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Forex News
U.S. Producer Prices Drop More Than Expected In December
Partly reflecting a steep drop in energy prices, the Labor Department released a report on Wednesday showing U.S. producer prices fell by more than expected in the month of December.
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903 days ago
U.S. Dollar Drops As Treasury Yields Fall
The U.S. dollar dropped against its major counterparts in the European session on Wednesday, amid falling treasury yields and expectations for a slower pace of rate hikes by the Federal Reserve.
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903 days ago
Prologis Guides FY23 EPS In Line With Estimates - Update
While reporting its financial results for the fourth quarter on Wednesday, logistics real estate firm Prologis Inc. (PLD) initiated its net earnings and core funds from operations outlook for the full-year 2023.
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903 days ago
Bay Street Seen Opening On Positive Note
Canadian shares are likely to open on a positive note on Wednesday, tracking higher crude oil and bullion prices, and on hopes the Canadian central bank will be less aggressive with its policy stance following a drop in consumer price inflation.
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903 days ago
Eurozone Core Inflation Rises In December
Raising scope for another aggressive rate hike in February, Eurozone core inflation accelerated in December, as estimated, while overall inflation slowed to a four-month low on energy prices, final data from Eurostat revealed Wednesday.
Core inflation that excludes energy, food, alcohol and tobacco, advanced to 5.2 percent from 5.0 percent in November.
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903 days ago
Public Service Enterprise Group To Sell 25% Stake In Ocean Wind 1 To Orsted
Public Service Enterprise Group, Inc. or PSEG (PEG) on Wednesday agreed to sell its 25% equity stake in the Ocean Wind 1 offshore wind energy project to wind energy company Orsted, providing Orsted with 100% ownership of the project.
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904 days ago
NAMUH, Ginkgo Bioworks Ink Partnership To Develop Functional Oligosaccharides
Infant nutrition company NAMUH and Ginkgo Bioworks Holdings, Inc. (DNA) announced Wednesday a multi-product collaboration to develop functional oligosaccharides that are structurally identical to those found in human breast milk.
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904 days ago
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Taiwan Economy Shrinks 0.9% On Weaker Exports, Worst Contraction In 13 Years
Taiwanese economy contracted the most in thirteen years as export demand was impacted by the Covid pandemic related woes in China, advance estimates by the Directorate General of Budget, Accounting & Statistics, or DGBAS, revealed on Wednesday.Gross domestic product, or GDP, fell 0.86 percent year-on-year in the December quarter, reversing a 4.01 percent increase in the September quarter.
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904 days ago
Sensex, Nifty Extend Gains For Second Day
Indian shares rose for a second day running on Wednesday and Indian bond yields eased marginally following dovish signals from the Bank of Japan.
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904 days ago
UK Inflation At 3-Month Low
UK consumer prices grew at the slowest pace in three months in December, largely due to the slowdown in motor fuel inflation, which in turn reduced the squeeze on household spending. Consumer price inflation slowed for the second straight month in December, to 10.5 percent, as expected, from 10.7 percent in November, figures from the Office for National Statistics revealed Wednesday.
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904 days ago
Microsoft Reportedly To Cut Thousands Of Jobs
Tech major Microsoft Corp. plans to cut thousands of jobs in various divisions, mainly in human resources and engineering divisions amid slowing demand and weakening economic outlook worldwide, reports said. Citing sources, British broadcaster Sky News reported that the firm is finalising plans to cut about 5 percent of its more than 220,000 workforce, which would equate to about 11,000 roles.
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904 days ago
European Shares Struggle For Direction After Recent Gains
European stocks were little changed in cautious trade Wednesday after five consecutive sessions of gains.
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904 days ago
FTSE 100 Holds Steady As Inflation Falls Again
U.K. stocks were marginally higher on Wednesday after data showed consumer prices in the country rose at the slowest pace in three months in December, largely driven by the easing of motor fuel inflation.
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904 days ago
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