December 2023 – Page 21 – UAG Trade Asia

Bank of Spain Trims Growth Outlook for 2024, 2025

December 19, 2023
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MADRID, Dec 19 Reuters The Bank of Spain on Tuesday lowered the country39;s economic growth outlook for 2024 and 2025, citing slowing private consumption even as it expected inflation to ebb more than predicted earlier. This year, growth will have slowed down to 2.4 from 5.8 in 2022, it said in its quarterly outlook, putting […]

December 19, 2023
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BANGKOK, Dec 19 Reuters Thailand39;s cabinet has approved debt suspension for smaller businesses and support for retail debtors, the prime minister said on Tuesday, in the government39;s latest move to address the country39;s festering debt issues. The programme is part of a plan to help the 10.3 million people who are struggling to service debt, […]

December 19, 2023
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DUBLIN, Dec 19 Reuters Ireland39;s central bank cut its economic growth forecasts out to 2025 for the second successive quarter, saying on Tuesday that the economy had shifted to a slower growth path but that inflation would also fall faster than previously forecast. The central bank reduced its forecast for modified domestic demand MDD it […]

December 19, 2023
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PARIS, Dec 19 Reuters French economic activity will only pick up in 2025 as lower inflation boosts consumers39; purchasing power, falling short of the government39;s growth expectations in the meantime, the central bank forecast on Tuesday in its quarterly outlook. The euro zone39;s secondbiggest economy is on course to expand 0.8 in 2023, according to […]

December 19, 2023
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TOKYO, Dec 19 Reuters Japan39;s government upgraded its view on business sentiment for the first time in two months in December as a central bank survey showed broad recovery in the corporate mood thanks to upbeat profits. But the Cabinet Office, in a report on Tuesday, left the overall economic assessment unchanged for the month, […]

December 19, 2023
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BERLIN, Dec 19 Reuters German state rail operator Deutsche Bahn DBN.UL said on Tuesday it had launched a sales process for its logistics arm DB Schenker, which banking sources have said could be worth as much as 20 billion euros 21.84 billion. The DB Group has issued an official announcement today laying out an open […]

December 19, 2023
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Dec 19 Reuters A number of container ships are anchored in the Red Sea and others have turned off tracking systems as traders adjust routes and prices in response to maritime attacks by Yemen39;s Iranaligned Houthis on the world39;s main EastWest trade route. Attacks in recent days on ships in the major Red Sea shipping […]

December 19, 2023
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BENGALURU, Dec 19 India39;s information technology firms are accepting tougher contract terms to win large deals from clients as they compete for fewer orders in an uncertain global economy, industry insiders and analysts say. The 245billion sector, which gained immensely from the pandemicinduced boom in digital services, has struggled in recent quarters as clients slashed […]

December 19, 2023
Business
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Dec 19 Reuters Biogen Inc said on Tuesday the European Commission has revoked the marketing authorization for generic versions of its multiple sclerosis drug Tecfidera held by the firms Accord, Neuraxpharm, Polpharma and Teva. While the patent for Biogen39;s drug has expired in the United States, it had scored a win in Europe in March after […]

December 19, 2023
Business
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Reuters Amazon is in talks to invest in regionalsports programmer Diamond Sports, a move that would advance the ecommerce giant39;s aggressive push into sports content, the Wall Street Journal reported on Monday, citing people familiar with the matter. Diamond Sports Group, which carries the games of more than 40 major sports teams across the United […]

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Bank of Spain Trims Growth Outlook for 2024, 2025

Thai Cabinet Approves Debt Support for Smaller Firms, Debtors

Irish Central Bank Cuts Economic Growth, Inflation Forecasts

French Central Bank sees Recovery only in 2025

Japan Ups Assessment on Business Mood, Holds to View of Overall Economy

Deutsche Bahn Launches Sales Process for Logistics Arm DB Schenker

Shippers Mask Positions, Weigh Options amid Red Sea Attacks

Indias 245B IT Sector Swallows Tougher Terms Amid Scramble for Contracts

Europe Revokes Marketing Authorization for Generic Versions of Biogens MS Drug

Amazon in Talks to Invest in Diamond Sports WSJ

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