Imf Raises Growth Forecasts As China Reopens and Gas Prices Fall
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Economic experts slash growth forecasts for Germany
Five leading institutes expect expansion of just 0.1 per cent in 2024 as exports fall and domestic demand fails to pick upFinancial Times - World -
U.S. Natural Gas Futures Fall on Oversupply Concerns
U.S. natural gas futures settled lower for a sixth straight session on concerns about surplus inventories and less bullish near-term weather forecasts.The Wall Street Journal - World -
IMF head says China at ‘fork in the road’ on reforms to boost demand
Kristalina Georgieva’s remarks at Beijing conference come as China export glut tensions riseFinancial Times - Business - China -
Ireland’s economy forecast to return to growth, easing drag on eurozone
The eurozone economy may be freed of a headwind that enfeebled growth in 2023, with new forecasts pointing to a return to expansion for Ireland, one of the currency area’s smallest but most changeable members.MarketWatch - Business -
Irish Economy Forecast to Return to Growth, Easing Drag on Eurozone
The eurozone economy may be freed of a headwind that enfeebled growth in 2023, with new forecasts pointing to a return to expansion for Ireland, one of the currency area’s smallest but most changeable members.The Wall Street Journal - World -
B&Q owner Kingfisher forecasts profits to fall this year
London-listed group strikes cautious note on DIY marketFinancial Times - Business -
China Industrial Profits Return to Growth
China’s industrial profits returned to growth at the start of the year, adding to signs that the world’s second-largest economy is on stronger footing.The Wall Street Journal - World - China -
Ad Forecaster Raises 2024 Prediction Amid Improving Economic Outlook
While the U.S. ad market in 2023 was ‘relatively resilient,’ the outlook for 2024 looks stronger, according to Magna.The Wall Street Journal - World -
Oil prices slip on U.S. crude stockpile increase
U.S. commercial crude stockpiles rose by 3.2 million barrels for the week ending March 22, according to the Energy Information Administration.CNBC - Business -
Gas prices topping $4 a gallon this summer are possible — but not expected
Retail gasoline prices are set to rise as they usually do just as the U.S. summer driving season gets underway, but to say the average national price will climb to $4 a gallon is a bit of a stretch.MarketWatch - Business -
Dollar Tree to raise prices again in 2024
Shoppers at Dollar Tree could soon end up with sticker shock.The Hill - Politics -
China faces ‘fork in the road,’ IMF chief says, urging Beijing to embark on pro-market reforms
China’s economy can grow far faster if it adopts a comprehensive package of pro-market reforms, according to IMF Managing Director Kristalina Georgieva.CNBC - Business - China -
‘Tone-deaf’ fossil gas growth in Europe is speeding climate crisis, say activists
Just 2% of continent’s gas capacity has planned retirement date despite pledges to decarbonise, study shows. Europe’s “tone-deaf” expansion of fossil gas is accelerating climate breakdown and increasing reliance on hostile regimes, campaigners ...The Guardian - World - Climate -
Trump’s stake in social media group hits $4.6bn after market debut
Shares of company behind former president’s Truth Social platform rise 16% in first day of tradingFinancial Times - Business - Donald Trump -
China’s Plan to Spur Growth: A New Slogan for Building Factories
As China’s leaders promote their strategy, other countries worry about manufacturing overcapacity and plans for more exports.The New York Times - Business - China -
Xi tells US CEOs China’s growth prospects remain ‘bright’
Beijing seeks to revive investor confidence as concerns mount about oversupply and potential dumpingFinancial Times - Business - China -
Home price growth is back at pre-pandemic levels. Here's what that means for buyers and sellers
While price growth is moderating and inventory is improving, overall housing costs remain high, experts say. Here's what to expect.CNBC - Business -
Home price growth is back at pre-pandemic levels. Here's what that means for buyers and sellers.
