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Tag: growth

IBM returns to sales growth after a year of declines on cloud strength

FILE PHOTO: A man stands near an IBM logo at the Mobile World Congress in Barcelona, Spain, February 25, 2019. REUTERS/Sergio Perez April 19, 2021 By Munsif Vengattil (Reuters) -International Business Machines Corp returned to sales growth in the first quarter after a year of declines and beat Wall Street targets on Monday, boosted by […]

China’s Q1 GDP growth seen hitting record 19% as domestic, global demand recovers

FILE PHOTO: Containers and lorries are seen at the Yangshan Deep Water Port in Shanghai, China, as the coronavirus disease (COVID-19) outbreak continues, October 19, 2020. REUTERS/Aly Song/File Photo April 15, 2021 BEIJING (Reuters) -China’s economy likely grew at record pace of 19% in the first quarter, rebounding from a pandemic slump early last year […]

Australia’s CBA expects home loan growth to push mortgage profit some 3% higher

FILE PHOTO: An office building with the Commonwealth Bank logo is seen amidst the easing of the coronavirus disease (COVID-19) restrictions in the Central Business District of Sydney, Australia, June 3, 2020. REUTERS/Loren Elliott/File Photo GLOBAL BUSINESS WEEK AHEAD April 15, 2021 By Paulina Duran SYDNEY (Reuters) -Commonwealth Bank of Australia (CBA), the country’s largest […]

Erdogan’s central bank overhaul set up slower growth, higher inflation, economists say

FILE PHOTO: Turkish President Tayyip Erdogan addresses his supporters during the Grand Congress of his ruling AK Party in Ankara, Turkey, March 24, 2021. REUTERS/Umit Bektas/File Photo April 8, 2021 By Ali Kucukgocmen ANKARA (Reuters) – Turkish President Tayyip Erdogan set the stage for higher inflation and slower economic growth when he sacked a well-respected […]

IMF upgrades global growth outlook again as some COVID clouds begin to clear

FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo April 6, 2021 (Reuters) – The International Monetary Fund raised its outlook for global economic growth again on Tuesday, forecasting worldwide output would rise 6% this year, a rate unseen since the […]

U.N. body raises global economic growth forecast for 2021 to 4.7%

FILE PHOTO: People wear masks due to coronavirus disease (COVID-19) as they shop in Rehoboth Beach, Delaware, U.S., November 27, 2020. REUTERS/Joshua Roberts March 18, 2021 GENEVA (Reuters) – The global economy is set to grow by 4.7% this year thanks to a stronger-than-expected recovery in the United States, a report by the U.N. Conference […]

Chinese premier rejects idea that 2021 GDP growth target too ‘low’

Chinese Premier Li Keqiang casts his vote at the closing session of the National People’s Congress (NPC) at the Great Hall of the People in Beijing, China March 11, 2021. REUTERS/Carlos Garcia Rawlins March 11, 2021 BEIJING (Reuters) – Chinese Premier Li Keqiang on Thursday defended the government’s target for more than 6% economic growth […]

Saudi wealth fund PIF to support corporate credit growth, S&P says

March 8, 2021 DUBAI (Reuters) – Investments by Saudi Arabia’s wealth fund Public Investment Fund (PIF) will support credit growth among companies in the kingdom, ratings agency S&P Global Ratings said on Monday. PIF, a $400 billion investment vehicle, is at the centre of economic reforms to transform the oil-dependent economy. The fund plans to […]

U.S. job growth blows past expectations as recovery gets back on track

FILE PHOTO: Construction workers wait in line to do a temperature test to return to the job site after lunch, amid the coronavirus disease (COVID-19) outbreak, in the Manhattan borough of New York City, New York, U.S., November 10, 2020. REUTERS/Carlo Allegri March 5, 2021 By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy created […]

Biden’s Corporate Tax Hike Would Cut Jobs, Reduce Wages, Depress Growth: Think Tank

President Joe Biden’s plans to raise the corporate tax rate would have a chilling effect on economic growth, depress wages, and lead to job losses, according to the Tax Foundation, a tax policy nonprofit. Biden and congressional lawmakers have proposed several changes to the tax code, including raising the corporate tax rate to 28 percent […]