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…
China’s reopening brightens developing Asia’s 2023 growth outlook – ADB
By Karen Lema MANILA (Reuters) – Developing Asia will grow faster than previously thought this year, underpinned by a stronger-than-projected rebound in China, but risks from global banking turmoil could weigh on…
World Bank maintains Thailand’s 2023 growth outlook at 3.6%
BANGKOK (Reuters) – Thailand’s economy is expected to grow by 3.6% this year, up from 2.6% last year, supported by stronger private consumption, a recovery in the tourism sector and strong pent-up…
Fed officials keep rate hike door open, say bank stress may weigh on outlook
By Michael S. Derby, Ann Saphir and Howard Schneider WASHINGTON (Reuters) -Three Federal Reserve officials kept the door open on Thursday to more rate rises aimed at lowering high levels of inflation,…
China’s top airlines post record annual losses, outlook brighter
BEIJING (Reuters) – China’s flagship carrier Air China Ltd posted record annual losses of 38.6 billion yuan ($5.61 billion)on Thursday as the country’s now-abandoned zero-COVID policy led to a plunge in demand.…
McCormick beats quarterly estimates on higher prices, reiterates outlook
(Reuters) – McCormick & Co Inc beat first-quarter sales and profit expectations on Tuesday as the Cholula sauce maker benefited from multiple prices increases. Shares of the company, which reiterated 2023 sales…
Goldman Sachs cuts outlook for European bank debt over Credit Suisse crisis
LONDON (Reuters) – Goldman Sachs has cut its recommendation on exposure to European bank debt to neutral from overweight, saying a lack of clarity on Credit Suisse’s future path would put pressure…
OECD hikes growth outlook, but warns recovery fragile
By Leigh Thomas PARIS (Reuters) – The global economic outlook has improved from a few months ago as the inflation shock eases but rising interest rates will keep risks high, the OECD…
ECB goes big on rates but bank turmoil clouds outlook for central banks
LONDON (Reuters) – The European Central Bank on Thursday stuck with plans for a big interest rate increase, keeping up the pace of its monetary tightening to contain inflation even as markets…
Norwegian companies see stable outlook, central bank survey shows
OSLO (Reuters) – Activity in the Norwegian economy is levelling off and companies expect business prospects to be stable in the first half of 2023, a central bank business survey showed on…
Rio Tinto sees robust short term outlook for copper
KHANBOGD, Mongolia (Reuters) – The short-term outlook for copper is “pretty healthy,” with global stockpiles trending down and mine disruptions having eroded supply from Latin America, Rio Tinto’s head of copper Bold…
BoE’s Mann says sees pound sensitive to views on Fed, ECB outlook
LONDON (Reuters) – Bank of England rate-setter Catherine Mann said on Tuesday that the pound could face downward pressure if investors have not yet fully priced in hawkish messages from the U.S.…
HelloFresh shares drop as profit outlook disappoints
By Linda Pasquini (Reuters) -HelloFresh forecast 2023 profit below analysts’ expectations on Tuesday, sending its shares down as much as 12.7%, as fewer people order its meal kits in reopening economies and…
Australian pallets maker Brambles hikes annual profit outlook; shares jump
By Harish Sridharan (Reuters) -Australian logistics company Brambles Ltd raised its annual earnings outlook on Friday as it offset cost pressures with product price hikes, sending its shares 7.5% higher in their…
UK retail sales flat in Feb after Jan fall, outlook gloomy: CBI
LONDON (Reuters) -British retail sales held steady in February after falling in January but stores expected sales volumes to slip again in March as the rising cost of living eats away at…
Disasters lower outlook for New Zealand interest rate rise
By Lucy Craymer WELLINGTON (Reuters) – Expected damage to New Zealand’s economy from severe weather over the past three weeks has prompted financial markets to downgrade the outlook for interest rate rises.…
Swiss Re 2022 net profit down 67%; sees brighter outlook for 2023
FRANKFURT (Reuters) – Reinsurance company Swiss Re said on Friday that net profit for 2022 fell 67% as it faced claims from Hurricane Ian in Florida, pandemic losses, and high inflation, but…
Sticky inflation prompts EBRD to trim 2023 growth outlook for its region
By Jorgelina do Rosario LONDON (Reuters) – High gas prices and persistent inflation eroding real wages will limit growth in emerging Europe, central Asia and north Africa, the European Bank for Reconstruction…
Euro bulls get a reality check as investors assess rate outlook
By Samuel Indyk and Alun John LONDON (Reuters) – Euro bulls might have to curb their enthusiasm after the rush to buy the single currency may have left it vulnerable in the…
Chinese chipmaker SMIC warns of weak outlook despite record 2022 revenue
SHANGHAI (Reuters) -Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) on Thursday warned of a weak 2023 despite record high sales last year, as slowing demand for electronics placed pressure on its…
Fed’s Williams: Financial conditions seem broadly consistent with the Fed’s outlook on policy
By Michael S. Derby NEW YORK (Reuters) – New York Fed President John Williams said financial conditions are roughly in line with what central bankers want to see. “We still have work…
Canadian dollar to rise later in 2023 on more favorable global outlook: Reuters poll
By Fergal Smith TORONTO (Reuters) – The Canadian dollar is set to rise later this year as the global economic outlook turns more favorable for commodity-linked currencies and investors bet central banks…
Iceland’s central bank raises key rate as inflation outlook worsens
COPENHAGEN (Reuters) – Iceland’s central bank raised its key policy interest rate by half a percentage point to 6.5% on Wednesday, its first rate hike in 2023, and warned of further monetary…
Thai shippers retain export growth outlook of 1-2% this year
BANGKOK (Reuters) – Thailand’s exports are likely to grow 1% to 2% this year, unchanged from a previous forecast, due to slowing global demand, the country’s shippers’ council said on Tuesday. Shipments,…
Lockmaker Assa Abloy boosts dividend, but wary on outlook
STOCKHOLM (Reuters) -Assa Abloy, the world’s biggest lockmaker, raised its dividend more than expected as it met quarterly profit forecasts on Friday, signalling its confidence even as it braces for an uncertain…
Brazil currency firms, rate cut bets pushed back by central bank’s hawkish outlook
By Marcela Ayres BRASILIA (Reuters) – Brazil’s currency firmed and interest rate futures jumped on Thursday as a more hawkish outlook from the central bank led economists to push back forecasts for…
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