India growth recovery faces headwinds from geopolitical tensions, says Patra
MUMBAI – India’s growth story remains as weak as it was during the 2013 ‘taper tantrum’ and geopolitical tensions in Ukraine and Russia are further …
Growth
War in Ukraine could more than halve German GDP growth – study
BERLIN – Russia’s war in Ukraine could reduce Germany’s 2022 economic expansion by 2 percentage points, more than halving the growth rate for this year, …
China premier confident of hitting 2022 growth target despite obstacles
By Ryan Woo BEIJING – Chinese Premier Li Keqiang said on Friday he is confident of hitting this year’s economic growth target, despite headwinds including …
Goldman Sachs cuts U.S. growth forecast as commodity prices bite
SINGAPORE – Goldman Sachs analysts downgraded their forecasts for U.S. economic growth for this year, reckoning that spikes in oil and other commodities since Russia’s …
ECB raises inflation forecasts, cuts growth outlook amid Ukraine conflict
FRANKFURT – The European Central Bank raised its inflation projections on Thursday but cut its growth outlook as the conflict in Ukraine is likely to …
Britain’s Boohoo to meet earnings guidance as sales growth slows
LONDON -British online fashion retailer Boohoo forecast 2021-22 core earnings in line with reduced guidance as it reported an expected slowdown in revenue growth in …
Italy industry output dives, growth outlook weakens
By Gavin Jones ROME – Italian industrial output posted its steepest fall for more than a year in January, data showed on Wednesday, as the …
Asia braces for growth hit from Ukraine-driven inflation shock
By Leika Kihara and Byron Kaye – An oil-driven inflation shock triggered by the war in Ukraine is forcing Asia’s policymakers to rethink their assumptions …
Global LNG demand growth shifts from Asia to Europe on Russia sanctions
By Isabel Kua SINGAPORE – Asia’s liquefied natural gas (LNG) demand growth may cool this year as buyers baulk at record-high spot prices pushed even …
World Bank official says war-driven oil price hikes to slash growth for big importers
WASHINGTON – Persistent high oil prices prompted by Russia’s invasion of Ukraine could cut a full percentage point off the growth off large oil-importing developing …
Thai GDP growth may miss forecast this year over Ukraine crisis – Finance Minister
BANGKOK – Thailand’s economy may grow less than the 3.5 to 4.5% forecast this year due to the impact of the Ukraine crisis on tourism, …
Japan bank lending growth slows to decade-low as pandemic-induced strain eases
By Leika Kihara TOKYO -Japan’s bank lending rose at the slowest increase in a decade in February as immediate pressure for corporates to borrow cash …
IT By Design Partners With the MSP Growth Coalition, Names Juan Fernandez Brand Ambassador of its Build IT MSP Education Division
JERSEY CITY, N.J., March 7, 2022 — IT By Design (ITBD), a Master Managed Services Provider (MMSP), announced today that it has partnered with the MSP …
China pledges peaceful growth of Taiwan ties, but opposes foreign interference
By Yew Lun Tian BEIJING -Chinese Premier Li Keqiang pledged on Saturday to advance peaceful growth in relations with Taiwan and “reunification”, and said his …
Watchdog On Wall Street Slams Biden For ‘Zero’ Wage Growth In February Jobs Report
Watchdog On Wall Street Slams Biden For ‘Zero’ Wage Growth In February Jobs Report Samantha Renck on March 4, 2022 “Watchdog on Wall Street” host …
Mining companies may pause growth plans amid Ukraine war, inflation
By Clara Denina and Praveen Menon – Flush with cash after bumper earnings, mining companies straddle a delicate balancing act as they benefit from soaring …
As world scrambles for oil, Canadian producers reluctant to spend on growth
By Nia Williams CALGARY, Alberta – The world is scrambling for oil after Russia’s invasion of Ukraine sent prices rocketing and upended global supply but …
U.S. factory orders growth beats expectations in January
WASHINGTON – New orders for U.S.-made goods increased more than expected in January, pointing to continued strength in manufacturing despite supply challenges. The Commerce Department …
U.S. Q4 productivity growth unrevised at 6.6% annualized rate
WASHINGTON – U.S. worker productivity rebounded strongly in the fourth quarter, curbing growth in unit labor costs, the government confirmed on Thursday. Nonfarm productivity, which …
Citigroup hikes U.S. equities to ‘overweight’, sees demand for growth stocks
– Citigroup upgraded U.S. equities to “overweight” rating on Thursday on analysts’ expectations of a revival in appetite for growth stocks due to a sharp …
Euro zone business growth accelerated in Feb as Omicron faded -PMI
LONDON – Business activity across the euro zone accelerated sharply last month as demand soared, particularly in the bloc’s dominant services industry, according to a …
Italy’s public finances improve in 2021 as growth rebounds
By Gavin Jones and Giuseppe Fonte ROME – Italy’s economy grew 6.6% last year following a record contraction of 9.0% in 2020, while the budget …
China’s Feb service sector activity growth accelerates – official PMI
BEIJING – Activity in China’s services sector grew at a faster pace in February, official data showed on Tuesday. The official non-manufacturing Purchasing Managers’ Index …
Japan’s Feb factory activity posts slowest growth in 5 months – PMI
TOKYO, Mar 1 – Japan’s manufacturing activity growth slowed to a five-month low in February, as the Omicron variant of the coronavirus pandemic and raw …
Japan’s Q1 growth forecast slashed on Omicron hit to consumption: Reuters poll
By Daniel Leussink TOKYO – Japan’s economic growth will likely grind to a near halt this quarter as coronavirus curbs and supply disruptions threaten to …
