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Algonquin Power & Utilities Slashes FY22 Outlook As Q3 Adj. EPS Misses Estimates
Algonquin Power & Utilities Corp. (AQN, AQN.TO) reported Friday a net loss attributable to shareholders for the third quarter of $195.2 million or $0.29 per share, sharply wider than $27.9 million or $0.05 per share in the prior-year quarter.
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Pound Eases As U.K. Economy Shrinks
The pound retreated from its early highs against its most major counterparts in the European session on Friday, as the U.K. economy contracted in the third quarter, fuelling concerns over a recession.
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Sensex, Nifty Surge Amid Global Rally; Auto Stocks Underperform
Indian shares rallied on Friday as cooling U.S. inflation fueled hopes the Federal Reserve would soon start scaling down the size of its interest-rate hikes.
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Elon Musk Reportedly Warns Twitter Bankruptcy Possible
Elon Musk, in his first meeting with Twitter staff following the acquisition, warned that the social media platform could file for bankruptcy next year, reports said. The news comes as more and more key employees are leaving Twitter following the recent mass layoff. The U.S. Federal Trade Commission said its watching Twitter with deep concern after the company's top privacy and compliance officer
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European Shares Rise As China Eases COVID Curbs; FTSE 100 Underperforms
European stocks rose on Friday to extend gains from the previous session as cooling U.S. inflation fueled hopes the Federal Reserve would soon start scaling down the size of its interest-rate hikes.
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FTSE 100 Gives Up Early Gains As Economy Shrinks In Third Quarter
U.K. stocks gave up early gains to turn flat on Friday after official data showed the U.K. economy contracted for the first time since early 2021 in the third quarter.
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CAC 40 Extends Gains On Hopes Of Fed Easing
French stocks rose on Friday to extend gains from the previous session as softer-than-expected U.S. inflation data fueled hopes the Federal Reserve will ease up on its interest-rate increases in the coming months.
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DAX Edges Higher As China Eases COVID Curbs
German stocks eked out modest gains on Friday, as China eased some of its COVID-19 curbs and cooling inflation fueled hopes the U.S. Federal Reserve will go slow on interest-rate hikes.
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Asian Shares Climb On Fed Pivot Hopes
Asian stocks soared on Friday, as China cut quarantine restrictions for inbound travelers and flights, and softer-than-expected U.S. inflation data fueled hopes the Federal Reserve will ease up on its interest-rate increases in the coming months.
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European Shares Seen Broadly Higher As Recession Worries Ease
European stocks are seen opening broadly higher on Friday as fears of a U.S. recession eased.
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European Economics Preview: UK GDP Data Due
Quarterly national accounts, industrial output and foreign trade figures are due from the UK on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is scheduled to release first quarterly GDP estimate for the third quarter. The economy is forecast to shrink 0.5 percent sequentially, reversing a 0.2 percent rise in the second quarter.
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Sensex, Nifty Rally On Global Cues; IT Stocks Lead Gains
Indian shares opened sharply higher on Friday, mirroring positive global cues as weak U.S. inflation data raised hopes of Fed easing and a soft landing for the world's largest economy.
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Asian Markets A Sea Of Green
Asian stock markets are trading sharply higher on Friday, following the broadly positive cues from global markets overnight, reflecting a positive reaction to the smaller-than-expected increase in US consumer price inflation in October, which helped increase optimism the US Fed will start slowing the pace of its monetary policy tightening measures as early as next month.
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