Goldman upgrades oil demand outlook as market tempers growth pessimism
(Reuters) – Goldman Sachs on Sunday revised up its global oil demand forecast for the year while sticking to its 12-month Brent price projection of …
Growth
ECB’s Lagarde says latest growth data ‘encouraging’
FRANKFURT (Reuters) – Latest data about economic output in France, Germany and Spain is “quite encouraging” and confirms the European Central Bank’s expectations, ECB President …
US labor costs growth slows in second quarter
WASHINGTON (Reuters) – U.S. labor costs increased less than expected in the second quarter as wage growth cooled a bit, offering a boost to the …
Western Union raises annual profit view on strong growth in C2C service
(Reuters) – Western Union Co raised its annual profit forecast on Wednesday after an upbeat second quarter in which transactions jumped on strong growth consumer-to-consumer …
CBO revises U.S. 2023 growth forecast higher amid strong first-half labor market
WASHINGTON (Reuters) – The Congressional Budget Office revised its 2023 U.S. economic growth forecast substantially upward on Wednesday to 0.9% from a meager 0.1% forecast …
Taiwan’s economy seen returning to growth in Q2: Reuters poll
TAIPEI (Reuters) – Taiwan’s export-dependent economy likely returned to growth in the second quarter thanks to resilient domestic consumption although exports remained weak, a Reuters …
Sharp Chinese rebound powers LVMH sales growth in second quarter
By Mimosa Spencer PARIS (Reuters) -Sales at the world’s top luxury group LVMH rose by 17% in the second quarter, with a sharp rebound in …
IMF cuts Saudi Arabia’s 2023 GDP growth forecast to 1.9%
DUBAI (Reuters) -The International Monetary Fund cut its 2023 GDP growth projection for Saudi Arabia to 1.9% in its latest World Economic Outlook update released …
Goldman Sachs cuts 2023 euro zone growth forecast following weaker economic data
(Reuters) – Goldman Sachs cut its 2023 growth forecast for the euro zone, following weaker economic activity data. Economists led by Sven Jari Stehn said …
IMF sticks with forecast for limited UK growth in 2023
By David Milliken LONDON (Reuters) – The International Monetary Fund confirmed its latest forecast for British economic growth this year, saying cheaper energy, better relations …
Alaska Air forecasts 2023 revenue growth below estimates
(Reuters) – Alaska Air Group on Tuesday forecast its annual revenue below estimates on early signs of cooling ticket prices, sending its shares down 6.3% …
Mexico’s economy to slow in step with US growth moderation: Reuters poll
By Gabriel Burin BUENOS AIRES (Reuters) – Mexico’s economy will likely slow in step with an expected moderation of growth in the United States, but …
IEA chief says oil demand projections depend on China’s growth
GOA (Reuters) – The International Energy Agency (IEA) will revise its global oil demand growth projections based on the economic growth prospects of China and …
Morgan Stanley lifts 2023 US growth forecast on expectation of infrastructure investment
(Reuters) – Morgan Stanley raised U.S. economic growth forecast for the year on a strong industrial sector and more public investment in infrastructure, and expects …
Indonesia Q2 FDI growth slowest in 1-1/2 years
JAKARTA (Reuters) – Incoming foreign direct investment to Indonesia grew 14.2% on a yearly basis in rupiah terms in the April-June quarter, the investment ministry …
South Korea annual economic growth likely slowed slightly in Q2 – Reuters poll
By Anant Chandak BENGALURU (Reuters) – South Korea’s economic growth likely slowed a bit last quarter as languishing exports and high interest rates hurt private …
JPMorgan ups Turkey inflation, growth forecasts after rates decision
LONDON (Reuters) – Wall Street bank JPMorgan revised both its growth and inflation outlooks for Turkey upwards after the central bank delivered a smaller-than-expected interest …
BofA cuts China’s 2023 growth forecast to 5.1%
(Reuters) – BofA Global Research on Thursday cut China’s economic growth forecast for this year to 5.1% on a disappointing second-quarter gross domestic product (GDP) …
China to make plans to stabilise growth of 10 sectors, including auto, steel
BEIJING (Reuters) – China will formulate plans to stabilise growth in 10 sectors, including auto and steel, Zhao Zhiguo, spokesperson for the Ministry of Industry …
IMF chief: Prospects for medium-term global growth weak
GANDHINAGAR, India (Reuters) – Global economic activity is slowing, especially in the manufacturing sector, and medium-term growth prospects remain weak, the chief of the International …
Deutsche Bank cuts China’s 2023 growth forecast to 5.3%
(Reuters) – Deutsche Bank lowered its forecast for China’s economic growth forecast this year to 5.3%, from 6% earlier, citing weakness in domestic consumption demand …
Australia central bank hit pause as policy clearly restrictive, risking growth
SYDNEY, July 18 (Reuters) – Australia’s central bank decided to keep interest rates steady this month as policy was clearly restrictive and there was a …
Tesla discounts set to power quarterly revenue growth, hit profit
By Akash Sriram (Reuters) – Tesla’s strategy to boost sales through price cuts is likely to have powered its strongest revenue growth in five quarters …
Investors brace for earnings from ‘Magnificent Seven’ US growth giants
By Lewis Krauskopf NEW YORK (Reuters) – A handful of massive growth and technology names that have dominated the U.S. stock market in 2023 are …
Chile govt lowers forecast for 2023 economic growth
SANTIAGO (Reuters) – Chile’s government now expects gross domestic product (GDP) to grow 0.2% in 2023, Finance Minister Mario Marcel told the Senate on Wednesday, …
