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South Korea GDP Improves 0.7% On Quarter In Q2
South Korea's gross domestic product expanded a seasonally adjusted 0.7 percent on quarter in the second quarter of 2022, the Bank of Korea said in Thursday's preliminary reading - in line with expectations and up from 0.6 percent in the previous three months.
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Australia Manufacturing PMI Ebbs In August - S&P Global
The manufacturing sector in Australia continued to expand in August, albeit at a slower pace, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 53.8.
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Win Streak Expected To End For South Korea Shares
The South Korea stock market has moved higher in two straight sessions, advancing more than 45 points or 1.8 percent along the way. The KOSPI now rests just above the 2,470-point plateau although it may be stuck in neutral on Thursday.
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South Korea GDP Data Due On Thursday
South Korea will on Thursday release final Q2 numbers for gross domestic product, highlighting a busy day for Asia-Pacific economic activity. In the three months prior, GDP expanded 0.6 percent on quarter and 3.0 percent on year.
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U.S. Dollar Continues To Show A Lack Of Direction
Extending the lackluster performance seen earlier in the week, the value of the U.S. dollar has continued to show a lack of direction on Wednesday.
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Inflation Woes Drag European Markets Into The Red
The major European markets continued their recent downward trend on Wednesday, shrugging off a higher opening by moving quickly into the red and eventually finishing solidly lower.
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Rate Hike, Growth Concerns Lift U.S. Dollar
The U.S. dollar climbed against its major counterparts in the European session on Wednesday, as European shares dropped on concerns that aggressive interest rate hikes by central banks in Europe and the U.S. could curtail global growth.
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more news
Chicago Business Barometer Inches Slightly Higher In August
A report released by MNI Indicators on Wednesday showed its reading on Chicago-area business activity was little changed in the month of August. MNI Indicators said its Chicago business barometer inched up to 52.2 in August from 52.1 in July, with a reading above 50 indicating growth. Economists had expected the business barometer to edge down to 52.0.
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U.S. Private Sector Job Growth Falls Well Short Of Estimates In August
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much less than expected in the month of August. ADP said private sector employment rose by 132,000 jobs in August after jumping by 268,000 jobs in July. Economists had expected employment to surge by 288,000 jobs.
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Walmart To Acquire Minority Stake In Sustainable Beef
Retail giant Walmart, Inc. (WMT) and Sustainable Beef LLC announced Wednesday that Walmart signed an agreement to acquire a minority stake in North Platte, Nebraska-based Sustainable Beef LLC, a rancher-owned company.
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Vera Bradley Trims FY23 Outlook After Slipping To Loss In Q2
While reporting financial results for the second quarter on Wednesday, Vera Bradley, Inc. (VRA) trimmed its earnings and revenue guidance for the full-year 2023, as it expects the challenging macroeconomic environment to continue for the balance of the year.
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U.S. Private Sector Employment Rises Much Less Than Expected In August
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much less than expected in the month of August.
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Dye & Durham Appoints Frank Di Liso As New CFO
Workflow software maker Dye & Durham Ltd. (DND, DND.TO) announced Wednesday that Frank Di Liso has been appointed as the Company's Chief Financial Officer, effective September 23, 2022. Di Liso will be based in Toronto and report directly to CEO Matthew Proud.
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