Baltimore sees first population growth in a decade, aided by sanctuary policies, immigration
BALTIMORE, MD — Baltimore’s population has increased for the first time since 2014, according to new estimates released by the U.S. Census Bureau. The city’s population grew from 565,271 in 2023 to…
Brown & Brown’s Q4 profit jumps on robust growth in fee, investment income
(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 insurance industry…
Beijing sets 2024 growth target higher despite slowing economy
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 the national…
Comerica forecasts weak interest income as deposit costs rise, loan growth slows
(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 other options,…
Analysis-Bank of Canada may trail Fed rate cut as wage growth runs hot
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 Canadian wages…
Wind, solar to lead US power generation growth over next 2 years, EIA says
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 Administration (EIA)…
Davos – Chinese premier Li: China economy growth estimated at 5.2% in 2023
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 the official…
Goldman Sachs raises 2024 GDP growth forecast to 2.3%
(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 much lower…
China growth seen slowing to 4.6% in 2024, raising heat on policymakers – Reuters poll
By 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 heat on…
BMW CFO: sales growth is mostly electric as combustion engine ‘tipping point’ passes
By 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 chief financial…
Ukraine says consumption, defence sector to fuel growth
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 in its…
Weak euro zone growth a key downside rating risk for central Europe -S&P
By Gergely Szakacs BUDAPEST (Reuters) – Protracted economic weakness in the euro zone could harm central Europe’s recovery prospects, a key risk that could ultimately put downward pressure on sovereign ratings in…
With Heliox purchase, Siemens eyes high growth in truck, bus EV chargers – exec
By Nick Carey LONDON (Reuters) – Siemens expects high double-digit growth in electric chargers for bus fleets and trucks and to be in the top three companies in that rapidly growing global…
World Bank forecasts 2024 global growth to slow for third consecutive year
By David Lawder WASHINGTON (Reuters) – The World Bank warned on Tuesday that global growth in 2024 is set to slow for a third year in a row, prolonging poverty and debilitating…
Global EV market growth to slow this year on lower subsidies – report
(Reuters) – Growth in the global electric-vehicle market is set to slow to 27.1% this year as a reduction in state subsidies makes the cars less appealing to buyers, according to research…
J.P. Morgan sees oil demand growth at its slowest in nine months in December
(Reuters) – Early data indicates global oil consumption in December grew at the slowest pace in nine months, J.P. Morgan said in a note on Friday. The research firm, however, said despite…
Yellen says US ‘soft landing’ underway, low inflation, wage growth to spur confidence
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Friday that a “soft landing” in the U.S. economy was now underway and a sustained period of low inflation and rising wages…
Canada records virtually flat jobs growth in December
TORONTO (Reuters) – Canada’s economy gained a net 100 jobs in December, entirely in part-time work, and the jobless rate held at 5.8%, Statistics Canada data showed on Friday. Employment in the…
India’s services growth at three-month high in Dec on buoyant demand -PMI
By Shaloo Shrivastava BENGALURU (Reuters) – India’s services sector ended 2023 on a firm footing, with activity expanding at its fastest pace in three months in December on buoyant demand and an…
India likely to report higher GDP growth estimates for 2023/24
By Manoj Kumar NEW DELHI (Reuters) – India is likely to project higher economic growth estimates of around 7% for the 2023/24 fiscal year ending in March, compared with earlier government forecasts…
Irish services sector growth slows in December as prices rise – PMI
DUBLIN (Reuters) – Growth in Ireland’s services sector slowed in December as higher prices tempered new business demand, but new exports and the outlook for future activity both improved, a survey showed…
US profit growth to accelerate in 2024 despite economy risks
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. corporate earnings should improve at a stronger clip in 2024 as inflation and interest rates come down, analysts predict, but worries about slowing economic…
China factory activity growth accelerates in Dec – Caixin PMI
BEIJING (Reuters) – China’s factory activity expanded at a quicker pace in December due to stronger gains in output and new orders, but business confidence for 2024 remained subdued, a private-sector survey…
Huawei forecasts 9% revenue growth in 2023 as smartphones surge
BEIJING (Reuters) – Chinese tech giant Huawei Technologies expects to report revenue exceeding 700 billion yuan ($98.5 billion) for 2023, according to comments from rotating chairman Ken Hu in an internal new…
Russia’s economic growth to slow in 2024 as high interest rates linger: Reuters poll
By Alexander Marrow (Reuters) – Russia’s economic growth is set to slow in 2024, hampered in particular by double-digit interest rates throughout the year as the Bank of Russia seeks to subdue…
Toshiba sees power chips as immediate growth driver after $14 billion buyout
TOKYO (Reuters) – Toshiba Corp sees power management chips as an immediate profit driver on the back of surging electric vehicle (EV) demand, its chief executive said on Friday, as the Japanese…
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