VW, Toyota saw China market share shrink in 2023: industry association
By Qiaoyi Li and Brenda Goh BEIJING (Reuters) – Volkswagen Group and Toyota Motor saw their share of the world’s largest auto market shrink last year, industry data showed on Wednesday, as…
German economy expected to shrink slightly in Q3 – econ ministry
BERLIN (Reuters) – Germany’s economy is seen as shrinking slightly in the third quarter as the global economic slowdown, money tightening and energy prices slow its expected recovery, the economy ministry said…
German economy to shrink in Q3: Bundesbank
FRANKFURT (Reuters) – The German economy is likely to shrink this quarter as industry is in recession and private consumption is adding little to growth, the Bundesbank said in a monthly economic…
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 for the second quarter. The company said…
Indonesia’s May trade surplus to shrink to $3.02 billion – Reuters poll
JAKARTA (Reuters) – Economists surveyed in a Reuters poll expect Indonesia’s May trade surplus to shrink from the previous month, following a decline in exports because of weakening commodity prices. The median…
US food aid could shrink under debt ceiling deal, hunger groups warn
By Leah Douglas WASHINGTON (Reuters) – Changes to the largest U.S. food aid program in the debt deal passed by Congress this week could force hundreds of thousands of older Americans off…
Russia’s defence spending to climb as revenues shrink – German IW Institute
BERLIN (Reuters) -Russia is clearly developing into a war economy, with spending on defence increasing while state revenues shrink, the German Economic Institute IW said in a report on Thursday. Russia had…
Sri Lanka economy could shrink by -3.5% to -4%, president says
COLOMBO (Reuters) – Sri Lanka’s economy could contract by -3.5 or -4.0% in 2023 after shrinking -11% last year, President Ranil Wickremesinghe said on Saturday. “From 2024, we will take this economy…
Fed officials offering less confidence reverse repo usage will shrink
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve officials may be starting to come to terms with the fact that massive inflows of cash into one of the central bank’s…
Egypt private sector activity continues to shrink in December -PMI
CAIRO (Reuters) – Activity in Egypt’s non-oil private sector contracted in December for the 25th straight month as inflation, a weaker currency and continued import controls dampened business, a survey showed on…
UK economy forecast to shrink 1.4% in 2023
LONDON (Reuters) – Britain’s economy is forecast to shrink by 1.4% in 2023, finance minister Jeremy Hunt said on Thursday, citing the latest projections from the Office for Budget Responsibility (OBR). The…
Ukraine economy to shrink by almost 32% in 2022 – central bank
(Reuters) – Ukraine’s economy will shrink by almost 32% this year and annual inflation will accelerate to 30%, largely due to the damage done by Russia’s invasion, the Ukrainian central bank said…
India’s overall forex reserves to shrink further this year – Deutsche Bank
MUMBAI (Reuters) – India’s overall foreign exchange reserves will deplete further this year due to a ballooning current account deficit and interventions by the central bank to support the rupee, Deutsche Bank…
UK factory output, orders shrink at fastest pace since 2020-PMI
LONDON – British manufacturing output and new orders declined in July at the fastest rate since May 2020, as factories across Europe struggled with rising costs and slowing demand, a survey showed…
Asian firms’ capex to shrink in 2023, first since ’15 – data
By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Asian companies will slow investment sharply this year, deterred by soaring interest rates and fears of deepening recession, and budgets will on average fall…
Hedge funds assets shrink amid investors withdraws, losses
NEW YORK – Hedge funds assets fell below $4 trillion in June, dragged down by poor performance and investors’ withdraws, data provider HFR showed on Thursday. Amid high volatile across markets, investors…
Fed’s Daly: growth will slow, but don’t expect economy to shrink
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Tuesday said she believes the U.S. economy will slow to below 2% annual growth as the Fed raises interest rates, but…
S.Korea June 1-10 exports shrink 12.7%, trade deficit at $6 billion
SEOUL – South Korea’s exports for the first 10 days of June shrank 12.7% from the same period a year before, customs agency data showed on Monday. The country’s imports grew 17.5%,…
Finnair to adapt and shrink after Russian airspace closure, CEO tells Bloomberg
HELSINKI – Finland’s national carrier Finnair, hit hard by the closure of Russian airspace, plans to shift its focus away from Asia travel and reduce the size of its operations, the chief…
South Korea May factory growth slows as output, export orders shrink – PMI
SEOUL – South Korea’s factory activity growth slowed in May, as output and export orders contracted amid supply-chain disruptions due to China’s COVID-19 lockdown measures, a private-sector survey showed on Thursday. The…
Canada records second surplus of fiscal 2021/22 in February as year-to-date deficit continues to shrink
By Julie Gordon OTTAWA – Canada recorded its second surplus of fiscal 2021/22 in February, as its budget deficit for the first 11 months of the fiscal year shrunk considerably compared with…
Melvin Capital to shrink after GameStop losses -source
(Reuters) – Melvin Capital Management is planning to shrink to $5 billion from the $8.7 billion it managed at the end of March, aiming to become more nimble to seek better returns,…
Outlook for Afghan economy ‘dire’ as household incomes shrink – World Bank
(Reuters) – The outlook for Afghanistan’s economy is dire with per capita income having fallen by over a third in the last four months of 2021 after the Islamist Taliban seized power…
S.Korea factory growth slows in March as output, export orders shrink – PMI
SEOUL – South Korea’s factory activity slowed in March, as the economic fallout from the Ukraine war added strains to firms already struggling with supply chain disruptions and inflationary pressures, a private-sector…
Toilet Paper Prices Soar As Companies Shrink The Item Itself
Toilet Paper Prices Soar As Companies Shrink The Item Itself Harry Wilmerding on March 9, 2022 The price of toilet paper has soared as producers shrink the since of the item to…
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