Rain to Make Way for Warm Days, Cold End of Week: New Jersey Five Day Weather Outlook
The current weather is shaping up to be a wet and somewhat chilly start to the week, with temperatures and precipitation following a pattern typical for this time of year. Today’s forecast…
European recovery set to stall, outlook cautious – Reuters poll
By Samuel Indyk LONDON (Reuters) – A recent recovery in European shares looks set to stall and not reclaim end-2021 levels for well over a year, capped by fears of an energy…
Brazil 2022 trade surplus outlook dims, but record still in reach
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Brazil’s trade surplus this year is likely to fall short of prior forecasts, according to private economists and an Economy Ministry official, as…
Straumann maintains modest 2022 outlook despite strong sales, shares slip
By Marie Mannes (Reuters) – Swiss dental implants maker Straumann maintained its moderate 2022 outlook on Tuesday despite strong first-half sales driven by high demand, sending its shares tumbling as much as…
Auto supplier Aptiv lowers outlook as China lockdowns, costs bite
(Reuters) -Auto parts supplier Aptiv Plc on Thursday cut its full-year profit and revenue forecast, as lockdowns in China took a bite out of quarterly results, while the industry continues to struggle…
Voestalpine warns outlook depends on continued gas supplies
BERLIN – Austria’s Voestalpine warned on Thursday that it expected a significant cooling of the economy in the second half of its fiscal year and said its earnings guidance depended on Europe…
Beiersdorf posts 10.5% organic sales growth in H1, affirms outlook
BERLIN – Nivea owner Beiersdorf posted 10.5% organic sales growth in the first half of the year, it said on Thursday, affirming its guidance for the full year. First-half sales grew to…
Telecom Italia lifts profit outlook helped by cost cutting
MILAN – Telecom Italia (TIM) on Wednesday improved its core profit target for the year, helped by cost cutting and the contribution from the company’s Brazilian subsidiary in the second quarter. TIM…
Thai central bank likely to hike rate next month, ups GDP outlook – official
BANGKOK – Thailand’s central bank is highly likely to raise its key policy rate at its August meeting, an official said on Friday, as its economic recovery gains more traction and as…
HeidelbergCement lowers profit outlook on high energy costs
FRANKFURT – HeidelbergCement, the world’s No.2 cement maker, on Thursday posted a 4.3% drop in second-quarter core profit, citing challenges ahead because of an unprecedented increase in energy prices. The results from…
Russian disposable incomes drop in Q2 as economic data paints gloomy outlook
MOSCOW – Real disposable incomes in Russia fell 0.8% in the second quarter of 2022, preliminary data showed on Wednesday, with rising prices and restrictions linked to the conflict in Ukraine stifling…
S. Korea central bank member affirms tightening outlook, notes downside risks
SEOUL – A South Korean central-bank board member affirmed on Wednesday that interest rates should rise further but added that increases should be gradual, since downside risks to both exports and consumer…
S&P revises Italy’s outlook to stable from positive
(Reuters) – S&P Global Ratings said on Tuesday it had revised its outlook on its unsolicited BBB/A-2 ratings on Italy to stable from positive. The ratings agency, which affirmed all of its…
Mexican breadmaker Bimbo doubles Q2 net profit, raises outlook
By Kylie Madry and Noe Torres MEXICO CITY – Mexican breadmaker Grupo Bimbo on Thursday reported its second-quarter net profit doubled and the company raised its sales and operating earnings outlook, citing…
Lockheed lowers 2022 revenue outlook on charges, F-35 headwinds
By Mike Stone WASHINGTON – U.S. weapons maker Lockheed Martin Corp lowered its 2022 revenue and earnings per share targets on Tuesday after F-35 fighter jet sales fell amid pandemic-related headwinds and…
IMF chief sees ‘exceptionally uncertain’ global outlook, deteriorating debt situation
NUSA DUA, Indonesia – IMF chief Kristalina Georgieva on Saturday warned officials from the Group of 20 major economies to take urgent action to combat inflation, warning that the “exceptionally uncertain” global…
Orion raises outlook after Merck deal on developing prostate cancer drug
(Reuters) -Finnish drug maker Orion on Wednesday raised its full year outlook after it signed a collaboration agreement with Merck aimed at developing a prostate cancer drug, sending its shares to two-year…
Column: Extreme dollar a wake-up call for earnings outlook – Mike Dolan
By Mike Dolan LONDON – The U.S. dollar’s rampant surge may finally force corporate America to wake up to a brewing earnings recession. The investment puzzle of the summer so far is…
Danske cuts profit outlook due to challenging financial market conditions
(Reuters) – Danske Bank on Sunday reduced its full-year net profit outlook, hurt by rapidly rising interest rates and unfavorable financial market conditions. Danske revised net profit to 10 billion to 12…
Moody’s cuts Mexico’s credit rating by one notch, but improves outlook
MEXICO CITY – Moody’s Investors Service on Friday cut Mexico’s credit rating by one notch as it expects weak investment prospects and increased structural rigidities to constrain activity in Latin America’s second-largest…
Fitch raises United States’ outlook to ‘stable’ from ‘negative’
(Reuters) – Global ratings agency Fitch on Friday raised United States’ outlook to “stable” from “negative” on improved near-term government debt dynamics, driven by a stronger-than-expected post-pandemic economic recovery. The agency said…
Goldman says commodities outlook strong, pullbacks a buying opportunity
(Reuters) – The fundamental outlook for commodity prices is strong with inventories of metals and energy continuing to fall from low levels, Goldman Sachs said, terming a recent price pullback as longer-term…
Big banks’ Q2 earnings to shed light on gloomy U.S. mortgage outlook
By Elizabeth Dilts Marshall NEW YORK – U.S. analysts and economists will be watching to see how banks’ mortgage businesses are faring during their second-quarter earnings this month, as U.S. Federal Reserve…
Taiwan June exports soar, outlook good ahead of peak season
TAIPEI – Taiwan’s exports rose in June on sustained demand for technology products even as shipments to China weakened, and the government said the outlook was good as companies ramp up for…
Forecasters hold outlook for 2022 hurricane season steady -Colorado State
By Erwin Seba HOUSTON -Forecasters at Colorado State University on Thursday held steady the number of hurricanes they expect to appear in the Atlantic during 2022. In an update to their closely…
S&P revises state-owned Mexican oil firm Pemex’s outlook to stable
(Reuters) – S&P Global Ratings revised on Wednesday the outlook for Mexico’s state-oil firm Pemex to stable from negative, after it reviewed Mexico’s long-term outlook. According to the rating agency, high crude…
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