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Euro Falls After German Flash Inflation Data
At 8.00 am ET Thursday, German flash inflation data for September has been released. After the data, the euro dropped against its major counterparts.
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UPS Agrees To Acquire MNX Global Logistics For Undisclosed Terms
UPS (UPS) announced Thursday that it has entered into an agreement to acquire MNX Global Logistics (MNX), a global time-critical logistics provider. The value and terms of the transaction are not being disclosed at this time.
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Eurozone Economic Confidence Falls In September
Eurozone economic confidence weakened in September largely driven by the deterioration in sentiment among consumers, survey results from the European Commission showed on Thursday. The economic confidence index fell to 93.3 in September from 93.6 in the previous month. But the reading was above economists' forecast of 92.5.
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Alta Equipment To Acquire Burris Equipment For $14.0 Million In Cash
Alta Equipment Group Inc. (ALTG) announced Thursday that it has entered into a definitive agreement to acquire Burris Equipment Co., a premier supplier of market leading construction and turf equipment with three locations in Illinois.
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Sensex, Nifty Tumble Led By IT Stocks
Indian shares fell sharply on Thursday, as risk aversion gripped markets amid bets for further policy tightening by the U.S. Federal Reserve and concerns over China's beleaguered property market.
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Singapore Unveils Additional Support Package For Households
The Singapore government announced an additional S$1.1 billion support package to help Singaporean households to cope with the rising cost of living. The package provides more support for the lower and middle income groups, Minister of Finance Lawrence Wong said Thursday. The latest announcement is an extension of the measures unveiled at this year's budget.
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Sterling Rises Against Majors
The British pound strengthened against other major currencies in the European session on Thursday.
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European Shares Extend Declines On Rate Worries
European stocks traded lower on Thursday amid persistent fears of higher U.S. interest rates and concerns over China's beleaguered property market.
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UK Car Production Declines For First Time In 7 Months: SMMT
UK car production declined in August after expanding for six straight months as factories were shut for planned maintenance, and they geared up to produce the next generation electric vehicles, the Society of Motor Manufacturers and Traders said Thursday. Car output decreased 9.7 percent from a year ago in August, the SMMT said. Around 45,052 models were rolled off the factory lines.
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FTSE 100 Declines On Interest-rate Concerns
U.K. stocks fell notably on Thursday as housebuilders suffered heavy losses on interest-rate concerns, more than offsetting gains in the energy sector.
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CAC 40 Edges Lower As Oil Prices Climb
French stocks declined on Thursday as oil prices climbed to the highest in a year, underpinning bond yields and raising fears of further interest rate hikes in the U.S. and Europe.
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DAX Slides Ahead Of Inflation Data
German stocks were slightly lower on Thursday as investors awaited inflation data later in the day for direction.
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Asian Shares Mostly Lower On China Woes
Asian stocks ended mostly lower on Thursday as investors remained concerned about further interest rates hikes in the U.S.
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