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 for 2024. It also expects …
forecasts
-
- Business News
Forecast for Fed’s new forecasts – still one more rate hike to go
by Reutersby ReutersBy Ann Saphir (Reuters) – Faster growth, cooler inflation and a job market that won’t quit have set the stage for an updated batch of forecasts from Federal Reserve officials …
- Business News
Adobe forecasts fourth-quarter profit above estimates on AI strength
by Reutersby Reuters(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 demand for its photo, video …
- Business News
New Zealand forecasts much larger budget deficit but improved economy
by Reutersby ReutersBy 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 it updated forecasts heading into …
- Business News
Industrial production in France rose 0.8% in July, beating forecasts
by Reutersby ReutersPARIS (Reuters) – Industrial production in France grew by 0.8% in July, according to official figures published on Friday, offering a small uplift for the euro zone’s second-biggest economy which …
-
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 them go up by another …
- Business News
Economists cut Singapore 2023 growth and inflation forecasts – survey
by Reutersby ReutersSINGAPORE (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, with spillovers from an external …
-
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 annual rate now expected to …
- Business News
Dell shares hit record high after report, forecasts impress with AI in mix
by Reutersby Reuters(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 artificial intelligence (AI) and stabilizing …
-
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) in extra revenue, according to …
- Business News
Hormel Foods cuts annual forecasts on weak China demand, adverse pork prices
by Reutersby Reuters(Reuters) – Hormel Foods on Thursday cut its annual revenue and profit targets after missing quarterly results as the Skippy peanut butter maker wrestled with lower pork and turkey prices …
- Business News
HPE forecasts fourth-quarter revenue below estimates, shares fall
by Reutersby Reuters(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 a hit from soft enterprise …
- Business News
Toronto equity forecasts reduced as downside risks lurk – Reuters poll
by Reutersby ReutersBy 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 a correction as investors grapple …
- Business News
Ross Stores raises annual forecasts on strong demand from bargain-hunting shoppers
by Reutersby Reuters(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 the company’s shares up about …
- Business News
Brazil airline Azul narrows loss, beating forecasts; shares jump
by Reutersby ReutersBy Gabriel Araujo SAO PAULO (Reuters) – Brazilian airline Azul on Thursday reported a narrower second-quarter loss, beating market expectations, and its shares jumped almost 9% as it provided its …
- Business News
Bond strategists cling to forecasts for declining U.S. yields: Reuters poll
by Reutersby ReutersBy Sarupya Ganguly and Indradip Ghosh BENGALURU (Reuters) – U.S. Treasury yields will fall in coming months despite clear signs the Federal Reserve is reluctant to consider rate cuts any …
- Business News
Kellogg forecasts annual sales of up to $13.6 billion for snacks business ahead of split
by Reutersby Reuters(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 after Kellogg separates into two …
- Business News
Colombia’s central bank cuts 2023 forecasts for inflation, growth
by Reutersby ReutersBOGOTA (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 its forecast growth for Latin …
- Business News
Clorox forecasts strong annual profit on higher prices, steady demand
by Reutersby ReutersBy Ananya Mariam Rajesh and Kailyn Rhone (Reuters) – Clorox on Wednesday forecast annual profit above Wall Street estimates after fourth-quarter results beat expectations, boosted by price hikes and steady …
- Business News
Ternium forecasts lower third-quarter earnings as steel prices drop
by Reutersby ReutersMEXICO 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 it to forecast lower core …
- Business News
Colgate-Palmolive bumps up annual sales, profit forecasts on strong pricing
by Reutersby Reuters(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 products. The company, like several …
- Business News
Analysts mark down copper forecasts as output ramps up: Reuters poll
by Reutersby ReutersBy Eric Onstad and Ananya Bajpai LONDON/BENGALURU (Reuters) – Analysts have pared price forecasts for copper and other industrial metals as supply expands while demand in top metals consumer China …
- Business News
Bank of England forecasts 150 billion pound loss from QE gilt programme
by Reutersby ReutersBy David Milliken LONDON (Reuters) – The Bank of England forecast on Tuesday that it would make a net loss of just over 150 billion pounds ($193 billion) over the …
-
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 for second-quarter core earnings. Randstad, …
- Business News
Kimberly-Clark lifts annual forecasts on price hikes, steady demand
by Reutersby Reuters(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 and resilient demand for essential …