The rate at which home prices grow is slowing down.NBC News - Top stories -
China’s ecommerce groups make inroads in South Korea with lure of low prices
AliExpress and Temu are undercutting domestic competition and US rivals in world’s fourth-largest online shopping marketFinancial Times - Business - China -
Why an Up-and-Coming Wellness Brand Raised Debt Capital to Fuel Its Growth
Founder Shizu Okusa is growing her business profitably--and making the most of non-dilutive funding.Inc. - Business -
Boeing boss Dave Calhoun to step down; EU to investigate Alphabet, Apple and Meta – business live
Live, rolling coverage of business, economics and financial markets as Boeing chief executive departs after safety incidents including mid-air door blow-out. The government’s shareholding in NatWest Group has fallen below 30% for the first time ...The Guardian - World - Apple -
Trader Joe's raises banana price for 1st time in more than 20 years
The grocery chain has increase the price of a single banana for the first time in more than 20 years.CBS News - Top stories -
China's Xiaomi will price its Tesla EV rival under $69,400, CEO says ahead of Thursday launch
On Thursday, Xiaomi will officially launch the SU7, its first electric vehicle, and begin taking orders.CNBC - Business - China -
Buttigieg: No timeline yet on Baltimore port reopening
Transportation Secretary Pete Buttigieg said Wednesday that there's currently no timeline for when the Port of Baltimore can reopen following the collapse of the Francis Scott Key Bridge a day prior. “Too soon to venture an estimate,” he told ...The Hill - Politics -
Forecasts for German economy see stagnation, or recession, in 2024
Yahoo News - World -
BYD misses profit forecasts as Huawei challenge emerges
Warren Buffett-backed company loses some market share to sanctions-hit Chinese telecoms groupFinancial Times - World -
Institute says German economy is "struggling" and lowers forecasts
Yahoo News - World - Germany -
Biden vows to reopen Baltimore port, rebuild collapsed Key Bridge
President Biden vowed Tuesday to rebuild Baltimore’s Francis Scott Key Bridge after it collapsed into the water when a cargo ship rammed into it, echoing what some Maryland officials said earlier but adding that he expects the federal government ...The Hill - Politics - Joe Biden -
Schools to reopen in South Sudan after two weeks of extreme heat
South Sudan’s government says schools will reopen next week following a two-week closure due to extreme heat across the countryABC News - World -
Palisades Nuclear Plant in Michigan Plans to Reopen With $1.5 Billion Loan
The conditional loan from the Energy Department is part of a broad effort to revive the use of nuclear energy in the United States.The New York Times - Business -
Investigation Into Ship Malfunction and Baltimore Bridge Collapse Could Take Years, Officials Say
Crews recovered two bodies from the Patapsco River and are pushing to clear the blocked waterway.The Wall Street Journal - World -
British Gas chief's pay package jumps to £8.2m
Centrica chief executive Chris O'Shea gets £4m more in 2023, up from £4.5m the year before.BBC News - Top stories -
What happens now Baltimore port is closed?
It handles more cars than any other US port. So what happens now it's closed for business?BBC News - Top stories -
TikTok's American Growth Is Already Stalling
As it battles lawmakers’ efforts to force a sale or ban, the app is facing business challenges and stronger competition.The Wall Street Journal - Tech - Tiktok -
Master the Millionaire Mindset for Business Growth
Use this to overcome challenges and achieve your ultimate goals.Inc. - Business -
Five ways US growth accelerates
And more on the UK equity discountFinancial Times - World -
Comex Gold Settles Higher
Gold prices rose, clawing back some of Friday’s losses, with the front-month Comex contract for March settling up 0.8% at $2174.80.The Wall Street Journal - World -
Savings account interest forecast for spring 2024: Here's what experts predict
Rates on savings accounts are high now but will they stay elevated in the months to come? Here's what to know.CBS News - Top stories -
Dow Industrials, S&P 500 Dip to Start Week
Stocks were mostly lower as chip makers came under pressure, after a report that China plans to phase out U.S.-made microprocessors in government computers and servers.The Wall Street Journal - World -
Video: Why Consumer Confidence Is Falling
The WSJ’s Dion Rabouin breaks down the latest conference board data and what consumers are saying about the economy.The Wall Street Journal - World