(Reuters) – HSBC on Tuesday lowered China’s economic growth forecast for this year, citing drag from the property sector, and tempered business and household confidence. The global bank now forecasts…
By Valerie Insinna PARIS (Reuters) – U.S. planemaker Boeing slightly raised its annual 20-year forecast for new jetliner deliveries, propelled by the strength of the narrowbody market fueled by demand…
By Michael S. Derby NEW YORK (Reuters) – The New York Fed’s in-house economic forecasting model is predicting a notably brighter economic future for the U.S. relative to three months…
By Jason Hovet PRAGUE (Reuters) – The Czech National Bank is likely to opt against hiking interest rates further but chances of a rate cut are shifting later into 2023,…
(Reuters) – Manufacturers in the U.S. Northeast grew more optimistic about the near-term business outlook this month even as current conditions remained mixed across the region. Monthly surveys of goods…
By Winni Zhou, Tom Westbrook and Brenda Goh SHANGHAI/SINGAPORE (Reuters) – Bond markets are putting Chinese and global rates on opposite paths, speculating on cuts in China against hikes in…
Biden Labor Department Announces Massive Revision To Wage Data, Revealing Much Worse Outlook Jason Cohen on June 1, 2023 The Bureau of Labor Statistics (BLS) revised a wage growth estimate…
By Aishwarya Venugopal (Reuters) – Weak profit forecasts from department store chain Macy’s to discounter Dollar General on Thursday underscored the fragile health of the U.S. consumer as persistent inflation…
(Reuters) – Shares of Intel Corp rose about 5% after the chipmaker’s finance chief said on Wednesday that the company is on track to hit the upper end of its…
PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Wednesday he was sticking to a forecast of 1% economic growth this year despite numerous risks to the outlook…
By Kopano Gumbi and Rachel Savage JOHANNESBURG (Reuters) – The outlook for Africa’s debt sustainability remains “cloudy” as low growth and high inflation challenge the stability of many economies across…
TAIPEI (Reuters) -Taiwan’s economy will probably grow more slowly in 2023 than previously forecast, the government’s statistics office said on Friday, as weakening global demand weighs heavily on its key…
LONDON (Reuters) – British retail sales declined this month after a modest rise in April but stores expect sales volumes to stabilise in June as consumer confidence improves and energy…
By Lisa Pauline Mattackal and Divya Chowdhury MUMBAI (Reuters) – Investors are looking beyond the U.S. technology sector’s bounceback this year for longer-term returns, as higher interest rates and an…
NEW YORK (Reuters) – New York Fed president John Williams declined on Friday to connect the current monetary policy outlook to new work of his that reconfirms major economies are…
By Eva Mathews (Reuters) -Experian Plc’s annual revenue growth forecast on Wednesday signalled a challenging economic backdrop, especially in North America, where the failure of three U.S. regional banks has…
BERLIN (Reuters) – Deutsche Telekom slightly raised its full-year operating profit target on Thursday after reporting a small bump in first-quarter revenue and profit that was in line with expectations.…
(Reuters) – U.S. engineering and industrial software firm Emerson Electric Co on Wednesday raised its fiscal 2023 outlook and reported better-than-expected quarterly earnings, on the back of strong demand for…
(Reuters) – U.S. truck engine maker Cummins Inc on Tuesday raised its full-year 2023 revenue forecast, on the back of strong demand for parts across its markets. Supply chain issues,…
TOKYO (Reuters) – Sony Group Corp’s shares fell as much as 4.8% on Monday after the Japanese electronics and entertainment conglomerate’s annual profit outlook fell short of market expectations. The…
(Reuters) – Fitch cut France’s sovereign credit rating on Friday by one notch to ‘AA-‘, saying a potential political deadlock and social unrest posed risks to President Emmanuel Macron’s reform…
SAO PAULO (Reuters) – Brazilian planemaker Embraer SA said on Friday it has sold 33 Ipanema 203 aircraft in the first quarter of 2023, a 38% increase from the same…
(Reuters) – Industrial conglomerate Honeywell International Inc raised its full-year profit and revenue forecasts on Thursday, after posting a quarterly results beat on strength in its aviation unit. Shares of…
LONDON (Reuters) – British retail sales inched higher in April, although most shop chains do not foresee a lasting improvement, an industry survey showed on Wednesday. The Confederation of British…
By Karl Plume and Sourasis Bose CHICAGO (Reuters) -Archer-Daniels-Midland Co beat Wall Street expectations on Tuesday with a record first-quarter profit but its shares fell as it forecast full-year earnings…