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Asia To Contribute Nearly 70% Of Global Growth Led By China, India: IMF

The Asia-Pacific region is set to contribute about 70 percent of the global expansion this year, led by the recovery in China and the resilient growth in India that are projected to account for more than half of the world economic output growth, the International Monetary Fund said. Growth in Asia and the Pacific is projected to increase this year to 4.6 percent from 3.8 percent in 2022.
RTTNews | 841 gün önce
Currency Markets Mirror Rate Hike Expectations

Currency Markets Mirror Rate Hike Expectations

Currency market movements during the week spanning April 21 to 28 reflected the anxiety, hopes and expected divergence amidst the monetary policy reviews by key central banks
RTTNews | 841 gün önce
Pfizer Q1 Results Top Estimates; Reaffirms FY23 Outlook

Pfizer Q1 Results Top Estimates; Reaffirms FY23 Outlook

Drug major Pfizer Inc. reported a profit for the first quarter that decreased 30 percent from last year, hurt by a 29 percent revenue drop amid a decline for COVID-19 products and an unfavorable impact of foreign exchange. Both adjusted earnings and quarterly revenues topped analysts' expectations. The company also reaffirmed its adjusted earnings and revenue guidance for the full-year 2023.
RTTNews | 842 gün önce
Eurozone Inflation Rises As Expected In April

Eurozone Inflation Rises As Expected In April

Eurozone inflation rose slightly in April on food and non-energy industrial goods prices, while core inflation slowed marginally, flash data from Eurostat showed on Tuesday. The harmonized inflation of consumer prices posted an annual growth of 7.0 percent in April, following a 6.9 percent rise in March. The rate came in line with economists' expectations.
RTTNews | 842 gün önce
Zimmer Biomet Boosts FY23 Outlook - Update

Zimmer Biomet Boosts FY23 Outlook - Update

While reporting financial results for the first quarter on Tuesday, musculoskeletal healthcare firm Zimmer Biomet Holdings Inc. (ZBH) raised its adjusted earnings and revenue growth outlook for the full-year 2023.
RTTNews | 842 gün önce
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BP Posts RC Profit In Q1, Underlying RC Profit Down; Stock Dips

BP Posts RC Profit In Q1, Underlying RC Profit Down; Stock Dips

British energy major BP Plc reported Tuesday a replacement cost profit in its first quarter, compared to last year's hefty loss, while underlying replacement cost profit was lower as last year was benefited by surge in fuel prices following Russia's invasion of Ukraine. The company also announced a further $17.5 billion share buyback. BP shares were losing around 5 percent in the morning trading
RTTNews | 842 gün önce
Australia Central Bank Hikes Rate Unexpectedly Despite Slowing Inflation

Australia Central Bank Hikes Rate Unexpectedly Despite Slowing Inflation

Despite an easing in inflation, the Reserve Bank of Australia unexpectedly raised its benchmark interest rate by a quarter-point and signaled more hikes to bring inflation back to the target in a reasonable timeframe. The RBA Board decided to hike the cash rate target by 25 basis points to 3.85 percent. This was the highest rate since early 2012.
RTTNews | 842 gün önce

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