Forex News

Japan Govt. Downgrades Economic View

Japan's government downgraded its economic assessment for the first time since January citing the weakness in business investment. "The Japanese economy is recovering at a moderate pace, although it recently appears to be pausing in part," the Cabinet Office said in a report.
RTTNews | 564 days ago
ThyssenKrupp Stock Climbs On Positive FY24 Outlook

ThyssenKrupp Stock Climbs On Positive FY24 Outlook

Shares of thyssenKrupp AG were gaining more than 7 percent in the morning trading in Germany after the industrial engineering and steel company Wednesday said it expects a profit in its fiscal 2024 and higher sales. This was despite reporting a loss in fiscal 2023, compared to prior year's profit, along with weak sales and orders amid an increasingly challenging environment.
RTTNews | 564 days ago
Blackstone To Acquire Civica For Undisclosed Financial Terms

Blackstone To Acquire Civica For Undisclosed Financial Terms

Alternative asset manager Blackstone, Inc. (BX) announced Wednesday that private equity funds managed by its affiliates have entered into a definitive agreement to acquire software company Civica, from private markets firm Partners Group, acting on behalf of its clients.
RTTNews | 564 days ago
Sam Altman To Return As OpenAI CEO

Sam Altman To Return As OpenAI CEO

OpenAI, the developer of highly popular generative AI chatbot ChatGPT, announced that it has reached a deal with ousted CEO Sam Altman to reinstate his position. In a post on X platform, OpenAI said, "We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D'Angelo..."
RTTNews | 564 days ago
Yen Falls As European Shares Traded Higher

Yen Falls As European Shares Traded Higher

The Japanese yen weakened against other major currencies in the European session on Wednesday as European stock markets traded higher, on signs of easing Middle East tensions after Israel and Hamas announced a ceasefire, during which at least 50 Israeli and foreign hostages are due to be released.
RTTNews | 564 days ago
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FTSE 100 Edges Higher Before Budget

FTSE 100 Edges Higher Before Budget

U.K. stocks edged up slightly on Wednesday ahead of finance minister's budget update. Chancellor of the Exchequer Jeremy Hunt will deliver the 2023 Autumn Statement later today, outlining the government's fiscal plan for the year ahead.
RTTNews | 564 days ago
Singapore Trims 2023 Growth Outlook

Singapore Trims 2023 Growth Outlook

Singapore narrowed its growth projection for the current year citing subdued foreign demand but the pace of expansion is forecast to improve next year with the recovery in global economies. Given its performance in the first three quarters as well as the external and domestic conditions, the Ministry of Trade and Industry said the economy is set to grow around 1.0 percent this year.
RTTNews | 564 days ago
DAX Slightly Higher In Cautious Trade

DAX Slightly Higher In Cautious Trade

German stocks traded slightly higher on Wednesday after Israel and Hamas agreed to a four-day truce that would see the Palestinian group release dozens of hostages taken on October 7.
RTTNews | 564 days ago
Asian Shares Decline After FOMC Minutes

Asian Shares Decline After FOMC Minutes

Asian stocks slipped on Wednesday and the dollar steadied near its weakest level in almost three months after the FOMC (Federal Open Market Committee) meeting minutes largely reaffirmed the U.S. central bank's more cautious stance on interest rates.
RTTNews | 564 days ago

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