By Alden Bentley (Reuters) – A look at the day ahead in Asian markets. Wednesday will bring prompt tests of the just-released International Monetary Fund upgrades of U.S. and Chinese …
Growth
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NEW YORK (Reuters) – The International Monetary Fund slashed its 2024 economic growth projection for Argentina to a 2.8% contraction from a 2.8% expansion, dimming its view on output growth …
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By Leika Kihara TOKYO (Reuters) – The International Monetary Fund (IMF) on Tuesday projected emerging Asian economies would expand 5.2% this year, slowing from 2023 but revised up from its …
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By Alan Charlish WARSAW (Reuters) – Ryanair is hoping that Poland’s new pro-European government will support its growth plans in the country which assume a doubling in size over the …
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AMSTERDAM (Reuters) – The European Central Bank (ECB) will need to see proof of slowing wage growth in the euro zone before interest rates can be lowered, ECB governing council …
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By Ellen Zhang and Ryan Woo BEIJING (Reuters) – Many provinces in China including the financial hub of Shanghai have set modest 2024 economic growth targets after missing their previous …
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BANGKOK (Reuters) – Thailand’s exports rose for a fifth straight month in December but at a slower pace and less than analysts’ forecasts, and the commerce ministry said on Friday …
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By David Lawder CHICAGO (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday that surprisingly strong economic growth in the fourth quarter was a “good thing” that signals productivity …
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(Reuters) – Arthur J. Gallagher reported a rise in fourth-quarter adjusted profit on Thursday, as the insurer brokerage earned more commissions and fees. Resilient demand for insurance products helped its …
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China clean energy sector was biggest driver of 2023 GDP growth -research report
by Reutersby ReutersBy Andrew Hayley BEIJING (Reuters) – China’s clean energy sector accounted for the largest portion of the country’s economic growth in 2023, according to a report by global research agency …
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(Reuters) – Foreign investors bolstered their positions in the rising Japanese stock market drawn by a depreciating yen that boosted exporter shares and a robust performance in the chip sector. …
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By Mrinalika Roy (Reuters) – Kinder Morgan said on Wednesday it continues to have a bullish outlook for natural gas demand banking on higher demand from liquefied natural gas (LNG) …
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By Patrick Werr CAIRO (Reuters) – Egyptian economic growth will be slower than previously expected as its pound weakens, inflation cuts into purchasing power and fallout from the Gaza crisis …
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BRUSSELS (Reuters) – The European Union faces a risk of consumer prices surging and growth slowing due to disruptions to shipping through the Red Sea, though it has yet to …
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Gulf economies to rebound in 2024 despite weak oil growth outlook: Reuters poll
by Reutersby ReutersBy Anant Chandak BENGALURU (Reuters) – The six-member Gulf Cooperation Council economies will grow at a faster pace in 2024 than last year despite expectations of weak global growth hurting …
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(Reuters) – Insurance brokerage Brown & Brown reported an 85% surge in fourth-quarter profit to $268.6 million on Monday, helped by higher commissions and fees alongside better investment returns. The …
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BEIJING (Reuters) – China’s capital city Beijing has set a growth target of around 5% for 2024, surpassing last year’s target of above 4.5%, despite expectations of slower growth for …
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Comerica forecasts weak interest income as deposit costs rise, loan growth slows
by Reutersby Reuters(Reuters) – Comerica on Friday forecast an 11% drop in its net interest income (NII) in 2024, as it pays more interest on deposits to keep customers from moving to …
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By Fergal Smith and Promit Mukherjee TORONTO/OTTAWA (Reuters) – Inflation in Canada is likely to remain a bigger threat than in the United States due to the high growth in …
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By Nicole Jao NEW YORK (Reuters) – Wind and solar are set to lead U.S. power generation growth for the next two years following new renewable energy instillations, Energy Information …
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DAVOS, Switzerland (Reuters) – Chinese Premier Li Qiang said on Tuesday the Chinese economy had rebounded and moved upward, and was estimated to have grown around 5.2% in 2023, above …
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(Reuters) – Goldman Sachs raised its 2024 U.S. GDP growth forecast to 2.3% from 2.1% expected earlier. “We expect much stronger GDP growth in 2024 than consensus and see a …
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China growth seen slowing to 4.6% in 2024, raising heat on policymakers – Reuters poll
by Reutersby ReutersBy Kevin Yao BEIJING (Reuters) – China’s economic growth is likely to slow to 4.6% in 2024, and cool further to 4.5% in 2025, a Reuters poll showed, raising the …
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BMW CFO: sales growth is mostly electric as combustion engine ‘tipping point’ passes
by Reutersby ReutersBy Victoria Waldersee and Christina Amann BERLIN (Reuters) – BMW has passed the tipping point for combustion engine vehicle sales and now generates most sales growth from electric cars, its …
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By Olena Harmash KYIV (Reuters) – Ukraine’s economy grew by 5% in 2023 and will expand by 4.6% this year as a result of higher domestic consumption and expected growth …