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Growth

Lower growth in China not affecting commodity prices ‘that much,’ Brazil’s Campos Neto says

September 5, 2023September 5, 2023
Lower growth in china not affecting commodity prices 'that much,' brazil's campos neto says - photo licensed by shore news network.

BRASILIA (Reuters) – Brazilian central bank chief Roberto Campos Neto said on Tuesday that the slower growth seen in China is not affecting commodity prices …

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China’s Leapmotor looks to sell EV tech as it targets export growth

September 5, 2023
China's leapmotor looks to sell ev tech as it targets export growth - photo licensed by shore news network.

MUNICH (Reuters) – China’s Leapmotor needs to increase its sales by five times or more to survive a consolidating EV industry and is seeking partners …

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India’s services growth slowed slightly in Aug but exports hit record high

September 5, 2023
India's services growth slowed slightly in aug but exports hit record high - photo licensed by shore news network.

By Anant Chandak BENGALURU (Reuters) – Growth in India’s dominant services industry lost some steam in August but overall conditions remained strong despite elevated inflationary …

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UAE’s non-oil business growth slows in August but confidence high-PMI

September 5, 2023
Uae's non-oil business growth slows in august but confidence high-pmi - photo licensed by shore news network.

DUBAI (Reuters) – Growth in non-oil business activity in the United Arab Emirates eased in August to the slowest pace in six months, but business …

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Japan Aug service activity growth fastest in 3 months – PMI

September 4, 2023
Japan aug service activity growth fastest in 3 months - pmi - photo licensed by shore news network.

TOKYO (Reuters) – Japan’s service sector activity expanded at its quickest pace in three months in August, underpinned by robust consumer spending as inbound tourism …

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UK consumer spending growth slows in August despite ‘Barbenheimer’ boost

September 4, 2023
Uk consumer spending growth slows in august despite 'barbenheimer' boost - photo licensed by shore news network.

By David Milliken LONDON (Reuters) – British consumer spending growth lost pace last month, adding to signs of a weakening economy, despite a doubling in …

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Moody’s lifts 2023 U.S. growth forecast, cuts China’s for 2024

September 1, 2023
Moody's lifts 2023 u. S. Growth forecast, cuts china's for 2024 - photo licensed by shore news network.

By Marc Jones LONDON (Reuters) – Credit rating agency Moody’s raised its 2023 U.S. economic growth forecast on Friday but cut its estimate next year …

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US job growth picks up in August, unemployment rate climbs

September 1, 2023September 1, 2023
Us job growth picks up in august, unemployment rate climbs - photo licensed by shore news network.

NEW YORK (Reuters) – The U.S. economy added more jobs than expected in August, but a rise in the unemployment rate and moderation in wage …

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US private payrolls growth slows sharply in August – ADP

August 30, 2023
Us private payrolls growth slows sharply in august - adp - photo licensed by shore news network.

WASHINGTON (Reuters) – U.S. private payrolls increased less than expected in August, the latest indication that the labor market was losing steam, though it remains …

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Peru slashes growth outlook amid falling copper investment

August 29, 2023August 29, 2023
Peru slashes growth outlook amid falling copper investment - photo licensed by shore news network.

By Marco Aquino LIMA (Reuters) – Peru lowered its economic growth forecasts for 2023 and 2024 on Tuesday amid poor weather, lower private investment in …

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Euro zone lending growth slows further as rate hikes bite

August 28, 2023August 28, 2023
Euro zone lending growth slows further as rate hikes bite - photo licensed by shore news network.

BERLIN (Reuters) – Growth in lending to euro zone companies slowed again in July, adding to already mounting evidence that sharply higher interest rates are …

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China new home prices growth likely flat in 2023, dragging on economy – Reuters poll

August 28, 2023
China new home prices growth likely flat in 2023, dragging on economy - reuters poll - photo licensed by shore news network.

By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s new home prices will likely show no growth this year, according to a Reuters poll, …

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Thailand’s employment growth drops in Q2 as economy slows

August 27, 2023
Thailand's employment growth drops in q2 as economy slows - photo licensed by shore news network.

