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U.S. Dollar Eases On Soft Inflation Data
The U.S. dollar retreated against its major counterparts in the New York session on Friday, as core personal consumption expenditure price index, the Federal Reserve's preferred measure of inflation, came in lower than expected in February.
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859 days ago
Chicago Business Barometer Unexpectedly Inches Higher In March
MNI Indicators released a report on Friday showing its reading on Chicago-area business activity unexpectedly increased in the month of March. The report said the Chicago business barometer inched up to 43.8 in March from 43.6 in February, although a reading below 50 still indicates a contraction. Economists had expected the index to edge down to 43.4.
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859 days ago
U.S. Consumer Sentiment Deteriorates More Than Previously Estimated In March
Revised data released by the University of Michigan on Friday showed U.S. consumer sentiment deteriorated by more than previously estimated in the month of March. The report said the consumer sentiment index for March was downwardly revised to 62.0 from the preliminary estimate of 63.4. Economists had expected the index to be downwardly revised to 63.2.
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859 days ago
U.S. Core Consumer Price Growth Unexpectedly Slows To 4.6% In February
Core consumer price growth in the U.S. unexpectedly slowed in the month of February, according to a report released by the Commerce Department on Friday. The report said core consumer prices, which exclude food and energy prices, jumped 4.6 percent year-over-year in February.
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859 days ago
German Unemployment Unexpectedly Rises; Retail Sales Fall
Germany's unemployment unexpectedly increased in March and retail sales logged a surprise fall, adding evidence to the view that the biggest euro area economy landed in a technical recession in the first quarter. The Federal Employment Agency reported Friday that the jobless rate rose to 5.6 percent in March. The rate was forecast to remain unchanged at 5.5 percent.
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859 days ago
Novartis Gets Positive CHMP Opinion For Entresto For Pediatric Heart Failure
Novartis AG (NVS) announced Friday that the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) has adopted a positive opinion recommending approval of Entresto (sacubitril/valsartan) for a new indication to treat symptomatic chronic heart failure with left ventricular systolic dysfunction in pediatric patients aged from 1 to <18 years.
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859 days ago
China Natural Resources' Board Approves 5-to-1 Share Combination
China Natural Resources, Inc. (CHNR) announced Friday that the board of directors of the Company has approved a five-to-one share combination of issued and outstanding common shares, without par value, of the Company.
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859 days ago
more news
U.S. Core Consumer Price Growth Unexpectedly Slows In February
Core consumer price growth in the U.S. unexpectedly slowed in the month of February, according to a report released by the Commerce Department on Friday. The report said core consumer prices, which exclude food and energy prices, jumped 4.6 percent year-over-year in February.
RTTNews
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859 days ago
Eurozone Inflation Falls To 13-Month Low On Energy Prices
Eurozone inflation eased more than expected to the lowest level in more than a year in March driven by the fall in energy prices but the core figure edged up to a new record to keep the pressure on the European Central Bank to tighten its policy further. Consumer prices advanced 6.9 percent on a yearly basis in March, slower than the 8.5 percent rise in February, flash estimate published by Eur
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859 days ago
Bay Street Seen Opening Slightly Higher
Canadian shares are likely to open higher Friday morning, tracking gains in European markets after data showed a drop in Eurozone inflation, and encouraging data from China.
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859 days ago
U.S. Dollar Climbs Ahead Of PCE Inflation Data
The U.S. dollar was higher against its major counterparts in the European session on Friday, as investors awaited the release of key U.S. inflation data later in the day that could influence the Fed's monetary policy path.
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859 days ago
Ford Raises Price Of F-150 Lightning Electric Pickup Again
Ford Motor Co. has once again raised the price of its popular F-150 Lightning electric pickup truck after the automaker resumed its production that was halted following electric vehicle battery fire incident. The company will also resume shipments of the Lightning this week, reports said.
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860 days ago
Distribution Solutions To Acquire His Co. For Up To $319 Mln
Specialty distribution company Distribution Solutions Group, Inc. (DSGR) announced Friday that it reached a definitive agreement to acquire HIS Co., Inc., a leading distributor of specialty products serving high growth industrial technology applications.
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860 days ago
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