Forex News

UK Retail Sales Fall Unexpectedly In October

UK Retail Sales Fall Unexpectedly In October

UK retail sales declined unexpectedly in October as high interest rates hurt spending ahead of the festive season, official data revealed on Friday. Retail sales logged a 0.3 percent monthly drop but slower than the September's revised 1.1 percent decrease, the Office for National Statistics said. However, the fall confounded forecast of 0.3 percent gain.
RTTNews | 644 days ago
FTSE 100 Rallies On Dovish Fed Bets

FTSE 100 Rallies On Dovish Fed Bets

U.K. stocks traded higher on Friday amid expectations that the Federal Reserve may announce two rate cuts next year to support growth.
RTTNews | 644 days ago
Pound Falls On Downbeat U.K. Retail Sales Data

Pound Falls On Downbeat U.K. Retail Sales Data

The British pound weakened against other major currencies the pre-European session on Friday, after data showed that U.K. retail sales declined unexpectedly in October as rising interest rate bite spending ahead of the festive season.
RTTNews | 644 days ago
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Malaysia Growth Accelerates On Spending, Investment

Malaysia Growth Accelerates On Spending, Investment

Malaysia's economic growth gained speed and exceeded expectations in the third quarter with strong upward contributions from domestic consumption and investment, while exports acted as a drag. Gross domestic product expanded 3.3 percent after rising 2.9 percent in the second quarter, the Bank Negara Malaysia reported Friday. GDP was forecast to climb 3.0 percent.
RTTNews | 644 days ago
IBM Suspends Ads On X Over Antisemitic Posts

IBM Suspends Ads On X Over Antisemitic Posts

IBM has pulled advertisements from X, formerly called Twitter after its ads were placed next to antisemitic content on the social media platform, reports said. The move comes after X owner Elon Musk supported an antisemitic post on the platform and issued statements. While talking about the decision, an IBM spokesperson stated that the company has zero tolerance for hate speech and discrimination.
RTTNews | 644 days ago
Asian Shares Decline On Soft US Data

Asian Shares Decline On Soft US Data

Asian stocks declined on Friday as softer U.S. data and declining oil prices stoked concerns about the global economic outlook.
RTTNews | 644 days ago
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the pre-European session on Friday.
RTTNews | 644 days ago

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