BEIJING (Reuters) – China’s fiscal revenue rose 11.9% in the first four months of 2023 from the same period a year earlier, accelerating sharply from a 0.5% rise in January-March, …
Growth
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By Suleiman Al-Khalidi AMMAN (Reuters) – The International Monetary Fund said on Wednesday Jordan needed to accelerate structural economic reforms to push growth beyond the average 2% to 3% it …
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Business News
BlackBerry expects up to 54% revenue growth in 2026, shares rise
by Reutersby Reuters(Reuters) – BlackBerry Ltd on Wednesday forecast as much as 54% jump in 2026 sales from current year on the back of growth in its cybersecurity business, sending shares up …
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Business News
Buffett-backed Nubank reports record revenue on steady user growth
by Reutersby Reuters(Reuters) – Brazil’s Nubank on Monday reported record revenue for the first-quarter as the digital bank benefited from steady growth in users and higher average revenue per customer. Warren Buffett-backed …
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Business News
EU exec sees stronger 2023, 2024 euro zone growth, but higher inflation
by Reutersby ReutersBy Jan Strupczewski BRUSSELS (Reuters) – Euro zone economic growth will be faster than previously expected this year and next thanks to faster expansion in Italy and Spain, but inflation …
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Business News
EU commission sees Germany 2023 GDP growth at 0.2%, Italy 1.2% – newspaper
by Reutersby ReutersROME (Reuters) – The European Commission will forecast Germany’s economic growth this year at 0.2%, while projecting a 1.2% rate for Italy, Italian daily La Stampa reported on Monday, citing …
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Business News
Marketmind: Markets get twitchy as debt ceiling, growth fears weigh
by Reutersby ReutersA look at the day ahead in European and global markets from Ankur Banerjee Signs of an economic slowdown across the globe, lingering worries over the U.S. debt ceiling and …
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Business News
South Korea think tank cuts 2023 growth forecast due to poor exports
by Reutersby ReutersSEOUL (Reuters) – South Korea’s top government research body has cut its economic growth forecast for this year to 1.5% from its earlier view of 1.8%, saying a deeper and …
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PARIS (Reuters) – The French economy is set to grow slightly in the second quarter when compared to the previous one, the country’s central bank said on Wednesday, as activity …
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Business News
Japan GDP growth likely accelerated in Q1 on robust services consumption- Reuters poll
by Reutersby ReutersBy Kantaro Komiya TOKYO (Reuters) – Japan’s economy likely grew in January-March at the fastest pace in three quarters, as spending in the services sector offset soft business activity, a …
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Business News
Malaysia’s Q1 GDP growth likely cooled on weak demand, exports – Reuters poll
by Reutersby ReutersBy Sujith Pai BENGALURU (Reuters) – Malaysia’s economic growth probably slowed in the first quarter, hit by tepid consumption and declining exports, a Reuters poll of economists showed. The Southeast …
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Business News
Disney’s Iger may have to add slowing growth to his turnaround checklist
by Reutersby Reuters(Reuters) – Walt Disney Co’s quarterly revenue growth is expected to hit its lowest in nearly two years, underlining the hurdles that Chief Executive Bob Iger faces in revitalizing a …
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By Nyasha Chingono HARARE (Reuters) – The value of stocks on Zimbabwe’s dollar-only bourse has jumped by 85% since the start of the year to more than $1 billion, its …
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HANOI (Reuters) – Vietnamese lawmakers on Tuesday urged the central bank to consider cutting policy rates further to support the economy and help the country meet its economic growth target …
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Business News
UK sales growth holds steady in April, retailers hope for better summer
by Reutersby ReutersBy Suban Abdulla LONDON (Reuters) – British retail sales growth held steady in April but high inflation meant shoppers were getting less for their money, and unsettled weather discouraged many …
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FRANKFURT (Reuters) – German technology group Robert Bosch expects 6% to 9% revenue growth this year from 88.2 billion euros ($97.49 billion) in 2022 and an EBIT margin of 5%, …
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Business News
Garmin tops quarterly revenue estimates on growth in aviation, marine units
by Reutersby Reuters(Reuters) – Smartwatch and navigation equipment maker Garmin Ltd topped first-quarter revenue estimates on Wednesday, boosted by strong growth in its businesses catering to the aviation and marine industries. Garmin’s …
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Business News
Growth in Middle East, Central Asia to slow amid global challenges – IMF
by Reutersby ReutersDUBAI (Reuters) – Economic growth in the Middle East, North Africa and Central Asia regions will slow in 2023, underlining the need to accelerate structural reforms, the International Monetary Fund …
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Business News
Australia central bank surprised by rapid recovery in population growth -official
by Reutersby ReutersSYDNEY (Reuters) – Australia’s central bank said on Wednesday that a rapid recovery in population growth was a big surprise for the bank’s economic forecasts, pushing up rents and leading …
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Business News
Australia March retail sales post slowest annual growth in 14 months
by Reutersby ReutersSYDNEY (Reuters) – Australian retail sales grew at their slowest annual pace in 14 months in March in a warning sign for consumption that will only get worse following a …
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ISTANBUL (Reuters) – Growth in new orders and output helped Turkish factory activity expand at a faster pace in April, as the sector continued its recovery in the wake of …
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Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World News
US Economic Growth Slows To A Crawl
US Economic Growth Slows To A Crawl Jason Cohen on April 27, 2023 The U.S. economy slowed to a 1.1% annual growth rate in the first quarter of 2023, according …
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Business News
ADB head: Developing Asia’s growth robust, tightening global finances a risk
by Reutersby Reuters(Reuters) – Asia’s developing economies have seen “very robust” growth but face risks from tightening global financial conditions due to rapid U.S. and European interest rate hikes, Asian Development Bank …
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By Dominique Vidalon PARIS (Reuters) -Carrefour, Europe’s largest food retailer, said on Tuesday it was confident of more profit and cash flow growth this year despite high inflation, after sales …
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Business News
Philippines sticks to its 5-year GDP growth targets on economic momentum
by Reutersby ReutersBy Neil Jerome Morales MANILA (Reuters) – The Philippines on Monday maintained its economic growth targets over the next five years, citing momentum from increased domestic demand and better labour …