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 likely to hurt a recovery, …
Growth
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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, according to a study published …
- Financial News
China premier confident of hitting 2022 growth target despite obstacles
by Reutersby ReutersBy Ryan Woo BEIJING – Chinese Premier Li Keqiang said on Friday he is confident of hitting this year’s economic growth target, despite headwinds including the war in Ukraine, pledging …
- Financial News
Goldman Sachs cuts U.S. growth forecast as commodity prices bite
by Reutersby ReutersSINGAPORE – 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 invasion of Ukraine will hurt …
- Financial News
ECB raises inflation forecasts, cuts growth outlook amid Ukraine conflict
by Reutersby ReutersFRANKFURT – The European Central Bank raised its inflation projections on Thursday but cut its growth outlook as the conflict in Ukraine is likely to keep commodity prices high, sapping …
- Financial News
Britain’s Boohoo to meet earnings guidance as sales growth slows
by Reutersby ReutersLONDON -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 its latest quarter. The Manchester, …
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By Gavin Jones ROME – Italian industrial output posted its steepest fall for more than a year in January, data showed on Wednesday, as the growth outlook for the euro …
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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 for 2022, with the risks …
- Financial News
Global LNG demand growth shifts from Asia to Europe on Russia sanctions
by Reutersby ReutersBy 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 higher by Europe’s shift to …
- Financial News
World Bank official says war-driven oil price hikes to slash growth for big importers
by Reutersby ReutersWASHINGTON – 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 economies like China, Indonesia, South …
- Financial News
Thai GDP growth may miss forecast this year over Ukraine crisis – Finance Minister
by Reutersby ReutersBANGKOK – 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, trade and consumption, its finance …
- Financial News
Japan bank lending growth slows to decade-low as pandemic-induced strain eases
by Reutersby ReutersBy 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 continued to ease amid a …
- Business News
IT By Design Partners With the MSP Growth Coalition, Names Juan Fernandez Brand Ambassador of its Build IT MSP Education Division
by Your Newsby Your NewsJERSEY 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 Growth Coalition and Co-founder / …
- US and World News
China pledges peaceful growth of Taiwan ties, but opposes foreign interference
by Reutersby ReutersBy Yew Lun Tian BEIJING -Chinese Premier Li Keqiang pledged on Saturday to advance peaceful growth in relations with Taiwan and “reunification”, and said his government firmly opposes any separatist …
- US and World News
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 Chris Markowski sat down with …
- Financial News
Mining companies may pause growth plans amid Ukraine war, inflation
by Reutersby ReutersBy Clara Denina and Praveen Menon – Flush with cash after bumper earnings, mining companies straddle a delicate balancing act as they benefit from soaring commodity prices amid the Ukraine-Russia …
- Financial News
As world scrambles for oil, Canadian producers reluctant to spend on growth
by Reutersby ReutersBy Nia Williams CALGARY, Alberta – The world is scrambling for oil after Russia’s invasion of Ukraine sent prices rocketing and upended global supply but producers in Canada, home to …
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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 said on Thursday that factory …
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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 measures hourly output per worker, …
- Financial News
Citigroup hikes U.S. equities to ‘overweight’, sees demand for growth stocks
by Reutersby Reuters– 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 drop in bond yields following …
- Financial News
Euro zone business growth accelerated in Feb as Omicron faded -PMI
by Reutersby ReutersLONDON – Business activity across the euro zone accelerated sharply last month as demand soared, particularly in the bloc’s dominant services industry, according to a survey mostly conducted before Russia …
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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 deficit and public debt came …
- Financial News
China’s Feb service sector activity growth accelerates – official PMI
by Reutersby ReutersBEIJING – 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 (PMI) was at 51.6 in …
- Financial News
Japan’s Feb factory activity posts slowest growth in 5 months – PMI
by Reutersby ReutersTOKYO, 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 material shortages hurt firms’ output, …
- Financial News
Japan’s Q1 growth forecast slashed on Omicron hit to consumption: Reuters poll
by Reutersby ReutersBy Daniel Leussink TOKYO – Japan’s economic growth will likely grind to a near halt this quarter as coronavirus curbs and supply disruptions threaten to derail the country’s economic recovery, …