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U.S. Dollar Climbs Amid Fed, China Concerns

U.S. Dollar Climbs Amid Fed, China Concerns

The U.S. dollar firmed against its major counterparts in the European session on Friday, on the prospects of higher interest rates and concerns about China's shadow banking sector.
RTTNews | 646 дней спустя
Bay Street Likely To Open On Negative Note

Bay Street Likely To Open On Negative Note

Lower Canadian and U.S. futures, weak crude oil prices and weakness in European markets point to a negative start for the Canadian market on Friday.
RTTNews | 646 дней спустя
Ford, Partners To Build C$1.2 Bln EV Battery Plant In Quebec

Ford, Partners To Build C$1.2 Bln EV Battery Plant In Quebec

Auto major Ford Co. and its South Korean partners SK On and EcoProBM announced an investment of C$1.2 billion or about $887 million to build a cathode manufacturing facility in Quebec, Canada. Through the cathode joint venture or JV, the three companies are expected to have a stable supply of battery raw materials in North America.
RTTNews | 646 дней спустя
Estee Lauder Guides FY24 Well Above Estimates - Update

Estee Lauder Guides FY24 Well Above Estimates - Update

While reporting financial results for the fourth quarter on Thursday, Estee Lauder Cos., Inc. (EL) initiated its earnings and adjusted earnings guidance for the full-year 2024, well above estimates, and provided outlook for the first quarter, well below estimates.
RTTNews | 646 дней спустя
Pound Falls As U.K. Retail Sales Drop More Than Expected

Pound Falls As U.K. Retail Sales Drop More Than Expected

The pound weakened against its major counterparts in the European session on Friday, as weaker than expected U.K. retail sales data for July reduced possibility of more interest rate hikes from the Bank of England.
RTTNews | 646 дней спустя
Sensex, Nifty Follow Global Peers Lower

Sensex, Nifty Follow Global Peers Lower

Indian shares ended slightly lower on Friday as risk-off sentiment prevailed in global financial markets amid fears of U.S. interest rates remaining higher for longer and concerns about spreading debt defaults in China's property market.
RTTNews | 646 дней спустя
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European Shares Extend Declines For Fourth Day

European Shares Extend Declines For Fourth Day

European stocks were moving lower on Friday, extending losses for a fourth consecutive session on renewed concerns surrounding China's slowing growth and the prospect of further interest rate hikes by the Federal Reserve.
RTTNews | 646 дней спустя
China's Evergrande Files For Bankruptcy Protection In US

China's Evergrande Files For Bankruptcy Protection In US

Amid the deepening real estate crisis in China, embattled property giant China Evergrande Group has filed for Chapter 15 bankruptcy protection in New York. Chapter 15 allows heavily-indebted company like Evergrande to protect its assets in the US amid its restructuring efforts. China's second-largest property developer, with debts estimated to total more than $300 billion, defaulted on its debt r
RTTNews | 646 дней спустя
FTSE 100 Slips On Downbeat Retail Sales Data

FTSE 100 Slips On Downbeat Retail Sales Data

U.K. stocks fell on Friday after data showed U.K. retail sales registered a bigger-than-expected fall in July as a result of poor weather and the rising cost-of-living.
RTTNews | 646 дней спустя
CAC 40 Declines On Interest-rate Fears

CAC 40 Declines On Interest-rate Fears

French stocks traded lower on Friday as bond yields hit a 15-year high on fears that major central banks will keep interest rates higher for longer to tame inflation.
RTTNews | 646 дней спустя
DAX Extends Losses On China Growth Concerns

DAX Extends Losses On China Growth Concerns

German stocks declined on Friday to extend losses from the previous session on China growth concerns and fears of further interest-rate hikes by the U.S. Federal Reserve.
RTTNews | 647 дней спустя

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