outlook

Tuesday’s decision to hike interest rates to 3.85 per cent sent shockwaves through the country but Reserve Bank of Australia (RBA) boss Philip Lowe has defended the central bank’s painful move.The 0.25 per cent increase to interest rates…

New Delhi: Driven by a recovery in China’s economy and “resilient growth” in India, growth in the Asia Pacific region is expected to accelerate to 4.6 per cent in 2023, up from 3.8 per cent in 2022, the International Monetary Fund said in…

Amazon reported better-than-expected revenue on Thursday, but the stock's initial pop was wiped out after executives raised concerns of ongoing weakness in cloud growth.Here are the key numbers:Earnings: 31 cents per shareRevenue: $127.4…

Sony Group Corp. offered a conservative profit outlook for the current fiscal year, warning about the impact of the global consumer spending slump on its electronics and entertainment businesses. The Tokyo-based firm said it expects…

Meta Platforms Inc CEO Mark Zuckerberg said on Wednesday that AI was helping the company boost traffic to Facebook and Instagram and earn more in ad sales, as it forecast quarterly revenue well above analyst expectations. Meta shares…

Singapore: Oil prices slipped on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+ supply cuts. Brent crude slipped 48 cents,…

After releasing Outlook for Mac to all users, Microsoft is adding its most important feature yet. The company is rolling out its Profiles function, which integrates with Apple’s Focus FIlter, so if you have multiple email accounts…

NSW and Victoria, which make up the lion’s share of consumer spending, are expected to be hardest hit, but all states and territories are forecast to be affected.Smith said that by the Reserve Bank’s own projections, about 15 per cent of…

When Gov. Gavin Newsom proposed a 2023-24 budget in January, he acknowledged that the revenue estimates made six months earlier were way too optimistic and that the state had evolved from a nearly $100 billion surplus to a $22.5 billion…

“They may not reach the $1 trillion level next year as they thought,” he said.LoadingAt the end of February, the stronger revenues and lower spending had the expected deficit for the current financial year $20.5 billion lower than…