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Berita Valas
German Export Growth Tops Expectations
Germany's exports grew more than expected in February reflecting strong demand from the US and China, official data revealed Tuesday. Exports increased 4.0 percent from January, when shipments were up 2.5 percent, Destatis reported. This was the second consecutive rise. Growth was also better than the expected 1.6 percent gain.
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856 days ago
Lindsay Q2 EPS Tops Estimates, But Revenues Miss
Lindsay Corp. (LNN) reported on Tuesday that net earnings for the second quarter increased to $18.05 million or $1.63 per share from $14.57 million or $1.32 per share in the prior-year quarter.
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856 days ago
Acuity Brands Q2 Profit Tops Estimates, While Top Line Misses View
Acuity Brands, Inc., an industrial technology company, announced Tuesday higher profit and net sales in its second quarter with growth in both business segments. Adjusted earnings topped market estimates, while top line missed view. Neil Ashe, Chairman, President and Chief Executive Officer of Acuity Brands, said, "We delivered solid performance again in the second quarter of 2023...."
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856 days ago
Duke Energy Prices Offering Of $1.5 Bln Of 4.125% Convertible Senior Notes Due 2026
Duke Energy Corp. (DUK) announced Tuesday the pricing of its offering of $1.5 billion aggregate principal amount of 4.125% convertible senior notes due 2026 in a private placement under the Securities Act of 1933, as amended.
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856 days ago
AMC Theatres Settles Shareholder Lawsuit Over Reverse Stock Split
AMC Entertainment Holdings Inc. has reached a settlement in a shareholder lawsuit to proceed with converting its preferred stock into common shares. Following the settlement, which will provide investors additional shares as part of recapitalization, the movie theater chain's shares fell 22 percent in the extended trade on Monday, while its preferred shares grew 22 percent.
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856 days ago
European Shares Mostly Higher Despite Inflation Worries
European stocks were broadly higher on Tuesday despite concerns about rising oil prices and its likely impact on inflation and growth.
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856 days ago
FTSE 100 Marginally Higher In Lackluster Trade
U.K. stocks were slightly higher on Tuesday, with banks and miners leading the surge.
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856 days ago
more news
CAC 40 Edges Higher As Investors Shrug Off Inflation Concerns
French stocks were moving higher on Tuesday despite concerns that a jump in oil prices might stoke inflation and prompt the Federal Reserve to act more aggressively.
Investors cheered the results of an ECB survey showing that consumer expectations for euro-area inflation fell for a second month.
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856 days ago
DAX Rises In Cautious Trade
German stocks traded higher on Tuesday after an ECB survey showed medium inflation expectations for the next 12 months fell from 4.9 percent in January to 4.6 percent in February.
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856 days ago
Asian Shares Mostly Higher Despite Growth Concerns
Asian stocks rose broadly on Tuesday even as rising oil prices revived worries about inflation and weak U.S. manufacturing data added to the gloom surround the U.S. economy.
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856 days ago
RBA Pauses Monetary Policy Tightening
Australia's central bank decided to halt its monetary policy tightening in order to assess the full impact of the cumulative 350 basis points increase since last May but policymakers pointed out that some further tightening may be needed to bring inflation back to the target. The board of the Reserve Bank of Australia left the cash rate target unchanged at 3.60 percent.
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856 days ago
Branson's Virgin Orbit Files For Bankruptcy Protection; Sale Process On
Richard Branson's Virgin Orbit Holdings, which has been struggling to keep up its operations after failing to find required funding, has filed for Chapter 11 bankruptcy. The space launch provider plans to continue the sale process under the Chapter 11 protection to provide clarity on its future. The company's latest issues started with a rocket failure in January that added to its severe financial
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856 days ago
Australian Dollar Falls As RBA Keeps Policy Unchanged
The Australian dollar came under pressure against other major currencies in the Asian session on Tuesday, after the Reserve Bank of Australia Governor Philip Lowe has kept the Official Cash Rate (OCR) unchanged at 3.6 percent. The outcome of the meeting matched economists' expectations.
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856 days ago
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