Henkel ups outlook for 2023 on back of strong prices
(Reuters) -German consumer goods company Henkel on Thursday slightly raised its guidance for the year, saying strong pricing helped third-quarter growth. The group raised the …
outlook
Japan business mood improves, but global stress dims outlook – Reuters Tankan
By Tetsushi Kajimoto TOKYO (Reuters) – Japanese manufacturers’ business confidence improved for the first time since August while service-sector mood rose for a second month, …
Marketmind: Australia hikes but tempers its outlook
A look at the day ahead in European and global markets from Tom Westbrook: Bond markets have curbed a little of last week’s enthusiasm about …
Foxconn sticks to strong end-of-year sales outlook
TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker and a major Apple supplier, on Sunday stuck to its previous outlook of strong year-end …
BorgWarner cuts 2023 revenue outlook due to weak yuan
(Reuters) – Auto parts supplier BorgWarner cut its full-year revenue forecast on Thursday as it expects to take a hit from foreign currency fluctuations, including …
Canada Goose cuts sales outlook on rocky China recovery
(Reuters) – Canada Goose Holdings cut its annual sales forecast on Wednesday, signaling China’s rocky recovery while sales in the U.S. continued to stay under …
Defense firm Leidos raises outlook on robust weapons demand
(Reuters) – U.S. defense contractor Leidos Holdings on Tuesday raised its full-year profit and revenue forecasts on the back of strong weapons demand amid rising …
OPEC+ members send less oil to U.S., adding to tight supply outlook
By Stephanie Kelly and Alex Lawler NEW YORK (Reuters) – U.S. waterborne imports of crude from OPEC+ members including Saudi Arabia have dropped steadily over …
Bunge lifts 2023 outlook as vegoils fuel profit beat; shares rally
By Karl Plume CHICAGO (Reuters) -Global crop trader and processor Bunge lifted its 2023 outlook on Thursday after its third-quarter profit topped Wall Street expectations, …
CenterPoint Energy raises full-year profit outlook, CEO to retire
(Reuters) – CenterPoint Energy Inc on Thursday raised its full-year profit outlook and announced that chief executive officer David Lesar will retire early next year. …
Analysis-War clouds Israel’s interest rate outlook
By Steven Scheer and Karin Strohecker JERUSALEM/LONDON (Reuters) – Israel’s war with Palestinian militant group Hamas has upended expectations of where Israeli short-term interest rates …
Major airline shares hit turbulence on disappointing profit outlook from United
By Shivansh Tiwary (Reuters) – Shares of major U.S. airlines fell on Wednesday, after a disappointing fourth-quarter forecast from United Airlines a day earlier spooked …
Layoffs lurk on Wall Street as macroeconomic outlook remains murky
By Manya Saini and Niket Nishant (Reuters) -Top U.S. banks could cut jobs further to keep their expenses in check, especially if lingering economic weakness …
Persistent US services inflation dampens oil outlook: Kemp
By John Kemp LONDON (Reuters) -U.S. service-sector businesses returned to steady expansion in the third quarter after a brief and scarcely perceptible slowdown in the …
IMF: Russia’s war spending fuels short-term growth, longer-term outlook ‘dim’
By Alexander Marrow (Reuters) – Huge fiscal spending on the military is fuelling short-term economic growth in Russia, but looking at the longer term picture …
Embraer to meet 2023 delivery outlook, sees similar growth next year -CEO
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian planemaker Embraer is confident it will meet its outlook for aircraft deliveries in 2023, seen growing by …
IMF raises Ukraine’s economic growth outlook to 2% in 2023
KYIV (Reuters) – The International Monetary Fund has revised its forecast for Ukraine’s economic growth this year up to 2%, and expects its gross domestic …
Top Treasury lawyer sees Brazil beating revenue outlook for tax disputes
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Nearly 40% of the extra revenue that Brazil’s government needs to erase its budget deficit next …
Middle East conflict adds new risks to global economic outlook
By Howard Schneider and Ann Saphir DALLAS (Reuters) – The outbreak of military conflict in the Middle East may leave central bankers battling new inflationary …
BIS’ Carstens: too early to say how new war will impact global outlook
DALLAS (Reuters) – Bank for International Settlements General Manager Agustin Carstens on Sunday said it’s “too early to say” how the newly erupted conflict in …
Lamb Weston raises annual outlook, shares up 10%
(Reuters) – Lamb Weston Holdings raised its full-year net sales and profit forecasts on Thursday, banking on higher prices for its ready-to-cook frozen potato appetizers …
Brazil’s BRF bullish on outlook for Christmas food sales
By Ana Mano SAO PAULO (Reuters) – BRF SA, one of Brazil’s biggest food companies, is bullish on its sales prospects ahead of the holiday …
World Bank keeps China 2023 GDP growth forecast but cuts 2024 outlook
BEIJING (Reuters) – The World Bank has maintained its forecast for China’s 2023 economic growth at 5.1%, in line with its previous estimate in April, …
Nike shares jump on leaner inventory, better margins outlook
By Savyata Mishra (Reuters) -Nike shares climbed as much as 11% on Friday as the company further trimmed its inventory ahead of the all-important holiday …
US new vehicle sales to rise for sixth month; UAW strike clouds Oct outlook – report
(Reuters) – New vehicle sales in the United States are projected to rise for a sixth consecutive month in September on strong demand, according to …
