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Forex News
European Stocks Tumble As Lack Of Progress In U.S. Debt Ceiling Talks Weigh
European stocks ended sharply lower on Wednesday amid rising concerns about a lack of progress in U.S. debt deal talks.
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777 days ago
Canadian Market Down Firmly In Negative Territory
The Canadian market is down firmly in negative territory a little past noon on Wednesday with stocks from across several sectors declining sharply on sustained selling pressure.
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777 days ago
Iceland Central Bank Raises Key Interest Rate To 8.75%
Iceland's central bank raised its key interest rate sharply at its May meeting on Wednesday to contain the risk of a wage-price spiral in the face of strong demand pressures, and the policy board hinted that further rate hikes would bring inflation back to the target range and thereby ensure a better balanced economy.
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777 days ago
Abercrombie & Fitch, Kohl's Q1 Results Top Estimates, While Children's Place Missed
U.S. retailers Abercrombie & Fitch Co. (ANF) and Kohl's Corp. (KSS) reported on Wednesday results for the first quarter that topped analysts' estimates, with Abercrombie & Fitch raising its outlook for the full-year 2023 and Kohl's affirming its guidance for fiscal 2023.
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777 days ago
UK Inflation Strengthens Call For June Rate Hike
UK consumer price inflation slowed less than expected in April and the core rate accelerated unexpectedly to a 31-year high, strengthening the case for another interest rate hike from the Bank of England in June. The consumer price index, or CPI, registered an annual increase of 8.7 percent in April after a 10.1 percent gain in March, the Office for National Statistics reported Wednesday.
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777 days ago
Sarepta Therapeutics Updates Of BLA For Sarepta's Duchenne Muscular Dystrophy Drug Candidate
Sarepta Therapeutics, Inc. (SRPT) on Wednesday provided the following update on the Biologics License Application (BLA) for SRP-9001 (delandistrogene moxeparvovec), which is currently under review for the treatment of ambulant individuals with Duchenne muscular dystrophy (DMD) who have a confirmed mutation of the DMD gene.
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777 days ago
Pound Drops Amid Debt Ceiling Deadlock
The pound fell against its major counterparts in the European session on Wednesday, as a lack of progress in negotiations on raising the debt limit dampened risk sentiment.
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777 days ago
more news
Virgin Orbit Stops Operations After Bankruptcy Sales
Richard Branson's Virgin Orbit Holdings, which had filed for Chapter 11 bankruptcy protection, said it will sell its assets to four winning bidders following an auction and will cease operations. Rocket Lab USA, Inc., a launch and space systems company, said it has agreed to buy certain Long Beach California aerospace production and manufacturing assets from Virgin Orbit.
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777 days ago
German Ifo Business Confidence Weakens For First Time In 7 Months
Germany's business confidence weakened for the first time in seven months in May as managers were skeptical about the upcoming summer amid the tightening monetary policy and mounting fears of recession in the US, survey data from the ifo Institute showed Wednesday. The business confidence index fell more-than-expected to 91.7 in May from a revised 93.4 in the previous month.
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777 days ago
New Zealand Central Bank Hikes Rate To 14-Year High
The Reserve Bank of New Zealand raised its benchmark rate by a quarter-point and signaled that the rate will remain restrictive for the foreseeable future. The Monetary Policy Committee, led by RBNZ Governor Adrian Orr, decided to lift the Official Cash Rate by 25 basis points to 5.50 percent, its highest since December 2008. This was the twelfth straight hike.
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777 days ago
Bay Street Likely To Open Lower
Canadian shares are likely to open with a negative gap on Wednesday, tracking weak global cues. Higher crude oil and gold prices might help limit market's downside.
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777 days ago
Children's Place Slashes FY23 Outlook As Q1 Results Miss Estimates; Stock Down 16%
Specialty apparel retailer The Children's Place, Inc. (PLCE) reported Wednesday a net loss for the first quarter of $28.83 million or $2.33 per share, compared to net income of $19.83 million or $1.43 per share in the prior-year quarter.
Excluding items, adjusted net loss was $2.00 per share, compared to $1.05 per share last year.
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777 days ago
Sensex, Nifty Snap Three-day Winning Streak
Indian shares ended modestly lower on Wednesday to snap a three-day winning streak.
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777 days ago
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