By Suleiman Al-Khalidi AMMAN (Reuters) – Jordan’s growth has quickened in 2022 despite global economic turbulence, driven by strong progress in IMF-backed structural reforms that have cushioned the economy and …
Growth
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LONDON (Reuters) – Investment bank JPMorgan cut its forecasts for economic growth in China on Tuesday due to the country’s ongoing COVID-19 restrictions. JPMorgan has lowered its projections a number …
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Business News
Australia’s CBA Q1 profit jumps on lending growth, rising interest rates
by Reutersby ReutersBy Sameer Manekar (Reuters) – Commonwealth Bank of Australia, the country’s largest bank, on Tuesday reported better-than-expected cash earnings for the first quarter, helped by lending growth and rising interest …
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Business News
Buffett-backed Nubank’s revenue surges on robust customer growth
by Reutersby Reuters(Reuters) – Nu Holdings Ltd posted a near three-fold jump in third-quarter revenue on Monday, as the Warren Buffett-backed digital banking firm saw rapid customer growth in its key domestic …
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Business News
Spain’s GDP growth likely to top government outlook of 4.4%, finance minister says
by Reutersby ReutersMADRID (Reuters) – Spanish Economy Minister Nadia Calvino on Monday said “everything points out” that the country’s gross domestic product in 2022 will grow above the 4.4% rate predicted in …
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Business News
Brazil’s economic activity resumes growth in September, but below expectations
by Reutersby ReutersBRASILIA (Reuters) – Economic activity in Brazil resumed expansion in September, though below expectations, still ending the quarter with positive data, central bank data showed on Monday. The IBC-Br economic …
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Business News
Czech wage growth below 5% needed to tame inflation, central bank governor says
by Reutersby ReutersPRAGUE (Reuters) – Czech central bank Governor Ales Michl said on Monday the state budget deficit needed to shrink and nominal wages should not rise too quickly next year, as …
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Business News
UK needs to make politically unpopular reforms to boost growth, business group says
by Reutersby ReutersLONDON (Reuters) – The British government must be willing to make politically unpopular choices in areas such as immigration and regulation to boost business investment and economic growth, the Confederation …
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Breaking NewsFeatured NewsNew Jersey NewsOMG!Pets and Animals
Governor Murphy’s hands-off policy on black bears has led to population growth, dangers
TRENTON, NJ – New Jersey Governor Phil Murphy issued a moratorium on the annual black bear hunt in New Jersey shortly after he took office. Now, the black bear population …
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Business News
Mexico president would like to see central bank balance inflation, growth
by Reutersby ReutersMEXICO CITY (Reuters) -Mexican President Andres Manuel Lopez Obrador on Friday said he would like to see the Bank of Mexico balance fighting inflation while taking care of economic growth. …
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Business News
EU exec revises up 2022 euro zone growth forecast, sees bigger slowdown in 2023
by Reutersby ReutersBRUSSELS (Reuters) – The euro zone economy will grow more than previously expected in 2022, the European Commission forecast on Friday, and decelerate more than previously thought in 2023, but …
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Business News
Moody’s cuts India’s 2022 GDP growth forecast to 7%, sees 2023 growth at 4.8%
by Reutersby ReutersMUMBAI (Reuters) – Rating agency Moody’s cut India’s growth projections for the current and next calendar year due to higher inflation, high interest rates and slowing global growth that, it …
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US and World News
U.S. job growth seen smallest in nearly two years in October, unemployment rate up
by Reutersby ReutersBy Lucia Mutikani WASHINGTON (Reuters) – U.S. employers likely hired the fewest workers in nearly two years in October and increased wages at a moderate pace, suggesting some loosening in …
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US and World News
Japan’s service-sector activity growth hits 4-month high -PMI
by Reutersby ReutersTOKYO (Reuters) – Japan’s services sector activity grew at the fastest clip in four months in October, a private survey showed on Friday, as the easing of restrictions on foreign …
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US and World News
Australia central bank cuts growth outlook, rates need to rise to cool red-hot inflation
by Reutersby ReutersSYDNEY (Reuters) – Australia’s central bank on Friday downgraded the outlook for economic growth, warning that more rate hikes will be necessary to bring down sky-high inflation even as it …
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US and World News
Livent looks to Canada for lithium growth opportunities – CEO
by Reutersby ReutersBy Ernest Scheyder (Reuters) – Lithium producer Livent Corp is eyeing acquisitions in Canada and other countries as it looks to boost its production and processing of the metal used …
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US and World News
Sun Life sees growth in benefits business; shares up on earnings beat
by Reutersby ReutersBy Divya Rajagopal TORONTO (Reuters) – Sun Life Financial Inc believes rising wages, driven by inflation and a tight labor market, will help its benefits business, company executives said on …
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US and World News
China’s rich provinces post slower growth than national economy on COVID curbs
by Reutersby ReutersBEIJING (Reuters) – Some of China’s most affluent regions reported slower growth in the first three quarters of the year than the national economy, as COVID-19 curbs disrupted factory and …
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US and World News
U.S. Q3 GDP overshot IMF forecasts, but growth volatile -official
by Reutersby ReutersBy David Lawder WASHINGTON (Reuters) – The International Monetary Fund may need to raise its forecast for U.S. growth after stronger-than-expected third-quarter GDP data, a senior IMF official said on …
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US and World News
Barclays builds up Asia business, sees growth in India and Australia
by Reutersby ReutersBy Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) – Barclays Plc, which recently made big investments in India and Australia and set up a Taiwan subsidiary in July, is evaluating …
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US and World News
Novo Nordisk sees faster profit growth on demand for diabetes drug Ozempic
by Reutersby ReutersBy Ludwig Burger (Reuters) – Danish drugmaker Novo Nordisk raised its full-year earnings outlook on strong sales of diabetes treatment Ozempic, also reporting a better-than-expected profit. In a statement on …
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BANGKOK (Reuters) – Thailand’s central bank expects the country’s economy to grow 3.3% this year, its deputy central bank governor said on Wednesday, supported by consumption and the return of …
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US and World News
Japan Oct factory growth hits 21-month low as China conditions worsen -PMI
by Reutersby ReutersTOKYO (Reuters) – Japan’s manufacturing activity grew at its slowest pace in 21 months in October on marked declines in output and overall new orders, as exports were partly hurt …
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US and World News
Costa Rica cenbank raises 2022 growth projection to 4.3% as tourism recovers
by Reutersby ReutersSAN JOSE (Reuters) – Costa Rica’s economy is expected to grow 4.3% in 2022, its central bank said on Monday, an upgrade to an earlier projection from boosts expected in …
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(Reuters) – Wall Street analysts will be focusing on sales of Eli Lilly and Co’s newly approved diabetes drug Mounjaro when the company reports results on Tuesday, as sales of …