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U.S. Bancorp Q2 Profit Declines, But Adj. EPS Meets Estimates
U.S. Bancorp (USB) reported Wednesday that net income attributable to U.S. Bancorp for the second quarter declined to $1.36 billion or $0.84 per share from $1.53 billion or $0.99 per share in the prior-year quarter.
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769 days ago
Sensex, Nifty Gain For 5th Straight Session, Post New Highs
As Indian shares turned in another fine performance, the benchmark indices Sensex and the Nifty continued to climb higher and posted fresh intraday and closing highs on Wednesday.
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769 days ago
Pound Declines As U.K. Inflation Eases More Than Expected
The pound was lower on Wednesday, as the nation's consumer inflation slowed more than expected to a 15-month low in June, raising the possibility of a softening in the monetary policy outlook.
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769 days ago
CAC-40 Rises As Cooling Inflation Triggers Hopes Of Monetary Policy Review
The CAC-40 gained on Wednesday amidst positive sentiment generated by the falling inflation trajectory in the Euro Area as well as the U.K.
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769 days ago
DAX Rises Amidst Easing Inflation
he DAX benchmark of the Frankfurt bourse gained on Wednesday as markets took cognizance of the easing in inflation in the euro area as well as the U.K.
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769 days ago
Volvo Group Q2 Results Climb, Orders Down; Stock Dips
Shares of Volvo Group were losing around 3 percent in the morning trading in Sweden after the commercial vehicle manufacturer reported Wednesday lower orders in its second quarter amid weakening demand, even as profit and net sales increased from last year. Further, the company raised its forecast for annual industry-wide heavy truck sales in Europe and North America.
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769 days ago
Asian Stocks Close On A Positive Note
Asian markets finished trading on a positive note, tracking Wall Street's gains a day earlier. A positive surprise on inflation from U.K. also supported sentiment.
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769 days ago
more news
UK Inflation Eases More Than Expected To 15-month Low
UK consumer price inflation slowed more than expected to a 15-month low in June, strengthening the case for a quarter point rate hike from the Bank of England rather than an aggressive half a percentage point increase at the August meeting. The consumer price index, or CPI, posted an annual increase of 7.9 percent in June, which was slower than the 8.7 percent rise in May.
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769 days ago
NZ Dollar Retreats Against Majors
The New Zealand dollar retreated from its early highs in the Asian session on Wednesday.
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769 days ago
U.K. Inflation Surprise Seen Lifting European Markets
Markets in Europe are expected to open on a firm note on Wednesday amidst expectations of a softening in the monetary policy outlook. The more-than-expected decline in inflation in the U.K. is expected to drive the positive sentiment.
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769 days ago
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Wednesday.
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769 days ago
Sensex, Nifty Up Marginally After Scaling New Highs
Indian shares are turning in a mixed performance Wednesday morning, with investors looking for direction and largely making stock specific moves.
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769 days ago
European Economic News Preview: UK Inflation Data Due
Consumer and producer prices data from the UK is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for June.
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769 days ago
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