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Forex News
U.S. Housing Starts Pull Back Sharply In June
After reporting a substantial increase in new U.S. residential construction in the previous month, the Commerce Department released a report on Wednesday showing a sharp pullback in housing starts in the month of June.
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723 days ago
Goldman Sachs Q2 Profit Misses Estimates; Boosts Dividend 10%
Goldman Sachs Group, Inc. (GS) reported Wednesday that profit for the second quarter plunged 62 percent from last year, reflecting higher provisions for bad loans, 8 percent drop in net revenues and 12 percent higher operating expenses. Earnings per share missed analysts' expectations, while quarterly revenues topped it by a whisker.
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723 days ago
Bay Street Likely To Open Flat
Canadian shares are likely to open somewhat flat on Wednesday, tracking subdued commodity prices.
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723 days ago
FTSE 100 Surges With Inflation Surprise
FTSE 100 of the London Stock Exchange surged more than 1.3 percent as headline inflation for the month of June delivered a positive surprise.
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723 days ago
European Stocks Gain On Soft Inflation Data
European stocks are broadly higher on Wednesday thanks to soft inflation data from the U.K., and rising expectations that the Federal Reserve's rate hiking cycle will end soon.
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723 days ago
U.S. Bancorp Q2 Profit Declines, But Adj. EPS Meets Estimates
U.S. Bancorp (USB) reported Wednesday that net income attributable to U.S. Bancorp for the second quarter declined to $1.36 billion or $0.84 per share from $1.53 billion or $0.99 per share in the prior-year quarter.
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723 days ago
Sensex, Nifty Gain For 5th Straight Session, Post New Highs
As Indian shares turned in another fine performance, the benchmark indices Sensex and the Nifty continued to climb higher and posted fresh intraday and closing highs on Wednesday.
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723 days ago
more news
Pound Declines As U.K. Inflation Eases More Than Expected
The pound was lower on Wednesday, as the nation's consumer inflation slowed more than expected to a 15-month low in June, raising the possibility of a softening in the monetary policy outlook.
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723 days ago
CAC-40 Rises As Cooling Inflation Triggers Hopes Of Monetary Policy Review
The CAC-40 gained on Wednesday amidst positive sentiment generated by the falling inflation trajectory in the Euro Area as well as the U.K.
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723 days ago
DAX Rises Amidst Easing Inflation
he DAX benchmark of the Frankfurt bourse gained on Wednesday as markets took cognizance of the easing in inflation in the euro area as well as the U.K.
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723 days ago
Volvo Group Q2 Results Climb, Orders Down; Stock Dips
Shares of Volvo Group were losing around 3 percent in the morning trading in Sweden after the commercial vehicle manufacturer reported Wednesday lower orders in its second quarter amid weakening demand, even as profit and net sales increased from last year. Further, the company raised its forecast for annual industry-wide heavy truck sales in Europe and North America.
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723 days ago
Asian Stocks Close On A Positive Note
Asian markets finished trading on a positive note, tracking Wall Street's gains a day earlier. A positive surprise on inflation from U.K. also supported sentiment.
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723 days ago
UK Inflation Eases More Than Expected To 15-month Low
UK consumer price inflation slowed more than expected to a 15-month low in June, strengthening the case for a quarter point rate hike from the Bank of England rather than an aggressive half a percentage point increase at the August meeting. The consumer price index, or CPI, posted an annual increase of 7.9 percent in June, which was slower than the 8.7 percent rise in May.
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723 days ago
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