Economic downturn and operational challenges have dimmed the positive outlook for poultry markets, according to Rabobank research. Demand remains strong and supply limited, but the context is changing, the firm said in its latest analysis, published on Monday (19 December). An economic downturn will affect market conditions, ongoing high inflation will pressure consumer spending power, … Read more
Domestic rating agency Icra on Monday upped its banking sector outlook to ‘positive’ on healthy asset growth, improving asset quality and stronger capital buffers. The agency expects asset quality to improve to a decadal best of 4 per cent from a gross non-performing assets (NPAs) perspective by the end of FY24. The banking system’s credit … Read more
Oil prices under pressureOil prices have continued to fall into the tailend of 2022 after a strong start to the year. An initial spike in prices, following the invasion of Ukraine by Russia, has more than eroded with: Russian oil still making its way into the market, global monetary tightening across most of the global … Read more
Global trade should hit a record $32 trillion for 2022, but a slowdown that began in the second half of the year is expected to worsen in 2023 as geopolitical tensions and tight financial conditions persist, said UNCTAD in a new report. Despite the war in Ukraine and the lingering impact of the pandemic, trade … Read more
India’s economic activity looks set to slow as resilience wanes India’s economy appeared to slow rather than accelerate last month, as high-frequency indicators tracked by Bloomberg signaled worsening business and consumption activity. Although a dial measuring so-called animal spirits showed activity was steady for a fifth straight month in November, the needle was just one … Read more
FreshBooks, Thinkific, Revelate, Bridgit among latest firms to cut staff amid downturn. More than a dozen Canadian tech companies have recently laid off employees, BetaKit has learned, joining a growing list of firms to shed staff in 2022. As 2022 comes to a close, Canadian tech companies are continuing to reduce headcounts as they … Read more
The 10-year Treasury yield rose as investors considered what is next for the U.S. economy. The yield on the benchmark 10-year Treasury note was up about 4 basis points at 3.49%, after climbing back above the 3.5% level earlier in the day. The 2-year Treasury yield last fell about 5 basis points at 4.193%. Yields … Read more
In an interview with Insider, Citi’s Ed Morse said he expects Brent crude to finish 2023 around $76 a barrel. Next year, energy markets will see both a supply uptick and an easing of global demand, Morse said. He explained how the roles of Russia and the US have shifted on the world stage. Loading … Read more
The 2023 recruiting cycle is heating up with the Early Signing Period next week. Top prospects across the country continue to announce their college decisions. But there is still plenty of elite talent on the board. With that in mind, we check in on the top uncommitted prospects in the 2023 class and where … Read more
With a few major exceptions, state officials expect their budgets to be in strong positions for the coming year. The robust projections come even as worries linger about the health of the nation’s economy overall. “The economy has proved much more resilient than anybody expected,” said Shelby Kerns, the executive director of the National Association … Read more