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 …
Growth
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 …
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 …
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 …
Brazil limits debt growth on revolving credit card lines
BRASILIA (Reuters) -Brazil’s National Monetary Council, the country’s top economic policy body, on Thursday set regulations on a measure passed in October to limit interest …
Paychex’s quarterly revenue growth slows on weak client spending
(Reuters) – Payroll services provider Paychex reported its slowest rise in quarterly revenue in over two years on Thursday, hurt by tepid spending by businesses …
Japan government lifts economic growth estimates
TOKYO (Reuters) – Japan’s government on Thursday slightly raised its economic growth projections for this fiscal year from its previous estimates, as external demand is …
China’s exports to North Korea return to growth in November
BEIJING (Reuters) – China’s exports to North Korea swung back to growth in November from a decline in the previous month, Chinese customs data showed …
Panama lowers 2024 economic growth estimate to about 2.5%
PANAMA CITY (Reuters) – Panama’s economic growth next year is now estimated at about 2.5%, down “in light of new scenarios,” Economy and Finance Minister …
Greece passes 2024 budget forecasting higher growth
ATHENS (Reuters) – Greece approved its 2024 budget on Sunday, forecasting a rise in economic growth to 2.9% from 2.4% this year as a result …
CBO projects 1.5% U.S. GDP growth in 2024, 4.4% jobless rate
(Reuters) – The Congressional Budget Office projects U.S. economic growth to slow to 1.5% in 2024, with the unemployment rate seen rising to 4.4% next …
Bank of Portugal cuts 2024 growth outlook, citing short-term uncertainty
LISBON (Reuters) – The Bank of Portugal on Friday lowered next year’s economic growth forecast to 1.2% from 1.5% it had set in October, in …
Sri Lanka’s economy returns to growth, led by agriculture
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s economy grew by 1.6% in the quarter from July to September, official data showed on Friday, as …
Ukraine touts ambitions for chip manufacturing, AI growth
By Max Hunder KYIV (Reuters) – Ukraine set out ambitions on Thursday to develop high-tech industries, proposing future state support for the creation of a …
OECD sees long-term growth prospects almost halving in major economies
By Leigh Thomas PARIS (Reuters) – Growth is projected to almost halve in developed and big emerging market economies in the coming decades, requiring higher …
World Bank cuts Thai growth outlook to 2.5% this year, 3.2% next year
BANGKOK (Reuters) – Thailand’s economic growth is expected at 2.5% this year before accelerating to 3.2% in 2024, supported by a recovery in tourism, exports …
Moody’s sees negative outlook for Latin American companies on high rates, low growth
BOGOTA (Reuters) – Non-financial industry companies in Latin America are facing a negative outlook for next year because of continued high interest rates, slow regional …
Analysis-German budget fix to further crimp growth in 2024
By Maria Martinez BERLIN (Reuters) – Germany’s hastily agreed coalition pact to overcome a legal setback to its budget plans is based mainly on spending …
Russia’s Q3 GDP growth confirmed at 5.5% – Rosstat
MOSCOW (Reuters) – Russia’s gross domestic product (GDP) growth in the third quarter was confirmed on Wednesday at 5.5% compared with the same period last …
Factbox-Big investors spur consolidation, growth in EV charging sector
(Reuters) – Big companies in Europe, North America and Asia are investing in the fast-moving global EV charging industry, according to a Reuters analysis. That …
Oracle tumbles as tepid forecast fans cloud growth concerns
(Reuters) – Oracle shares fell 9% in premarket trading on Tuesday as another quarter of below-expectations cloud sales and a bleak forecast amplified concerns over …
French central bank sees fourth quarter growth of 0.1%
PARIS (Reuters) – The French economy will manage to just barely grow in the final quarter of this year, boosted by service sector activity, the …
China car sales growth speeds up in November as price war intensifies
BEIJING/SHANGHAI (Reuters) -China’s passenger vehicle sales rose 25.5% in November from a year earlier, faster than the prior month and extending growth to a fourth …
Putin: Russia becoming ‘new global growth centre’ as West ‘rests on laurels’
MOSCOW (Reuters) -President Vladimir Putin said on Thursday that economic isolation from the West was only helping Russia to become a new growth centre in …
Slowing China trend growth means better opportunities elsewhere – BlackRock Investment Institute
LONDON (Reuters) – Slowing trend growth in China means there are better investment opportunities in emerging markets outside the world’s number two economy, senior executives …
Thai business group keeps 2023 growth forecast at 2.5%-3.0%
BANGKOK (Reuters) – Thailand’s economy is expected to grow 2.5% to 3.0% this year, unchanged from a previous forecast, a leading joint business group said …
PNC sees growth opportunity in capital-led market disruptions
