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U.S. Weekly Jobless Claims Inch Up From Downwardly Revised Level
A report released by the Labor Department on Thursday showed a modest increase in first-time claims for U.S. unemployment benefits in the week ended May 20th. The Labor Department said initial jobless claims crept up to 229,000, an increase of 4,000 from the previous week's downwardly revised level of 225,000.
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823 days ago
Indonesia Central Bank Keeps Rate Unchanged
Indonesia's central bank left its benchmark rate unchanged for the fourth consecutive meeting on Thursday, as inflation moved closer to the target. The Board of Governors of Bank Indonesia, led by Governor Perry Warjiyo, decided to hold the seven-day reverse repo rate at 5.75 percent. The deposit facility rate was retained at 5.00 percent and the lending facility rate at 6.50 percent.
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823 days ago
U.S. First Quarter GDP Growth Unexpectedly Upwardly Revised
Economic growth in the U.S. slowed less than previously estimated in the first three month of 2023, according to revised data released by the Commerce Department on Thursday.
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823 days ago
U.S. Weekly Jobless Claims Inch Up To 229,000
A report released by the Labor Department on Thursday showed a modest increase in first-time claims for U.S. unemployment benefits in the week ended May 20th.
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823 days ago
Bank Of Korea Holds Key Rate Steady At 3.50%
South Korea's central bank left its key interest rate unchanged for the third straight meeting on Thursday but the bank chief signaled that more rate hikes cannot be ruled out due to the persistent inflation. The Monetary Policy Board of the Bank of Korea, headed by Governor Rhee Chang-yong, unanimously decided to keep the Base Rate unchanged at 3.50 percent.
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823 days ago
Bay Street Likely To Open On Mixed Note
Canadian shares are likely to open on a mixed note on Thursday with investors reacting to earnings announcements from major banks, and tracking global cues and commodity prices.
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823 days ago
German Consumer Confidence To Improve Slightly In June: GfK
Germany's consumer confidence will strengthen in June as households were more positive about their income growth amid the hope of a rise in wages and salaries resulting in a less severe loss of purchasing power. The consumer confidence index rose to -24.2 in June from a revised -25.8 in May, survey results from the market research group GfK showed Thursday.
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823 days ago
more news
UK Car Production Grows 9.9% On Foreign Demand
UK car production rose for the third successive month in April, supported by strong export demand along with continued ease in global supply chain shortages, particularly with regard to semiconductors, data from the Society of Motor Manufacturers and Traders, or SMMT, showed. Car production climbed 9.9 percent year-on-year to 66,527 units in April, driven by a 14.7 percent surge in exports.
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823 days ago
Dollar Tree Slashes FY23 Earnings Outlook - Update
While reporting financial results for the first quarter on Thursday, Dollar Tree, Inc. (DLTR) provided guidance for the second quarter and slashed its earnings guidance for the full-year 2023.
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823 days ago
Euro Lower As Germany Falls Into Recession
The euro slipped against its major counterparts in the European session on Thursday, as official data showed German economy entered a technical recession in the first quarter of this year.
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823 days ago
MetLife Inks $19.2 Bln Risk Transfer Deal With Global Atlantic; Approves $1 Bln Share Buyback
MetLife, Inc. (MET) announced Thursday it has entered into an agreement with Global Atlantic Financial Group, a retirement and life insurance company, to reinsure approximately $19.2 billion U.S. retail life insurance and fixed annuity statutory reserves with Global Atlantic, including $14 billion of U.S. retail life insurance.
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823 days ago
Genesco Slips To Loss In Q1; Slashes FY24 Outlook
Specialty retailer Genesco, Inc. (GCO) on Thursday reported a net loss for the first quarter of $18.89 million or $1.60 per share, compared to net income of $4.95 million or $0.37 per share in the prior-year quarter.
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823 days ago
Medtronic Guides FY24 Adj. EPS Below View: Boosts Dividend - Update
While reporting financial results for the fourth quarter on Thursday, medical devices maker Medtronic plc. (MDT) initiated adjusted earnings guidance for the full-year 2024, below analysts' estimates.
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823 days ago
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