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…
Euro zone Q2 growth accelerates, defies expectations of slowdown
BRUSSELS – Euro zone economic growth accelerated quarter-on-quarter in the second quarter, preliminary data showed on Friday, defying expectations of a slowdown, thanks to a much stronger than forecast performance in Spain,…
N.Korea’s economy shrinks for two straight years but pace of slowdown eases -S.Korea central bank
By Soo-hyang Choi SEOUL – North Korea’s economy shrank in 2021 for a second straight year after suffering its biggest contraction in more than two decades the previous year amid U.N. sanctions…
Slowdown and cooling prices could ease rate hike pressure on BoE – PMI
By William Schomberg LONDON -Britain’s businesses grew at their slowest pace in 17 months in July and inflation pressures eased, according to an industry survey that might reduce pressure on the Bank…
‘A Definite Slowdown’: Business Owners Say They’re Already Seeing Signs Of Recession
‘A Definite Slowdown’: Business Owners Say They’re Already Seeing Signs Of Recession Max Keating on July 15, 2022 Companies of all sizes are pointing to slower business, inflation and profit declines as…
China GDP data to show sharp slowdown in Q2, tepid recovery in June
By Kevin Yao BEIJING – China is expected to report a sharp slowdown in economic growth in the second quarter after widespread COVID lockdowns jolted factories and consumers, although activity in June…
IMF says China needs more fiscal, monetary support to fight COVID slowdown
By David Lawder WASHINGTON -The International Monetary Fund said on Thursday that China needs to add more fiscal and monetary policy support to combat an economic slowdown brought on by continued COVID-19…
Global equity funds see a second weekly outflow on slowdown worries
(Reuters) – Global equity funds faced a second straight week of outflows in the week to July 6, as investors remained concerned about a global economic slowdown and recession risks due to…
Investors turn net sellers of U.S. equity funds on slowdown worries
(Reuters) – U.S. investors turned net sellers of equity funds in the week ended June 29, as they fretted over the impact of hefty rate increases on the U.S. economy, with data…
Analysis-What slowdown? Canada’s economy to top G7 on high oil, crop prices
By Julie Gordon and Rod Nickel OTTAWA/WINNIPEG – Surging oil and wheat prices are allowing commodities exporter Canada to weather an economic storm threatening to tip many of its fellow G7 rich…
Shopify unveils new tools, Twitter tie-up to beat e-commerce slowdown
By Nivedita Balu (Reuters) – Shopify Inc has launched new tools to help its merchants sell to other businesses and on Twitter, as the Canadian tech giant attempts to shore up sales…
U.S. stock market has not priced in economic slowdown yet – Bridgewater co-CIO
By Carolina Mandl NEW YORK – Bridgewater’s Karen Karniol-Tambour, co-chief investment officer for sustainability, said on Thursday that the U.S. stock market has not yet priced in an economic slowdown in the…
Asian stock valuations dip to 26-month low on slowdown worries
(Reuters) – Asian equities’ valuations dropped to a more than two-year low at the end of May, as regional shares were hit by concerns over monetary tightening measures by major central banks…
Russia’s inflation slowdown cannot yet be seen as sustainable – cenbank
(Reuters) – The slowdown in Russia’s consumer price growth cannot yet be regarded as sustainable, the country’s central bank said in its review of trends on Thursday. Consumer price growth in Russia…
Portugal’s quarterly growth accelerates, contrasts with EU slowdown
(Reuters) – The pace of Portugal’s economic growth doubled to 11.9% in the first quarter from a year earlier and accelerated from the preceding quarter, in contrast to a slowdown in Europe,…
Peak interest rates may be lower than expected as growth slowdown looms
By Sujata Rao and Saikat Chatterjee LONDON – Worsening economic data may force central banks to blink and take a less aggressive rate-rise stance, money markets are betting, having steadily dialled back…
Hong Kong new listings volume sinks to 9-year low on China slowdown
By Scott Murdoch HONG KONG – Hong Kong’s new listings volume plunged 90% to a nine-year low this year, data showed, as China’s sharp economic slowdown and its regulatory drive cast a…
China lockdowns impeding supply chain recovery, slowdown risks spillovers, Yellen says
BONN, Germany -U.S. Treasury Secretary Janet Yellen said on Wednesday that COVID-19 lockdowns in China appear to be impeding the flow of goods and hampering global supply chains and a broader slowdown…
Russian economy minister sees further slowdown in inflation
(Reuters) – Russia’s economy has shown resilience to Western sanctions, Economy Minister Maxim Reshetnikov said on Wednesday, expressing confidence that inflation in Russia will slow down further. Russia has withstood the first…
Global equity funds see massive outflows on slowdown fears
(Reuters) – Global equity funds witnessed a surge in outflows in the week ended May 11, as fears of an economic slowdown and further tightening by major central banks to tame stubborn…
Malaysia’s economy likely picked up pace in Q1, China slowdown a worry: Reuters poll
By Devayani Sathyan BENGALURU – Malaysia’s economic growth likely gathered pace in the last quarter, driven by stronger demand following a relaxation of COVID-19 measures, but a prolonged slowdown in China could…
U.S. solar industry warns of slowdown due to supply chain disruptions, tariff uncertainty
(Reuters) – The U.S. solar industry is warning of a big slowdown in project installations this year as global supply chain disruptions and the threat of new U.S. tariffs on panel imports…
China slowdown concerns dim Ray-ban maker EssilorLuxottica’s first quarter
By Juliette Portala (Reuters) -EssilorLuxottica’s shares slipped on Friday as a downturn in its China business overshadowed the French-Italian eyewear company’s overall better-than-expected first-quarter sales. The group, which makes sunglasses and spectacle…
Investors dump emerging market funds on slowdown worries
By Patturaja Murugaboopathy and Gaurav Dogra – Mutual funds that invest in emerging market (EM) equities and bonds have faced huge outflows over the past month, as the intensifying Russia-Ukraine crisis spawns…
U.S. may be on ‘cusp’ of inflation slowdown, Fed’s Bostic tells CNBC
WASHINGTON – The U.S. economy may be nearing a turn lower in inflation, Atlanta Fed President Raphael Bostic said on Wednesday, though he added he is still leaning towards a slightly faster…
Analysis-U.S. IPO slowdown slams door on tech unicorns looking to cash out
By Echo Wang NEW YORK – The party is over for technology start-ups rushing to go public at ever-higher valuations, as volatile U.S. stock markets have dampened investor appetite for high-growth stocks.…
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