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Forex News
U.S. Consumer Sentiment Deteriorates More Than Previously Estimated In March
Revised data released by the University of Michigan on Friday showed U.S. consumer sentiment deteriorated by more than previously estimated in the month of March. The report said the consumer sentiment index for March was downwardly revised to 62.0 from the preliminary estimate of 63.4. Economists had expected the index to be downwardly revised to 63.2.
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834 days ago
U.S. Core Consumer Price Growth Unexpectedly Slows To 4.6% In February
Core consumer price growth in the U.S. unexpectedly slowed in the month of February, according to a report released by the Commerce Department on Friday. The report said core consumer prices, which exclude food and energy prices, jumped 4.6 percent year-over-year in February.
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834 days ago
German Unemployment Unexpectedly Rises; Retail Sales Fall
Germany's unemployment unexpectedly increased in March and retail sales logged a surprise fall, adding evidence to the view that the biggest euro area economy landed in a technical recession in the first quarter. The Federal Employment Agency reported Friday that the jobless rate rose to 5.6 percent in March. The rate was forecast to remain unchanged at 5.5 percent.
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834 days ago
Novartis Gets Positive CHMP Opinion For Entresto For Pediatric Heart Failure
Novartis AG (NVS) announced Friday that the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) has adopted a positive opinion recommending approval of Entresto (sacubitril/valsartan) for a new indication to treat symptomatic chronic heart failure with left ventricular systolic dysfunction in pediatric patients aged from 1 to <18 years.
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834 days ago
China Natural Resources' Board Approves 5-to-1 Share Combination
China Natural Resources, Inc. (CHNR) announced Friday that the board of directors of the Company has approved a five-to-one share combination of issued and outstanding common shares, without par value, of the Company.
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834 days ago
U.S. Core Consumer Price Growth Unexpectedly Slows In February
Core consumer price growth in the U.S. unexpectedly slowed in the month of February, according to a report released by the Commerce Department on Friday. The report said core consumer prices, which exclude food and energy prices, jumped 4.6 percent year-over-year in February.
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834 days ago
Eurozone Inflation Falls To 13-Month Low On Energy Prices
Eurozone inflation eased more than expected to the lowest level in more than a year in March driven by the fall in energy prices but the core figure edged up to a new record to keep the pressure on the European Central Bank to tighten its policy further. Consumer prices advanced 6.9 percent on a yearly basis in March, slower than the 8.5 percent rise in February, flash estimate published by Eur
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834 days ago
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Bay Street Seen Opening Slightly Higher
Canadian shares are likely to open higher Friday morning, tracking gains in European markets after data showed a drop in Eurozone inflation, and encouraging data from China.
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834 days ago
U.S. Dollar Climbs Ahead Of PCE Inflation Data
The U.S. dollar was higher against its major counterparts in the European session on Friday, as investors awaited the release of key U.S. inflation data later in the day that could influence the Fed's monetary policy path.
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834 days ago
Ford Raises Price Of F-150 Lightning Electric Pickup Again
Ford Motor Co. has once again raised the price of its popular F-150 Lightning electric pickup truck after the automaker resumed its production that was halted following electric vehicle battery fire incident. The company will also resume shipments of the Lightning this week, reports said.
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834 days ago
Distribution Solutions To Acquire His Co. For Up To $319 Mln
Specialty distribution company Distribution Solutions Group, Inc. (DSGR) announced Friday that it reached a definitive agreement to acquire HIS Co., Inc., a leading distributor of specialty products serving high growth industrial technology applications.
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834 days ago
Sensex Nifty Rally As Bank Worries Ease
Indian shares posted strong gains on Friday, the last day of fiscal 2022-23, as traders returned to their desks after a holiday the previous day for Sri Ram Navami.
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834 days ago
UK House Prices Fall Most Since 2009
UK house prices declined at the fastest pace since mid-2009 amid rising interest rates and high inflation dampening housing affordability, the Nationwide Building Society reported Friday. The annual fall in house prices deepened to 3.1 percent in March from 1.1 percent in February. This was the biggest annual decline since July 2009. Prices were forecast to drop 2.2 percent.
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834 days ago
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