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Forex News
Jabil Again Boosts FY22 Outlook - Update
While reporting preliminary, unaudited financial results for the third quarter on Thursday, Jabil Inc. (JBL) raised its core earnings and revenue guidance for the full-year 2022, based on solid demand in key areas of its business. The company also provided financial outlook for the fourth quarter.
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1077 days ago
Pound Drops After BoE Decision
The Bank of England hiked its key rate by 25 basis points to 1.25 percent from 1 percent, as expected. Following the decision, the pound fell against its major counterparts.
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1077 days ago
Commercial Metals Q3 Results Top Estimates
Commercial Metals Co. (CMC) on Thursday reported that net earnings for the third quarter soared to $312.43 million or $2.54 per share from $130.41 million or $1.07 per share in the prior-year quarter.
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1077 days ago
Pound Mixed Ahead Of BoE Decision
The Bank of England's monetary policy announcement is due at 7:00 am ET Thursday. The BoE is widely expected to raise its key rate by 25 basis points to 1.25 percent from 1 percent.
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1077 days ago
Swiss Central Bank Hikes Rate For First Time Since 2007
The Swiss National Bank on Thursday raised its key interest rate unexpectedly for the first time since 2007, joining its peers in the battle against runaway inflation. The central bank raised the SNB policy rate and the interest rate on sight deposits at the SNB by half a percentage point to -0.25 percent from -0.75 percent.
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1077 days ago
ITT Provides Long-term Financial Targets
Ahead of its investor conference later on Thursday, ITT Inc. (ITT) announced long-term financial targets, which comprise 5 to 7 percent revenue growth, 20 percent adjusted segment operating margin, over 10 percent adjusted earnings per share growth, and a free cash flow margin range of 11 percent to 13 percent, all based on actual results for the year-ending December 31, 2021.
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1077 days ago
Sensex, Nifty Nosedive As Recession Worries Mount
Indian shares reversed course to end sharply lower on Thursday amid concerns that higher U.S. interest rates could lead to more capital outflows from emerging markets, including India.
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1077 days ago
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Swiss National Bank's Unexpected Rate Hike Lifts Franc
The Swiss franc surged against its major counterparts in the European session on Thursday, after the Swiss National Bank raised its key interest rate unexpectedly and signalled more moves in the foreseeable future to counter inflationary pressures.
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1077 days ago
European Shares Retreat On Recession Worries
European stocks fell sharply on Thursday as fears mounted that the Fed might trigger a recession sometime in the next year with its aggressive rate action.
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1077 days ago
FTSE 100 Tumbles Ahead Of BoE Rate Decision
U.K. stocks fell sharply on Thursday ahead of the Bank of England rate announcement due at noon. Analysts expect another 25-bps rate hike coupled with cautious commentary around the economy.
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1077 days ago
DAX Tumbles With Inflation Worries In Focus
German stocks tumbled on Thursday as investor focus shifted to inflation and the possibility of a global recession.
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1077 days ago
Asian Shares Pare Gains To End Mixed
Asian stocks gave up early gains to end broadly lower on Thursday amid concerns that higher U.S. interest rates could lead to more capital outflows from emerging markets.
Investors continued to fret about high the impact of surging inflation on economic growth and corporate earnings.
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1077 days ago
Franc Climbs After SNB Decision
The Swiss National Bank raised its key rate by 50 basis points to -0.25 percent from -0.75 percent. The franc firmed against its major counterparts after the decision.
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1077 days ago
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