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Forex News
Polaris Industries Q4 Profit Soars, Tops Estimates; Initiates FY23 Outlook
While reporting financial results for the fourth quarter and fiscal 2022 on Tuesday, automotive manufacturer Polaris Industries Inc. (PII) initiated adjusted earnings and sales growth guidance for the full-year 2023.
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835 days ago
France Inflation Accelerates To 6.0%
Inflationary pressures in the French economy continued unabated at the start of the year as consumer price inflation and the EU harmonized rate accelerated in January and producer price growth remained strong, even as the economy narrowly escaped a recession in the fourth quarter, thus validating the tightening stance of the European Central Bank that is set to hike rates further this week.
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835 days ago
Daiso Recalls Matsunaga Mini Shiruko Sand Biscuits
La Mirada, California-based Daiso California LLC is recalling certain Matsunaga Mini Shiruko Sand Biscuits citing undeclared soy, an allergen, the U.S. Food and Drug Administration said. The recall incolves Matsunaga Mini Shiruko Sand Biscuits with sku 4902773016966, packaged in four pink and cream bags chained together. Each individual serving is 25g for an entire product weight of 100g.
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835 days ago
UBS Q4 Profit Climbs, Lifts Dividend, Plans $5 Bln Buyback; Stock Down
Swiss banking giant UBS Group AG reported Tuesday a higher profit in its fourth quarter with drop in operating expenses, while revenues were weak. Further, the company lifted its dividend, and said it plans more than $5 billion share repurchase. UBS shares were losing around 3 percent in Swiss trading as well as in pre-market activity on the NYSE.
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835 days ago
Sensex, Nifty Recover After Early Slide
Indian shares recovered from an early slide to end on a positive note Tuesday, as oil extended losses on demand concerns and the International Monetary Fund sounded bullish on India's growth prospects, saying that the country is a bright spot in an otherwise gloomy global backdrop.
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835 days ago
Australian Dollar Declines As European Shares Drop Ahead Of Fed Meeting
The Australian dollar fell against its major counterparts on Tuesday, as investors became cautious ahead of key central bank meetings, including the Federal Reserve.
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835 days ago
Czech Economy Enters Recession In Q4 With 0.3% Contraction
The Czech Republic's economic output contracted for the second straight quarter in the three months ended December, largely due to lower household consumption, thus entering a technical recession, preliminary estimates from the statistical office showed on Tuesday. Gross domestic product decreased 0.3 percent sequentially in the fourth quarter, following a 0.2 percent fall in the third quarter.
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835 days ago
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Court Rejects J&J Bankruptcy Petition To End Talc Cancer Lawsuits
A U.S. appeals court has rejected Johnson & Johnson's bankruptcy move, saying that it can't escape from nearly 40,000 lawsuits filed by women who claimed to have developed ovarian cancer after using its asbestos contained talcum powder products. J&J, which already withdrew its talc-based baby powder, is now required to defend itself against these thousands of ovarian cancer claims.
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835 days ago
European Shares Extend Losses Ahead Of Fed Meeting
European stocks declined on Tuesday as investors awaited the Federal Reserve's rate decision due Wednesday and the accompany statement for clues about the outlook for further rate hikes.
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835 days ago
FTSE 100 Edges Lower As IMF Slashes Growth Outlook
U.K. stocks opened lower on Tuesday after the International Monetary Fund (IMF) said the British economy will shrink by 0.6 percent in 2023, rather than grow slightly as previously predicted, reflecting high energy prices and factors such as high inflation.
The benchmark FTSE 100 was down 45 points, or 0.6 percent, at 7,740 after gaining 0.3 percent in the previous session.
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835 days ago
CAC 40 Retreats On Growth Concerns
French stocks slipped into the red on Tuesday as investors awaited cues from a slew of central bank meetings and key U.S. tech earnings.
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835 days ago
DAX Dips On Disappointing Economic Data
German stocks were moving lower on Tuesday on the back of disappointing economic data releases.
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835 days ago
Asian Shares End Lower Ahead Of Fed Meeting
Asian stocks fell on Tuesday despite stronger purchasing managers' index data from China. As recession worries mount, investors awaited a slew of central bank decisions this week for direction.
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835 days ago
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