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Forex News
U.S. Housing Starts Unexpectedly Skyrocket To 13-Month High In May
A report released by the Commerce Department on Tuesday showed new residential construction in the U.S. unexpectedly skyrocketed in the month of May. The Commerce Department said housing starts soared by 21.7 percent to an annual rate of 1.631 million in May after tumbling by 2.9 percent to a revised rate of 1.340 million in April.
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696 days ago
Bank Of England Set To Deliver Another 25 Bps Hike
The Bank of England is all set to raise its benchmark rate for the thirteenth straight policy session this week in the face of elevated inflation and persistent labor market tightness in the UK, but the bank rate is unlikely to peak at the level markets are currently pricing in.
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696 days ago
Boeing, Air India Finalize Order For Up To 290 New Boeing Single-aisle Wide-body Jets
Boeing Co. (BA) and Air India announced Tuesday they have finalized an order for up to 290 new Boeing single-aisle wide-body jets and expanded services at the 2023 Paris Air Show to renew and expand Air India's fleet.
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696 days ago
Fed's Pause Hastens Dollar's Slide
The Dollar dropped heavily against major currencies during the week ended June 16 amidst the Federal Reserve skipping a rate hike.
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696 days ago
U.S. Housing Starts Unexpectedly Skyrocket In May
A report released by the Commerce Department on Tuesday showed new residential construction in the U.S. unexpectedly skyrocketed in the month of May.
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696 days ago
BD To Sell Surgical Instrumentation Platform To STERIS For $540 Mln
Medical technology company Becton, Dickinson and Co. or BD (BDX) announced Tuesday that it has signed a definitive agreement to sell its Surgical Instrumentation platform to STERIS plc (STE) for $540 million.
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696 days ago
Bay Street Likely To Open With Negative Bias
The Canadian market is likely to open with a negative bias Tuesday morning, weighed down by weak European markets and subdued commodities.
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696 days ago
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Pound Weakens As China Growth Concerns Linger
The pound dropped against its major rivals in the European session on Tuesday, as modest cuts in China's loan prime rates failed to inspire investors.
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696 days ago
Newmont To Defer Full-funds Investment For Yanacocha Sulfides Project In Peru For At Least Two Years
Newmont Corp. (NEM, NGT.TO) announced Tuesday it will defer the full-funds investment decision for the Yanacocha Sulfides project in Peru for at least two years to advance its portfolio optimization strategy designed to maximize returns for shareholders and create long-term value for other stakeholders.
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696 days ago
VF Corp. Appoints Bracken Darrell As President And CEO
VF Corp. (VFC), a leading portfolio of lifestyle brands, announced Tuesday that its Board of Directors has appointed Bracken Darrell as President and CEO, effective July 17, 2023. Darrell will join VF from Logitech International S.A., where he served as President and CEO since 2013.
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696 days ago
Eli Lilly To Acquire DICE Therapeutics For $48/share All-cash Deal
Drug major Eli Lilly and Co. (LLY) and biopharmaceutical company DICE Therapeutics, Inc. (DICE) announced Tuesday a definitive agreement for Lilly to acquire DICE for $48 per share in cash or an aggregate of approximately $2.4 billion.
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696 days ago
Sensex, Nifty End Higher On Late Buying
Indian shares eked out modest gains on Tuesday despite mixed cues from global markets and weakness in rupee.
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696 days ago
China Lowers Loan Prime Rate
In a bid to support the struggling economy, the People's Bank of China lowered its benchmark rate on Tuesday after reducing other major policy rates earlier this month, while most of its global peers are still pursuing the tightening mode to keep a lid on inflation. The central bank cut its one-year loan prime rate, or LPR, to 3.55 percent from 3.65 percent.
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696 days ago
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