Baltimore sees first population growth in a decade, aided by sanctuary policies, immigration
BALTIMORE, MD — Baltimore’s population has increased for the first time since 2014, according to new estimates released by the U.S. Census Bureau. The city’s population grew from 565,271 in 2023 to…
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 expectations to land ahead of their pre-pandemic…
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% increase in revenues during its fourth quarter.…
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 earnings before interest, tax, depreciation and amortization…
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 fourth quarter net profit of 2.628 billion…
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 new business for the half year to…
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 and improving loan demand, but rising costs…
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 more uncertain, European Economic Commissioner Paolo Gentiloni…
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 Beers told Reuters on Monday, adding that…
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 chain disruptions are having on the world’s…
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 the suspension of a quarantine waiver for…
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, although officials flagged downside risks to global…
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 spending on a network of fulfillment centers,…
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 want to see how higher labor, transportation…
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 to offices, the company said after reporting…
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 fourth-quarter earnings on Thursday. The U.S.-German company…
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, high energy prices and continued supply-side disruptions,…
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 growth in their asset management units, but…
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 years, offering hope that supply chain constraints…
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 interest rate hikes boosting the sector. The…
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 by the Omicron wave of the coronavirus…
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 categories like cider, seltzers and alcohol free…
U.S. banks see business lending driving 2022 growth
By Elizabeth Dilts Marshall NEW YORK – Demand for business loans is picking up in the United States as an economic recovery drives consumer spending and encourages companies to bulk up inventories,…
Euro zone business growth lost more momentum in Jan as Omicron hit demand
LONDON – Euro zone economic growth lost more momentum in January as the bloc’s dominant services industry suffered from subdued demand amid tighter restrictions to contain the Omicron coronavirus variant, a survey…
Publicis bets on further growth in 2022 after digital ad boost
– Publicis Groupe, the world’s third-biggest advertising agency, on Thursday forecast organic sales growth of 4% to 5% this year, after its 2021 earnings exceeded their pre-pandemic levels to reach new records.…
PayPal shares plunge 17% as bleak forecast stokes growth fears
– Shares of PayPal Holdings Inc slumped nearly 17% on Wednesday as investors questioned the company’s growth prospects after it disclosed a big hit to revenue from the impending loss of marquee…
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