Industry pain abounds as electric car demand hits slowdown
By Nick Carey and Joseph White (Reuters) – While automakers and suppliers are betting big on future demand for electric vehicles, a near-term global slowdown is causing pain, including bankruptcies, scrapped initial…
Ukraine’s Zelenskiy notes signs of ‘slowdown’ in Russian military plans, industry
(Reuters) – President Volodymyr Zelenskiy said on Thursday that Ukraine was receiving signals that Russia’s military planning and activity were slowing. Zelenskiy, in his nightly video address, said this was noted in…
Peloton forecasts weak holiday-quarter revenue as demand slowdown bites
By Kannaki Deka (Reuters) -Exercise equipment maker Peloton Interactive Inc on Thursday forecast revenue below estimates for the all-important holiday quarter and posted a bigger-than-expected quarterly loss, as sticky inflation keeps discretionary…
Airbnb forecasts fourth-quarter revenue below estimates on demand slowdown
By Priyamvada C and Doyinsola Oladipo (Reuters) -Airbnb forecast fourth-quarter revenue slightly below Wall Street estimates on Wednesday, as tourists scale back on travel due to rising costs, uncertain economic conditions and…
Luxury slowdown further challenges Gucci revival
By Mimosa Spencer PARIS (Reuters) – French luxury group Kering’s sales are likely to have slowed again in the third quarter as it seeks to reignite its star label Gucci under a…
Fisker adjusts prices as EV market sees signs of demand slowdown
(Reuters) – Fisker cut prices of its high-end Ocean Extreme SUV on Monday, while raising prices on two lower-priced variants, as the firm grapples with a slowdown in electric-vehicle demand and a…
IMF says China property slowdown will weigh on Asia’s growth
By Xinghui Kok SINGAPORE (Reuters) – The International Monetary Fund (IMF) downgraded its 2023 and 2024 growth forecasts for China, saying its recovery was “losing steam” and citing weakness in its property…
Japan Aug machinery orders fall, overseas slowdown may weigh
TOKYO (Reuters) – Japan core machinery orders fell for a second straight month in August, suggesting worries about a global economic slowdown and China’s wobbly recovery may be hurting companies’ appetite to…
Most Japanese firms expect China’s economic slowdown to persist into 2025 – Reuters poll
By Tim Kelly TOKYO (Reuters) – Most Japanese companies expect a slowdown in China’s economy to persist into 2025, with nearly two thirds of firms that operate there looking to shift some…
UK vacancies fall but jobs market slowdown may be ending-REC
LONDON (Reuters) – British employers cut their job vacancies for the first time in more than two-and-a-half years in September and reduced their hiring again, a recruiters’ industry body said on Wednesday,…
Asking prices for UK homes pick up slightly despite summer slowdown: Rightmove
LONDON (Reuters) – Asking prices for homes in Britain rose marginally this month following a sharp drop in August, but buyer affordability is expected to improve in the coming months as elevated…
Argentina government expects economic rebound, inflation slowdown in 2024
BUENOS AIRES (Reuters) – Argentina’s economy is expected to grow 2.7% in 2024 after contracting 2.5% this year, according to a budget proposal sent by the economy ministry to Congress late on…
Analysis-Iran’s nuclear slowdown may prop up US hopes to ease tensions
By Arshad Mohammed and Francois Murphy WASHINGTON/VIENNA (Reuters) – Iran’s limited steps to slow its buildup of near-weapons-grade uranium may help ease U.S.-Iranian tensions but do not signify progress toward a wider…
Analysis-US banks hold $3.3 trillion cash amid banking crisis, slowdown worries
By Saeed Azhar and Ann Saphir NEW YORK/SAN FRANCISCO (Reuters) – U.S. lenders are holding onto large piles of cash as insurance against a slowing economy, continuing deposit outflows and looming tougher…
Marketmind: Strikes, system failures and a slowdown
A look at the day ahead in European and global markets from Tom Westbrook: Workers at two Chevron liquefied natural gas facilities in Australia plan stoppages next week, putting European gas traders…
US auto sales hint slowdown as economic woes weigh – S&P Global Mobility
(Reuters) -U.S.-light vehicle sales are expected to remain steadfast in August but are showing early signs of a slowdown, S&P Global Mobility said on Monday. “Rising interest rates, credit tightening and new…
BOJ Ueda says China’s slowdown adds to economic uncertainty
TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said the pace of economic activity in China has been a disappointment that could cloud Japan’s economic outlook, according to a text of…
Head of France’s Medef business lobby: seeing some signs of business slowdown
PARIS (Reuters) – There are signs of a slowdown in business activity in France and interest rates are also weighing on businesses, Patrick Martin, the head of France’s Medef business lobby group,…
Analysis-China-linked assets squeezed as slowdown ripples across markets
By Tom Westbrook and Dhara Ranasinghe SINGAPORE/LONDON (Reuters) – Investors looking for clues about the state of China’s economy beyond official data are seeing red warnings flash across a range of informal…
Brazil’s helicopter market seen picking up in H2 after early 2023 slowdown
By Gabriel Araujo SAO PAULO (Reuters) – Major helicopter manufacturers operating in Brazil expect a demand recovery in the second half of 2023 after a relatively slow first six months, but are…
French inflation confirms its slowdown at 5,0% in July- final figures
PARIS (Reuters) – French annual inflation reached 5.0% in July, in line with preliminary figure and down from 5.3% in June, dragged down by lower energy, food and manufacturing prices, according to…
Analysis-US stock gains may grow elusive as boost from inflation slowdown wanes
By Lewis Krauskopf NEW YORK (Reuters) – As inflation worries ease, U.S. stocks may need a fresh source of fuel to propel further gains this year, investors said. Data released on Thursday…
Gloomy Spirit, Expedia reports drag travel stocks lower on demand slowdown fears
(Reuters) – U.S. travel stocks fell in early trading on Thursday following downbeat quarterly reports from Spirit Airlines and Expedia that amplified concerns domestic demand may be easing after a strong rebound…
Rio Tinto warns on global slowdown risks, production issues
By Melanie Burton and Navya Mittal MELBOURNE (Reuters) – Rio Tinto flagged concerns about a global economic slowdown on Wednesday as it logged a raft of production issues across its operations but…
UK buyers retreat from housing market, further slowdown seen – RICS
By Suban Abdulla LONDON (Reuters) – Britain’s housing market showed signs of a slowdown in June and property surveyors expect activity to remain subdued as higher borrowing costs hit new buyer enquiries,…
Analysis-China slowdown prompts export-reliant Europe stocks rethink
By Joice Alves LONDON (Reuters) – A lack of clarity on Beijing’s planned stimulus measures will mean a mixed appetite for European stocks over the rest of 2023, investors say, with China…
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