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Friday, August 23, 2019

Tag: forecast

Singapore’s exports plunge more than forecast

The economic downturn in the second quarter has prompted analysts to downgrade growth forecasts for this year and predict a possible recession.

Daimler issues third profit warning in a year as risks mount

Global automakers are wrestling with increasing regulatory scrutiny and pressure on earnings amid record development expenses to roll out electric and self-driving vehicles.

OECD cuts global growth forecast over trade, Brexit uncertainty

The OECD lowered its forecast to 3.3% for this year, down from the 3.5% it predicted in November, which was itself a downgrade from a previous 3.7%.

Singapore Q4 GDP growth cools as trade woes darken outlook

Rising trade protectionism and uncertainty over US-China relations are key risks for the city-state this year.

Crypto diehards say slump is ‘bump in the road’ before growth

While no one forecast an immediate rebound in crypto prices, they cast the current downturn as more like growing pains than rigour mortis.

Toyota first-half net profit up 16%, lifts full-year forecast

But the Japanese car giant's profit would still be lower than the 2.49 trillion yen posted for the previous fiscal year.

Buffett and Dimon’s pleas to end guidance haven’t taken, yet

The two men co-wrote an editorial in which they urged companies to abandon the practice of providing quarterly earnings guidance.

IMF lowers China 2019 growth forecast, citing trade war

The IMF warns Beijing not to completely shelve the debt clean-up and other regulatory reforms.

JPMorgan says US-China tariffs to go all out, lowers yuan call

The People’s Bank of China will probably pursue a looser monetary policy to shore up growth in face of the threats to trade, according to the analysis.

Electronic Arts delays popular video game, sinking stock

The launch date of Battlefield V was delayed by four weeks to Nov 20, and EA also cut its forecast for the fiscal year ending in March.

Space investors urged to get their heads in the clouds

While investors prefer sectors with nearer-term benefits, space is an area Morgan Stanley anticipates will see "significant development."

Malaysia’s Feb inflation rate at 1.4%, below forecast

February's annual inflation rate was below the 1.9% forecast in a Reuters poll, and well below the 2.7% posted in January.

Economy to grow at moderate pace, economists forecast

Research houses do not expect the robust growth of last year but are positive about the outlook for this year.

No, scorching weather won’t reach 40 degrees Celsius

Highest temperature recorded is 36 degrees and thunderstorms will occur in some parts of the peninsula, says weatherman.

Malaysia’s GDP growth revised upwards to 5.2%

Rating agency says the revision was made after a better-than-expected growth performance of 5.6% in the first quarter.