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Northrop Grumman Q4 Results Top Estimates; Initiates FY23 Outlook
While reporting financial results for the fourth quarter on Thursday, Northrop Grumman Corp. (NOC) initiated its adjusted earnings and sales guidance for the full year 2023.
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CAC-40 Rises On Corporate Earnings Boost
The CAC-40 rallied much ahead of its regional peers amidst upbeat earnings updates. Hopes of a softer pace of rate hikes by the Fed also helped sentiment.
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McCormick Guides FY23 Adj. EPS Below Estimates - Update
While reporting financial results for the fourth quarter on Thursday, flavor maker McCormick & Co., Inc. (MKC) initiated its earnings, adjusted earnings and sales growth guidance for the full year 2023.
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Ireland Consumer Confidence At 7-Month High On Easing Price Pressures
Irish consumer confidence improved at the start of the year to the highest level in seven months amid a let up in the cost of living crisis due to a drop in inflation after Christmas, survey data from Credit Union and Core Research showed on Thursday.
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Yen Reverses Gains Following BoJ Summary Of Options
The yen dropped against its major counterparts in the European session on Thursday, as the Bank of Japan Summary of Opinions from the January meeting showed that the central bank is determined to maintain its current monetary policy, including the conduct of yield curve control.
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Tractor Supply Guides FY23 EPS In Line With Estimates - Update
While reporting financial results for the fourth quarter on Thursday, rural lifestyle retailer Tractor Supply Co. (TSCO) initiated earnings, net sales and comparable store sales guidance for the full-year 2023.
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Singapore Industrial Output Falls 3.1%
Singapore's industrial production declined for the third straight month in December, largely due to a slump in the bio-medical manufacturing output, data from the Economic Development Board revealed on Thursday.
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more news
SAP Stock Down On Weak Q4 Profit, Sees Growth In FY23; To Cut 2.5% Jobs; Mulls Qualtrics Stake Sale
Shares of SAP AG were losing more than 3 percent in the morning trading in Germany as well as in pre-market activity on the NYSE after the German software major reported Thursday sharply lower profit in its fourth quarter, despite higher revenues. Looking ahead for fiscal 2023, the company projects accelerating topline and double-digit adjusted operating profit growth.
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Positive Earnings Updates Lift DAX
Positive earnings updates from the region helped restore sentiment pushing the DAX higher in Thursday's trade.
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UK Car Production Falls Most In Over 6 Decades Despite Record EV Output
UK car production declined at the fastest pace in 66 years during the year 2022, as global chip shortages and structural changes hampered output coupled with weaker exports, while electrical vehicle production reached a record level, data from the Society of Motor Manufacturers and Traders, or SMMT, showed on Thursday.
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Asian Stocks Rally, Hang Seng Surges More Than 2 Percent
Asian markets gained amidst optimism over demand boost from China's reopening and expectations that the Federal Reserve would pursue a softer monetary policy regime.
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Turkish Central Bank Unveils 2% Support For Firms Converting Forex From Abroad Into Liras
Turkey's central bank said on Thursday that it will provide an incentive for the conversion of firms' foreign exchange obtained from abroad into Turkish liras to support the "liraization" in commercial activities.
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Meta To Reinstate Donald Trump's Facebook, Instagram Accounts
Meta Platforms announced its plans to end suspension of the former U.S. President Donald Trump's Facebook and Instagram accounts in the coming weeks. Further, the company has put new guardrails in place to deter repeat offenses, Global Affairs President Nick Clegg said in a statement. The decision comes after two years of banning him on the social media platforms following his praise for people...
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