Commerzbank forecasts bigger profit returns for investors
FRANKFURT (Reuters) – Germany’s Commerzbank said on Thursday it was revamping its payout policy for investors, aiming for a return of least 70% of profit …
forecasts
Forecast for Fed’s new forecasts – still one more rate hike to go
By Ann Saphir (Reuters) – Faster growth, cooler inflation and a job market that won’t quit have set the stage for an updated batch of …
Adobe forecasts fourth-quarter profit above estimates on AI strength
(Reuters) – Photoshop software maker Adobe forecast current-quarter profit above Wall Street estimates on Thursday, after beating revenue estimates for the third quarter on strong …
New Zealand forecasts much larger budget deficit but improved economy
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s government on Tuesday predicted a larger budget deficit but better-than-expected economic conditions in the year ahead, as …
Industrial production in France rose 0.8% in July, beating forecasts
PARIS (Reuters) – Industrial production in France grew by 0.8% in July, according to official figures published on Friday, offering a small uplift for the …
JPMorgan doubles Turkish rate hike forecasts for coming months
LONDON (Reuters) – JPMorgan doubled its Turkish rate-hike forecasts for the coming months on Thursday, predicting that fiscal spending plans and higher inflation would see …
Economists cut Singapore 2023 growth and inflation forecasts – survey
SINGAPORE (Reuters) – Economists have downgraded Singapore’s 2023 growth forecasts and inflation expectations, according to a survey by the country’s central bank published on Wednesday, …
JPMorgan ups Turkey inflation, interest rate forecasts
LONDON (Reuters) – Higher-than-expected inflation data for August published on Monday prompted JPMorgan to revise its year-end inflation forecast to 65% from 62% with the …
Dell shares hit record high after report, forecasts impress with AI in mix
(Reuters) – Shares in Dell Technologies Inc rose 22.2% and hit a record high on Friday after it raised full-year financial forecasts with boosts from …
Brazil forecasts revenue boost to wipe deficit in 2024
BRASILIA (Reuters) – Brazil’s government outlined an ambitious plan to rescue its public accounts from deficit which hinges on securing 168.5 billion reais ($34 billion) …
Hormel Foods cuts annual forecasts on weak China demand, adverse pork prices
(Reuters) – Hormel Foods on Thursday cut its annual revenue and profit targets after missing quarterly results as the Skippy peanut butter maker wrestled with …
HPE forecasts fourth-quarter revenue below estimates, shares fall
(Reuters) – Hewlett Packard Enterprise forecast fourth-quarter revenue below Wall Street estimates on Tuesday, at a time when demand for the company’s servers is taking …
Toronto equity forecasts reduced as downside risks lurk – Reuters poll
By Fergal Smith TORONTO (Reuters) – Canada’s commodity-linked main stock index is expected to rise less than previously expected over coming months and could see …
Ross Stores raises annual forecasts on strong demand from bargain-hunting shoppers
(Reuters) – Ross Stores raised annual sales and profit forecasts after beating quarterly estimates, as inflation-hit customers shopped for its discounted clothing and shoes, sending …
Brazil airline Azul narrows loss, beating forecasts; shares jump
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian airline Azul on Thursday reported a narrower second-quarter loss, beating market expectations, and its shares jumped almost …
Bond strategists cling to forecasts for declining U.S. yields: Reuters poll
By Sarupya Ganguly and Indradip Ghosh BENGALURU (Reuters) – U.S. Treasury yields will fall in coming months despite clear signs the Federal Reserve is reluctant …
Kellogg forecasts annual sales of up to $13.6 billion for snacks business ahead of split
(Reuters) – Packaged food maker Kellogg said on Wednesday its snacking business Kellanova is expected to report full-year sales between $13.4 billion and $13.6 billion …
Colombia’s central bank cuts 2023 forecasts for inflation, growth
BOGOTA (Reuters) -The technical team of Colombia’s central bank on Wednesday lowered its outlook for inflation in 2023 to 9%, from 9.5% previously, and cut …
Clorox forecasts strong annual profit on higher prices, steady demand
By Ananya Mariam Rajesh and Kailyn Rhone (Reuters) – Clorox on Wednesday forecast annual profit above Wall Street estimates after fourth-quarter results beat expectations, boosted …
Ternium forecasts lower third-quarter earnings as steel prices drop
MEXICO CITY (Reuters) -Steel producer Ternium reported a 21.4% decrease in second-quarter net profit on Tuesday, as shipments remained flat and steel prices dropped, prompting …
Colgate-Palmolive bumps up annual sales, profit forecasts on strong pricing
(Reuters) – Colgate-Palmolive raised annual organic sales and profit forecasts on Friday, banking on price hikes and resilient demand for its self-care and pet nutrition …
Analysts mark down copper forecasts as output ramps up: Reuters poll
By Eric Onstad and Ananya Bajpai LONDON/BENGALURU (Reuters) – Analysts have pared price forecasts for copper and other industrial metals as supply expands while demand …
Bank of England forecasts 150 billion pound loss from QE gilt programme
By David Milliken LONDON (Reuters) – The Bank of England forecast on Tuesday that it would make a net loss of just over 150 billion …
Randstad flags tougher job market, earnings beat forecasts
By Olivier Sorgho (Reuters) -Randstad, the world’s biggest staffing firm, on Tuesday flagged weaker demand in a “challenging” jobs market, even as it beat expectations …
Kimberly-Clark lifts annual forecasts on price hikes, steady demand