By Nupur Anand NEW YORK (Reuters) – PNC Financial Services CEO William Demchak on Tuesday said that the market disruptions caused by the Basel III …
India Nov services growth softens but still solid
By Shaloo Shrivastava BENGALURU (Reuters) – India’s dominant services sector stayed strong in November but expanded at its slowest pace in a year as demand …
Australia trade drags on Q3 growth, government spending a boost
By Wayne Cole SYDNEY (Reuters) – Australia’s current account slid into deficit in the September quarter as prices for some commodity exports fell and locals …
Irish services sector growth quickens for first time since April -PMI
DUBLIN (Reuters) – Growth in Ireland’s services sector accelerated last month for the first time since April as new business increased and exports rebounded, a …
Russian factory growth steadies as new export orders drop -PMI
(Reuters) – Activity in Russia’s manufacturing sector grew at the same pace in November as in October, even as new export orders contracted for the …
Tokyo core CPI growth seen slowing to 2.5% in November: Reuters poll
By Satoshi Sugiyama TOKYO (Reuters) – Core consumer inflation in Japan’s capital Tokyo likely grew in November but at slower pace than the month before, …
India factory growth accelerated in November, input costs at 40-month low -PMI
By Anant Chandak BENGALURU (Reuters) – India’s manufacturing growth accelerated last month after a recent blip, supported by robust demand, according to a private survey …
Fed’s Bostic sees slower growth, falling inflation pressures
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic said on Wednesday he expects U.S. growth to slow …
Russian industrial output growth slows as unemployment drops to record low
By Alexander Marrow and Darya Korsunskaya MOSCOW (Reuters) – Russia’s industrial output growth slowed in October as the unemployment rate dropped to a record low …
German GDP to expand in 2024, but court ruling could lower growth – OECD
BERLIN (Reuters) – The German economy is projected to grow by 0.6% in 2024 and 1.2% in 2025, after contracting slightly in 2023, according to …
US minority-owned businesses have $1.3 trillion growth potential, JPMorgan says
By Nupur Anand NEW YORK (Reuters) – Mid-sized U.S. businesses owned by minorities have untapped revenue potential worth $1.3 trillion annually, JPMorgan Chase found in …
Chinese firms set for best earnings growth in seven years in 2024
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Chinese firms are on track for their strongest earnings expansion in seven years in 2024, LSEG estimates …
Thailand to lower 2023 growth forecast after weak Q3
BANGKOK (Reuters) – Thailand’s previous 2023 economic growth forecast of 2.7% will be lowered after a weaker-than-expected third quarter, Deputy Finance Minister Krisada Chinavicharana said …
Nigeria Q3 growth steady at about 2.5% as oil sector contraction slows
By Chijioke Ohuocha ABUJA (Reuters) -Nigeria’s economy grew by 2.54% in the third quarter, largely steady from the 2.51% in the second quarter, data showed …
Israel’s economic growth to slow to 2% in 2023 due to war -finance ministry
By Steven Scheer JERUSALEM (Reuters) -Israel’s economy is expected to grow 2% in 2023, down from a prior estimate of 2.7%, the Finance Ministry said …
Analysis-Britain’s growth bet on pension pots a long haul task
By Huw Jones and Carolyn Cohn LONDON (Reuters) – Britain’s plans for nudging billions of pounds of pension cash into new UK companies to boost …
UK budget watchdog revises down medium-term growth potential
LONDON (Reuters) – Britain’s Office for Budget Responsibility revised down its estimate of the country’s medium-term potential growth rate to 1.6% from 1.8%, as an …
Exclusive-China govt advisers call for steady growth target in 2024, more stimulus
By Kevin Yao BEIJING (Reuters) – Chinese government advisers will recommend economic growth targets for next year ranging from 4.5% to 5.5% to an annual …
Global smartphone market sees growth after over 2 years in October – Counterpoint
(Reuters) – The global smartphone market returned to growth in October after more than two years of slump, helped by a recovery in the emerging …
Brazil’s government trims 2023 GDP growth estimate
BRASILIA (Reuters) – Brazil’s Finance Ministry lowered its forecast for the country’s economic growth for this year and 2024, a report by its economic policy …
Mexico stocks to gain further in 2024 on faster economic growth: Reuters poll
By Gabriel Burin and Ana Isabel Martinez BUENOS AIRES/MEXICO CITY (Reuters) – Mexican stocks will likely gain further in 2024, propelled by faster economic growth, …
Poor euro zone bank valuations seen a drag on credit growth: ECB
FRANKFURT (Reuters) – Low valuations for euro zone bank stocks appear to reflect concerns about credit risk and shareholder payouts, likely weighing on future credit …
Exclusive-German court ruling could hit growth next year – econ ministry source
BERLIN (Reuters) -A German court ruling that forced Berlin to freeze 60 billion euros ($65 billion) in planned green investment spending could have a negative …
Russia’s Q3 GDP growth estimated at 5.5% -Rosstat
(Reuters) – Russia’s gross domestic product (GDP) grew 5.5% in the third quarter compared to the same period last year, when it shrunk 3.5%, the …