Forex News
German Industrial Output Logs 0.1% Fall; Exports Rise
Germany's industrial production registered a marginal fall on falling construction output, while growth in both exports and imports accelerated more than expected, official data revealed on Friday. Industrial output edged down 0.1 percent on a monthly basis in April, Destatis said Friday. This follows a 0.4 percent drop in March. Although the pace of decrease softened from March.
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4 days ago
India Holds Key Interest Rates As Expected; Raises Growth Outlook
India's central bank kept its key interest rates unchanged for the eighth straight session on Thursday and pledged to maintain the disinflationary stance until inflation aligns with the target on a durable basis amid faster economic growth. The Monetary Policy Committee of the Reserve Bank of India led by Governor Shaktikanta Das, voted 4-2 to keep the policy repo rate at 6.50 percent.
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4 days ago
Semtech Appoints Hong Hou To Succeed Paul Pickle As President And CEO
Semiconductor service provider Semtech Corp. (SMTC) announced Friday the appointment of Hong Hou, a current member of the Semtech Board of Directors, as President and Chief Executive Officer, effective June 6, 2024.
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4 days ago
U.S. Employment Surges Much More Than Expected In May
Employment in the U.S. shot up by far more than economists had been expecting in the month of May, according to a closely watched report released by the Labor Department on Friday.
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4 days ago
Bay Street Likely To See Some Wild Swings; U.S., Canadian Jobs Data In Focus
Jobs data from Canada and the U.S. are set to make a significant impact on price movements in the Canadian market on Friday. The market may see some wild fluctuations early on in the session, but activity may turn a bit stock specific later on.
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4 days ago
EMCOR Group Board Authorizes Addl. $500 Mln Share Repurchase Program
EMCOR Group, Inc. (EME) announced Friday that its Board of Directors has authorized an additional $500 million for the purchase of shares of its outstanding common stock under its existing share repurchase program.
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4 days ago
GameStop Stock Surges On News Of Roaring Kitty Scheduling Livestream
GameStop Corp. shares jumped 48 percent on Thursday after the video game retailer's investor Keith Gill, famously known as "Roaring Kitty", scheduled a livestream. The shares further gained significantly in the after-hours trading as well as in pre market activity on the NYSE earlier on Friday. However, the shares are now down around 8%.
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4 days ago
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Brown & Brown Acquired McNamara For Undisclosed Terms
Insurance brokerage firm Brown & Brown, Inc. (BRO) announced that it has acquired the assets of family-owned agency McNamara Co. for undisclosed terms.
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4 days ago
Russia Central Bank Holds Rate Steady At 16%, Signals Hike In July
The Bank of Russia left the key interest rate unchanged for the fourth policy session in a row, in line with expectations, and hinted at a rate hike in the upcoming meeting.
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4 days ago
Sensex, Nifty Rise Over 2% As RBI Ups GDP Forecast
Indian shares posted strong gains on Friday as weak U.S. data spurred hopes for a Fed rate cut this year and the RBI left the repo rate unchanged at 6.5 percent in its second meeting of FY25 while raising its GDP growth projection to 7.2 percent for 2024-25 from 7 percent earlier.
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4 days ago
European Shares Fall Amid Data Deluge
European stocks fell in cautious trade on Friday as focus shifted to the U.S. jobs report due later in the day that could influence the timing and pace of Fed rate cuts.
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4 days ago
FTSE 100 Edges Lower As US Jobs Data Looms
U.K. stocks were moving lower on Friday as investors digested mixed trade figures from China and awaited the much-anticipated U.S. jobs report for directional cues.
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4 days ago
Swiss Franc Rises Against Most Majors
The Swiss franc strengthened against most major currencies in the European session on Friday.
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4 days ago
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