BANGKOK (Reuters) – Thailand’s employment in the second quarter rose 1.7% from a year earlier, slowing from a 2.4% increase in the previous three months, …

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Marketing firm Klaviyo discloses revenue growth, profitability in IPO filing

August 25, 2023

(Reuters) -Data and marketing automation firm Klaviyo disclosed its paperwork for an initial public offering (IPO) on Friday, reporting a surge in revenue growth and …

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Nigeria’s GDP growth slows to 2.5% y/y in Q2 as reforms get under way

August 25, 2023
Nigeria's gdp growth slows to 2. 5% y/y in q2 as reforms get under way - photo licensed by shore news network.

By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s annual economic growth rate slowed to 2.51% in the second quarter, data showed on Friday, hurt by a …

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Momentum growing for ECB rate hike pause as growth falters -sources

August 25, 2023
Momentum growing for ecb rate hike pause as growth falters -sources - photo licensed by shore news network.

By Balazs Koranyi JACKSON HOLE, Wyoming (Reuters) – European Central Bank policymakers are increasingly concerned about deteriorating growth prospects and, while the debate is still …

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US job growth in year through March was less than estimated

August 23, 2023
Us job growth in year through march was less than estimated - photo licensed by shore news network.

(Reuters) – The red-hot U.S. job market was not quite as blistering as originally reported in the year through March, after the Labor Department on …

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South Korea consumer sentiment weakens in August on growth worries

August 21, 2023August 21, 2023
South korea consumer sentiment weakens in august on growth worries - photo licensed by shore news network.

SEOUL (Reuters) – South Korea’s consumer sentiment weakened in August for the first time in six months, a central bank survey showed on Tuesday, amid …

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Biden Says Infrastructure Bill Will Drive Job Growth. There’s Just One Problem

August 21, 2023

Biden Says Infrastructure Bill Will Drive Job Growth. There’s Just One Problem Nick Pope on August 21, 2023 President Joe Biden routinely touts the jobs …

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Slower growth ahead for Australia as population ages

August 21, 2023
Slower growth ahead for australia as population ages - photo licensed by shore news network.

By Lewis Jackson SYDNEY (Reuters) – Australia’s economy is projected to grow more slowly over the next 40 years as an aging population and slower …

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Euro zone set for growth over next ‘couple’ of years – ECB’s Lane

August 18, 2023
Euro zone set for growth over next 'couple' of years - ecb's lane - photo licensed by shore news network.

FRANKFURT (Reuters) – The euro zone economy will keep growing in the coming years and is unlikely to experience a deep or sustained recession, European …

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Taiwan sees economic growth this year at slowest in 8 years

August 18, 2023August 18, 2023
Taiwan sees economic growth this year at slowest in 8 years - photo licensed by shore news network.

By Jeanny Kao and Faith Hung TAIPEI (Reuters) – Taiwan’s export-dependent economy will probably grow at its slowest pace in eight years this year, the …

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Hedge funds slow value exodus as AI hype drives up growth stocks

August 17, 2023
Hedge funds slow value exodus as ai hype drives up growth stocks - photo licensed by shore news network.

NEW YORK/LONDON (Reuters) – Hedge funds have slowed their exit from value stocks and small-cap stocks over the past month, as enthusiasm for artificial intelligence …

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China will strengthen policy coordination to meet growth target – state media

August 16, 2023August 16, 2023
China will strengthen policy coordination to meet growth target - state media - photo licensed by shore news network.

BEIJING (Reuters) – China will strengthen the coordination of various policies to boost growth and meet this year’s economic target, according to a cabinet meeting …

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Industrial output jump gives euro zone growth small boost

August 16, 2023August 16, 2023
Industrial output jump gives euro zone growth small boost - photo licensed by shore news network.

FRANKFURT (Reuters) – The euro zone’s vast industrial sector rebounded in June, giving overall growth a small boost to end an otherwise weak quarter on …

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Buffett-backed Nubank posts record revenue on strong user growth

August 15, 2023August 15, 2023
Buffett-backed nubank posts record revenue on strong user growth - photo licensed by shore news network.

