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) …
Growth
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Egypt economic growth forecasts lowered as Gaza crisis flares: Reuters poll
by Reutersby ReutersBy 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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Risk of EU prices rising, growth slowing from Red Sea attacks -EU trade chief
by Reutersby ReutersBRUSSELS (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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Brown & Brown’s Q4 profit jumps on robust growth in fee, investment income
by Reutersby Reuters(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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Analysis-Bank of Canada may trail Fed rate cut as wage growth runs hot
by Reutersby ReutersBy 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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Wind, solar to lead US power generation growth over next 2 years, EIA says
by Reutersby ReutersBy 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 – Chinese premier Li: China economy growth estimated at 5.2% in 2023
by Reutersby ReutersDAVOS, 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 …
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Weak euro zone growth a key downside rating risk for central Europe -S&P
by Reutersby ReutersBy 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 …
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With Heliox purchase, Siemens eyes high growth in truck, bus EV chargers – exec
by Reutersby ReutersBy 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 …
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World Bank forecasts 2024 global growth to slow for third consecutive year
by Reutersby ReutersBy 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 …
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Global EV market growth to slow this year on lower subsidies – report
by Reutersby Reuters(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 …
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J.P. Morgan sees oil demand growth at its slowest in nine months in December
by Reutersby Reuters(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, …
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Yellen says US ‘soft landing’ underway, low inflation, wage growth to spur confidence
by Reutersby ReutersWASHINGTON (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 …
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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 …
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India’s services growth at three-month high in Dec on buoyant demand -PMI
by Reutersby ReutersBy 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 …
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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 …
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Irish services sector growth slows in December as prices rise – PMI
by Reutersby ReutersDUBLIN (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 …
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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 …