Tag: growth
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IMF chief urges cooperation on AI and war risks, as US hails economic momentum
BANGKOK, Oct 16 : The head of the IMF on Friday appealed to global leaders to cooperate in the face of multiple economic risks, including rapid advances in AI and a prolonged war in the Middle East, as Washington hailed what it sees as US-led economic momentum.Their contrasting views echoed throughout this ye
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Money transfer firm Wise raises revenue growth outlook as cross-border volumes jump
Oct 16 : Money transfer firm Wise said on Thursday it expects full-year revenue growth to come in at the upper end of its target range after strong customer growth and higher cross-border transaction volumes boosted second-quarter revenue. • Wise now expects fiscal 2027 net revenue growth near the upper
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IMF warns of slowing Asian growth, spillover from rising yields
BANGKOK, Oct 15 : The International Monetary Fund on Thursday projected Asia’s economic growth would moderate next year and warned of heightening risks from the Iran war-induced energy shock, a potential correction in the AI boom and spillovers from rising global bond yields.In a report on the outlook for the
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Netflix to cut about 1,000 jobs amid slower growth
Netflix plans to cut around 1,000 jobs amid slowing revenue growth and reports of declining viewing time on its streaming platform.
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Thailand can return to 3% growth within 2-3 years, central bank official says
BANGKOK, Oct 14 : Thailand’s return to economic growth of about 3 per cent is “definitely possible” within three years if it can tackle some of its structural issues, a deputy central bank governor said on Wednesday, signalling alignment with the government’s stance.The Bank of Thailand’s monetary policy will
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Germany news: IMF sees stronger growth as wine harvest slumps
Germany’s economic outlook is looking a little brighter, with the International Monetary Fund almost doubling its growth forecast. However, Germany’s winegrowers are facing another disappointing harvest. DW has more.
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IMF cuts Latin America, Caribbean growth forecasts on energy shock, little AI boost
NEW YORK, Oct 12 : The International Monetary Fund trimmed its growth forecasts for Latin America and the Caribbean for this year and next and said most of the region was getting little lift from the artificial intelligence boom that has helped other economies absorb the energy shock from the Middle East war.
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AI-related companies to drive most third-quarter US earnings gains
NEW YORK, Oct 9 : US companies are likely to deliver another earnings surge for the third quarter, and like the rally in the stock market, AI-related players are fueling most of those gains.While investors are enthusiastic about the hyper earnings growth fueled by AI companies, many are also worried about how
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US job growth slows sharply in September; unemployment rate rises to 4.2%
WASHINGTON: US job growth slowed more than expected in September and the nonfarm payrolls count for the prior two months was revised sharply lower, almost taking another interest rate hike from the Federal Reserve this month off the table.The Labor Department’s closely watched employment report on Friday (Oct
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Japan September factory growth slows to 6-month low, PMI shows
TOKYO, Oct 1 : Japan’s manufacturing sector expanded at its weakest pace in six months in September as output and new order growth slowed, a business survey showed on Thursday.• The S&P Global Japan Manufacturing Purchasing Managers’ Index (PMI) eased to 54.1 in September from 54.9 in August, a survey by S&
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