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Economic Forecasting

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  • Still, Honda, like other affected automakers, expects to get those costs back eventually if investigations find Takata at fault. And many analysts say reputational damage seems minimal, including in the United States, Honda's most important market. That's a red flag for Honda, which excels in cars that have attracted buyers concerned about fuel economy.

  • Declining oil prices to hurt Colombia's economy Thursday, 29 Jan 2015 | 12:27 PM ET

    BOGOTA, Colombia— Investors are dumping stocks in Colombia's largest private oil company as the government prepares for mass layoffs sparked by the plunge in crude prices. The company, a major tax revenue generator, is also ending its sponsorship of Colombia's national soccer team. Colombia's Labor Ministry said Thursday it expects the oil industry to shed up...

  • *Greece concerns weigh on Europe, Athens stocks up. LONDON, Jan 29- European stocks slipped and the dollar strengthened on Thursday after the Federal Reserve took an upbeat view of the world's largest economy and signalled it was on track to raise interest rates this year. Greece, where an anti-austerity prime minister took over on Monday, also kept investors...

  • SAO PAULO, Jan 29- Banco Bradesco SA, Brazil's second-biggest private sector bank, on Thursday forecast lower lending growth for this year than it estimated for 2014, highlighting the economic headwinds facing Latin America's largest economy. The forecast highlights increased caution as Brazil's economic imbalances and growing skepticism over...

  • BANGKOK, Jan 29- Thailand's finance ministry again trimmed its growth forecasts for this year and the last on Thursday, when fresh factory output data provided more evidence that the economy remains wobbly. For 2014, whose full-year GDP growth rate will be announced on Feb. 16, the ministry reduced its projection to just 0.7 percent, from 1 percent in December.

  • *Greece concerns weigh on Europe, Athens stocks up. LONDON, Jan 29- Stocks fell in Europe and Asia and the dollar strengthened on Thursday after the Federal Reserve took an upbeat view of the world's largest economy and signaled it was on track to raise interest rates this year. Greece, where a radical leftist prime minister took over on Monday, also kept investors...

  • WASHINGTON— The Federal Reserve's outlook for the U.S. economy is steadily brightening. Yet the Fed will be "patient" in raising interest rates from record lows. Paul Ashworth, an economist at Capital Economics, said the statement suggested that the Fed "is still taking the view that the collapse in oil prices is a net positive for the economy."

  • TOKYO, Jan 29- Asian shares extended losses on Thursday after the Federal Reserve took an upbeat view on the U.S. economy and signalled that it remains firmly on track to raise interest rates this year despite an uncertain global outlook. Japan's Nikkei slipped 0.4 percent, while MSCI's broadest index of Asia-Pacific shares outside Japan extended its drop and...

  • Yuan eases, remains near weaker edge of trading band Wednesday, 28 Jan 2015 | 11:40 PM ET

    SHANGHAI, Jan 29- China's yuan eased on Thursday following a weaker midpoint, hovering a few points away from the weaker edge of the daily trading limit on expectations of further weakness. The Chinese currency has been steadily softening along with emerging market peers due to a resurgent dollar, as the outlook for the U.S. economy continues to bolster the case...

  • SINGAPORE, Jan 29- Gold dropped for the fourth session in five on Thursday after the Federal Reserve painted a bullish picture of the U.S. economy, signalling it was on course to lift interest rates this year. "People are already adjusted to the new policy stance and there's no further reason to push up gold to a much higher level," said Mark To, head of research at Hong...

  • WASHINGTON, Jan 28- The Federal Reserve on Wednesday said the U.S. economy was expanding "at a solid pace" with strong job gains in a signal that the central bank remains on track with its plans to raise interest rates this year. "The committee, in fact, was downright bullish on current economic conditions and the outlook," said Paul Edelstein, director of financial...

  • ABU DHABI, Jan 28- National Bank of Abu Dhabi is expecting a tougher 2015 as lower oil prices hit economic growth and growing competition squeezes profit margins, the head of the United Arab Emirates' largest lender by assets said on Wednesday. NBAD was the latest UAE lender to post strong fourth-quarter earnings, beating analyst forecasts with a 27.6 percent...

  • LONDON/ STOCKHOLM Jan 28- IKEA Group, the world's biggest furniture retailer, expects a rise in European revenues to continue this financial year, with its focus on low prices helping it to cope in a struggling economy. The privately-held Swedish company, which makes almost 70 percent of sales in Europe, said on Wednesday demand in previously crisis-hit...

  • *Dollar up on surprise monetary easing in Singapore. LONDON, Jan 28- Gold eased on Wednesday as the dollar steadied on expectations the Federal Reserve is unlikely to deliver significant changes to its policy outlook, though concerns about the global economy might push back the timing of a rate rise. "I don't think we can expect a big change in the Fed's policy...

  • *Singapore dollar slides on surprise easing. In an unscheduled policy statement, the Monetary Authority of Singapore said that it is reducing the slope of its policy band for the Singapore dollar because the inflation outlook has "shifted significantly" since its last review in October 2014. The surprise easing, the first unscheduled policy change in over a...

  • TOKYO, Jan 28- The dollar stepped back from a 11- year peak against a basket of currencies after soft spending data and some disappointing earnings cast doubts about the underlying optimism on the U.S. economic outlook. The euro ticked up to $1.1362, extending its rebound from a 11- year low of $1.1098 hit on Monday. "I would say the dollar selling we've seen so far is...

  • SAO PAULO, Jan 27- Brazilian mall and supermarket associations on Tuesday forecast slowing sales growth after a weak 2014, with revenues scarcely keeping up with inflation and store openings as consumer sentiment sours. The meager 2015 forecasts reinforce a grim outlook for Brazilian retailers, as higher taxes, rising interest rates and stagnant job growth...

  • *S&P cuts Russia's sovereign credit rating. MOSCOW, Jan 26- Ratings agency S&P cut Russia's sovereign credit rating to below investment grade, or "junk" status, on Monday for the first time in a decade. S&P said in a statement it had cut the rating from BBB- to BB+, with a negative outlook, and that Russia's economic growth prospects- hit by low oil prices and Western...

  • MOSCOW, Jan 26- Ratings agency S&P said on Monday it had cut Russia's sovereign credit rating to BB+ or below investment grade with a negative outlook, and said Russia's economic growth prospects have weakened. It could not only harm Russia's image among investors, but also push up its borrowing costs, as many mainstream investment and pension funds have rules...

  • S&P downgrades Russia credit rating to junk Monday, 26 Jan 2015 | 1:27 PM ET

    LONDON— Standard& Poor's rating agency on Monday downgraded Russia's credit grade by one notch to junk status, citing a weakened economic outlook. Russia's economy has been hit hard by the double impact of weaker prices for its energy exports as well as Western sanctions. Standard& Poor's said that Russia's financial system is weakening, limiting room for...