(Reuters) – Brazil’s Nubank on Tuesday reported record revenue for the second quarter as the Warren Buffett-backed digital banking firm logged a surge in new …

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UK basic wage growth hits record, adding to Bank of England’s worries

August 15, 2023
Uk basic wage growth hits record, adding to bank of england's worries - photo licensed by shore news network.

By William Schomberg and Andy Bruce LONDON (Reuters) -Basic wages in Britain hit a new record growth rate, figures showed on Tuesday, adding to worries …

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Broker XP’s revenue rises on higher client assets, card segment growth

August 14, 2023

(Reuters) – Brazilian investment manager and broker XP on Monday reported a rise in second-quarter revenue, helped by a rebound in the capital markets that …

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GM still struggling to build EVs, sees margin growth ahead for Cruise-CFO

August 9, 2023
Gm still struggling to build evs, sees margin growth ahead for cruise-cfo - photo licensed by shore news network.

(Reuters) – General Motors is still struggling to ramp up production of electric vehicles, a top executive said on Wednesday. Speaking at a J.P. Morgan …

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Oil output inches up at top US shale firms, with faster growth elusive

August 9, 2023
Oil output inches up at top us shale firms, with faster growth elusive - photo licensed by shore news network.

By Arathy Somasekhar HOUSTON (Reuters) – Top U.S. shale oil producers are raising output by pulling more from each well but lack the level of …

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Rainy July hurts UK retailers: spending growth slowest in 11 months

August 7, 2023August 7, 2023
Rainy july hurts uk retailers: spending growth slowest in 11 months - photo licensed by shore news network.

LONDON (Reuters) – British retailers suffered from heavy rain in July on top of the impact of high inflation with sales growth dropping to an …

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UK hiring falls at fastest pace in over three years, wage growth slows

August 6, 2023
Uk hiring falls at fastest pace in over three years, wage growth slows - photo licensed by shore news network.

By Suban Abdulla LONDON (Reuters) – British employers reduced the number of new permanent staff they hired through recruitment agencies by the most since mid …

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JPMorgan raises US economic growth estimate, no longer expects 2023 recession

August 4, 2023
Jpmorgan raises us economic growth estimate, no longer expects 2023 recession - photo licensed by shore news network.

(Reuters) – JPMorgan’s chief economist said on Friday the bank is no longer forecasting a U.S. recession this year and has raised its economic growth …

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United Airlines buying land in Denver as it pursue growth strategy

August 4, 2023August 4, 2023
United airlines buying land in denver as it pursue growth strategy - photo licensed by shore news network.

By David Shepardson and Rajesh Kumar Singh (Reuters) – United Airlines on Friday said it is spending $33 million to buy 113 acres (46 hectares) …

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Instant view: US jobs growth stays moderate in July, wage gains still strong

August 4, 2023August 4, 2023
Instant view: us jobs growth stays moderate in july, wage gains still strong - photo licensed by shore news network.

NEW YORK (Reuters) – The U.S. economy maintained a moderate pace of job growth in July, but solid wage gains and a decline in the …

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Jobs Market Cools Following Unexpectedly High Economic Growth

August 4, 2023

Jobs Market Cools Following Unexpectedly High Economic Growth Will Kessler on August 4, 2023 The U.S. added 187,000 jobs in July, less than economists expected, …

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Indonesia’s Q2 GDP growth likely slows as exports weaken: Reuters poll

August 3, 2023
Indonesia's q2 gdp growth likely slows as exports weaken: reuters poll - photo licensed by shore news network.

By Devayani Sathyan BENGALURU (Reuters) – Indonesia’s economy likely grew 4.93% from a year earlier in the April-June quarter, the slowest since the third quarter …

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UK firms dial back price and wage growth expectations – BoE

August 3, 2023
Uk firms dial back price and wage growth expectations - boe - photo licensed by shore news network.

