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…
Japan business mood up, global slowdown weighs on outlook – Reuters Poll
By Tetsushi Kajimoto TOKYO (Reuters) – Sentiment of big Japanese manufacturers rose for the first time in four months in December, and the service-sector mood hit a three-year high, a Reuters monthly…
IMF’s Georgieva flags inflation, China slowdown as risks to Asia
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva flagged rising inflationary pressures and China’s economic slowdown as risks to Asia’s economic outlook, calling on…
Hong Kong sees IPO slowdown reversing; eyes international issuers
By Sumeet Chatterjee HONG KONG (Reuters) – Hong Kong has more than a hundred applicants in the pipeline for initial public offerings (IPOs) and is eyeing more companies and investors from markets…
BofA CEO sees two-year housing slowdown as U.S. rates rise
By Lananh Nguyen and Niket Nishant (Reuters) – Bank of America Corp chief executive officer Brian Moynihan said activity in the U.S. housing market will probably slow for two years as the…
Canadian province of Ontario cuts deficit forecast, braces for slowdown
By Fergal Smith TORONTO (Reuters) -Ontario on Monday projected a smaller budget deficit for the current fiscal year as robust economic growth boosted tax revenues in Canada’s most populous province, but it…
BP workers at Rotterdam refinery begin work slowdown – union
AMSTERDAM (Reuters) – Workers at BP’s refinery in Rotterdam began a “work-to-rule” action after an ultimatum expired at noon with no new pay agreement in place, a union spokeman said on Monday.…
EU exec revises up 2022 euro zone growth forecast, sees bigger slowdown in 2023
BRUSSELS (Reuters) – The euro zone economy will grow more than previously expected in 2022, the European Commission forecast on Friday, and decelerate more than previously thought in 2023, but the slowdown…
Central banks stay firmly in rate hike mode but slowdown on cards
LONDON (Reuters) – The United States, Australia, Britain and Norway have all raised interest rates this week in the latest sign that central banks remain in tightening mode to contain red-hot inflation.…
AbbVie misses sales estimates as Botox, Juvederm face slowdown jitters
(Reuters) -AbbVie Inc on Friday missed Wall Street estimates for quarterly sales, hurt by weaker-than-expected revenue from its popular facial filler Juvederm and blockbuster anti-wrinkle injection Botox. North Chicago, Illinois-based Abbvie’s shares…
China auto market faces slowdown as inventory builds – CMBI
SHANGHAI (Reuters) – Automakers in China delivered a record number of cars to dealers in the first nine months of the year even as retail demand slowed, setting up the market for…
Intel plans to cut thousands of jobs hit by PC slowdown – Bloomberg News
(Reuters) -Chipmaker Intel Corp is planning a major reduction in headcount, likely numbering in the thousands, in the face of a slowdown in the personal computer market, Bloomberg News reported on Tuesday,…
Portugal’s draft budget targets lower deficit despite steep slowdown
By Sergio Goncalves LISBON (Reuters) -Portugal unveiled its draft 2023 budget on Monday, projecting a steep slowdown in economic growth with high energy and food prices expected to weigh on private consumption,…
Factbox-Companies cut jobs, freeze hiring to prepare for economic slowdown
(Reuters) – Technology companies, crypto exchanges and financial firms are cutting jobs and slowing hiring as global economic growth slows due to higher interest rates, red-hot inflation and an energy crisis in…
World Bank cuts 2022 East Asia growth outlook, cites China slowdown
MANILA (Reuters) – Economic growth in East Asia and the Pacific will weaken sharply in 2022 due to China’s slowdown, but the pace of expansion will pick up next year, the World…
Banks in the euro zone will have to raise provisions to cope with economic slowdown
MADRID (Reuters) – Banks in the euro zone will have to raise provisions to cope with the consequences of the economic slowdown due to the fallout from Russia’s war in Ukraine, ECB…
Euro zone slowdown not enough to control inflation, ECB’s de Guindos says
FRANKFURT (Reuters) – The euro zone’s economic slowdown – or possibly recession – will not be enough to control inflation, and the European Central Bank will have to keep raising interest rates,…
Tracking China’s slowdown
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Another day, another surge in U.S. bonds yields, and another sell-off on global markets. On top of that,…
French central bank sees slowdown next year, risk of recession
PARIS (Reuters) – The French economy will slow sharply next year in the face of Europe’s energy crisis, with a risk of a “limited and temporary” recession in the worst-case scenario, the…
Ferragamo sales beat forecasts in H1 despite slowdown in China
MILAN (Reuters) -Revenues at Italian luxury group Salvatore Ferragamo topped market forecasts in the first half of the year despite a slight slowdown in the second quarter due to COVID-19 restrictions in…
CMA CGM expects shipping slowdown after another strong quarter
PARIS (Reuters) – Weakening consumer spending is curbing shipping demand and freight rates, transport giant CMA CGM <CMACG.UL> said on Friday as it reported another jump in quarterly profits. French-based CMA CGM,…
ECB’s Lane sees euro area slowdown, does not rule out technical recession
MADRID (Reuters) – The euro zone’s economy is likely to experience an economic slowdown, European Central Bank’s chief economist Philip Lane said on Tuesday, adding however that he did not rule out…
Global equity funds see large outflows on slowdown worries
(Reuters) – Global equity funds witnessed their biggest weekly capital withdrawals in five weeks in the week to Aug. 24 on concerns that rate hikes would lead to a recession. Investors were…
Canadian companies stick to hiring plans even as slowdown looms
By Shreya Jain and Allison Lampert TORONTO – The pace of job creation is slowing in Canada, hammered by the sharp rise in interest rates, but that is yet to hold back…
Analysts slash platinum and palladium forecasts amid global slowdown: Reuters poll
By Ashitha Shivaprasad and Peter Hobson (Reuters) – Analysts and traders have sharply lowered their price forecasts for platinum and palladium as a global economic slowdown reduces demand, a Reuters poll showed…
Amazon, Apple raise hopes as investors brace for slowdown
By Eva Mathews (Reuters) – Apple and Amazon added about $175 billion to their combined market value on Friday after upbeat results boosted investor confidence on the ability of these firms to…
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