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Berita Valas
UK Inflation Hits 17-Month Low On Energy Prices
UK consumer price inflation hit a 17-month low in July on easing energy prices but core inflation stayed unchanged and services cost inflation accelerated, strengthening the case for another interest rate hike in September. Consumer price inflation slowed to 6.8 percent in July, as expected, from 7.9 percent in June, the Office for National Statistics reported Wednesday.
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719 days ago
Target, TJX Q2 Earnings Top Estimates
Retailers Target and TJX reported Wednesday profits for the second quarter that topped analysts' estimates. Profit soared more than four-fold at Target, reflecting improved gross margins, despite a 4.9 percent drop in revenues. Profit at TJX grew from last year, driven by improved gross margins and revenue growth.
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719 days ago
Eurozone GDP Logs Growth In Q2
The euro area economy expanded as initially estimated in the second quarter despite tight credit conditions and high inflation damping demand. Gross domestic product registered a sequential growth of 0.3 percent after remaining unchanged in the first quarter, flash estimate from Eurostat showed Wednesday. Year-on-year, economic growth eased to 0.6 percent from 1.1 percent
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719 days ago
U.S. Housing Starts Show Substantial Rebound In July
New residential construction in the U.S. saw a substantial rebound in the month of July, according to a report released by the Commerce Department on Wednesday.
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719 days ago
Bay Street Likely To See Flat Start
Canadian shares are likely to open flat on Wednesday, tracking mixed cues from European and commodities markets.
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719 days ago
TJX Companies Boosts FY24 Outlook - Update
While reporting financial results for the second quarter on Wednesday, off-price retailer TJX Companies, Inc. (TJX) provided its earnings outlook for the third and fourth quarters, while raising its earnings guidance for the full-year 2024.
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719 days ago
Emerson To Buy FLEXIM Flexible Industriemesstechnik For Undisclosed Terms
Emerson Electric Co. (EMR) announced Wednesday a definitive agreement to acquire FLEXIM Flexible Industriemesstechnik GmbH, a global leader in clamp-on ultrasonic flow measurement for liquids, gases and steam. Terms of the transaction were not disclosed.
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719 days ago
more news
Sensex, Nifty Reverse Early Losses As Dollar And Bond Yields Ease
Indian shares reversed early losses to end higher on Wednesday despite heightened risk aversion in global markets.
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719 days ago
Chick-fil-A Unveils New Chicken Sandwich, Milkshake
Fast food restaurant chain Chick-fil-A is launching its first ever seasonal spin on the Original Chicken Sandwich, along with a new milkshake, beginning Monday, August 28. Atlanta-based Chick-fil-A's Honey Pepper Pimento Chicken Sandwich as well as Caramel Crumble Milkshake will be available in its stores acorss the United States, while supplies last. Honey Pepper Pimento Chicken Sandwich...
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719 days ago
Pound Climbs As U.K. Inflation Data Backs BoE Rate Hike Bets
The pound appreciated against its major counterparts in the European session on Wednesday, as the nation's consumer inflation came in line with expectations in July, reinforcing expectations that the Bank of England will raise interest rate again at its next monetary policy meeting in September.
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719 days ago
European Shares Edge Higher After Industrial Output, GDP Data
European shares were mostly higher on Wednesday after the release of Eurozone industrial production and Q2 GDP data.
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719 days ago
FTSE 100 Marginally Lower After Inflation Data
U.K. stocks were marginally lower on Wednesday as investors reacted to lackluster economic data from China and a higher-than-expected U.K. core inflation print.
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719 days ago
New Zealand Central Bank Leaves Key Rate Unchanged
New Zealand central bank kept its key rate unchanged for the second straight meeting but policymakers turned more hawkish so as to bring inflation back to the target range. The Monetary Policy Committee of the Reserve Bank of New Zealand governed by Adrian Orr, decided to leave the Official Cash Rate at 5.50 percent, as widely expected.
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719 days ago
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