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Forex News
Improvement In Eurozone Economic Confidence Halts
After rising for three straight months, Eurozone economic sentiment fell marginally as the weakness in industry and services were partially offset by the increasing confidence in retail and among consumers, survey results from the European Commission showed on Monday. The economic confidence index unexpectedly dropped to 99.7 from 99.8 in January. The reading was forecast to improve to 101.
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864 days ago
Harsco Q4 Results Top Estimates; Guides Q1, FY23 Below Estimates
Harsco Corp. (HSC) reported on Monday a fourth-quarter net loss from continuing operations attributable to common stockholders of $23.75 million or $0.30 per share, compared to net income of $10.12 million or $0.13 per share in the prior-year quarter.
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864 days ago
Eurozone Bank Lending Growth Weakens Further
Growth in the euro area bank lending continued to weaken and the narrow measure of money supply contracted for the first time in on record, reflecting the impact of monetary policy tightening. The annual growth rate of credit to the private sector slowed to 3.8 percent from 4.3 percent in December, the European Central Bank reported Monday.
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864 days ago
AES Q4 Loss Widens; Revenues Top Estimates
Power distribution company The AES Corp. (AES) reported on Monday a wider loss for the fourth quarter, hurt by goodwill impairment expense and other non-operating expenses. Adjusted loss per share came in well above analysts' estimates, while quarterly revenues topped it. The company also initiated adjusted earnings guidance for the full-year 2023, in line with estimates.
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864 days ago
Sensex, Nifty Extend Losses For Seventh Day On Fed Worries
Indian shares ended lower for a seventh consecutive session on Monday, despite managing to cut some early losses on the back for firm cues from European markets.
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864 days ago
German Companies Report Least Material Shortages Since April 2021
Material shortages faced by Germany's manufacturers continued to ease in February to its lowest level since early 2021, survey data from the ifo institute showed Monday. In February, 45.4 percent of the companies surveyed reported problems with securing materials, which was the lowest level since April 2021. In January, the figure was 48.4 percent.
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864 days ago
Cisco's Webex To Transform Mercedes-Benz E Class Cars Into Home Office
Cisco Systems, Inc. is teaming with German auto major Mercedes-Benz to provide an optimal mobile office experience in its new E Class vehicles. Cisco said its partnership with Mercedes-Benz, which was announced at Mobile World Congress, will transform the car into a home office at the present era of hybrid work and connected vehicles.
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864 days ago
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Australian, NZ Dollars Fall On Fed Concerns
The Australian and NZ dollars declined against their major counterparts in the Asian session on Monday, as strong U.S. personal consumption expenditures data stoked fears of higher rates from the Federal Reserve.
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864 days ago
European Shares Gain Ahead Of Consumer Confidence Data
European stocks opened on a strong note Monday, after having suffered their worst weekly performance this year last week on concerns the Federal Reserve will keep raising rates to tame inflation.
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864 days ago
FTSE 100 Gains On Earnings
U.K. stocks opened higher on Monday, as upbeat earnings updates from the likes of Associated British Foods and Bunzl helped offset worries of further rate hikes by the U.S. Federal Reserve.
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864 days ago
CAC 40 Rebounds Ahead Of Consumer Confidence Data
French stocks bounced back on Monday after seeing heavy losses in the previous session on worries about inflation and the impact of higher interest rates on global growth.
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864 days ago
DAX Gains After Friday's Selloff
German stocks traded higher on Monday after suffering heavy losses in the previous session on concerns the Federal Reserve will keep raising rates to tame inflation.
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864 days ago
Asian Shares Retreat On Fed Worries
Asian stocks declined on Monday as hot inflation data from the United States stoked concerns the Federal Reserve may prolong its rate tightening cycle.
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864 days ago
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