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…
JD Sports says still on track despite North American slowdown
By Sarah Young LONDON (Reuters) -JD Sports Fashion said there had been some softening in trade in its North American business in June, which would be offset by growth in demand for…
Sharp slowdown in growth of bank lending for euro zone and Germany forecast
FRANKFURT (Reuters) – High interest rates will keep a lid on the pace of bank lending in Europe this year and next, with a particular slowdown in growth in Germany as demand…
Goldman Sachs cuts China growth forecast as property slowdown bites
SINGAPORE (Reuters) – Goldman Sachs analysts have cut forecasts for China’s economic growth, citing persistently weak confidence and the cloud over the property market as stronger-than-expected headwinds. The U.S. investment bank lowered…
New inflation data tests Fed’s faith in housing slowdown thesis
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve officials for months have been counting on slower-rising U.S. housing prices to help in their efforts to control inflation, and there are good reasons…
Fearing Economic ‘Slowdown,’ Oil Drillers Just Shut Down The Most Rigs In Any Week Since 2021
Fearing Economic ‘Slowdown,’ Oil Drillers Just Shut Down The Most Rigs In Any Week Since 2021 John Hugh DeMastri on June 2, 2023 Oil drillers in the U.S. cut the number of…
JPMorgan president says loan demand declining, US economic slowdown weighs
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co’s President and Chief Operating Officer Daniel Pinto said loan demand is declining at a time when regional and…
Nvidia rally: Retail investors stay out on growing slowdown worries
By Medha Singh (Reuters) – The rally in the shares of Nvidia Corp that briefly propelled its market value to the trillion-dollar club saw little participation by retail traders, data showed, the…
Toronto stock market seen up but slowdown in China could crimp gains: Reuters poll
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index will rally less than previously expected in 2023 as higher borrowing costs cool the domestic economy and signs China’s recovery is slowing…
China’s fresh COVID wave raises concern of trading volume slowdown
SHANGHAI/SINGAPORE (Reuters) – A fresh wave of COVID-19 is spreading through China as people return from public holiday travel, reaching trading floors and raising concern of an impact to trading volume –…
U.S. diesel stocks bounce in sign of economic slowdown
By Laura Sanicola (Reuters) – A slowing manufacturing sector is starting to put a dent in U.S. diesel demand, traders and fuel experts said this week, helping rebuild stocks that were extremely…
Malaysia central bank maintains 2023 growth forecast amid global slowdown
By Rozanna Latiff KUALA LUMPUR (Reuters) – Malaysia’s central bank on Wednesday maintained its economic growth forecast for 2023 at 4% to 5%, saying that improved domestic conditions will likely offset risks…
Ocado says Kroger committed to build more warehouses despite roll-out slowdown
LONDON (Reuters) – U.S. supermarket group Kroger Co is committed to building more automated warehouses in partnership with British online grocer and technology group Ocado, despite slowing a roll-out of sites, Ocado…
Asian company earnings cut on China, global slowdown worries
By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Equity analysts are cutting their estimates for Asian companies’ earnings because of worries about slowing global growth and the absence of a boost from…
Pessimism persists at big Japanese manufacturers amid global slowdown
By Tetsushi Kajimoto TOKYO (Reuters) – Big Japanese manufacturers remained pessimistic about business conditions for a third straight month in March, the closely watched Reuters Tankan survey showed, reflecting worry about slowing…
Irish finance minister sees less severe economic slowdown
DUBLIN (Reuters) – An expected economic slowdown may not be as severe as feared, Ireland’s finance minister said on Friday after data showed consumer spending continued to grow even as the country’s…
WTO sees short-lived slowdown of global goods trade growth
GENEVA (Reuters) – Global merchandise trade growth slowed at the end of 2022 and was likely to remain weak in the first quarter of this year, the World Trade Organization said on…
Swiss government says it expects economic slowdown but no recession
ZURICH (Reuters) – The Swiss economy is expected to slow this year but will not slide into a recession, the government said on Tuesday, after it reported zero growth at the end…
Japan manufacturers gloomy as global slowdown hurts – Reuters Tankan
By Tetsushi Kajimoto TOKYO (Reuters) – Big manufacturers in Japan remained gloomy in February and the service-sector mood slid for a second straight month, a Reuters’ poll showed, a sign that the…
South Korea’s think tank warns of steeper economic slowdown in H1
SEOUL (Reuters) – The rising cost of living is likely to hurt South Korea’s economy much more significantly in the first half of this year than previously thought, its top government research…
Canada factory sector posts longest slowdown in 7 years
TORONTO (Reuters) – Canadian manufacturing activity contracted at a slightly faster rate in December as an uncertain economic outlook and high inflation undercut demand, while the recent trend of easing cost pressures…
U.N. body says slowdown in global trade to worsen in 2023
BERLIN (Reuters) – The ongoing slowdown in global trade is expected to worsen in 2023, the U.N. Conference on Trade and Development (UNCTAD) said on Tuesday. “While the outlook for global trade…
Swiss gov’t expects economic slowdown in 2023 but no recession
ZURICH (Reuters) – The Swiss government expects the country’s economic growth to slow next year although it should avoid a recession, it said on Tuesday, with no energy shortages causing widespread production…
Japan’s Q4 tankan factory mood set to weaken on inflation, global slowdown: Reuters Poll
By Kantaro Komiya TOKYO (Reuters) – Japanese manufacturers’ sentiment likely weakened in the last quarter of 2022 on sustained cost pressures and a bleaker global economic outlook, a Reuters poll of analysts…
Polish central bank says data suggests further slowdown
WARSAW (Reuters) – Polish macroeconomic data suggests there will be a further slowdown in gross domestic product growth, the Polish central bank said on Wednesday after it left its main interest rate…
Mexico peso seen resilient through economic slowdown in 2023: Reuters poll
By Gabriel Burin BUENOS AIRES (Reuters) – The Mexican peso will weaken only modestly in 2023 through a gathering economic slowdown as confidence in the country’s moderate policies and manageable debt metrics…
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