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IEA Raises 2024 Oil Demand Forecast for Third Month in a Row

Raises demand growth projection by 180,000 bpd IEA forecast remains lower than OPEC39;s projection LONDON, Jan 18 Reuters The International Energy Agency IEA on Thursday made a further upward revision to its 2024 oil demand growth forecast, though its projection remains dramatically lower than producer group OPEC39;s expectations. The Parisbased agency39;s forecast, its third consecutive […]
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Japan Nov Machinery Orders Fall more than Expected

TOKYO, Jan 18 Reuters Japan39;s core machinery orders fell more than expected in November, data showed on Thursday, underscoring uncertainty about domestic and global economic outlook. Core orders, a highly volatile data series regarded as a leading indicator of capital spending in the coming six to nine months, fell 4.9 in November from the previous […]
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Australia Jobs Engine Slows as Labour Market Loosens

SYDNEY, Jan 18 Reuters Australian employment fell sharply in December after two months of surprisingly strong growth, while the jobless rate stayed at a 112 year high, adding to the case that interest rates have peaked as the redhot labour market cools. Figures from the Australian Bureau of Statistics on Thursday showed net employment dived […]
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ECB Faces Bumpy Road to Low Inflation as Wages Rise

Wage deals key to determining ECB rate path Workers set to regain some ground lost to inflation Low unemployment gives unions leverage Policymakers nervous about effect on prices FRANKFURT, Jan 18 Reuters Workers in Europe are hoping this year39;s pay round will help restore incomes eroded by higher prices, but the expected boost to their […]
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Euro Zone Current Account Surplus Shrinks in Nov

FRANKFURT, Jan 18 Reuters The euro zone39;s current account surplus declined in November on lower primary income, which typically includes the flow of profits, wages, interest income and dividends into and out of the bloc, data from the European Central Bank showed on Thursday. Based on calendar and seasonallyadjusted figures, the surplus eased to 24.6 […]
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Birkenstock Margin Warning Clouds Upbeat Revenue Forecast

Jan 18 Reuters Birkenstock forecast annual sales above analysts39; estimates on Thursday, buoyed by higher pricing and strong demand for its sandals and clogs, but warned margins could come under pressure from investments to expand globally. Shares of the German luxury footwear maker, which reported its first results since going public, fell about 5 in premarket […]
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Indias Tata Technologies to Invest 1.8B in Telangana State

BENGALURU, Jan 18 Reuters Tata Technologies will invest 150 billion rupees 1.80 billion in the Indian state of Telangana to set up governmentaffiliated skilling centres, the state government said on Thursday. The investment from the unit of Tata Motors is the second commitment to the Telangana government in two days after the Adani Group announced a 1.49 […]
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