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UK Manufacturers See Weaker Demand; Output Fall Most Since 2020
UK manufacturers reported a slight fall in orders and their production declined at the fastest pace since late 2020, the Industrial Trends Survey results from the Confederation of British Industry showed on Monday. The order book balance fell slightly to -6 percent in December from -5 percent in November.
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Cardinal Health Appoints Aaron Alt As New CFO
Cardinal Health (CAH) and its board of directors announced Monday that Aaron Alt will become the company's new chief financial officer (CFO). Alt will succeed interim CFO, Trish English and will report to CEO Jason Hollar, as a member of the company's Executive Committee effective February 10.
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German Business Confidence Climbs To Highest In 4 Months On Easing Recession Fears
Germany's business sentiment strengthened to a four-month high in December as the economic downturn is feared to be less severe than previously estimated, results of a closely watched survey by the ifo Institute revealed. The business climate index rose more-than-expected to 88.6 in December from 86.4 in November, data published by the Munich-based ifo Institute showed on Monday.
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Eni, Snam Ink Equal JV To Develop Ravenna Carbon Capture And Storage Project In Italy
Italian energy company Eni SpA and energy infrastructure company Snam SpA have on Monday inked an equal joint venture to jointly develop and manage Phase 1 of the Ravenna Carbon Capture and Storage (CCS) Project in Italy. The agreement also includes the implementation of studies and preparatory activities for the subsequent development phases.
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Sensex Surges 468 Points; Nifty Tops 18,400
Indian shares ended Monday's session firmly in positive territory, snapping a two-day losing streak.
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FDA Approves First Gene Therapy For High-Risk, Non-Muscle-Invasive Bladder Cancer
The U.S. Food and Drug Administration has approved Ferring Pharmaceuticals A/S's Adstiladrin (nadofaragene firadenovec-vncg) to treat high-risk, non-muscle-invasive bladder cancer. Adstiladrin is a non-replicating, i.e., cannot multiply in human cells, adenoviral vector based gene therapy indicated for the treatment of adult patients with high-risk...
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Japanese Yen Hits Multi-day High Against U.S. Dollar Before BoJ Decision
The Japanese yen touched a multi-day high against the U.S. dollar on Monday, on expectations that the Bank of Japan may consider a shift in monetary policy goals amid rising inflation pressures.
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more news
European Shares Gain As German Business Confidence Improves
European stocks rose notably on Monday after last week's brutal selloff following hawkish signals from the Federal Reserve and the European Central Bank.
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FTSE 100 Gains Led By Energy Stocks
U.K. markets advanced on Monday as higher oil prices boosted energy stocks.
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CAC 40 Rises On China Optimism
French stocks rose notably on Monday after China's top leaders said they will focus on boosting the economy next year.
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DAX Inches Higher Ahead Of Business Confidence Data
German stocks rose on Monday after Chinese policymakers pledged to fine-tune COVID controls and boost the country's ailing property market.
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Asian Shares Retreat On Recession Worries
Asian stocks fell broadly on Monday amid lingering worries over a possible recession and uncertainty over China's economic reopening as the country battled a wave of COVID infections.
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European Economics Preview: Germany Ifo Business Confidence Data Due
Business sentiment data from Germany is the top economic news due on Monday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is set to publish Germany's producer price data for November. Producer price inflation is expected to ease to 30.6 percent from 34.5 percent in October.
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