German economy to resume growth after 2023 contraction -EU Commission
BERLIN (Reuters) – The German economy is expected to shrink by 0.3% this year, as a loss in purchasing power due to high inflation and the tightening of financing conditions…
BERLIN (Reuters) – The German economy is expected to shrink by 0.3% this year, as a loss in purchasing power due to high inflation and the tightening of financing conditions…
By Jan Strupczewski BRUSSELS (Reuters) – The euro zone economy will grow more slowly this year than previously expected, but will avoid a technical recession and growth will rebound next…
ROME (Reuters) – Italy’s government could revise downwards its growth target for this year which was set at 0.8% in September, Economy Minister Giancarlo Giorgetti said on Tuesday. The country’s…
By Lewis Krauskopf NEW YORK (Reuters) – The U.S. Federal Reserve will hold off cutting rates until the fourth-quarter of next year, according to Goldman Sachs economists who cited stronger-than-expected…
ROME (Reuters) – Itay can still achieve economic growth of 0.7% this year despite an expected weak fourth quarter, the country’s central bank said on Monday. Italy’s economy stagnated in…
By David Lawder SAN FRANCISCO (Reuters) – Economic growth among Asia Pacific Economic Cooperation countries is expected to decline next year and remain below the global average as higher interest…
BEIJING (Reuters) – China can raise its budget deficit ratio next year to support the economic recovery because there is still space for the central government to issue more debt,…
(Reuters) – Cloud service provider Twilio on Wednesday forecast fourth-quarter profit above Wall Street estimates on an increase in its active customer accounts. The company’s shares rose 8.4% to $60.50…
TRENTON, NJ — The Urban Enterprise Zone Authority (UEZA), under the New Jersey Department of Community Affairs, has announced significant advancements in Camden’s economic landscape, propelled by an investment exceeding…
By Ananya Mariam Rajesh and Deborah Mary Sophia (Reuters) – U.S. holiday sales in 2023 are expected to rise at the slowest pace in five years, data from the National…
(Reuters) -Fox Corp beat first-quarter revenue estimates on Thursday, as it benefited from higher affiliate fees in its television segment that includes its news network. The Fox News parent posted…
By Manya Saini (Reuters) -PayPal Holdings raised its forecast for full-year adjusted profit above Wall Street estimates on Wednesday, with executives striking an optimistic tone for the payments giant’s long-term…
(Reuters) – Prudential Financial reported a rise in third-quarter adjusted profit on Wednesday, as the insurer’s U.S. unit logged strong growth driven by higher net investment spread and lower expenses.…
By Nellie Peyton (Reuters) – South Africa will host the annual African Growth and Opportunity Act (AGOA) Forum in Johannesburg from Nov 2-4 to discuss the United States’ flagship trade…
(Reuters) – Insurer Assurant reported a surge in third-quarter adjusted profit on Tuesday, helped by the strong performance of its global housing unit and higher investment returns, sending shares up…
(Reuters) -U.S. annual home price growth accelerated for a third straight month in August, underscoring the recovery of the housing market after a period of softening, data showed on Tuesday.…
BRUSSELS (Reuters) – Euro zone economic growth was weaker than expected in the third quarter, a flash estimate showed on Tuesday, with gross domestic product contracting slightly quarter-on-quarter and the…
SEOUL (Reuters) – South Korean President Yoon Suk Yeol said on Tuesday the economy in 2024 would exceed the potential growth rate after picking up pace in the second half…
(Reuters) – Public Storage on Monday raised its full-year outlook for revenue growth and core funds from operation (FFO) per share, on higher move-in volumes and improved occupancy in its…
TAIPEI (Reuters) – Taiwan’s trade-dependent economy likely grew faster in the third quarter than the second thanks to resilient domestic consumption and a tentative rebound in exports, a Reuters poll…
By Supantha Mukherjee STOCKHOLM (Reuters) – Spotify on Tuesday swung to a quarterly profit aided by price hikes in its streaming services and growth in subscribers in all regions, and…
BEIJING (Reuters) – China’s fiscal revenue grew 8.9% in the first nine months, decelerating from a 10% gain in January-August, official data showed, as its economic recovery remained on shaky…
By Giulio Piovaccari BALOCCO, Italy (Reuters) – Automaker Stellantis aims to increase sales of its light commercial vehicles (LCV) by 25% through 2027 to catch up with global market leader…
A look at the day ahead in U.S. and global markets from Mike Dolan The two biggest economies in the world are both beating forecasts but U.S. economic growth looks…
By Rae Wee and Summer Zhen SINGAPORE (Reuters) – September data from China offered plenty of welcome surprises, with faster-than-expected growth, falling unemployment and a glimmer of momentum in consumption,…