NEW DELHI (Reuters) – Rising oil prices are a concern for the Indian economy but its outlook remains bright after better September monsoons and a retreat in the prices of …
outlook
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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 public offering (IPO) of British …
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Business News
Boeing slightly raises China 20-year demand outlook to 8,560 new planes
by Reutersby ReutersBy 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 demand for domestic travel. The …
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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 will prove to be a …
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Business News
French central bank raises 2023 growth outlook, trims 2024 and 2025
by Reutersby ReutersPARIS (Reuters) – France’s economy will grow slightly less than expected in the next two years due to weakness in its main trade partners, the central bank said on Monday, …
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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, citing a sharp fall in …
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Business News
U.S. consumer sentiment slips again but inflation outlook improves
by Reutersby Reuters(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 inflation fell to the lowest …
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Business News
ECB cuts growth outlook but raises key 2024 inflation projection
by Reutersby ReutersFRANKFURT (Reuters) – The European Central Bank cut its growth projections for the next two years while lifting some of its inflation forecasts, raising the spectre of stagflation, a period …
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(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 sales despite government support. Moody’s …
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Business News
EU cuts Italy GDP outlook, crimping room for Meloni’s budget promises
by Reutersby ReutersBy Giuseppe Fonte ROME (Reuters) – The European Commission on Monday cut its forecasts for the Italian economy this year and next, following a slew of weak data which limits …
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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 declining exports and public expenditure, …
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Business News
Canadian dollar outlook seen less rosy as China’s economy weakens: Reuters poll
by Reutersby ReutersBy 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 U.S. and Canadian bond yields …
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Australia’s Macquarie loses most in 2 weeks on tepid asset management outlook
by Reutersby Reuters(Reuters) – Shares in Macquarie Group slipped more than 2% on Wednesday after the Australian investment bank flagged that its asset management division will face continued economic headwinds through the …
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Business News
Hawaiian Airlines parent tempers outlook on Maui wildfire, engine issues
by Reutersby Reuters(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 after the West Maui wildfire …
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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% year-on-year but forecast a better …
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Business News
Japan household spending suffers biggest drop in 2-1/2 years; outlook not as gloomy
by Reutersby ReutersTOKYO (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 outlook might not be as …
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Business News
Australia’s sovereign fund misses return target, says outlook choppy
by Reutersby ReutersBy Lewis Jackson SYDNEY (Reuters) – Australia’s sovereign wealth fund missed its return target for the year to June and its chairman warned on Wednesday that markets were downplaying the …
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South Korea exports to extend downturn amid worsening China outlook: Reuters poll
by Reutersby ReutersBy Jihoon Lee SEOUL (Reuters) – South Korea’s exports likely fell in August for an 11th consecutive month, a Reuters survey showed on Wednesday, as economic recovery in top export …
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By Marco Aquino LIMA (Reuters) – Peru lowered its economic growth forecasts for 2023 and 2024 on Tuesday amid poor weather, lower private investment in mining, and anti-government protests earlier …
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NEW YORK, NY – Today, New York City could see some showers before 8am and then again slightly after 5pm. Early patchy fog is expected to clear by 8am. The …
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Business News
Dick’s Sporting shares slide as costs, inventory shrink slam annual profit outlook
by Reutersby Reuters(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 for the second quarter. The …
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Business News
Fed’s long-term GDP outlook is dismal; the economy hasn’t got the message yet
by Reutersby ReutersBy 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 at its policy meeting in …
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UK homebuilder shares tumble after Crest Nicholson cuts annual profit outlook
by Reutersby ReutersLONDON (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 Crest Nicholson shares which plunged …
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Business News
Analysis-China’s sputtering economy curbs outlook for diesel demand for rest of 2023
by Reutersby ReutersBy 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 fuel, the oil product that …
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Business News
Fed Chair Powell to give economic outlook at Jackson Hole Aug 25
by Reutersby Reuters(Reuters) – Federal Reserve Chair Jerome Powell will deliver a talk on the economic outlook on Aug. 25 at the central bankers’ confab held each year in Jackson Hole, Wyoming …