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UK Economy Shrinks In July

The UK economy contracted in June on weaker out-turns in the services and industrial sectors, suggesting that the region is heading for a mild recession in the second half of the year. Real gross domestic product fell 0.5 percent in July, offsetting June's 0.5 percent increase, the Office for National Statistics reported Wednesday.
RTTNews | Pred 638 dňami
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the early European session on Wednesday.
RTTNews | Pred 638 dňami
Antipodean Currencies Fall As Asian Shares Traded Lower

Antipodean Currencies Fall As Asian Shares Traded Lower

Antipodean currencies such as the Australia and the New Zealand dollar weakened against its major counterparts in the Asian session on Wednesday, as traders remained cautious ahead of the release of a key U.S. inflation data later in the day that could influence the outlook for interest rates. Inflation fears due to the continued spike in crude oil prices also weighed on sentiment.
RTTNews | Pred 638 dňami
Verizon To Offer All New Apple IPhone 15, Watch Lineup

Verizon To Offer All New Apple IPhone 15, Watch Lineup

Telecom major Verizon Communications Inc. said it will offer Apple Inc.'s all new lineup of iPhone 15 and iPhone 15 Plus, as well as Apple Watch Series 9 and Apple Watch Ultra 2. Verizon will also offer iPhone 15 Pro and iPhone 15 Pro Max, Apple's lightest Pro models ever. The new Apple Watch lineup also includes the second generation of Apple Watch SE, and AirPods Pro.
RTTNews | Pred 638 dňami
Yen Slides Against Majors

Yen Slides Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
RTTNews | Pred 638 dňami
European Shares To See Cautious Start As US Inflation Data Looms

European Shares To See Cautious Start As US Inflation Data Looms

European stocks are seen opening on a subdued note Wednesday as investors await U.S. consumer price inflation data later in the day that might show that price pressures accelerated in August from the prior month due to rising fuel prices and strong consumer spending.
RTTNews | Pred 638 dňami
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European Economic News Preview: UK GDP Data Due

European Economic News Preview: UK GDP Data Due

Monthly GDP, industrial output and foreign trade data from the UK and industrial production from the euro area are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial output and foreign trade figures. The economy is forecast to shrink 0.2 percent on month, in contrast to the 0.5 percent rise in June
RTTNews | Pred 638 dňami
FDA Warns CVS Health, Walgreens Against Unapproved Eye Products

FDA Warns CVS Health, Walgreens Against Unapproved Eye Products

The U.S. Food and Drug Administration has warned eight companies including CVS Health and Walgreens Boots Alliance, Inc. against manufacturing or marketing unapproved ophthalmic drug products in violation of federal law. The agency has issued warning letters to these companies as part of its ongoing effort to protect Americans from potentially harmful ophthalmic products.
RTTNews | Pred 638 dňami
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight, as traders remained cautious ahead of the release of a key US inflation data later in the day that could influence the outlook for interest rates. Inflation fears due to the continued spike in crude oil prices also weighed on sentiment. Asian markets closed mixed on Tuesday.
RTTNews | Pred 639 dňami

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