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U.S. Stocks Trim Losses On Late Buying; Nasdaq Ends Slightly Up
U.S. stocks came off the session's lows on Wednesday, but still ended on a weak note, with bank stocks feeling the brunt of selling pressure.
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Swiss Market Ends Sharply Lower As Credit Suisse Crisis Triggers Sell-off
The Switzerland market ended sharply lower on Wednesday as Credit Suisse tanked to record lows as the lender's biggest shareholder's refusal to offer any further funding to the Swiss bank triggered massive selling at the counter.
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European Stocks Close Sharply Lower As Credit Suisse Crisis Hurts Sentiment
European stocks tumbled on Wednesday, with those from the banking sector going down sharply following Swiss lender Credit Suisse's short-term debt crisis triggering a massive sell-off.
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UK Govt Says Economy To Shrink 0.2% This Year But Avoid Technical Recession
The UK economy is set to contract this year yet avoid a technical recession due to the changing global developments and support measures taken by the government, Chancellor Jeremy Hunt said in his budget speech on Wednesday. The Office for Budget Responsibility forecast the economy will not enter a recession at all this year with a contraction of just 0.2 percent.
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U.S. Dollar Rallies On Banking Fears
The U.S. dollar advanced against its most major counterparts in the European session on Wednesday amid risk aversion, as shares of Credit Suisse tumbled after its top shareholder ruled out providing more funds to the troubled lender.
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Kellogg Unveils Names For Global Snacking And North American Cereal Businesses
Kellogg Co. (K) unveiled on Wednesday the names for the future companies it will create through its planned separation into two industry-leading, public companies focused on global snacking and North American cereal.
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874 hari yang lalu
Apple To Delay Bonuses For Some Employees, Limit Hiring
Apple Inc. will delay bonuses for some corporate divisions and will also limit hiring for more jobs as it expands cost-cutting efforts, Bloomberg reported citing people familiar with the matter. The tech giant will reduce the frequency of bonuses for a portion of Apple's corporate workforce, as it expects to cut costs amid weak financials.
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U.S. Producer Prices Unexpectedly Edge Slightly Lower In February
Producer prices in the U.S. unexpectedly edged slightly lower in the month of February, according to a report released by the Labor Department on Wednesday. The Labor Department said its producer price index for final demand slipped by 0.1 percent in February after rising by a downwardly revised 0.3 percent in January.
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U.S. Retail Sales Dip Amid Sharp Pullback In Auto Sales
After reporting a sharp increase in U.S. retail sales in the previous month, the Commerce Department released a report on Wednesday showing sales pulled back by slightly more than expected in the month of February. The Commerce Department said retail sales fell by 0.4 percent in February after spiking by an upwardly revised 3.2 percent in January.
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French Inflation Hits Record High
France's harmonized inflation rose more than initially estimated in February to hit a record high on higher food prices and services cost, final data from the statistical office INSEE showed on Wednesday. EU harmonized inflation advanced to 7.3 percent from 7.0 percent in the previous month. The rate was revised up from 7.2 percent estimated on February 28.
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875 hari yang lalu
U.S. Producer Prices Unexpectedly Edge Down 0.1% In February
Producer prices in the U.S. unexpectedly edged slightly lower in the month of February, according to a report released by the Labor Department on Wednesday.
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875 hari yang lalu
U.S. Retail Sales Pull Back Slightly More Than Expected In February
After reporting a sharp increase in U.S. retail sales in the previous month, the Commerce Department released a report on Wednesday showing sales pulled back by slightly more than expected in the month of February.
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875 hari yang lalu
Bay Street Likely To Open On Weak Note
Canadian shares are likely to open on a negative note on Thursday, tracking a sell-off in European markets, and weak crude oil prices, amid rising concerns about the crisis in the financial sector.
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875 hari yang lalu
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