January 2024 – Page 48 – UAG Trade Asia

German Wholesalers Sound Alarm as Sentiment on the Floor

January 11, 2024
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BERLIN, Jan 10 Reuters German wholesalers expect their revenues to fall 2 in nominal terms this year, continuing a downward trajectory after a 3.75 decline last year, the BGA lobby group said on Wednesday, saying sentiment in Europe39;s biggest economy was on the floor. In real terms, the association of wholesalers and exporters expects a […]

January 11, 2024
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MOSCOW, Jan 10 Reuters Sales of new cars in Russia rebounded in 2023 to 1.06 million units, data from Russian analytical agency Autostat showed on Wednesday, as the industry partially recovered from sanctions and the departure of many foreign automakers. The revival, a 69 yearonyear increase, fell short of car sales in 2021, the year […]

January 11, 2024
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BERLIN, Jan 10 Reuters The outlook for Germany39;s construction sector is grim for 2024, according to two prominent research institutes on Wednesday, a further bad sign for the nation39;s struggling property industry as it suffers its worst crisis in decades. German construction spending is set to fall in 2024 for the first time since the […]

January 11, 2024
Politics
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RIYADHDUBAI, Jan 10 Reuters For private equity investor Imad Ghandour changes in Saudi Arabia39;s laws are prompting a rethink and his firm may buy, for the first time, minority stakes in the kingdom39;s companies. It is exactly an effect the country39;s leaders are aiming for as they seek to woo billions of dollars in new […]

January 11, 2024
Oil
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Libya39;s 300,000 bpd of supply still offline U.S. crude stocks fall by 5.2 million barrels, API reports Euro zone facing possible recession, ECB VP says U.S. oil output to hit record high in 2024 Coming up EIA supply report, 1530 GMT LONDON, Jan 10 Reuters Oil rose on Wednesday for a second day of gains, […]

January 10, 2024
Business
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Jan 10 Reuters Amazon.com will lay off several hundred employees in its streaming and studio operations, it said in an internal note on Wednesday as companies extend their massive job cuts over the past two years into 2024. The staff facing exit at Prime Video and Amazon MGM Studios in the Americas will be informed on […]

January 10, 2024
Business
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LONDON, Jan 10 Reuters Sanofi is hoping that by sponsoring the Olympic Games it can attract new talent, reward existing staff and shake off the French drugmaker39;s conservative image. The 2024 Games has gained other new partners from the host nation France, including luxury goods giant LVMH and supermarket group Carrefour. Sanofi, which some estimate is […]

January 10, 2024
Finance
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STOCKHOLM, Jan 10 Reuters Shares in Sweden39;s Skanska eased on Wednesday after the company late on Tuesday announced property value writedowns, mainly within U.S commercial development. Shares in the Nordic region39;s biggest builder, and one of the biggest in the United States, fell 3 at 1010 GMT, taking a yeartodate drop to 6, while the wider […]

January 10, 2024
Finance
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LONDON, Jan 10 Reuters Sterling steadied on Wednesday ahead of a speech by Bank of England BoE Governor Andrew Bailey to British lawmakers, with markets closely watching the testimony for clues on the path of monetary policy. BoE chief Bailey and other top central bank officials will respond to questions from the Treasury Committee at […]

January 10, 2024
Finance
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Jan 10 Reuters Barclays on Wednesday raised its 2024 target for Europe39;s benchmark STOXX 600 to 510 points from 485, as prospects of central banks cutting interest rates and a soft landing scenario plays out. The new target represents a roughly 7 upside from current levels. Last December, Citigroup said it sees the index at 510 by end2024, […]

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German Wholesalers Sound Alarm as Sentiment on the Floor

Russias new Car Sales Recover to 1.06 Million Units in 2023

Outlook for German Construction Sector Grim in 2024, Researchers Say

Saudi Arabias new Civil Laws Aim to Boost Investment, but Caution Lingers

Oil Rises as Middle East Tensions Offset Economy Concerns

Amazon to Lay Off Several Hundred Staff in Prime Video, Studios

Drugs Group Sanofi Makes Olympic Jump in Rebrand Bid

Skanskas Shares Drop after USLed Property Writedowns

Sterling Steadies ahead of BoE Chief Testimony to Lawmakers

Barclays Raises Target on Europes STOXX 600 to 510 from 485

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