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Tag:

forecasts

  • Business News

    Commerzbank forecasts bigger profit returns for investors

    by Reuters September 28, 2023
    by Reuters September 28, 2023

    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 …

  • Business News

    Forecast for Fed’s new forecasts – still one more rate hike to go

    by Reuters September 15, 2023
    by Reuters September 15, 2023

    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 forecasts from Federal Reserve officials …

  • Business News

    Adobe forecasts fourth-quarter profit above estimates on AI strength

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    (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 Reuters September 11, 2023
    by Reuters September 11, 2023

    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 it updated forecasts heading into …

  • Business News

    Industrial production in France rose 0.8% in July, beating forecasts

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    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 euro zone’s second-biggest economy which …

  • Business News

    JPMorgan doubles Turkish rate hike forecasts for coming months

    by Reuters September 7, 2023
    by Reuters September 7, 2023

    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 Reuters September 6, 2023
    by Reuters September 6, 2023

    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, with spillovers from an external …

  • Business News

    JPMorgan ups Turkey inflation, interest rate forecasts

    by Reuters September 4, 2023
    by Reuters September 4, 2023

    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 Reuters September 1, 2023
    by Reuters September 1, 2023

    (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 …

  • Business News

    Brazil forecasts revenue boost to wipe deficit in 2024

    by Reuters August 31, 2023
    by Reuters August 31, 2023

    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 Reuters August 31, 2023
    by Reuters August 31, 2023

    (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 Reuters August 29, 2023
    by Reuters August 29, 2023

    (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 Reuters August 22, 2023
    by Reuters August 22, 2023

    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 a correction as investors grapple …

  • Business News

    Ross Stores raises annual forecasts on strong demand from bargain-hunting shoppers

    by Reuters August 17, 2023
    by Reuters August 17, 2023

    (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 Reuters August 10, 2023
    by Reuters August 10, 2023

    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 9% as it provided its …

  • Business News

    Bond strategists cling to forecasts for declining U.S. yields: Reuters poll

    by Reuters August 9, 2023
    by Reuters August 9, 2023

    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 to consider rate cuts any …

  • Business News

    Kellogg forecasts annual sales of up to $13.6 billion for snacks business ahead of split

    by Reuters August 9, 2023
    by Reuters August 9, 2023

    (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 Reuters August 2, 2023
    by Reuters August 2, 2023

    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 its forecast growth for Latin …

  • Business News

    Clorox forecasts strong annual profit on higher prices, steady demand

    by Reuters August 2, 2023
    by Reuters August 2, 2023

    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 by price hikes and steady …

  • Business News

    Ternium forecasts lower third-quarter earnings as steel prices drop

    by Reuters August 1, 2023
    by Reuters August 1, 2023

    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 it to forecast lower core …

  • Business News

    Colgate-Palmolive bumps up annual sales, profit forecasts on strong pricing

    by Reuters July 28, 2023
    by Reuters July 28, 2023

    (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 Reuters July 27, 2023
    by Reuters July 27, 2023

    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 in top metals consumer China …

  • Business News

    Bank of England forecasts 150 billion pound loss from QE gilt programme

    by Reuters July 25, 2023
    by Reuters July 25, 2023

    By 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 …

  • Business News

    Randstad flags tougher job market, earnings beat forecasts

    by Reuters July 25, 2023
    by Reuters July 25, 2023

    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 Reuters July 25, 2023
    by Reuters July 25, 2023

    (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 …

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