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Dollar Recovers After U.S. Personal Income And Spending Data
U.S. personal income and spending data and durable goods orders for November have been released 8:30 am ET Friday. After these data, the greenback rebounded against its major rivals.
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604天前
Decline In UK GDP Signals Recession
The UK economic output contracted in the third quarter indicating that the economy is moving into a mild recession towards the end of the year. Gross domestic product shrank 0.1 percent sequentially in the third quarter, which was revised down from the flat growth estimated initially, the Office for National Statistics reported Friday.
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604天前
Dollar Mixed Ahead Of U.S. Personal Income And Spending Data
U.S. personal income and spending data and durable goods orders for November are due at 8:30 am ET Friday. Ahead of these data, the greenback traded mixed against its major rivals. While it fell against the euro and the yen, it held steady against the pound and the franc.
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604天前
Cummins Reaches Settlement Regarding Its Emissions Certification And Compliance Process
Cummins, Inc (CMI) on Friday reached a settlement in principle to resolve U.S. regulatory claims regarding its emissions certification and compliance process for certain engines primarily used in pick-up truck applications. The settlements are subject to final regulatory and judicial approvals.
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604天前
Bristol Myers Squibb To Acquire Karuna Therapeutics For $330/share Cash
Bristol-Myers Squibb Co. (BMY) and biopharmaceutical company Karuna Therapeutics, Inc. (KRTX) announced Friday that they have entered into a definitive merger agreement under which Bristol Myers Squibb has agreed to acquire Karuna for $330.00 per share in cash, for a total equity value of $14.0 billion, or $12.7 billion net of estimated cash acquired.
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604天前
Theseus Pharma To Acquire Concentra Biosciences For $4.05/Shr In Cash
Biopharmaceutical company Theseus Pharmaceuticals, Inc. (THRX) announced Friday it has entered into a definitive merger agreement whereby Concentra Biosciences, LLC will acquire Theseus for a price per share of Theseus common stock of between $3.90 and $4.05 in cash.
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604天前
Sensex, Nifty End Modestly Higher Ahead Of Christmas Break
Indian shares eked out modest gains on Friday amid bets for an early rate cut by the U.S. Federal Reserve.
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604天前
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European Shares Muted Ahead Of US Inflation Data
European stocks edged lower on Friday as investors monitored developments around the Red Sea and awaited the release of U.S. core personal consumption price index - the Fed's preferred inflation metric- later in the day for directional cues.
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604天前
Asian Shares End On Muted Note Ahead Of US Inflation Data
Asian stocks ended on a muted note Friday as investors awaited the release of Fed's preferred inflation gauge later in the day that could offer signal into when U.S. rate cuts can be expected in 2024.
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604天前
Pound Rises On Strong UK Retail Sales Data
The British pound strengthened against other major currencies in the pre-European session on Friday, after data showed that the nation's retail sales rose more-than-expected in November.
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604天前
UK Car Production Logs Best November Since 2020 - SMMT
UK car manufacturing grew in double-digits in November to record the best outcome for the month in three years as supply chain constraints eased, survey data from the Society of Motor Manufacturers and Traders, or SMMT, showed Friday. Car production grew 14.8 percent year-on-year after a 31.6 percent increase in October.
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604天前
Pound Rises Against Majors
The British pound strengthened against other major currencies in the pre-European session on Friday.
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604天前
European Economic News Preview: UK GDP Data Due
Quarterly national accounts, retail sales and current account figures are due from the UK, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is scheduled to issue UK GDP, retail sales and balance of payment data. The economy is forecast to remain flat sequentially in the third quarter after rising 0.2 percent in the second quarter.
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604天前
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