Forex News
Anglo American And BHP Major Shareholder PIC Demands Substantial Revision Of BHP Proposal For Anglo
Public Investment Corp. or PIC, a major shareholder of both Anglo American plc (AAUKY.PK, AAL.L) and BHP Group (BHP), on Wednesday said it requires a meaningful revision of the current BHP proposal for Anglo American to "reflect both the embedded value of existing Anglo assets and the future optionality and benefits that BHP can derive, specifically from Anglo's unlisted assets."
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2 days ago
Bay Street Likely To Open Lower
Canadian shares are likely to open on a slightly negative note Wednesday morning as energy and materials sectors may find the going somewhat tough due to weak commodity prices.
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2 days ago
Biogen To Buy Human Immunology Biosciences In Deal Valued At Up To $1.8 Bln
Biogen Inc. (BIIB) and privately-held biotechnology company Human Immunology Biosciences or HI-Bio, announced Wednesday the companies have entered into a definitive agreement under which Biogen has agreed to acquire HI-Bio for $1.15 billion upfront and up to $650 million in potential milestone payments.
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2 days ago
UK Inflation Slows Less Than Expected To 2.3%
UK consumer prices rose more than expected in April due to the stickiness of services inflation, which would possibly delay the timing of the first interest rate cut. Consumer prices rose 2.3 percent on a yearly basis in April, slower than the 3.2 percent increase in March, the Office for National Statistics reported Wednesday.
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2 days ago
TJX Companies Guides Q2 EPS Below Estimates; Boost FY24 EPS Outlook - Update
While reporting financial results for the first quarter on Wednesday, off-price retailer TJX Companies, Inc. (TJX) provided its earnings and comparable store sales outlook for the second quarter and raised earnings outlook for the full-year 2024.
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2 days ago
Pitney Bowes Appoints Lance Rosenzweig To Succeed Jason Dies As Interim CEO
Shipping and mailing company Pitney Bowes Inc. (PBI) announced Wednesday the appointment of Lance Rosenzweig as the Company's interim Chief Executive Officer, effective immediately. Rosenzweig will continue to serve as a member of the Board of Directors.
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2 days ago
Target Q1 Profit Misses Estimates, Backs FY24 View; Stock Down
Target Corp. shares were losing more than 8 percent in pre-market activity on the NYSE after the general merchandise retailer reported weak profit, sales and comparable sales in its first quarter. Earnings per share missed the Street estimates. Further, the company issued second-quarter outlook and maintained fiscal 2024 forecast.
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2 days ago
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RBNZ Holds Key Interest Rate; Delays Rate Cut Plan
New Zealand's central bank maintained its benchmark rate for the seventh consecutive session and signaled a delay in rate cuts as services inflation is receding slowly. The Monetary Policy Committee of the Reserve Bank of New Zealand, led by Governor Adrian Orr, decided to hold the Official Cash Rate at 5.50 percent.
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2 days ago
Sensex, Nifty End Modestly Higher Ahead Of FOMC Minutes
Indian shares eked out modest gains on Wednesday, with IT, realty and FMCG stocks leading the charge.
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2 days ago
M&S Stock Up On Higher FY24 Results, Dividend, Outlook
Shares of Marks and Spencer Group Plc or M&S were gaining more than 7 percent in the morning trading in London after the retail major reported Wednesday significantly higher profit and sales in its fiscal 2024. The company also announced a dividend, and said it is confident to make further progress in 2025 and beyond.
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2 days ago
European Shares Slip After UK Inflation Data
European stocks declined on Wednesday due to uncertainty over the rate outlook and amid caution ahead of Nvidia's earnings release.
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2 days ago
FTSE 100 Slides As Inflation Slows Less Than Forecast
U.K. stocks declined on Wednesday while the British pound strengthened against other major currencies after data showed that U.K. consumer price inflation slowed less than expected in April, raising uncertainty over a possible rate cut in June.
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2 days ago
CAC 40 Dips Ahead Of Fed Minutes
French stocks edged lower on Wednesday as investors awaited AI chip leader Nvidia's earnings and the release of minutes of the Federal Reserve's recent meeting for direction.
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2 days ago