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Hershey Reaffirms FY23 Outlook
Ahead of its Investor Day later on Wednesday, The Hershey Co. (HSY) reaffirmed its earnings, adjusted earnings and net sales growth for the full-year 2023.
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Iceland Central Bank Lifts Rate By 100 Bps
Iceland's central bank raised its key interest rate sharply on Wednesday to contain the risk of wage-price spiral in the face of strong demand pressures and the upcoming wage negotiations. The Monetary Policy Committee of the Central Bank of Iceland decided to raise the benchmark interest rate, which is the rate on seven-day term deposits, by 100 basis points to 7.50 percent.
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European Stocks Broadly Higher In Cautious Trade Ahead Of Fed Policy
European stocks are broadly higher around noon on Wednesday, with investors largely making cautious moves as they await the Federal Reserve's policy announcement due later in the day.
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Avadel Pharma Says FDA Approves Pre-Launch Activities Importation Requests For LUMRYZ
Biopharmaceutical company Avadel Pharmaceuticals plc (AVDL) announced Wednesday that the U.S. Food and Drug Administration has approved its Pre-Launch Activities Importation Requests (PLAIR) for LUMRYZ.
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AECOM Inks Multi-year Contract For Project Management Consultancy For NEOM Int'l Airport
Infrastructure consulting firm AECOM (ACM) announced Wednesday that it has been awarded a multi-year contract to provide project management consultancy (PMC) services for NEOM International Airport (NIA), in the northwestern region of Saudi Arabia.
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Inflation Shocker Drags FTSE 100
FTSE 100 of the London Stock Exchange dropped as a negative surprise on the inflation front shocked markets. Fears that the reading would limit the headroom that the Bank of England has on easing the rate hikes dampened sentiment. The BoE's review is due on Thursday.
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CAC-40 Firm Ahead Of Fed Meet
The CAC-40 rose cautiously on Wednesday amidst nervousness ahead of the outcome of the Fed's review. While markets expect a 25-basis point hike, anxiety lingers on the forward guidance.
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Sensex, Nifty End With Modest Gains
The Indian stock market ended modestly higher on Wednesday after staying firm right through the day's session despite paring most of its early gains.
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DAX Rises On Hopes Of A Softer Fed Stance
The DAX benchmark of the Frankfurt bourse moved higher on Wednesday, amidst the positive sentiment generated by the recent assurances of Janet Yellen, the U.S. Treasury Secretary.
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UK Inflation Unexpectedly Accelerates To 10.4%
UK consumer price inflation unexpectedly accelerated in February after slowing for three straight months, adding to the dilemma of the Bank of England policymakers who are set to decide this week whether to raise interest rates this month in the backdrop of the financial market turmoil. Consumer prices increased 10.4 percent annually in February after a 10.1 percent gain in January.
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Hot U.K. Inflation Data Lifts Pound
The pound was higher against its major counterparts in the European session on Wednesday, as the nation's consumer inflation exceeded expectations in February, raising expectations for a quarter-point rate increase by the Bank of England on Thursday.
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FDA Clears Eat Just's Good Meat Cultivated Chicken
The US Food and Drug Administration has cleared cultivated chicken developed by GOOD Meat Inc., the cultivated meat division of alternative foods startup Eat Just Inc. This is FDA's second pre-market consultation for a human food made from cultured animal cells after UPSIDE Foods. GOOD Meat is now required to meet Federal requirements including approvals from the US Department of Agriculture.
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Asian Stocks Buoyed By U.S. Govt Promise On Bank Support
Asian markets gained on Wednesday amidst a global bullish sentiment that followed renewed assurances from the U.S. govt on support amidst the banking crisis. Markets in the meanwhile are expecting the Fed to settle for a 25-basis points rate hike later in the day.
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