India says rising oil prices a concern, but economic outlook ‘bright’
NEW DELHI (Reuters) – Rising oil prices are a concern for the Indian economy but its outlook remains bright after better September monsoons and a …
S&P lifts SoftBank’s credit outlook to positive on Arm IPO
By Anton Bridge TOKYO (Reuters) -S&P Global Ratings revised its credit outlook for Japanese technology investor SoftBank Group to positive from stable after the initial …
Boeing slightly raises China 20-year demand outlook to 8,560 new planes
By Brenda Goh SHANGHAI (Reuters) -Boeing on Wednesday slightly increased its annual 20-year forecast for new plane deliveries to China, citing economic growth and increasing …
OECD raises 2023 global growth outlook, cuts 2024
PARIS (Reuters) – A stronger than expected U.S. economy is helping to keep a global slowdown in check this year but a weakening Chinese economy …
French central bank raises 2023 growth outlook, trims 2024 and 2025
PARIS (Reuters) – France’s economy will grow slightly less than expected in the next two years due to weakness in its main trade partners, the …
UK manufacturing trade body cuts outlook for 2023
By Suban Abdulla LONDON (Reuters) – Britain’s main manufacturing trade body on Monday cut its forecast for the sector’s growth for this year and next, …
U.S. consumer sentiment slips again but inflation outlook improves
(Reuters) – U.S. consumer sentiment edged lower for a second straight month in September but their economic outlook brightened modestly as household expectations for near-term …
ECB cuts growth outlook but raises key 2024 inflation projection
FRANKFURT (Reuters) – The European Central Bank cut its growth projections for the next two years while lifting some of its inflation forecasts, raising the …
Moody’s cuts China property sector’s outlook to negative
(Reuters) – Moody’s on Thursday cut China’s crisis-hit property sector’s outlook to negative from stable, citing economic growth challenges the ratings agency said would dampen …
EU cuts Italy GDP outlook, crimping room for Meloni’s budget promises
By Giuseppe Fonte ROME (Reuters) – The European Commission on Monday cut its forecasts for the Italian economy this year and next, following a slew …
Thai business group cuts 2023 GDP growth outlook to 2.5%-3.0%
BANGKOK (Reuters) – Thailand’s economy is expected to grow 2.5% to 3.0% this year, down from a previous forecast of 3.0% to 3.5%, due to …
Canadian dollar outlook seen less rosy as China’s economy weakens: Reuters poll
By Fergal Smith TORONTO (Reuters) – Analysts have cut their bullish near-term forecasts for the Canadian dollar as China’s economy weakens and the gap between …
Australia’s Macquarie loses most in 2 weeks on tepid asset management outlook
(Reuters) – Shares in Macquarie Group slipped more than 2% on Wednesday after the Australian investment bank flagged that its asset management division will face …
Hawaiian Airlines parent tempers outlook on Maui wildfire, engine issues
(Reuters) – Hawaiian Holdings Inc, the parent company of Hawaiian Airlines, said on Tuesday that its third-quarter revenue had been trending positively but was reversed …
Foxconn’s August sales drop 8% y/y, Q3 outlook better
TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker and a major supplier for Apple, said on Tuesday revenue in August fell 8% …
Japan household spending suffers biggest drop in 2-1/2 years; outlook not as gloomy
TOKYO (Reuters) – Japanese household spending suffered its biggest drop in nearly 2-1/2 years squeezed by rising prices, although volatility in some items meant the …
Australia’s sovereign fund misses return target, says outlook choppy
By Lewis Jackson SYDNEY (Reuters) – Australia’s sovereign wealth fund missed its return target for the year to June and its chairman warned on Wednesday …
South Korea exports to extend downturn amid worsening China outlook: Reuters poll
By Jihoon Lee SEOUL (Reuters) – South Korea’s exports likely fell in August for an 11th consecutive month, a Reuters survey showed on Wednesday, as …
Peru slashes growth outlook amid falling copper investment
By Marco Aquino LIMA (Reuters) – Peru lowered its economic growth forecasts for 2023 and 2024 on Tuesday amid poor weather, lower private investment in …
What a Great Weather Outlook for NYC This Weekend
NEW YORK, NY – Today, New York City could see some showers before 8am and then again slightly after 5pm. Early patchy fog is expected …
Dick’s Sporting shares slide as costs, inventory shrink slam annual profit outlook
(Reuters) – Dick’s Sporting Goods shares slumped as much as 24.5% on Tuesday as the footwear retailer slashed its full-year profit target after missing expectations …
Fed’s long-term GDP outlook is dismal; the economy hasn’t got the message yet
By Howard Schneider WASHINGTON (Reuters) – After puzzling for years over the sluggish U.S. rebound from the 2007-2009 recession, the Federal Reserve had a reckoning …
UK homebuilder shares tumble after Crest Nicholson cuts annual profit outlook
LONDON (Reuters) – UK homebuilder shares tumbled on Monday, set for their biggest one-day drop in over six weeks, led by a 14.9% fall in …
Analysis-China’s sputtering economy curbs outlook for diesel demand for rest of 2023
By Andrew Hayley BEIJING (Reuters) – China’s muted economic growth in 2023 as its post-COVID recovery underwhelms has crimped the outlook for demand for diesel …
Fed Chair Powell to give economic outlook at Jackson Hole Aug 25
(Reuters) – Federal Reserve Chair Jerome Powell will deliver a talk on the economic outlook on Aug. 25 at the central bankers’ confab held each …