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TSX Ends Slightly Higher After Cautious Session

The Canadian market ended slightly up on Wednesday after a lackluster session as investors largely refrained from making significant moves amid a lack of triggers. Uncertainty about interest rates rendered the mood cautious.
RTTNews | vor 567 Tagen
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

The Switzerland market ended weak on Wednesday, in line with markets across Europe, as investors were reluctant to pick up stocks amid uncertainty about the likely timing of interest rate cuts by central banks, including the Federal Reserve.
RTTNews | vor 567 Tagen
Canadian Dollar Firms As Oil Extends Gains

Canadian Dollar Firms As Oil Extends Gains

The Canadian dollar strengthened against its major counterparts in the European session on Wednesday, as oil prices traded higher for a third consecutive session after the U.S. Energy Information Administration (EIA) said it expects U.S. output to remain largely steady through 2025, easing worries of excess supply.
RTTNews | vor 567 Tagen
BoE's Breeden Says Less Need To Consider Further Rate Hikes

BoE's Breeden Says Less Need To Consider Further Rate Hikes

The Bank of England is unlikely to consider further interest rate hikes as the likelihood of a greater persistence of inflation has diminished, a policymaker said Wednesday. "As I have become more confident that persistence is likely to evolve as embodied within our forecast, I have become less concerned that rates might need to be tightened further," the policymaker Sarah Breeden said.
RTTNews | vor 567 Tagen
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Terns Pharmaceuticals Appoints Amy Burroughs As CEO

Terns Pharmaceuticals Appoints Amy Burroughs As CEO

Terns Pharmaceuticals, Inc. (TERN) announced Wednesday the appointment of Amy Burroughs as chief executive officer (CEO), effective immediately. Burroughs will also join the Terns board of directors.
RTTNews | vor 567 Tagen
U.S. Trade Deficit Widens As Imports Jump More Than Exports

U.S. Trade Deficit Widens As Imports Jump More Than Exports

With imports increasing by more than exports, the Commerce Department released a report on Wednesday showing the U.S. trade deficit widened in the month of December. The Commerce Department said the trade deficit increased to $62.2 billion in December from a revised $61.9 billion in November.
RTTNews | vor 567 Tagen
Forward Air Appoints Michael Hance Interim CEO After Tom Schmitt Departs

Forward Air Appoints Michael Hance Interim CEO After Tom Schmitt Departs

Forward Air Corp. (FWRD) announced Wednesday that Chairman, President and Chief Executive officer Tom Schmitt has departed the Company. Michael Hance has been appointed Interim Chief Executive Officer, effective immediately, in addition to his current position as Chief Legal Officer and Secretary.
RTTNews | vor 567 Tagen
Falling Mortgage Rates Boosts UK Housing Market

Falling Mortgage Rates Boosts UK Housing Market

Easing mortgage rates as well as softening inflation helped to lift British home buyers' confidence that pushed up house prices for the fourth straight month in January, taking the annual growth rate to the highest level in a year. Data published by the Lloyds Bank subsidiary Halifax and S&P Global showed that house prices grew at a faster pace of 1.3 percent month-on-month in January.
RTTNews | vor 567 Tagen
German Industrial Output Logs Worse Than Expected Fall

German Industrial Output Logs Worse Than Expected Fall

Germany's industrial production continued to decline and posted a worse-than-expected fall in December highlighting the fragile nature of the economy. Data from Destatis showed that industrial output dropped 1.6 percent month-on-month, bigger than the revised 0.2 percent fall in November and also worse than economists' forecast of 0.4 percent decrease.
RTTNews | vor 567 Tagen

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