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UK Jobless Rate Climbs, Payroll Employment Declines
The UK unemployment rate rose slightly and payroll employment declined for the first time in more than two years as the economic slowdown started to bite the labor market. The jobless rate rose to 3.9 percent in the three months to March from 3.8 percent in the preceding month, data published by the Office for National Statistics showed on Tuesday.
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Blue Apron Inks Long-term Operations And Logistics Relationship With FreshRealm
Blue Apron Holdings, Inc. (APRN) announced Tuesday plans for a long-term operations and logistics relationship with FreshRealm, a leading provider of fresh meals to top retailers nationwide. The companies have signed a non-binding letter of intent for up to $50 million payable to Blue Apron for the transfer of its operational infrastructure, as well as when transition, efficiency and product milestones are met.
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Bay Street Likely To Open Slightly Weak
Canadian shares look headed for a slightly weak start on Tuesday, tracking lower bullion prices and subdued crude futures.
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Wells Fargo Reaches $1 Bln Settlement To Resolve Federal Securities Class Action Lawsuit
Law firm Bernstein Litowitz Berger & Grossmann (BLB&G) announced Tuesday that it has reached a settlement agreement on behalf of its clients and a class of investors with Wells Fargo & Co (WFC), which has agreed to pay $1 billion in cash to resolve a federal securities class action lawsuit in the United States.
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Australia Consumer Confidence Plummets On Rate Hike, Budget
Australia's consumer confidence weakened notably in May to the lowest level since the pandemic outbreak in 2020 as consumers expressed deep pessimism after a surprise rate hike from the Reserve Bank and a mildly disappointing budget, survey results from Westpac showed on Tuesday. The Westpac Melbourne Institute Index of Consumer Sentiment fell 7.9 percent to 79.0 in May from 78.5 in April.
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Sensex Drops 413 Points; Nifty Ends At 18,286
Indian shares fell notably on Tuesday despite positive global cues.
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European Shares Little Changed Amid Data Deluge
European shares were little changed on Tuesday as investors digested disappointing data from China and looked for progress in the U.S. debt ceiling talks.
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FTSE 100 Slightly Higher As Unemployment Edges Higher
U.K. stocks rose slightly on Tuesday and the pound dropped against its major counterparts after the nation's jobless rate came in higher than expected in the three months to March, reducing concerns over more interest rate hikes from the Bank of England.
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Vodafone FY23 Adj. EBITDAaL Down, Sees Broadly Flat Result In FY24; Stock Dips
Shares of Vodafone Group Plc were losing around 4 percent in the morning trading in London as well as in pre-market activity on Nasdaq after the British telecom major reported Tuesday lower adjusted EBITDAaL, a key earnings metric, in its fiscal 2023. This was despite reporting significantly higher net profit, largely reflecting a gain on disposal of Vantage Towers.
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CAC 40 Little Changed As Eurozone GDP Grows Slightly In Q1
French stocks were subdued on Tuesday as a slew of China data disappointed and investors awaited the outcome of crucial U.S. debt ceiling talks.
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Pound Falls As U.K. Jobless Rate Ticks Up
The pound dropped against its major counterparts in the European session on Tuesday, as the nation's jobless rate came in higher than expected in the three months to March, reducing concerns over more interest rate hikes from the Bank of England.
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DAX Edges Higher Despite Weak China Data
German stocks edged higher on Tuesday even as a slew of economic data showed China's economic recovery is losing momentum.
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China Industrial Output, Retail Sales Data Miss Expectations
China's industrial production and retail sales expanded at faster rates in April but both missed expectations signaling that monetary policy easing might be needed to regain the strength experienced after the scrapping of zero-Covid policy. Industrial production posted an annual growth of 5.6 percent in April, faster than the 3.9 percent increase in March, the National Bureau of Statistics said
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