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Forex News
Nokia Q3 Results Down, To Cut Up To 14,000 Jobs; Stock Dips
Shares of Nokia Corp. were losing around 4 percent in the morning trading in Helsinki as well as around 3 percent in pre-market activity on the NYSE after the Finnish telecom major reported Thursday a sharp drop in its third-quarter profit and revenues amid ongoing macroeconomic challenges. Separately, Nokia announced a cost reduction program, expecting to cut up to 14,000 jobs.
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581 days ago
Swiss Franc Drops Against Most Majors
The Swiss franc fell against its most major counterparts in the European session on Thursday.
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581 days ago
European Shares Extend Losses On Oil, Bond Market Jitters
European stocks traded lower on Thursday to extend losses from the previous session, as a slew of downbeat earnings updates added to jitters around the Middle East war and rising bond yields.
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581 days ago
FTSE 100 Tumbles On Interest-rate Concerns
U.K. stocks tumbled on Thursday as a continued sell-off in bond markets stoked concerns about the outlook for interest rates and economic growth.
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581 days ago
CAC 40 Slides As Investors Await Powell's Speech
French stocks were sharply lower on Thursday amid concerns over rising Treasury yields and lingering Middle East tensions.
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581 days ago
DAX Dips As Yields Surge Ahead Of Powell's Speech
German stocks traded lower on Thursday as investors fretted about rising geopolitical tensions in the Middle East and the outlook for interest rates.
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581 days ago
Asian Shares Decline On Concerns About Economic Outlook
Asian stocks retreated on Thursday, with concerns of a wider conflict in the Middle East, rallying oil prices and a continued surge in bond yields weighing on sentiment.
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581 days ago
more news
Honda, GM, Cruise To Begin Driverless Ridehail Service In Japan In 2026
Auto majors Honda Motor Co., Ltd. and General Motors Co., as well as Cruise LLC, self-driving car company majority owned by GM, announced that they have entered into a Memorandum of Understanding to form a joint venture to begin a driverless ridehail service in Japan in early 2026. Cruise Origin, jointly developed by GM, Cruise and Honda and purpose built for a driverless ridehail service, ...
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581 days ago
Bank Of Korea Maintains Status Quo
South Korea's central bank left its benchmark interest rate unchanged for the sixth straight session and maintained its restrictive policy stance as geopolitical tensions pose upside risks to inflation. The Monetary Policy Board of the Bank of Korea, governed by Rhee Chang-yong, decided to maintain the policy rate at 3.50 percent.
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581 days ago
Commodity Currencies Slide Amid Risk Aversion
Commodity currencies such as the Australia, the New Zealand and the Canadian dollars weakened against their major counterparts in the Asian session on Thursday, as Asian shares traded lower, amid rising bond yields to multi-year highs, concerns about the outlook for interest rates and escalating tensions in the Middle East.
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581 days ago
Pound Drops Against Majors
The British pound weakened against other major currencies in the Asian session on Thursday.
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581 days ago
Canadian Dollar Slides Against Most Majors
The Canadian dollar weakened against most major currencies in the Asian session on Thursday.
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581 days ago
European Shares Set To Extend Losses On Risk Aversion
European stocks look set to extend losses from the previous session on Thursday as rallying oil prices and a rout in the bond markets clouded the outlook for interest rates and economic growth. Heightened geopolitical risks may also keep investors wary.
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581 days ago
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