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…
BOJ raises inflation forecast, keeps policy steady
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 remain an…
Uniqlo owner posts record quarterly profit, lifts annual forecast
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 for a…
Bank of Canada says recent inflation forecast errors due mainly to global shocks
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 drove up…
Bank of Canada again hikes inflation forecast, eyes slower growth but no recession
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 it slashed…
Austria’s WIFO revises up 2022 forecast but warns economy losing steam
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 4.3% in…
Analysts forecast U.S. vehicle shortages as supply chain woes persist
(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 short of…
Malaysia’s May CPI up 2.8% y/y, higher than forecast
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 by 17…
Singapore May core inflation rises 3.6%, just above 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 on Thursday.…
European food delivery firms face forecast cuts as inflation surges, says J.P. Morgan
(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 on consumers,…
Goldman maintains natgas price forecast, awaits more information about Freeport LNG outage
(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 key. “If…
Yellen faces grilling in Congress over ‘wrong’ inflation forecast
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 in Congress…
Analysts raise Argentina 2022 inflation forecast to 72.6% – central bank
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, according to…
Austria’s WIFO raising 2022 inflation forecast due to energy costs
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 said on…
Thai April exports miss forecast over Ukraine war, China lockdown
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 under the…
JPMorgan cuts China growth forecast to 3.7% from 4.3%
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 country’s COVID-19…
Polestar cuts 2022 delivery forecast amid China lockdown
(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 100% attributable…
Serbia’s central bank cuts 2022 growth forecast on Ukraine crisis
(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% due to…
United Airlines lifts second-quarter revenue forecast
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 carrier now…
Colombia Q1 economic growth forecast at 7.5% – Reuters poll
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 begin to…
Denmark hikes economic growth forecast despite war, inflation
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 Thursday, a…
Moncler says 2022 sales forecast doable despite China snag
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 impacting sales…
Costa Rica lowers GDP growth forecast for 2022 to 3.4%
SAN JOSE – Costa Rica lowered its economic growth projection for 2022 to 3.4%, down from the 3.9% set in January, the country’s central bank announced on Friday. “The downward revisions reflect…
Norway’s DNB beats Q1 profit forecast as economy reopens
OSLO – DNB, Norway’s largest bank, posted better-than-expected first-quarter earnings on Thursday, reflecting a strong Norwegian economy and a high level of activity in the corporate market following an end to pandemic…
Analyst raises Ukraine 2022/23 grain harvest, export forecast
KYIV – Analyst APK-Inform on Saturday raised its forecasts for Ukraine’s 2022/23 grain crop and exports due to a better than expected winter harvest. The consultancy said in a statement that Ukraine…
Exclusive-Germany cuts 2022 economic growth forecast to 2.2% – source
BERLIN -The German government will cut its growth forecast for Europe’s biggest economy for 2022 to 2.2% from 3.6% amid the war in Ukraine, a government source told Reuters on Friday. It…
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