Goldman Sachs, Citigroup cut Chinas 2024 Growth Forecast to 4.7

Sept 16 Reuters Goldman Sachs and Citigroup have lowered their fullyear projections for China39;s economic growth to 4.7, after the world39;s secondlargest economy39;s industrial output slowed to a fivemonth low in August. Weak economic activity in August has ramped up attention on China39;s slow economic recovery and highlighted the need for further stimulus measures to […]
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Adobe Shares Slump as Weak Earnings Forecast Sparks Fears of Delayed AI Gains

Adobe39;s Q4 revenue forecast misses analyst expectations AI investments face competition from startups such as Stability AI and Midjourney JP Morgan notes Adobe39;s healthy subscription signups despite weak forecast Sept 13 Reuters Shares of Adobe fell nearly 10 on Friday, after the Photoshop maker39;s disappointing quarterly earnings forecast sparked fears that returns from its push towards […]
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UniCredit, Commerzbank Merger could Add Shareholder Value, Orcel Tells Paper

BERLIN, Sept 16 Reuters A merger of UniCredit and Commerzbank could add value for all stakeholders and create a stronger bank, UniCredit CEO Andrea Orcel told a German newspaper on Monday, adding a decision was in the hands of Commerzbank stakeholders. Italy39;s secondlargest bank took a 9 stake in Commerzbank last week, catching German authorities off guard and getting […]
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Oil Prices Climb on Fed Rate Cut Outlook

Offline capacity in Gulf of Mexico still supports prices Markets await decision on Fed rate cut Poor August data stokes China demand worries SINGAPORE, Sept 16 Reuters Oil prices rose in Asian trade on Monday amid expectations of a U.S. interest rate cut this week, though gains were capped by persistent demand worries and weaker […]
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