By Ashitha Shivaprasad and Peter Hobson (Reuters) – Analysts and traders have sharply lowered their price forecasts for platinum and palladium as a global economic slowdown reduces demand, a Reuters…
By Supantha Mukherjee STOCKHOLM – IT research firm Gartner said on Wednesday it expects global semiconductor sales growth to slow down in 2022 and fall 2.5% next year, hurt by…
SYDNEY – Australia will launch a review of the Reserve Bank of Australia’s (RBA) inflation target, monetary tools and board structure, Treasurer Jim Chalmers said on Wednesday, amid criticism over…
(Reuters) – European planemaker Airbus has updated its widely watched rolling 20-year forecasts for jetliner demand. Here are the main points of the forecasts, published a week ahead of the…
ATHENS – Holiday group TUI expects the highest level of demand for Greece on record this year, its director of Communications Aage Duenhaupt told Athens news agency on Sunday. Tourism…
SAO PAULO – Brazil’s automakers association Anfavea on Friday lowered its 2022 estimates for the country’s auto industry production, with monthly output falling in June as companies grapple with auto…
By Steven Scheer JERUSALEM -Israel is on track to collect 45.5 billion shekels ($13 billion) more than initially expected in revenue in 2022, the Finance Ministry said on Thursday as…
LONDON – British food price inflation looks on course to hit 20% in the first quarter of next year, U.S. bank Citi predicted on Wednesday after the latest official data…
By Saqib Iqbal Ahmed NEW YORK – The Federal Reserve’s aggressive monetary policy tilt has prompted some of Wall Street’s biggest banks to ramp up forecasts for a U.S. recession,…
By Cynthia Kim and Jihoon Lee SEOUL – South Korea’s central bank on Tuesday said it expects inflation will be higher than earlier projected and that it would closely assess…
BEIJING – Chinese banks extended 1.89 trillion yuan ($282.62 billion) in new yuan loans in May, rebounding sharply from April and beating analysts’ expectations as policymakers try to reverse a…
(Reuters) – Russia’s Industry Ministry expects car sales to halve in 2022 as the country’s automobile industry grapples with supply issues, a senior official said. “We saw a sharp fall…
FRANKFURT – The European Central Bank raised its inflation projections once again on Thursday but cut its growth outlook as the conflict in Ukraine continues to weigh on confidence, consumption…
By Gavin Jones ROME – Italy’s economy will grow by 2.8% this year, national statistics bureau ISTAT said on Tuesday, slashing a 4.7% projection made in December as high raw…
(Reuters) – BofA Securities now expects the European Central Bank to hike interest rates by 150 basis points this year including 50 bps moves in July and September, it said…
(Reuters) – Russia’s economy will contract less than expected this year and inflation will be lower than previously thought, a Reuters poll showed on Tuesday, after what Moscow calls a…
By Satoshi Sugiyama TOKYO -Japan’s Honda Motor on Friday forecast a 7% fall in annual earnings, instead of an expected rise, and warned that the long chip crunch and rising…
By David Milliken LONDON – Britain is on course to enter a technical recession in the second half of this year and faces a big hit to living standards from…
SYDNEY – Australia’s central bank on Friday drastically revised up forecasts for inflation, foreshadowing how far interest rates might have to rise to bring the country’s cost of living crisis…
SHANGHAI – Global investment houses have rushed to cut their yuan forecasts as China’s currency heads for its worst month in decades, with optimism souring amid a domestic economic slowdown…
By Johan Ahlander and Niklas Pollard STOCKHOLM -Swedish banks SEB and Handelsbanken both delivered better-than-expected quarterly profit gains on Wednesday to send their shares higher even as the war in…
LONDON – Morgan Stanley said on Monday it had revised down its economic growth forecasts for the euro area this year and the next, anticipating a meaningful slowdown in economic…
By Toby Sterling AMSTERDAM -ASML Holding NV, a key supplier to computer chip makers, reported on Wednesday first-quarter sales of 3.5 billion euros ($3.8 billion) and net income of 695…
By Daniel Leussink TOKYO – Japan recorded a trade deficit in March that was more than four times wider than market forecasts, as China-bound exports slowed sharply while soaring energy…
By Marcela Ayres BRASILIA – Brazil’s inflation came above expectations with the sharpest rise for March in 28 years, official figures showed on Friday, as higher fuel prices weighed on…