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 …
Tag:
Growth
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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 …
- MIsc. News
Russia’s economic growth to slow in 2024 as high interest rates linger: Reuters poll
by Reutersby ReutersBy 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 …
- MIsc. News
Toshiba sees power chips as immediate growth driver after $14 billion buyout
by Reutersby ReutersTOKYO (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 …
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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 rates and financial charges in …
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(Reuters) – Payroll services provider Paychex reported its slowest rise in quarterly revenue in over two years on Thursday, hurt by tepid spending by businesses and a slower pace of …
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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 likely to more than offset …
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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 on Wednesday, as Pyongyang reopens …
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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 Hector Alexander said on Tuesday. …
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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 of robust tourist revenues and …
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(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 year from what it estimates …
- MIsc. News
Bank of Portugal cuts 2024 growth outlook, citing short-term uncertainty
by Reutersby ReutersLISBON (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 a slowdown from this year’s …
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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 the country claws its way …
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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 chipmaking industry and to build …
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OECD sees long-term growth prospects almost halving in major economies
by Reutersby ReutersBy Leigh Thomas PARIS (Reuters) – Growth is projected to almost halve in developed and big emerging market economies in the coming decades, requiring higher taxes to keep debt from …
- MIsc. News
World Bank cuts Thai growth outlook to 2.5% this year, 3.2% next year
by Reutersby ReutersBANGKOK (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 and sustained private consumption, the …
- MIsc. News
Moody’s sees negative outlook for Latin American companies on high rates, low growth
by Reutersby ReutersBOGOTA (Reuters) – Non-financial industry companies in Latin America are facing a negative outlook for next year because of continued high interest rates, slow regional economic growth and projected low …
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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 cuts that will drag further …
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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 year, when it shrunk 3.5%, …
- MIsc. News
Factbox-Big investors spur consolidation, growth in EV charging sector
by Reutersby Reuters(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 sector is undergoing rapid consolidation, …
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(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 the pace of growth at …
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PARIS (Reuters) – The French economy will manage to just barely grow in the final quarter of this year, boosted by service sector activity, the French central bank estimated on …
- MIsc. News
China car sales growth speeds up in November as price war intensifies
by Reutersby ReutersBEIJING/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 month, industry data showed on …
- MIsc. News
Putin: Russia becoming ‘new global growth centre’ as West ‘rests on laurels’
by Reutersby ReutersMOSCOW (Reuters) -President Vladimir Putin said on Thursday that economic isolation from the West was only helping Russia to become a new growth centre in a world entering a period …
- MIsc. News
Slowing China trend growth means better opportunities elsewhere – BlackRock Investment Institute
by Reutersby ReutersLONDON (Reuters) – Slowing trend growth in China means there are better investment opportunities in emerging markets outside the world’s number two economy, senior executives at BlackRock Investment Institute (BII) …