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Forex News
UK Car Production Grows 9.9% On Foreign Demand
UK car production rose for the third successive month in April, supported by strong export demand along with continued ease in global supply chain shortages, particularly with regard to semiconductors, data from the Society of Motor Manufacturers and Traders, or SMMT, showed. Car production climbed 9.9 percent year-on-year to 66,527 units in April, driven by a 14.7 percent surge in exports.
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776 days ago
Dollar Tree Slashes FY23 Earnings Outlook - Update
While reporting financial results for the first quarter on Thursday, Dollar Tree, Inc. (DLTR) provided guidance for the second quarter and slashed its earnings guidance for the full-year 2023.
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776 days ago
Euro Lower As Germany Falls Into Recession
The euro slipped against its major counterparts in the European session on Thursday, as official data showed German economy entered a technical recession in the first quarter of this year.
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776 days ago
MetLife Inks $19.2 Bln Risk Transfer Deal With Global Atlantic; Approves $1 Bln Share Buyback
MetLife, Inc. (MET) announced Thursday it has entered into an agreement with Global Atlantic Financial Group, a retirement and life insurance company, to reinsure approximately $19.2 billion U.S. retail life insurance and fixed annuity statutory reserves with Global Atlantic, including $14 billion of U.S. retail life insurance.
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776 days ago
Genesco Slips To Loss In Q1; Slashes FY24 Outlook
Specialty retailer Genesco, Inc. (GCO) on Thursday reported a net loss for the first quarter of $18.89 million or $1.60 per share, compared to net income of $4.95 million or $0.37 per share in the prior-year quarter.
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776 days ago
Medtronic Guides FY24 Adj. EPS Below View: Boosts Dividend - Update
While reporting financial results for the fourth quarter on Thursday, medical devices maker Medtronic plc. (MDT) initiated adjusted earnings guidance for the full-year 2024, below analysts' estimates.
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776 days ago
European Shares Slip On Growth, US Debt Ceiling Worries
European stocks were broadly lower on Thursday amid doubts about China's economic recovery and lingering uncertainty surrounding the possibility of a U.S. debt default.
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776 days ago
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FTSE 100 Slides On Growth Worries
U.K. stocks fell on Thursday amid doubts about China's economic recovery and lingering uncertainty surrounding the possibility of a U.S. debt default.
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776 days ago
CAC 40 Extends Losses On US Debt Ceiling Jitters
French stocks edged lower on Thursday to extend losses from the previous session as the impasse in negotiations to raise the U.S. debt ceiling and warnings of a possible U.S. credit rating downgrade spooked investors.
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776 days ago
DAX Slips As Germany Falls Into Recession
German stocks fell on Thursday after official data showed German economy entered a technical recession in the first quarter of this year.
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776 days ago
Asian Shares Decline On US Debt Ceiling Worries
Asian stocks hit two-month lows on Thursday and the dollar rose on safe-haven demand as the impasse in negotiations to raise the U.S. debt ceiling and warnings of a possible U.S. credit rating downgrade spooked investors.
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776 days ago
Germany Enters Recession In Q1
German economy entered a technical recession in the first quarter of this year as household consumption slumped amid the rising cost of living that is fueled by high inflation, revised data from the statistical office Destatis showed Thursday. Gross domestic product declined a seasonally and calendar adjusted 0.3 percent from the fourth quarter of last year, when the economy shrunk 0.5 percent.
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776 days ago
U.S. Dollar Rises As U.S. Debt Ceiling Concerns Linger
The U.S. dollar strengthened against other major currencies in the Asian session on Thursday, as lingering concerns about U.S. lawmakers' ability to reach an agreement on increasing the U.S. debt ceiling continued. Traders remain worried about reports suggesting a lack of progress towards a deal.
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776 days ago
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