Economists say higher oil prices pose further risk to India’s growth momentum
By Manoj Kumar NEW DELHI – Rising crude oil prices and supply disruptions following Russia’s invasion of Ukraine could further sap an Indian economy already …
Russia’s invasion of Ukraine may pressure light-vehicle sales growth – data
– Russia’s invasion of Ukraine presents a “substantial risk” to the recovery of global light-vehicle sales this year, auto industry consultants J.D. Power and LMC …
Fed’s Barkin says sustained high oil prices could ‘dampen’ consumption, growth
COLONIAL HEIGHTS, Va. – If the conflict in Ukraine leads to sustained high oil prices it could hit U.S. consumer spending and pose a possible …
UK retail sales growth slows in Feb, price pressures mount – CBI
LONDON – British retailers reported slower sales growth in February but said demand was better than normal for the time of year as the Omicron …
France’s Bouygues sees 2022 growth after return to pre-pandemic profit
– Bouygues should grow its sales and core profit further in 2022, the French conglomerate said on Thursday, as it posted annual earnings that surpassed …
Adecco sees solid growth in 2022 after 2% revenue rise in Q4 2021
ZURICH – Adecco expects “solid revenue growth” at the start of 2022, the temporary staffing and training company said on Thursday, after reporting a 2% …
Brazil’s TIM sees double-digit EBITDA growth for 2022-2024 period
SAO PAULO – Brazilian telecom TIM SA announced on Wednesday its strategic long-term objectives for 2022-2024, saying it expects a yearly double-digit growth in its …
Telefônica Brasil posts 103.2% growth in Q4 net profit
– Telefonica Brasil on Tuesday reported its quarterly net profit rose 103.2%, helped by a tax credit recognition of 1.4 billion reais. The telecoms operator’s …
Hargreaves’ asset growth, net new business slows; shares fall
By Sinchita Mitra -Britain’s biggest retail stockbroker Hargreaves Lansdown on Tuesday reported slower growth than analysts had expected in the assets it manages and net …
Canadian banks set for 1st-qtr profit growth, but costs, margins could deal blow
By Nichola Saminather TORONTO – Canadian banks are set to report higher first-quarter earnings from a year ago, thanks to low provisions for credit losses …
Russia’s move against Ukraine makes 2022 euro zone growth more uncertain -Commission
BRUSSELS – Russia’s recognition of the independence of Ukraine’s two breakaway regions makes the European Commission’s already reduced euro zone growth forecast for 2022 even …
De Beers CEO sees stable natural diamond supply, decent industry growth
By Lisa Barrington DUBAI – Natural diamond supply has peaked and will remain stable for the next few decades, the CEO of mining giant De …
Japan’s Feb factory activity growth falls to 5-month low – flash PMI
TOKYO – Japan’s manufacturing activity expanded at the slowest pace in five months in February as output contracted, underscoring the prolonged impact that global supply …
Thailand’s tourism-reliant economy likely returned to growth in Q4- Reuters poll
By Vivek Mishra BENGALURU – Thailand’s economy likely returned to growth in the fourth quarter thanks to robust exports and easing of COVID-19 curbs, but …
Singapore keeps 2022 growth forecast as economy stays on recovery path
By Aradhana Aravindan SINGAPORE -Singapore maintained its forecast for the economy to expand 3-5% this year as the city-state’s recovery from the pandemic slump continues, …
Shopify sees slowing revenue growth, higher spending; shares tank
-Canada’s Shopify Inc on Wednesday forecast a slowing pace of revenue growth in the first half of the year, and said it was ramping up …
Wall Street eyes Walmart results for signs of tighter margins, slower growth
By Arriana McLymore and Siddharth Cavale NEW YORK, NY – When Walmart on Thursday reports how it fared during the holiday quarter, investors also will …
France’s Capgemini 2022 margin growth likely capped by costs
-Gains in French IT consultancy Capgemini’s operating margin this year will likely be held back by inflationary pressures on salary and the cost of returning …
Linde sees double-digit 2022 earnings growth, pricing to offset energy price inflation
By Bartosz Dabrowski -Linde, the world’s largest industrial gas company, is targeting 10%-13% growth in adjusted earnings per share (EPS) in 2022, after reporting better-than-expected …
EU exec cuts 2022 euro zone growth forecast, sharply raises inflation view
By Jan Strupczewski BRUSSELS – Euro zone economic growth will be slower than earlier expected this year because of a new wave of COVID-19 infections, …
Manulife and Sun Life earnings rise on asset management growth
By Nichola Saminather and Sohini Podder – Canadian insurers Manulife Financial and Sun Life Financial narrowly beat quarterly earnings expectations on Wednesday, driven by strong …
Strong U.S. wholesale inventories point to upward fourth quarter GDP growth revision
By Lucia Mutikani WASHINGTON -U.S. wholesale inventories rose slightly more than initially estimated in December as motor vehicle stocks increased by the most in 10 …
U.S. banks outlook positive with loan growth and rate hikes in view
By Sinéad Carew – While U.S. bank stocks had a rocky start to the year, investors and analysts see accelerating loan growth and Federal Reserve …
Mexico economy minister sees 2022 growth slowing to 2.5%
MEXICO CITY – Mexican Economy Minister Tatiana Clouthier said on Monday the country’s economy was likely to grow about 2.5% this year after being hit …
Carlsberg looks beyond beer for growth in new strategy
COPENHAGEN -Danish brewer Carlsberg said on Thursday it would look for growth beyond its core beer market over the next five years to focus on …