Bank of Canada hikes growth forecast and says inflation slowing only gradually
OTTAWA, July 12 (Reuters)-The Bank of Canada (BoC) on Wednesday raised its growth forecast for this year to 1.8%, up from the 1.4% predicted in …
IMF’s Georgieva expects global growth around 3% for next five years
WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday that the IMF expects global growth around 3% annually for the next …
Red State School Choice Program Sees Largest Growth In Years
Red State School Choice Program Sees Largest Growth In Years Reagan Reese on July 10, 2023 During the 2022-2023 school year, Indiana’s school choice program …
UK jobs market cools again, pay growth weakest since April 2021: REC
LONDON (Reuters) – Pay pressures in Britain’s labour market cooled further in June, according to a survey of recruiters published on Monday that could help …
Instant View: June US jobs growth cooled, but wages won’t comfort Fed
NEW YORK (Reuters) – U.S. job growth slowed more than expected in June after surging in the prior month, but labor market conditions remain tight, …
Analysis-China’s banks bear brunt of concerns around growth and debt
SHANGHAI/SINGAPORE (Reuters) – Chinese banks are facing increasing risks from rising non-performing loans (NPLs) and diminishing returns, making them a lightning rod for investors’ worries …
China will take measures to support growth, says state media
BEIJING (Reuters) – China will take measures to support growth and employment, as well as to prevent risks, state media cited Premier Li Qiang as …
German services sector loses some shine as growth slows -PMI
BERLIN (Reuters) – Growth in Germany’s services sector slowed in June amid signs a recent resurgence in demand was losing steam, a survey showed on …
Japan’s firms offer biggest pay hikes in 30 years, wage growth broadens
By Tetsushi Kajimoto TOKYO (Reuters) -Japanese firms offered the biggest pay hikes in three decades at this year’s negotiations with workers, the country’s largest trade …
Singapore’s fight against inflation still on amid uncertain growth outlook -central bank
By Xinghui Kok SINGAPORE (Reuters) – Singapore’s central bank warned on Wednesday of weak near-term growth for one of Asia’s top financial hubs and said …
India’s factory growth softened slightly in June but stayed strong
By Shaloo Shrivastava BENGALURU (Reuters) – India’s manufacturing industry expanded at the second-fastest rate this year in June, albeit at a slightly slower pace than …
Cautious optimism drives inflows to U.S. equity funds amid positive growth outlook
(Reuters) – U.S. equity funds attracted inflows during the week ending June 28, buoyed by positive growth expectations as robust economic indicators eased concerns about …
Global equity funds draw inflows on economic growth hopes
(Reuters) – Global investors turned net buyers of equity funds in the week to June 28 as solid economic readings fuelled hopes of U.S. growth, …
Brazil central bank improves 2023 GDP growth forecast to 2.0%
BRASILIA (Reuters) – Brazil’s central bank joined on Thursday a wave of recent upward revisions for the country’s economic growth this year, guided by a …
Bearish bets on Asian currencies firm as weak China growth weighs: Reuters poll
By Upasana Singh (Reuters) – Investors increased bearish bets on most Asian currencies, as a stuttering post-pandemic recovery in China, the world’s second-largest economy, weighed …
Brazil census shows population growth at its slowest since 1872
SAO PAULO (Reuters) -Brazil’s annual population growth slowed over the past decade to its lowest since records began 150 years ago, the government statistics agency …
World Bank raises Thailand 2023 growth outlook to 3.9% as tourists return
BANGKOK (Reuters) – Thailand’s economy is projected to grow 3.9% this year, up from a previous forecast of 3.6%, helped by private consumption growth and …
EU aspirant Montenegro must adjust its growth strategy, says World Bank
SARAJEVO (Reuters) – Unless EU aspirant Montenegro adopts a new economic growth strategy that would boost productivity and human capital, its incomes will not converge …
Despite Green Growth, Fossil Fuels Retain Dominant Grip On Energy: REPORT
Despite Green Growth, Fossil Fuels Retain Dominant Grip On Energy: REPORT John Hugh DeMastri on June 26, 2023 Fossil fuels continued to overwhelmingly dominate global …
Sharp slowdown in growth of bank lending for euro zone and Germany forecast
FRANKFURT (Reuters) – High interest rates will keep a lid on the pace of bank lending in Europe this year and next, with a particular …
Palladium in retreat on EV prospects, growth risks
By Ashitha Shivaprasad (Reuters) – Palladium could extend this year’s near 30% price decline as the rapid rise of electric vehicles threatens to hammer demand …
Palladium in retreat on EV prospects, growth risks
By Ashitha Shivaprasad (Reuters) – Palladium could extend this year’s near 30% price decline as the rapid rise of electric vehicles threatens to hammer demand …
Carnival set to post strong revenue growth as new, younger customers drive demand
By Granth Vanaik (Reuters) – Carnival is expected to post robust second-quarter revenue growth as new and younger customers, undeterred by high inflation, spend on …
US business activity growth slows in June but services keep humming along
By Dan Burns (Reuters) – U.S. business activity fell to a three-month low in June as services growth eased for the first time this year …
German services sector growth eases in June, manufacturing slumps -flash PMI
BERLIN (Reuters) – German business activity slowed notably this month as growth in the services sector decelerated and a slump in manufacturing deepened, a preliminary …