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Swiss Economy Fails To Gain Steam In Q3
Switzerland's economy expanded at a slower-than-expected pace in the third quarter as high inflation weighed on consumer spending, official data showed Tuesday. The economy registered a sequential growth of 0.2 percent in the three months to September, following the second quarter's downwardly revised 0.1 percent rise, the State Secretariat for Economic Affairs, or SECO, in Bern reported.
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903 days ago
Royal Bank Of Canada To Acquire HSBC Bank Canada For C$13.5 Bln In Cash
Royal Bank of Canada or RBC (RY, RY.TO) announced Monday an agreement to acquire 100 percent of the common shares of HSBC Bank Canada, a premier Canadian personal and commercial bank, for an all-cash purchase price of C$13.5 billion. All of HSBC Canada's earnings from June 30, 2022 through close will accrue to RBC.
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903 days ago
Scotiabank Q4 Profit Declines
Canadian lender Bank of Nova Scotia (BNS.TO, BNS), called Scotiabank, announced Wednesday that fourth-quarter net income attributable to common shareholders of the Bank declined to C$1.95 billion or C$1.63 per share from C$2.41 billion or C$1.97 per share in the prior-year quarter.
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903 days ago
UK Mortgage Approvals At 28-Month Low
UK mortgage approvals declined to a 28-month low in October as rising interest rates started to hurt housing market activity, official data revealed on Tuesday. Approvals for house purchases, an indicator of future borrowing, declined more-than-expected to 58,977 in October from 65,967 in September, the Bank of England data showed. The expected level was 60,200 and reached the lowest since June
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903 days ago
Australian, NZ Dollars Climb As China COVID Concerns Reduce
The Australian and NZ dollars climbed against their major counterparts in the European session on Tuesday, as European shares rose on hopes that China will ease its stringent COVID curbs following recent protests in several major cities.
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903 days ago
Spain Bucks The Trend As Inflation Slumps Due To Energy Price Fall
Spain witnessed a sharp decline in inflation in November, thanks to a fall in prices of fuel and electricity and also to government measures to ease the energy cost burden on households and businesses. Consumer price inflation slowed unexpectedly in November, and at a sharp rate, preliminary data from the statistical office INE showed Tuesday.
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903 days ago
Sensex, Nifty Extend Rally For Sixth Session
Indian shares extended their rally for a sixth straight session to hit fresh record highs Tuesday on the back of firm global cues and a weakening dollar in overseas markets.
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903 days ago
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European Shares Mixed In Choppy Trade
European stocks were mixed on Tuesday as caution prevailed ahead of German inflation data for November and final November consumer confidence data for the euro zone due later in the day.
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903 days ago
Baidu To Expand Fully Driverless Ride-Hailing Service Area
Chinese Internet company Baidu.com Inc. said it plans to build the world's largest autonomous ride-hailing service area in 2023, maintaining its growth momentum. The company, which offers autonomous ride-hailing platform Apollo Go, outlined its plans during its autonomous driving tech event, Apollo Day. Further, a series of new autonomous driving technology breakthroughs were revealed.
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903 days ago
FTSE 100 Gains On China COVID Optimism
U.K. shares rose notably on Tuesday amid hopes that anti-lockdown protests may pressure the Chinese government into eventually relaxing its zero-COVID policy.
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903 days ago
CAC 40 Edges Higher On China Hopes
French stocks edged higher on Tuesday after Beijing rolled out more stimulus measures and speculation mounted that the Chinese government was considering the scaling back of its anti-COVID policies following countrywide protests over the weekend.
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903 days ago
DAX Edges Higher Ahead Of Inflation Data
German stocks eked out modest gains on Tuesday as nationwide unrest in China over COVID curbs eased and the country said it would bolster vaccination among its senior citizens, a move regarded by health experts as crucial to reopening the world's second-largest economy.
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903 days ago
Asian Shares Rise On China Reopening Buzz
Asian stocks rose on Tuesday, with mainland China and Hong Kong markets leading the surge, as China reported a slight dip in new COVID-19 infections and China reopening rumors swirled ahead of a press conference later in the day on COVID prevention and control measures.
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903 days ago
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