(Reuters) – Kimberly-Clark Corp raised its full-year sales and profit forecasts on Tuesday, as the maker of Kleenex tissues and KleenGuard benefits from price increases …
Alaska Air forecasts 2023 revenue growth below estimates
(Reuters) – Alaska Air Group on Tuesday forecast its annual revenue below estimates on early signs of cooling ticket prices, sending its shares down 6.3% …
JPMorgan ups Turkey inflation, growth forecasts after rates decision
LONDON (Reuters) – Wall Street bank JPMorgan revised both its growth and inflation outlooks for Turkey upwards after the central bank delivered a smaller-than-expected interest …
Analysis-Bank of Canada hones messaging as inflation defies forecasts
By Steve Scherer and Fergal Smith OTTAWA (Reuters) – The Bank of Canada has shifted to a less prescriptive messaging strategy than it used in …
Forecasts show U.S. earnings decline in second quarter
By Caroline Valetkevitch NEW YORK (Reuters) – Forecasts for second-quarter U.S. earnings still look gloomy after a much-better-than-feared first quarter season as the likelihood of …
Bond market divergence from Fed entrenched in U.S. yield forecasts: Reuters poll
By Sarupya Ganguly BENGALURU (Reuters) – U.S. bond markets are already pricing beyond expected Federal Reserve interest rate hikes in coming months, with strategists polled …
NY Fed in-house forecasts points to better economic outlook for U.S
By Michael S. Derby NEW YORK (Reuters) – The New York Fed’s in-house economic forecasting model is predicting a notably brighter economic future for the …
Global investment banks rush to cut yuan forecasts
SHANGHAI (Reuters) – Global investment houses have rushed to downgrade forecasts for the Chinese yuan after it weakened past the closely watched 7 per dollar …
U.S. consumer outlook dims as upscale retailers, discounters slash forecasts
By Aishwarya Venugopal (Reuters) – Weak profit forecasts from department store chain Macy’s to discounter Dollar General on Thursday underscored the fragile health of the …
Hormel Foods reaffirms 2023 forecasts, shares rise
By Granth Vanaik (Reuters) – Hormel Foods Corp reaffirmed its annual sales and profit forecasts even as its second-quarter revenue missed estimates, sending the company’s …
Latitude Group flags sharp drop in earnings due to cyberattack, shares fall
By Navya Mittal and Himanshi Akhand (Reuters) -Australia’s Latitude Group on Friday forecast a steep fall in fiscal 2023 earnings due to higher credit losses …
Russian spy chief tells ‘meddling West’ to go to the devil, forecasts its demise
By Andrew Osborn (Reuters) – One of Russia’s top spy chiefs on Wednesday said the West had sown the seeds of its own destruction by …
Euro 7 emissions standard to cost many times EC forecasts -industry group
By Nick Carey LONDON (Reuters) – Proposed Euro 7 emissions regulations will lead to direct costs for auto manufacturers that are up to 10 times …
Russia’s Sberbank reports record Q1 profit, raises forecasts
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) -Russia’s largest lender Sberbank on Thursday reported record first-quarter net profit of 357.2 billion roubles ($4.6 billion) …
Brazil retail sales smash market forecasts in March
SAO PAULO (Reuters) – Brazil’s retail sales smashed market estimates in March, growing more than the highest forecast in a Reuters poll of economists, in …
Nomura, Barclays cut China 2023 GDP forecasts as recovery sputters
BEIJING (Reuters) – Nomura has cut its forecast for China’s 2023 gross domestic product (GDP) growth to 5.5% from 5.9% previously, after April data showed …
UK’s Sunak may fall short on 2023 inflation goal, NIESR forecasts
By David Milliken LONDON (Reuters) – British Prime Minister Rishi Sunak risks missing his goal of halving inflation this year as underlying inflation shows little …
Chipmaker GlobalFoundries forecasts downbeat quarter, shares fall
(Reuters) – GlobalFoundries Inc projected quarterly revenue below estimates on Tuesday as the chip manufacturer takes a hit from slumping sales of smartphones and other …
NPCC forecasts adequate power supply in parts of U.S. Northeast, eastern Canada this summer
(Reuters) – Northeast Power Coordinating Council Inc (NPCC) on Thursday said its annual reliability assessment projected the regions under its oversight will have an adequate …
Bleach maker Clorox raises annual forecasts on higher prices
By Granth Vanaik and Jessica DiNapoli (Reuters) – Clorox Co raised its annual sales and profit forecasts on Tuesday, banking on higher product prices that …
Zimmer Biomet raises annual forecasts on knees and hips unit strength
(Reuters) – Zimmer Biomet Holdings Inc raised its annual sales and profit forecasts on Tuesday, banking on strong demand for its knees and hips products …
Emirates boss forecasts resilient demand, no hit from new airlines
By Yousef Saba and Lisa Barrington DUBAI (Reuters) – Emirates Airline President Tim Clark said on Tuesday that new Saudi airlines and the expansion of …
Brazil’s WEG posts Q1 net profit up 38%, in line with forecasts
SAO PAULO (Reuters) – Brazilian motor maker WEG SA on Wednesday reported a first-quarter net profit of 1.3 billion reais ($257.29 million), up 38.4% from …
ADM profit tops forecasts, shares drop as outlook disappoints
By Karl Plume and Sourasis Bose CHICAGO (Reuters) -Archer-Daniels-Midland Co beat Wall Street expectations on Tuesday with a record first-quarter profit but its shares fell …
JetBlue forecasts second-quarter profit above expectations on robust demand
(Reuters) – JetBlue Airways Corp forecast a better-than-expected second-quarter profit on Tuesday as the low-cost carrier remains confident about a robust recovery in leisure and …
U.S. company comments suggest upbeat demand despite gloomy forecasts
By Caroline Valetkevitch NEW YORK (Reuters) – Investors worried the U.S. could be on the brink of a recession may be relieved by some early …