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…
Mexico central bank could revise inflation forecast upward, governor says
MEXICO CITY – Mexico’s central bank could revise its inflation forecast higher at its next monetary policy meeting due to the impact of Russia’s invasion of Ukraine, Bank of Mexico G overnor…
Trending now: Netflix’s forecast as competition heats up
By Eva Mathews and Nivedita Balu (Reuters) – Netflix Inc is expected to report its slowest quarterly revenue growth in nearly eight years on Tuesday, but the focus will be on its…
Four major hurricanes forecast for 2022 Atlantic hurricane season -Colorado State University
By Erwin Seba HOUSTON -The 2022 Atlantic hurricane season is expected to include four major hurricanes with sustained winds of at least 111 miles per hour (178 km per hour), forecasters at…
IMF cuts Japan’s growth forecast on hit from Ukraine war fallout
By Leika Kihara TOKYO -The International Monetary Fund (IMF) cut Japan’s economic growth forecast on Thursday and urged policymakers to consider preparing a contingency plan in case the Ukraine crisis derails a…
Bulgaria cuts 2022 growth forecast to 2.6% from 4.8% amid war
SOFIA – The Russian invasion of Ukraine and sanctions against Russia are likely to put the brakes on Bulgaria’s economic growth this year and keep annual inflation in double digits, the finance…
USDA corn plantings forecast falls below expectations
CHICAGO – U.S. farmers intend to plant 89.490 million acres of corn in 2022, down 4% from last year and below the lowest in a range of trade expectations, the U.S. Department…
Chile’s central bank shrinks GDP growth forecast for 2022
SANTIAGO – Chile’s central bank revised its forecast for 2022 economic growth on Wednesday, dropping it to a range of 1.0% to 2.0% from an estimate of 1.5% to 2.5% in December.…
Ratings firm S&P Global cuts euro zone growth forecast to 3.3%
LONDON – Credit rating agency S&P Global cut its euro zone growth forecast for the year on Monday to 3.3% from 4.4% previously, saying higher energy prices caused by the Russia-Ukraine war…
Moderna raises full-year COVID vaccine sales forecast to $21 billion
– Moderna Inc on Thursday raised its full-year forecast for sales of its COVID-19 vaccine to roughly $21 billion from $19 billion. The company in February forecast sales of $19 billion from…
Ifo slashes German growth forecast for 2022 due to Ukraine war
BERLIN – German growth will be weaker than expected this year due to the effects of Russia’s invasion of Ukraine which will also push up inflation in Europe’s biggest economy, the Ifo…
Volvo Cars cuts 2022 sales volume forecast due to chip shortage
STOCKHOLM – Volvo Cars said on Tuesday that a shortage of semi-conductors was hitting production and would likely to continue through the second quarter, forcing it to cut its forecast for vehicle…
Thyssenkrupp drops cash flow forecast, questions steel plans due to Ukraine
BERLIN – Germany’s Thyssenkrupp on Wednesday suspended its 2021/22 forecast for free cash flow before mergers and acquisitions for due to the Ukraine crisis and said it was unclear if it would…
Volkswagen brand reluctant to make 2022 forecast
BERLIN – German carmaker Volkswagen said on Wednesday that deliveries of its core brand dropped by 8% to 4.9 million vehicles last year, and it was reluctant to make forecasts for 2022.…
American Airlines cuts first-quarter capacity forecast as oil prices surge
– American Airlines Group Inc cut its current-quarter capacity forecast on Tuesday, as airlines grapple with high fuel prices due to the Russia-Ukraine war. (Reporting by Abhijith Ganapavaram in Bengaluru; Editing by…
Goldman Sachs cuts U.S. growth forecast as commodity prices bite
SINGAPORE – Goldman Sachs analysts downgraded their forecasts for U.S. economic growth for this year, reckoning that spikes in oil and other commodities since Russia’s invasion of Ukraine will hurt spending. The…
U.S. solar installations to contract this year on inflation – industry forecast
– U.S. solar installations soared 19% to hit a record last year, but new capacity will slide in 2022 as project developers struggle with cost inflation and shipping delays, according to an…
Mexico inflation advances quicker than forecast, core prices stir concern
MEXICO CITY – Inflation in Mexico accelerated faster than expected in February, official data showed, with underlying price pressures hitting their highest level in over two decades, feeding expectations the central bank…
Another platinum glut forecast for 2022 after huge surplus last year
By Peter Hobson LONDON – The global platinum market was hugely oversupplied in 2021, the World Platinum Investment Council (WPIC) said on Wednesday as it predicted another large surplus of the metal…
Thai GDP growth may miss forecast this year over Ukraine crisis – Finance Minister
BANGKOK – Thailand’s economy may grow less than the 3.5 to 4.5% forecast this year due to the impact of the Ukraine crisis on tourism, trade and consumption, its finance minister said…
Japan’s Q4 GDP forecast to revise up, wholesale price gains cloud outlook – Reuters Poll
By Kantaro Komiya TOKYO – Japan’s economy expanded more than initially expected in the final quarter of 2021, but rising input prices likely kept wholesale inflation near a record in February in…
Japan’s Q1 growth forecast slashed on Omicron hit to consumption: Reuters poll
By Daniel Leussink TOKYO – Japan’s economic growth will likely grind to a near halt this quarter as coronavirus curbs and supply disruptions threaten to derail the country’s economic recovery, a Reuters…
Malaysia’s January CPI up 2.3%, below forecast
Feb 24 – Malaysia’s consumer prices in January rose 2.3% from a year earlier, below forecast, government data showed on Thursday. January’s consumer price index (CPI) was expected to rise 2.5%, according to 22…
French business activity grew more strongly than forecast in Feb -PMI
PARIS – French business activity grew more strongly than forecast in February, according to a monthly survey, helped by an improvement in the country’s COVID-19 situation and stronger demand for goods and…
Factbox-What global banks forecast for Fed rate hikes in 2022
– Major investment banks have penciled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on the Federal Reserve to take a firmer stand…
Factbox-What global banks forecast for Fed rate hikes in 2022
– Major investment banks have pencilled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on the Federal Reserve to take a firmer stand…
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