANGKOK – Thailand’s customs-based exports rose by a more than expected 11.9% in June from a year earlier, helped by increased global demand as well as a weak baht, the…
MADRID – Spain raised its inflation forecasts for 2022 and 2023 and lowered its economic growth target for 2023, Economy Minister Nadia Calvino said on Tuesday, citing the war in…
BRASILIA – Brazil’s government projected a lower primary budget deficit this year, official figures showed on Friday, with a booming tax collection helping to improve the short-term fiscal balance. The…
KUALA LUMPUR – Malaysia’s consumer price index (CPI) rose 3.4% from a year earlier in June, government data showed on Friday. The rise was more than the 3.1% growth forecast…
TOKYO – The Bank of Japan raised its inflation forecast on Thursday, but maintained ultra-low interest rates and warned of risks to the economic outlook in a sign it will…
TOKYO – Japan’s Fast Retailing, the owner of clothing brand Uniqlo, posted record quarterly profit on Thursday, as the weaker yen and strong sales in the United States made up…
OTTAWA, July 13 (Reuters)- The Bank of Canada on Wednesday said its consistent underestimation of inflation since the spring of last year has been mostly due to global shocks that…
OTTAWA, July 13 (Reuters)- The Bank of Canada on Wednesday dramatically upped its near-term inflation forecasts and said there was an increased risk of higher price gains becoming entrenched, as…
BERLIN – Austria’s economic recovery is losing steam, the WIFO institute said on Thursday, even as its outlook for 2022 improved. Austrian gross domestic product is expected to grow by…
(Reuters) – Cox Automotive on Tuesday lowered its U.S. auto sales forecast for 2022, as analysts at both Cox and Carmax-owned Edmunds.com said continued supply chain disruptions will leave dealers…
KUALA LUMPUR – Malaysia’s consumer price index (CPI) rose 2.8% from a year earlier in May, government data showed on Friday. The rise was more than the 2.6% expansion forecast…
SINGAPORE – Singapore’s key consumer price gauge rose in May at its fastest pace in more than a decade, driven by higher inflation for food and utilities, official data showed…
(Reuters) – European food delivery companies will be forced to slash their forecasts in the second half of the year as record-high inflation and rising borrowing costs take a toll…
(Reuters) – Goldman Sachs maintained its $6.80/$5.60 Henry Hub and 89/86 EUR/MWh TTF Sum22/Win22-23 price forecasts after the Freeport LNG outage, noting that the duration of the outage would be…
By Andrea Shalal, Trevor Hunnicutt and David Lawder WASHINGTON – U.S. Treasury Secretary Janet Yellen faces a gauntlet of tough questions about how the Biden administration has handled the economy…
BUENOS AIRES – Analysts consulted by Argentina’s central bank raised their inflation estimate for the South American country for 2022 to 72.6%, 7.5 percentage points above the previous month’s forecast,…
GENEVA – Austria’s WIFO economic institute plans to raise its inflation forecast for this year to 6.5% from 5.8% seen in March due to higher energy prices, the institute’s chief…
By Satawasin Sta[censored]charnchai BANGKOK – Thailand’s exports in April rose at a much slower pace than the previous month and less than expected, commerce ministry data showed on Friday, coming…
LONDON – U.S. investment bank JPMorgan cut its China full-year growth forecast from 4.3% to 3.7% on Monday, saying a deeper-than-expected contraction was now likely this quarter due to the…
(Reuters) – Swedish electric-vehicle maker Polestar cut its 2022 delivery forecast by 15,000 units to 50,000 vehicles on Thursday, hit by COVID-19 lockdowns in China. “The reduction for 2022 is…
(Corrects figures in first paragraph to 3.5%-4.5% from 3%-4% and to 4%-5% from 3.5%-4.5%) BELGRADE – Serbia’s central bank on Wednesday cut its 2022 growth forecast to 3%-4% from 3.5%-4.5%…
By Rajesh Kumar Singh CHICAGO – United Airlines Holdings Inc on Monday raised its revenue estimate for the current quarter despite trimming capacity, underscoring a booming travel demand. The Chicago-based…
By Nelson Bocanegra BOGOTA – Colombia’s economy could have grown by 7.5% in the first quarter of 2022 versus the year-earlier period, mainly boosted by domestic consumption, though this will…
COPENHAGEN – Denmark’s economy could grow as much as 3.4% this year despite the negative effects of the war in Ukraine and record high inflation, the finance ministry said on…
MILAN – Italian luxury group Moncler is confident it can meet analyst expectations that sales will reach 2.4 billion euros ($2.53 billion) this year despite a new round of lockdowns…