LONDON (Reuters) – The Bank of England said on Thursday that businesses expected slower increases in the prices they charge and the wages they pay …

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US productivity surges in second quarter; labor costs growth slows

August 3, 2023August 3, 2023
Us productivity surges in second quarter; labor costs growth slows - photo licensed by shore news network.

WASHINGTON (Reuters) – U.S. worker productivity rebounded sharply in the second quarter, helping to curb growth in labor costs and offering another boost to the …

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MercadoLibre’s Q2 profit doubles on higher sales volume, user growth

August 2, 2023
Mercadolibre's q2 profit doubles on higher sales volume, user growth - photo licensed by shore news network.

SAO PAULO (Reuters) -South American e-commerce giant MercadoLibre reported a 113% rise in its second-quarter net income on Wednesday to $261.9 million, amid higher sales …

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Irish service growth remains robust, inflation pressures ease-PMI

August 2, 2023August 2, 2023
Irish service growth remains robust, inflation pressures ease-pmi - photo licensed by shore news network.

DUBLIN (Reuters) – Irish service sector growth remained robust in July amid a strengthening in business sentiment and a slight easing in still high input …

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Japan’s service activity growth softens in July – PMI

August 2, 2023
Japan's service activity growth softens in july - pmi - photo licensed by shore news network.

TOKYO (Reuters) – Japan’s service sector activity expanded at a slightly slower pace in July as new business growth eased and cost pressures remained high, …

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Colombia’s central bank cuts 2023 forecasts for inflation, growth

August 2, 2023
Colombia's central bank cuts 2023 forecasts for inflation, growth - photo licensed by shore news network.

BOGOTA (Reuters) -The technical team of Colombia’s central bank on Wednesday lowered its outlook for inflation in 2023 to 9%, from 9.5% previously, and cut …

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Double-digit growth in real wages, retail sales as Russia’s unemployment hits record low

August 2, 2023August 2, 2023
Double-digit growth in real wages, retail sales as russia's unemployment hits record low - photo licensed by shore news network.

(Reuters) – Record low unemployment in June highlighted Russia’s stark labour shortage, statistics data showed on Wednesday, even as the rebound from last year’s economic …

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Garmin beats quarterly estimates on growth in fitness and auto businesses

August 2, 2023
Garmin beats quarterly estimates on growth in fitness and auto businesses - photo licensed by shore news network.

(Reuters) – Navigation equipment maker Garmin beat market estimates for second-quarter revenue and profit on Wednesday, thanks to strong growth in its auto and fitness …

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Tinder-parent Match sees third-quarter revenue above estimates on strong user growth

August 1, 2023
Tinder-parent match sees third-quarter revenue above estimates on strong user growth - photo licensed by shore news network.

(Reuters) – Match Group forecast revenue for the third quarter above Wall Street estimates on Tuesday, as the Tinder parent expects stronger marketing to drive …

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Indian factory growth eased for second month in July, but kept healthy pace

August 1, 2023August 1, 2023
Indian factory growth eased for second month in july, but kept healthy pace - photo licensed by shore news network.

By Anant Chandak BENGALURU (Reuters) – Growth in India’s manufacturing activity eased in July for a second month, with some moderation in output and new …

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Experts See Red Flags Even As Biden Takes Victory Lap On Economic Growth

July 31, 2023

Experts See Red Flags Even As Biden Takes Victory Lap On Economic Growth Will Kessler on July 31, 2023 The Biden administration is touting the …

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Oil to drift lower as slower growth offsets OPEC+ cuts: Reuters poll

July 31, 2023July 31, 2023
Oil to drift lower as slower growth offsets opec+ cuts: reuters poll - photo licensed by shore news network.

By Rahul Paswan (Reuters) – Oil prices will stall this year as weak economic growth is expected to curb demand and offset the impact of …

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Hong Kong quarterly GDP growth slows on sluggish global economy

July 31, 2023
Hong kong quarterly gdp growth slows on sluggish global economy - photo licensed by shore news network.

HONG KONG (Reuters) – Hong Kong’s economic growth slowed in the second quarter from a year earlier, advance government data showed on Monday, with the …

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