(Reuters) – Goldman Sachs raised its 2024 U.S. GDP growth forecast to 2.3% from 2.1% expected earlier. “We expect much stronger GDP growth in 2024 than consensus and see a much lower risk of recession, ” Goldman Sachs said in a note on Sunday. (Reporting by Priyadarshini Basu in Bengaluru; Editing by Sonia Cheema)
By Tom Westbrook and Ankur Banerjee SINGAPORE (Reuters) -Taiwan’s election could allay global concerns about the island’s relations with China, while prompting a light selloff domestically on Monday as investors worry the result could hinder economic policy. Vice President Lai Ching-te won the presidency on Saturday, the third consecutive term for his ruling Democratic Progressive…
By Brendan O’Brien and Rich McKay CHICAGO (Reuters) -Tens of millions of Americans were in the pathway of dangerous and damaging weather conditions as snowstorms moved across the Northwest and Midwest, flooding threatened the East Coast and potential tornadoes were on tap in the South. Airlines delayed more than 7,600 flights across the U.S. on…
(Reuters) – Chinese electric car-maker BYD has held talks with Brazil’s Sigma Lithium over a possible supply agreement, joint venture or acquisition, the Financial Times reported on Sunday. BYD met Sigma Chief Executive Ana Cabral Gardner in Sao Paulo last month, BYD’s Brazilian chair, Alexandre Baldy, told the newspaper, but did not give details, citing…
(Reuters) – Alaska Airlines has begun preliminary inspections on some of its Boeing 737-9 MAX aircrafts this weekend, adding that up to 20 planes could undergo inspection, the company said on Saturday. The carrier also said it would initiate and enhance its own layers of quality control to the production of the airplane and has…
By Steve Holland, Nandita Bose and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden said on Saturday the United States does not support the independence of Taiwan, after Taiwanese voters rebuffed China and gave the ruling party a third presidential term. Earlier in the day, the Taiwanese ruling Democratic Progressive Party’s (DPP) presidential candidate Lai…
By David Shepardson and Allison Lampert WASHINGTON (Reuters) – The U.S. aviation regulator on Friday extended the grounding of Boeing 737 MAX 9 airplanes indefinitely for new safety checks and announced it will tighten oversight of Boeing itself after a cabin panel broke off a new jet in mid-flight. As United Airlines and Alaska Airlines…
By Cynthia Kim SEOUL (Reuters) – North Korea stopped operating a radio station used to send coded messages to its agents in South Korea, the Yonhap news agency said on Saturday, the latest sign the isolated country is shaking up the way it handles relations with Seoul. North Korea has been stepping up pressure on…
(Reuters) – Alaska Airlines said it will extend its cancellation of Boeing 737 MAX 9 flights through Tuesday, Jan. 16, for planes that have been grounded since last week’s mid-air cabin panel blowout. Alaska has been cancelling about 20% of daily flights since Saturday after the grounding of its 65 MAX 9 planes. (Reporting by…
By Scott DiSavino (Reuters) -U.S. natural gas and power prices hit multi-year highs on Friday ahead of extreme cold that was expected to bring record gas demand while also cutting supplies by freezing wells. Lower gas supplies at a period of surging demand could test power systems in hard-hit areas. Winter storms in 2021 and…
