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Actualités Forex
U.S. Dollar Climbs Amid Fed, China Concerns
The U.S. dollar firmed against its major counterparts in the European session on Friday, on the prospects of higher interest rates and concerns about China's shadow banking sector.
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Bay Street Likely To Open On Negative Note
Lower Canadian and U.S. futures, weak crude oil prices and weakness in European markets point to a negative start for the Canadian market on Friday.
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Ford, Partners To Build C$1.2 Bln EV Battery Plant In Quebec
Auto major Ford Co. and its South Korean partners SK On and EcoProBM announced an investment of C$1.2 billion or about $887 million to build a cathode manufacturing facility in Quebec, Canada. Through the cathode joint venture or JV, the three companies are expected to have a stable supply of battery raw materials in North America.
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Estee Lauder Guides FY24 Well Above Estimates - Update
While reporting financial results for the fourth quarter on Thursday, Estee Lauder Cos., Inc. (EL) initiated its earnings and adjusted earnings guidance for the full-year 2024, well above estimates, and provided outlook for the first quarter, well below estimates.
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Pound Falls As U.K. Retail Sales Drop More Than Expected
The pound weakened against its major counterparts in the European session on Friday, as weaker than expected U.K. retail sales data for July reduced possibility of more interest rate hikes from the Bank of England.
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Sensex, Nifty Follow Global Peers Lower
Indian shares ended slightly lower on Friday as risk-off sentiment prevailed in global financial markets amid fears of U.S. interest rates remaining higher for longer and concerns about spreading debt defaults in China's property market.
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European Shares Extend Declines For Fourth Day
European stocks were moving lower on Friday, extending losses for a fourth consecutive session on renewed concerns surrounding China's slowing growth and the prospect of further interest rate hikes by the Federal Reserve.
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more news
China's Evergrande Files For Bankruptcy Protection In US
Amid the deepening real estate crisis in China, embattled property giant China Evergrande Group has filed for Chapter 15 bankruptcy protection in New York. Chapter 15 allows heavily-indebted company like Evergrande to protect its assets in the US amid its restructuring efforts. China's second-largest property developer, with debts estimated to total more than $300 billion, defaulted on its debt r
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FTSE 100 Slips On Downbeat Retail Sales Data
U.K. stocks fell on Friday after data showed U.K. retail sales registered a bigger-than-expected fall in July as a result of poor weather and the rising cost-of-living.
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CAC 40 Declines On Interest-rate Fears
French stocks traded lower on Friday as bond yields hit a 15-year high on fears that major central banks will keep interest rates higher for longer to tame inflation.
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DAX Extends Losses On China Growth Concerns
German stocks declined on Friday to extend losses from the previous session on China growth concerns and fears of further interest-rate hikes by the U.S. Federal Reserve.
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Asian Shares Mostly Lower On China Concerns, US Rate Uncertainty
Asian stocks ended mostly lower on Friday amid lingering worries about the Chinese economy and higher interest rates.
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UK Retail Sales Fall More Than Expected
UK retail sales registered a bigger-than-expected fall in July as poor weather reduced footfall as the rising cost-of-living hurt household consumption, data released by the Office for National Statistics revealed on Friday. The retail sales volume declined 1.2 percent month-on-month in July, offsetting June's 0.6 percent increase. This was the first drop in four months. Sales were forecast to fa
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