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forecast

Dow cuts second-quarter revenue forecast on demand, pricing woes

May 31, 2023
Dow cuts second-quarter revenue forecast on demand, pricing woes - photo licensed by shore news network.

(Reuters) – Chemical maker Dow Inc forecast second-quarter revenue below market expectations on Wednesday, citing slower macroeconomic activity and lower pricing levels. The company now …

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Thai April factory output drops 8% y/y, worse than forecast

May 31, 2023
Thai april factory output drops 8% y/y, worse than forecast - photo licensed by shore news network.

BANGKOK (Reuters) – Thailand’s manufacturing production index (MPI) in April contracted by a more-than-expected 8.14% from a year earlier, as exports slowed and production costs …

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Taiwan cuts GDP forecast, export outlook as global demand weakens

May 26, 2023
Taiwan cuts gdp forecast, export outlook as global demand weakens - photo licensed by shore news network.

TAIPEI (Reuters) -Taiwan’s economy will probably grow more slowly in 2023 than previously forecast, the government’s statistics office said on Friday, as weakening global demand …

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Brazil’s PagSeguro posts $74 million quarterly profit, beats forecast

May 25, 2023

SAO PAULO (Reuters) – Brazilian financial technology firm PagSeguro Digital on Thursday posted a better-than-expected 6% increase in its first-quarter profit, which the company said …

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There’s going to be Plenty of Building in Jackson, County Commissioners Forecast

May 21, 2023
There's going to be plenty of building in jackson, county commissioners forecast - photo licensed by shore news network.

JACKSON TOWNSHIP, NJ – During a heated debate over preserving the last working farm in Lakewood Township, the Ocean County Board of Commissioners forecasted ‘plenty …

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Ross Stores lifts annual profit forecast on strong demand, easing freight costs

May 18, 2023
Ross stores lifts annual profit forecast on strong demand, easing freight costs - photo licensed by shore news network.

By Ananya Mariam Rajesh (Reuters) – Ross Stores on Thursday raised its annual profit forecast after upbeat quarterly results, buoyed by budget-conscious customers increasingly shopping …

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US sharply raises shale oil drilling count but not output forecast

May 17, 2023
Us sharply raises shale oil drilling count but not output forecast - photo licensed by shore news network.

By Stephanie Kelly NEW YORK (Reuters) – U.S. oil producers were much more active last year in the prolific Permian Basin than the Energy Information …

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Sonos shares crash as forecast fails to strike a chord

May 11, 2023
Sonos shares crash as forecast fails to strike a chord - photo licensed by shore news network.

(Reuters) – Sonos Inc was set to shed more than a fifth of its market valuation on Thursday after a revenue forecast cut fueled worries …

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South Korea think tank cuts 2023 growth forecast due to poor exports

May 10, 2023
South korea think tank cuts 2023 growth forecast due to poor exports - photo licensed by shore news network.

SEOUL (Reuters) – South Korea’s top government research body has cut its economic growth forecast for this year to 1.5% from its earlier view of …

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Airbnb’s gloomy forecast weighs on hotel, airline stocks

May 10, 2023
Airbnb's gloomy forecast weighs on hotel, airline stocks - photo licensed by shore news network.

By Chibuike Oguh NEW YORK (Reuters) – A gloomy forecast from vacation rental firm Airbnb weighed on travel-related stocks on Wednesday as an expected slowdown …

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Shares of data analytics firm Palantir surge 22% on profit forecast

May 9, 2023
Shares of data analytics firm palantir surge 22% on profit forecast - photo licensed by shore news network.

(Reuters) – Palantir Technologies’ stock surged 22% on Tuesday, putting it on track for its biggest one-day gain in more than two years, after the …

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National Retail Federation lowers US consumer good import forecast for first half of 2023

May 8, 2023
National retail federation lowers us consumer good import forecast for first half of 2023 - photo licensed by shore news network.

By Lisa Baertlein LOS ANGELES (Reuters) – Closely watched U.S. retail trade forecasters on Monday lowered their import target for the first half of 2023 …

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Adecco sales top forecast as corporate Europe hires temps

May 4, 2023
Adecco sales top forecast as corporate europe hires temps - photo licensed by shore news network.

By Andrey Sychev (Reuters) -Adecco Group beat first-quarter sales expectations on Thursday as companies turned to temporary workers after laying off staff to cope with …

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Australia budget to trim forecast for cost of servicing debt for next three years

May 4, 2023
Australia budget to trim forecast for cost of servicing debt for next three years - photo licensed by shore news network.

By Lewis Jackson SYDNEY (Reuters) – Australia has lowered its forecast for the cost of servicing government debt over the next three years, though the …

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Colombia’s central bank raises 2023 inflation forecast to 9.5%

May 2, 2023
Colombia's central bank raises 2023 inflation forecast to 9. 5% - photo licensed by shore news network.

