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Eurozone Industrial Output Falls; Trade Deficit Widens
Reflective of weak economic activity towards the end of the year, Eurozone industrial production declined more than expected and the trade deficit widened in December, suggesting that the currency bloc is not far from a recession. Industrial production was down 1.1 percent on a monthly basis in December, in contrast to the 1.4 percent increase in November
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vor 921 Tagen
Analog Devices Guides Q2 Above Estimates; Boosts Dividend 13% - Update
While reporting financial results for the first quarter on Wednesday, semiconductor company Analog Devices Inc. (ADI) provided earnings and revenue guidance for the second quarter, above analysts' expectations.
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vor 921 Tagen
Caleres Boosts FY22 Outlook
While reporting preliminary results for the fourth quarter on Wednesday, footwear brand Caleres Inc. (CAL) raised its adjusted earnings and sales growth guidance for the full-year 2022, based on a stronger-than-anticipated holiday performance and continued robust demand for its lead brands.
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vor 921 Tagen
Norway Economy Expands 0.8% On More Household Spending
The Norwegian mainland economy expanded at a faster pace in the fourth quarter, underpinned by increased household consumption of goods, data published by Statistics Norway said Wednesday. Mainland Norway gross domestic product increased 0.8 percent sequentially, faster than the 0.6 percent rise in the third quarter.
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vor 921 Tagen
Tesla Workers Launching Unionization Campaign At New York Plant
Tesla Inc. workers at the Gigafactory in Buffalo, New York are launching a campaign to form a union, seeking better pay and job security, Bloomberg reported. The employees reportedly sent an email to Chief Executive Officer Elon Musk with their intent to unionize, which would be a first for the luxury electric vehicle maker, if successful.
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vor 921 Tagen
Wabtec Guides FY23 Adj. EPS In Line; Boosts Dividend 13% - Update
While reporting its financial results for the fourth quarter on Wednesday, transportation solutions provider Wabtec Corp. (WAB) initiated its adjusted earnings and sales guidance for the full-year 2023.
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vor 921 Tagen
Lufthansa Flights Delayed Or Cancelled On IT Failure
Deutsche Lufthansa AG announced that its flights were delayed or cancelled Wednesday morning due to a IT failure in Frankfurt. Lufthansa shares were losing around 1.4 percent in the morning trading following the news. The German flag carrier tweeted, "Important information on flight disruption: As of this morning the airlines of the Lufthansa Group are affected by an IT outage,..."
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vor 921 Tagen
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UK Inflation Weakens To 10.1%
UK consumer price inflation eased more than expected in January on lower fuel prices, but the rate remained elevated, squeezing household income and adding more strain on the cost of living. Consumer prices registered an annual growth of 10.1 percent in January, following the 10.5 percent increase in the previous month, data published by the Office for National Statistics showed Wednesday.
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vor 921 Tagen
FTSE 100 Hesitant Amidst The Inflation Surprise
FTSE 100 of the London Stock Exchange edged lower and traded in the red zone amidst a positive surprise on the inflation front.
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vor 921 Tagen
CAC-40 Leads The European Rally
The CAC-40 led gains in the European region with a surge of close to 1 percent, as relief at the CPI in U.K. cooling more-than-expected to 10.1 percent offset anxiety lingering ever since U.S. inflation declined less-than-expected to 6.4 percent.
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vor 921 Tagen
Barclays Stock Down On Weak Q4, FY22 Profits
Shares of Barclays Plc were losing around 9 percent in the early morning trading in London as well as in pre-market activity on the NYSE after the British banking major reported Wednesday lower profit in its fourth quarter and fiscal 2022 on charges. However, income and net interest income improved as weakness in Corporate and Investment Bank segment was offset by strong growth in Consumer, Cards.
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vor 921 Tagen
DAX Rises Amidst U.K.'s Inflation Surprise
The DAX benchmark of the Frankfurt bourse moved higher on Wednesday amidst relief following the more-than-expected dip in inflation in the U.K.
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vor 921 Tagen
Indonesia Trade Surplus Grows On Exports Surge
Indonesia's trade surplus increased markedly at the start of the year, as exports grew more rapidly than imports, figures from Statistics Indonesia showed on Wednesday. The trade surplus rose to $3.87 billion in January from $0.96 billion in the same month last year. Exports logged a double-digit annual growth of 16.37 percent yearly in January.
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vor 921 Tagen
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