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South Korea Shares May Head South Again On Thursday
The South Korea stock market moved higher again on Wednesday, one day after snapping the two-day winning streak in which it had jumped more than 50 points or 2.3 percent. The KOSPI now rests just beneath the 2,485-point plateau although it's expected to turn lower again on Thursday.
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Australia Building Approval Data Due On Thursday
Australia will on Thursday release December figures for building approvals, headlining a modest day for Asia-Pacific economic activity. Approvals are expected to surge 18.5 percent after sinking 8.8 percent in November.
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TSX Ends Modestly Lower After Cautious Session
The Canadian market ended weak on Wednesday, weighed down by losses in healthcare and materials stocks.
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Canadian Market Remains In Negative Territory, Looks Headed For Weak Close
The Canadian market, which fell after a recovery from slightly weak start Wednesday morning, remains in negative territory in late afternoon trades, weighed down by losses in healthcare, utilities and technology sectors.
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Swiss Market Ends Modestly Higher
The Switzerland stock market ended modestly higher on Wednesday, in line with most of the markets across Europe, after less hawkish comments from the Federal Reserve Chairman Jerome Powell on Tuesday.
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European Stocks Close Broadly Higher
European stocks closed broadly higher on Wednesday, reacting positively to somewhat dovish comments from the Federal Reserve Chair Jerome Powell, and digesting a slew of quarterly earnings updates.
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U.S. Wholesale Inventories Inch Up In Line With Estimates In December
Wholesale inventories in the U.S. edged slightly higher in the month of December, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories inched up by 0.1 percent in December after climbing by 0.9 percent in November. The uptick matched economist estimates.
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American Airlines To Launch Proposed Offering Of $750 Mln Of Senior Secured Notes Due 2028
American Airlines, Inc., a subsidiary of American Airlines Group Inc. (AAL), announced Wednesday a proposed private offering of $750 million aggregate principal amount of senior secured notes due 2028. The Notes will be guaranteed on a senior unsecured basis by American Airlines Group.
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EBay To Lay Off About 500 Employees Or 4% Of Its Workforce
In a message to employees, e-commerce company eBay, Inc.'s (EBAY) CEO Jamie Iannone said he will be eliminating about 500 employees from their jobs over the next 24 hours. This number represents about 4% of the company's total employee base.
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Uber Q4 Profit Down; Adj. EBITDA, Revenues Climb; Sees Growth In FY23
Ride-hailing and delivery platform Uber Technologies, Inc. reported Wednesday weak profit in its fourth quarter, while adjusted EBITDA surged from last year with strong revenue growth above market view. Gross bookings increased and the company projects higher gross bookings in the first quarter. Nelson Chai, CFO, said the company significantly exceeded profitability outlook in 2022, ...
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Bay Street Seen Opening Higher
Canadian shares are likely to open higher on Wednesday, tracking firm commodity prices and positive European stocks.
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Vishay Intertechnology Guides Q1 Revenues In Line With Estimates - Update
While reporting financial results for the first quarter on Wednesday, semiconductor maker Vishay Intertechnology, Inc. (VSH) provided revenue guidance for the first quarter, in line with analysts' estimates.
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Uncertain Economic Outlook, High Inflation Weigh On UK Job Placements
Ongoing economic uncertainty coupled with the cost pressures forced the British employers to take a more cautious approach on staff hiring, a survey report compiled by S&P Global showed Wednesday. Permanent staff appointments declined for the fourth consecutive month, albeit at a weaker pace as firms often preferred to take temporary staff to fill vacancies, the KPMG/REC Report on Jobs, based on
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