BOGOTA (Reuters) – Colombia’s central bank on Tuesday raised its outlook for 2023 inflation to 9.5% from 8.7%, reflecting persistent consumer price growth that has …

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Here is your New York City 24-hour Forecast: Rain and more rain

April 30, 2023
Here is your new york city 24-hour forecast: rain and more rain - photo licensed by shore news network.

NEW YORK, NY – New York City residents can expect a wet start to their Sunday with areas of drizzle before noon, followed by rain …

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Colgate-Palmolive raises annual organic sales forecast on price hikes

April 28, 2023
Colgate-palmolive raises annual organic sales forecast on price hikes - photo licensed by shore news network.

(Reuters) – Colgate-Palmolive Co raised its full-year organic sales forecast on Friday, betting on consistent price hikes and steady demand for its pet nutrition products. …

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Sharpie-maker Newell sees 2023 profit at low end of forecast on higher costs, softer demand

April 28, 2023
Sharpie-maker newell sees 2023 profit at low end of forecast on higher costs, softer demand - photo licensed by shore news network.

(Reuters) – Sharpie-maker Newell Brands Inc on Friday forecast annual sales and profit at the low end of its previous outlook, signaling a hit from …

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Spain’s Acerinox tops profit forecast on U.S. demand

April 27, 2023
Spain's acerinox tops profit forecast on u. S. Demand - photo licensed by shore news network.

By Matteo Allievi and Natalia Siniawski (Reuters) – Spanish steelmaker Acerinox beat first quarter net profit expectations on Thursday, driven by growth in its U.S. …

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Kimberly-Clark lifts 2023 profit forecast on higher prices

April 25, 2023
Kimberly-clark lifts 2023 profit forecast on higher prices - photo licensed by shore news network.

(Reuters) – Kimberly-Clark Corp raised its full-year profit forecast on Tuesday as consistent price hikes helped the company post better-than-expected sales in the first quarter, …

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Singapore March core inflation rises 5%, slightly less than forecast

April 24, 2023
Singapore march core inflation rises 5%, slightly less than forecast - photo licensed by shore news network.

By Chen Lin SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 5% in March, slightly lower than forecast, official data showed on Monday. The …

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Philip Morris trims annual profit forecast on elevated costs

April 20, 2023
Philip morris trims annual profit forecast on elevated costs - photo licensed by shore news network.

(Reuters) -Marlboro maker Philip Morris International Inc cut its full-year profit forecast on Thursday, hit by rising tobacco leaf prices, energy and labor costs. Shares …

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J.P.Morgan, Citi upgrade China’s 2023 full-year GDP growth forecast

April 18, 2023
J. P. Morgan, citi upgrade china's 2023 full-year gdp growth forecast - photo licensed by shore news network.

(Reuters) – J.P.Morgan and Citigroup upgraded China’s 2023 full-year gross domestic product growth forecast on Tuesday, citing that the country’s decision to lift stringent COVID-19 …

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Singapore March exports fall 8.3% y/y, drop less than forecast

April 16, 2023
Singapore march exports fall 8. 3% y/y, drop less than forecast - photo licensed by shore news network.

By Chen Lin SINGAPORE (Reuters) – Singapore’s March non-oil domestic exports (NODX) shrank 8.3% year-on-year, official data showed on Monday, though the drop was smaller …

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German industry association raises 2023 export growth forecast to 2% – report

April 14, 2023
German industry association raises 2023 export growth forecast to 2% - report - photo licensed by shore news network.

BERLIN (Reuters) – Germany’s BDI industry association expects exports to grow by 2% in 2023, double its forecast in January, its president told the Rheinische …

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Bank Indonesia forecast to hold rates at 5.75% for rest of 2023

April 14, 2023
Bank indonesia forecast to hold rates at 5. 75% for rest of 2023 - photo licensed by shore news network.

By Sujith Pai and Veronica Dudei Maia Khongwir BENGALURU (Reuters) – Bank Indonesia is expected to keep its key interest rate unchanged at 5.75% for …

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French central bank nudges up Q1 economic growth forecast to around 0.2%

April 11, 2023
French central bank nudges up q1 economic growth forecast to around 0. 2% - photo licensed by shore news network.

PARIS (Reuters) – The French economy is set to grow around 0.2% in the first quarter of 2023, up from around 0.1% forecast last month, …

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Thai central bank sees policy focus on stability, maintains 2023 GDP forecast

April 10, 2023
Thai central bank sees policy focus on stability, maintains 2023 gdp forecast - photo licensed by shore news network.

