NJ weekend forecast promises ideal beach weather at the Jersey Shore
Atlantic City, NJ – The sun will take center stage this weekend at the Jersey Shore, setting up a stretch of weather made for boardwalk strolls, beach chairs, and ocean dips. Today…
Ecuador central bank cuts 2023 growth forecast due to lower oil exports
QUITO (Reuters) – Ecuador’s central bank on Friday cut the Andean country’s economic growth forecast for the year to 2.6%, from 3.1%, citing the impact of reduced oil exports, and said economic…
Morgan Stanley raises 2023 euro area GDP growth forecast to 0.8%
(Reuters) – Morgan Stanley on Friday raised its 2023 euro area economic growth forecast by 20 basis points to 0.8% on the back of better-than-expected economic data. Morgan Stanley said the European…
Thai Feb factory output down 2.71% y/y, slightly better than forecast
BANGKOK (Reuters) – Thailand’s manufacturing production index (MPI) in February dropped by 2.71% from a year earlier, as slowing global demand hurt exports, the industry ministry said on Wednesday. The figure compared…
Malaysia central bank maintains 2023 growth forecast amid global slowdown
By Rozanna Latiff KUALA LUMPUR (Reuters) – Malaysia’s central bank on Wednesday maintained its economic growth forecast for 2023 at 4% to 5%, saying that improved domestic conditions will likely offset risks…
Goldman Sachs lowers euro zone growth forecast; sees no growth for UK
(Reuters) – Goldman Sachs lowered its 2023 economic growth forecast for the euro zone on Monday, citing ongoing stress in the global banking system and an increase in economic uncertainty. The investment…
Taiwan Feb export orders miss forecast, China a big drag
TAIPEI (Reuters) – Taiwan’s export orders in February shrank for a sixth straight month, though at a slower pace, dragged down by China and as global demand continued to be squeezed by…
Goldman Sachs cuts U.S. GDP forecast after banking crisis
(Reuters) – Goldman Sachs on Wednesday lowered its forecast for fourth-quarter U.S. gross domestic product (GDP) growth, citing risks to the lending environment as smaller banks pull back on loans to preserve…
UK economy forecast to contract by 0.2% in 2023
LONDON (Reuters) – Britain’s economy is forecast to contract by 0.2% in 2023, finance minister Jeremy Hunt said on Wednesday, citing the latest projections from the Office for Budget Responsibility (OBR). The…
Ukraine economy ministry cuts 2023 GDP growth forecast to 1% – Interfax
KYIV (Reuters) – Ukraine’s economy ministry has lowered its GDP growth forecast for 2023 to 1%, the Interfax Ukraine news agency quoted a deputy minister as saying on Monday. The ministry had…
Malaysia’s Jan CPI rises 3.7% on-year, in line with forecast
KUALA LUMPUR (Reuters) – Malaysia’s consumer price index (CPI) in January rose 3.7% from a year earlier, government data showed on Friday. The rise was in line with the forecast made by…
CoStar ends talks to buy Move Inc, posts weak profit forecast
(Reuters) -CoStar Group said on Tuesday it was no longer in talks to buy Realtor.com owner Move Inc from News Corp and forecast disappointing first-quarter revenue that sent its shares down 15%…
Heavy rains forecast for cyclone-hit areas of New Zealand
By Lewis Jackson (Reuters) – Parts of cyclone-stricken New Zealand could see heavy rains from Thursday as relief and recovery efforts continue and tens of thousands remain without power after Cyclone Gabrielle…
Malaysia’s Jan exports rise 1.6% y/y, below forecast
KUALA LUMPUR (Reuters) – Malaysia’s exports rose 1.6% from a year earlier in January, slower than expected, government data showed on Monday. January’s exports had been forecast to expand 7.4%, according to…
Deutsche Bank increases U.S. terminal rate forecast
LONDON (Reuters) – Deutsche Bank has raised its forecasts for where U.S. interest rates will end up, as latest inflation numbers suggested the Federal Reserve would need to tighten monetary policy further.…
Supplier Howmet offers conservative jet production forecast for 2023
(Reuters) – Supplier Howmet Aerospace Inc on Tuesday offered a conservative outlook for narrowbody jet production at top planemakers Boeing Co and Airbus SE. Shares of the company, one of the main…
Australia’s Aurizon cuts earnings forecast on prolonged wet weather
(Reuters) – Australia’s Aurizon Holdings on Monday reported a 34% fall in its first-half underlying profit and slashed its annual core earnings forecast, as prolonged wet weather and a derailment dented the…
Finnish insurer Sampo misses profit forecast in volatile market
(Reuters) – Finnish insurer Sampo on Friday reported a bigger-than-expected drop in fourth-quarter earnings citing challenging capital markets environment, sending its shares falling more than 5%. The group’s profit before tax fell…
Equinor raises energy trading forecast on volatility, flexibility
By Nora Buli LONDON (Reuters) – Norway’s Equinor raised its energy trading division’s outlook on Wednesday, saying it expects the business to profit from a more flexible asset portfolio and market volatility.…
Fitch raises China’s growth forecast to 5% for 2023
(Reuters) – Rating agency Fitch has revised its forecast for China’s economic growth in 2023 to 5.0% from 4.1% previously as consumption and broader activity are recovering faster thaninitially anticipated after the…
Bank of Mexico 25 basis points hike expected amid forecast inflation rise: Reuters poll
By Noe Torres MEXICO CITY (Reuters) – The Bank of Mexico is expected to hike its benchmark interest rate to a record 10.75% on Thursday, amid a forecast increase in January inflation…
Goldman Sachs raises emerging markets equities forecast
(Reuters) – Goldman Sachs on Thursday revised its forecast for emerging market equities upwards as it sees the developing world benefiting from the reopening of China’s borders, improving European growth prospects and…
Fed’s Powell: Possible fed could raise rates beyond December forecast
NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday he is not fully sure where the central bank will stop with rate rises as it presses forward with its…
Italy Jan EU-harmonised CPI eases to 10.9% y/y, slightly below forecast
Feb 1 (Reuters) – Italian EU-harmonised consumer prices (HICP) fell a preliminary 1.3% month-on-month in January, with annual inflation slowing to 10.9% from 12.3% in December, data showed on Wednesday. The 10.9%…
French Jan factory activity rebound not as strong as forecast -PMI
PARIS (Reuters) – France’s manufacturing activity rebound in January was not quite as strong as first forecast, a survey showed on Wednesday, as new orders remained weak. S&P Global’s final purchasing managers…
IMF lowers Saudi 2023 growth forecast to 2.6%
DUBAI (Reuters) – The International Monetary Fund (IMF) has revised its 2023 growth forecast for Saudi Arabia, the world’s top oil exporter, significantly downwards on the back of lower expected output. Growth…
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