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Forex News
Synovus Financial Q3 Results Top Estimates
Synovus Financial Corp. (SNV), a provider of commercial and retail banking, investment, and mortgage services, reported Thursday that its third-quarter net income available to common shareholders was $194.75 million or $1.33 per share, higher than $178.48 million or $1.21 per share in the year-ago quarter.
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948 days ago
Sensex, Nifty Close Modestly Higher
The major Indian benchmarks Sensex and the Nifty ended modestly higher on Thursday thanks to some strong buying at select counters in the final minutes of the day's session.
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948 days ago
Euro Climbs On Hot German Producer Inflation Data
The euro advanced against its most major counterparts in the European session on Thursday, as German producer inflation rose more than expected in September amid soaring energy prices.
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948 days ago
DAX Dips As Inflation Hurts
The German stock market benchmark DAX dropped further amidst renewed concerns over inflation and economic growth. The annual producer price inflation remaining at the 45.8 percent peak seen in August as well as disappointments in corporate earnings updates dragged down the benchmark index.
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948 days ago
Asian Stocks Decline Amidst Widening Monetary Policy Divergence
Asian stocks finished mostly lower on Thursday, tracking Wednesday's losses at Wall Street. PBoC's status quo on rates and concerns about economic growth in China also dampened sentiment.
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948 days ago
Indian Rupee Hits Record Low Against U.S. Dollar On Fed Rate Hike Worries
The Indian rupee lost ground against the U.S. dollar in late morning deals on Thursday, as regional shares fell, tracking a drop in Asian shares, amid worries that aggressive monetary tightening to contain inflation could spark a global recession.
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948 days ago
China Keeps Loan Prime Rates Unchanged
China kept its main lending rates unchanged for the second straight month as the yuan's weakness limited the scope for policy loosening. The People's Bank of China retained its one-year loan prime rate, or LPR, at 3.65 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was kept unchanged at 4.30 percent.
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948 days ago
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Sensex, Nifty Down In Negative Territory On Weak Global Cues
The Indian market, which opened on a weak note Thursday morning, tracking global cues, continues to languish in negative territory with several frontline stocks under selling pressure.
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948 days ago
European Stocks Seen Opening Weak
European stock markets are expected to open weak on Thursday amidst renewed fears over inflation and rate hikes. The surge in bond yields and anxieties over corporate earnings and economic recession could dampen sentiment in Thursday's trade.
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948 days ago
European Economics Preview: France Business Sentiment Data Due
Business confidence survey data from France is due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, Destatis releases Germany's producer prices for September. Economists forecast prices to surge 44.7 percent on a yearly basis, but slower than the 45.8 percent increase posted in August.
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948 days ago
Asian Markets Track Global Markets Lower
Asian stock markets are trading mostly lower on Thursday, following the broadly negative cues from global markets overnight, as traders remained concerned about a global recession after data showed a sharp acceleration in UK inflation. A jump in US treasury yields to its highest closing level in over fourteen years also strengthened the US dollar against Asian currencies.
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948 days ago
Soft Start Predicted For Thai Stock Market
The Thai stock market on Wednesday ended the two-day winning streak in which it had gathered almost 30 points or 2 percent. The Stock Exchange of Thailand now rests just beneath the 1,590-point plateau and the losses may accelerate on Thursday.
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948 days ago
Japanese Market Sharply Lower
The Japanese stock market is sharply lower on Thursday, giving up the gains in the previous two sessions, with the Nikkei 225 falling nearly to the 26,900 level, following the broadly negative cues from global markets overnight, with exporters and technology stocks leading the declines.
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948 days ago
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