BANGKOK (Reuters) – Thailand’s economy is expected to grow 3.6% this year, Bank of Thailand (BOT) governor Sethaput Suthiwartnarueput said on Monday, adding that fiscal …

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Chile cenbank boosts GDP forecast for 2023 but lowers 2024 estimate

April 5, 2023
Chile cenbank boosts gdp forecast for 2023 but lowers 2024 estimate - photo licensed by shore news network.

SANTIAGO (Reuters) – Chile’s central bank on Wednesday improved its expectations for the country’s economic growth this year but lowered estimates for 2024 as high …

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Ecuador central bank cuts 2023 growth forecast due to lower oil exports

March 31, 2023

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 …

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Morgan Stanley raises 2023 euro area GDP growth forecast to 0.8%

March 31, 2023
Morgan stanley raises 2023 euro area gdp growth forecast to 0. 8% - photo licensed by shore news network.

(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 …

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Thai Feb factory output down 2.71% y/y, slightly better than forecast

March 28, 2023
Thai feb factory output down 2. 71% y/y, slightly better than forecast - photo licensed by shore news network.

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 …

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Malaysia central bank maintains 2023 growth forecast amid global slowdown

March 28, 2023
Malaysia central bank maintains 2023 growth forecast amid global slowdown - photo licensed by shore news network.

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 …

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Goldman Sachs lowers euro zone growth forecast; sees no growth for UK

March 20, 2023
Goldman sachs lowers euro zone growth forecast; sees no growth for uk - photo licensed by shore news network.

(Reuters) – Goldman Sachs lowered its 2023 economic growth forecast for the euro zone on Monday, citing ongoing stress in the global banking system and …

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Taiwan Feb export orders miss forecast, China a big drag

March 20, 2023
Taiwan feb export orders miss forecast, china a big drag - photo licensed by shore news network.

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 …

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Goldman Sachs cuts U.S. GDP forecast after banking crisis

March 15, 2023
Goldman sachs cuts u. S. Gdp forecast after banking crisis - photo licensed by shore news network.

(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 …

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UK economy forecast to contract by 0.2% in 2023

March 15, 2023
Uk economy forecast to contract by 0. 2% in 2023 - photo licensed by shore news network.

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 …

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Ukraine economy ministry cuts 2023 GDP growth forecast to 1% – Interfax

March 6, 2023
Ukraine economy ministry cuts 2023 gdp growth forecast to 1% - interfax - photo licensed by shore news network.

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 …

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Malaysia’s Jan CPI rises 3.7% on-year, in line with forecast

February 23, 2023
Malaysia's jan cpi rises 3. 7% on-year, in line with forecast - photo licensed by shore news network.

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 …

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CoStar ends talks to buy Move Inc, posts weak profit forecast

February 21, 2023

(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 …

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Heavy rains forecast for cyclone-hit areas of New Zealand

February 21, 2023
Heavy rains forecast for cyclone-hit areas of new zealand - photo licensed by shore news network.

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 …

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Malaysia’s Jan exports rise 1.6% y/y, below forecast

February 19, 2023
Malaysia's jan exports rise 1. 6% y/y, below forecast - photo licensed by shore news network.

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 …

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Deutsche Bank increases U.S. terminal rate forecast

February 15, 2023
Deutsche bank increases u. S. Terminal rate forecast - photo licensed by shore news network.

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 …

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Supplier Howmet offers conservative jet production forecast for 2023

February 14, 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 …

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Australia’s Aurizon cuts earnings forecast on prolonged wet weather

February 12, 2023
Australia's aurizon cuts earnings forecast on prolonged wet weather - photo licensed by shore news network.

(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 …

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Finnish insurer Sampo misses profit forecast in volatile market

February 10, 2023
Finnish insurer sampo misses profit forecast in volatile market - photo licensed by shore news network.

(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 …

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Equinor raises energy trading forecast on volatility, flexibility

February 8, 2023
Equinor raises energy trading forecast on volatility, flexibility - photo licensed by shore news network.

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 …

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Fitch raises China’s growth forecast to 5% for 2023

February 8, 2023
Fitch raises china's growth forecast to 5% for 2023 - photo licensed by shore news network.

(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 …

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Bank of Mexico 25 basis points hike expected amid forecast inflation rise: Reuters poll

February 7, 2023
Bank of mexico 25 basis points hike expected amid forecast inflation rise: reuters poll - photo licensed by shore news network.

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, …

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Goldman Sachs raises emerging markets equities forecast

February 2, 2023
Goldman sachs raises emerging markets equities forecast - photo licensed by shore news network.

(Reuters) – Goldman Sachs on Thursday revised its forecast for emerging market equities upwards as it sees the developing world benefiting from the reopening of …

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