Hapag-Lloyd cuts ’25 earnings forecast
Hapag-Lloyd reported a 3.1 per cent drop in first-half net income to €709 million ($829 million) and lowered the…
Browsing Tag
forecast
Russia’s GDP likely to increase in ’24 – Novak
The Russian Economic Development Ministry may raise its GDP growth forecast for 2024, according to Russian Deputy…
Eurozone investor confidence dips in July
Investor morale in the eurozone declined sharply in July, ending an eight-month trend of improvement, according to…
German insurers lower ’24 premium income growth forecast
The German Insurance Association (GDV) announced on Monday that it anticipates a smaller increase in premium income…
Turkey’s inflation cools in June
Turkey's inflation rate eased in June for the first time in eight months, marking a faster-than-expected slowdown…
Turkish inflation expected to ease for first time in eight months
Turkish inflation is expected to show signs of deceleration, sending some relief from a prolonged cost-of-living…
OECD boosts Russia’s ’24 GDP growth forecast to 2.6%
Russia’s GDP is likely to increase by 2.6 per cent in 2024, according to the Organisation for Economic Co-operation…
IMF keeps Egypt economic forecasts, sees FY21 inflation easing to 7.4%
The International Monetary Fund on Thursday confirmed its Egypt’s economic growth forecast of 5.9 percent this…
Standard Chartered names Egypt among world’s top 10 economies by 2030
Britain's Standard Chartered Bank named Egypt among the world’s top 10 economies by 2030, Cabinet information…
OPEC raises oil supply forecast on surging US output, warns about global economic growth
OPEC forecast Monday that U.S. drillers will account for most of the growth in oil production this year but warned…
EBRD sees 5.3% growth in Egypt’s economy in FY2017/18
The European Bank for Reconstruction and Development (EBRD) has upgraded its economic growth forecast for Egypt…
Stocks close lower after Fed hikes rates, upgrades economic outlook
U.S. stocks whipsawed on Wednesday after the Federal Reserve upgraded its economic outlook and increased interest…
Egypt targets 5.5% economic growth in FY2017/18: minister
Egypt rose expectations for targeted economic growth in the current financial year 2017/2018 to between 5.3% and…
EGX to see calm trading after Egypt’s CBE decision in last day of 2017
The Egyptian Exchange (EGX) is forecast to see a calm trading session with a possible decline in the last day of…
IMF to upgrade Egypt’s economic growth forecast to 5.5% in FY2018/19
The International Monetary Fund (IMF) will raise its forecast for Egypt’s economic growth to 5.5 percent within…
Apple sees strong holiday sales, smooth sailing for iPhone X
Apple Inc on Thursday reported better-than-expected earnings and offered a rosy forecast for the holiday shopping…
Sony raises earnings outlook, expects best-ever annual profit
Japan’s Sony Corp lifted its full-year operating income forecast on Tuesday, expecting to book its highest-ever…
European markets set to open lower; Vestas and Kingfisher report earnings
Markets in Europe are forecast to open lower Thursday as uncertainty surrounding internal U.S. policy continues…
Oil prices drop after report showing OPEC deal compliance falling in July
Oil prices fell on Friday after a consultancy report forecast a rise in OPEC production for July despite the…
Dollar prices on tenterhooks as investors await Fed policy clues
The dollar drifted in recent ranges in the calm before a forecast Federal Reserve storm, as investors awaited…
Tourists not allowed to climb Egypt’s Mt. Sinai due to freezing temperatures
Tourists will not be allowed to climb Mount Sinai and Jebel Abbash Basha in South Sinai due to below freezing…
Stocks close mostly higher after Fed keeps rates unchanged
U.S. equities closed mostly higher on Wednesday after the Federal Reserve kept interest rates unchanged, as was…
Asia stocks trade mixed, Hang Seng up more than 1%
Japanese shares were under pressure on Thursday after jumping more than 2 percent in its previous session with a…
Magnitude 8.0 quake hits east of Papua New Guinea
A strong earthquake with a magnitude of 7.9 struck 157 km (98 miles) east of Rabaul in Papua New Guinea on…
Cisco’s profit forecast misses estimates, shares dive
Cisco Systems Inc forecast adjusted profit for the current quarter below analysts' estimate as the company's…
Panasonic shares plummet after heavy spending causes weaker outlook
Panasonic Corp shares plunged on Tuesday as investors reacted to a sharp downward revision of the electronics…
Sharp forecasts first annual operating profit in three years
Japan's Sharp Corp on Tuesday forecast its first annual operating profit in three years after it cut jobs and…
Sony revises down fiscal-year earnings forcast
Sony Corp revised down its earnings forecast for the current fiscal year Monday, citing a one-time cost related to…
Apple’s holiday surprise: big sales, not so big profits
Apple Inc posted its third successive quarter of declining iPhone sales on Tuesday and forecast…
BOJ likely to cut inflation forecasts, wary of easing: sources
The Bank of Japan is likely to slightly cut next fiscal year's inflation forecast in a quarterly review, sources…
Toyota cuts full-year operating profit forecast on stronger yen
Toyota Motor Corp (7203.T) cut its full-year forecast for operating profit, expecting it to fall 44 percent from a…
Twitter revenue growth freezes, struggles to boost users
Twitter Inc reported its slowest revenue growth since going public in 2013 and set a disappointing forecast,…
EBay beats revenue estimate, bumps up forecasts
Online retailer eBay Inc reported better-than-expected quarterly revenue and raised its sales forecast for the year…
Adobe’s revenue forecast disappoints growth-hungry investors
Adobe Systems Inc's second-quarter revenue and full-year revenue forecast just about met analysts' estimates,…
Chinese search giant Baidu lowers revenue forecast, shares sink
Chinese online search giant Baidu Inc cut its revenue forecast for the current quarter, saying regulatory scrutiny…
China central bank holds line on growth forecast but sees more pain to come
China's central bank slashed its forecast for exports on Wednesday, predicting a second straight annual fall in…
German industry orders fall more than forecast in April
Weaker foreign demand drove a bigger-than-expected drop in German industrial orders in April, data showed on…
Cisco’s forecast exceeds Wall Street estimates; shares rise
Network equipment maker Cisco Systems Inc reported better-than-expected results and gave an upbeat forecast for the…
EBay attracts more shoppers, earnings surpass expectations
EBay Inc reported better-than-expected quarterly earnings on Tuesday and raised its full-year revenue forecast as a…
BOJ likely to debate easing, policy decision a close call
Japan's central bank is likely to cut its price forecasts on Thursday and debate whether a strong yen, weak global…