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Ford Raises Price Of F-150 Lightning Electric Pickup Again
Ford Motor Co. has once again raised the price of its popular F-150 Lightning electric pickup truck after the automaker resumed its production that was halted following electric vehicle battery fire incident. The company will also resume shipments of the Lightning this week, reports said.
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Distribution Solutions To Acquire His Co. For Up To $319 Mln
Specialty distribution company Distribution Solutions Group, Inc. (DSGR) announced Friday that it reached a definitive agreement to acquire HIS Co., Inc., a leading distributor of specialty products serving high growth industrial technology applications.
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Sensex Nifty Rally As Bank Worries Ease
Indian shares posted strong gains on Friday, the last day of fiscal 2022-23, as traders returned to their desks after a holiday the previous day for Sri Ram Navami.
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UK House Prices Fall Most Since 2009
UK house prices declined at the fastest pace since mid-2009 amid rising interest rates and high inflation dampening housing affordability, the Nationwide Building Society reported Friday. The annual fall in house prices deepened to 3.1 percent in March from 1.1 percent in February. This was the biggest annual decline since July 2009. Prices were forecast to drop 2.2 percent.
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European Shares Inch Higher As Eurozone Inflation Slows
European stocks traded slightly higher on Friday after data showed Eurozone inflation has fallen sharply from 8.5 percent to 6.9 percent to reach its lowest level for a year in March following a decline in energy costs.
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FTSE 100 Marginally Higher After GDP Data
U.K. stocks were marginally higher on Friday after data showed Britain's economy grew modestly at the end of 2022 to avoid a technical recession.
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CAC 40 Inches Higher Ahead Of Key Inflation Data
French stocks were modestly higher on Friday after seeing strong gains in the previous session.
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DAX Holds Steady On Mixed Data
German stocks held steady on Friday as investors digested mixed readings on the domestic front and awaited key Eurozone and U.S. inflation data due later in the day for direction.
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Asian Shares Rise On China Data
Asian stocks followed Wall Street higher on Friday, with easing concerns about the global banking system as well as strong readings on Chinese manufacturing, services and construction activity helping boost investor sentiment.
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UK Economy Manages To Expand In Q4
The UK economy grew modestly at the end of 2022 weathering the headwinds from high inflation squeezing household income and weak global conditions and thus avoid a technical recession, official data showed on Friday. Gross domestic product grew 0.1 percent sequentially in the fourth quarter, after a first estimate of nil growth was revised, the Office for National Statistics reported. This follow
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European Economic News Preview: Eurozone Inflation, Unemployment Data Due
Flash inflation and unemployment figures from the euro area and revised quarterly national accounts and house prices from the UK are due on Friday, headlining a hectic day for the European economic news. At 2.00 am ET, UK Nationwide house price data is due. House prices are expected to register an annual fall of 2.2 percent in March, following a 1.1 percent drop in February.
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European Shares Seen Tad Higher Ahead Of US Inflation Data
European stocks are likely to open higher on Friday, though the upside may remain capped somewhat after three Fed officials kept the door open to more rate hikes to lower high levels of inflation.
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China Services Activity Growth Strongest In 12 Years
China's service sector activity expanded at the fastest pace in twelve years in March following the lifting of pandemic related restrictions last year but manufacturing activity posted a slower growth, survey results from the National Bureau of Statistics showed Friday.
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