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U.S. Dollar Nosedives On Slowing Inflation
The U.S. dollar lost ground against its major counterparts in the New York session on Tuesday, as the nation's inflation eased more than expected in October, cementing expectations that the Federal Reserve will keep interest rate unchanged in coming months.
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German ZEW Investor Confidence Rises More Than Expected
Germany's investor sentiment rose more than expected in November and moved into the positive territory for the first time in seven months amid an improvement in economic expectations, survey results from the think tank ZEW showed Tuesday. The economic sentiment index rose for the fourth month in a row to 9.8 points from -1.1 in October. Economists had forecast a score of 5.0 points.
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U.S. Consumer Prices Unchanged In October, Annual Growth Slows
The Labor Department released a report on Tuesday showing U.S. consumer prices came in unchanged in the month of October. The Labor Department said its consumer price index was unchanged in October after climbing by 0.4 percent in September. Economists had expected consumer prices to inch up by 0.1 percent.
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MUFG Inks Multiyear Global Agreement With AWS To Accelerate Digital Transformation
Amazon Web Services or AWS, an Amazon.com company (AMZN), announced Tuesday that Japanese financial services provider Mitsubishi UFJ Financial Group or MUFG (MTU) is accelerating its cloud-first strategy with AWS as its preferred cloud provider.
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U.S. Consumer Prices Unexpectedly Unchanged In October
With a sharp pullback in gasoline prices offsetting a continued increase in shelter prices, the Labor Department released a report on Tuesday showing U.S. consumer prices came in unchanged in the month of October.
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SNB Will Not Hesitate To Tighten Policy Further, Jordan Says
The Swiss National Bank will review whether the policy measures take thus far were enough to keep inflation within the target range on a sustainable basis and stands ready to tighten policy further if needed, SNB Chairman Thomas Jordan said Tuesday. "However, we emphasized that price stability may not yet be ensured," Jordan said in a speech.
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ExxonMobil Begins Production At Third Offshore Oil Development Guyana Project
Oil major Exxon Mobil Corp. (XOM) announced Tuesday it started production at Payara, Guyana's third offshore oil development on the Stabroek Block, bringing total production capacity in Guyana to approximately 620,000 barrels per day.
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more news
Bay Street Likely To See Cautious Start
U.S. consumer price inflation data, due before the opening bell on Tuesday, is expected to significantly impact early moves on Bay Street.
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CRH, Volvo Group Ink Deal To Accelerate Decarbonization
Building materials provider CRH plc (CRH) and Volvo Group (VOLVY.PK) on Tuesday signed a Memorandum of Understanding (MoU) to accelerate net-zero innovations in the design and deployment of on-road vehicles and off-road equipment used in construction.
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UCB Announces U.S. Availability Of BIMZELX To Treat Adults With Moderate-to-Severe Plaque Psoriasis
Biopharmaceutical company UCB (UCB) announced Tuesday the commercial availability of BIMZELX in the United States for the treatment of moderate-to-severe plaque psoriasis in adults who are candidates for systemic therapy or phototherapy.
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Aramark Q4 Adj. EPS Meets Estimates; Boosts Dividend 15%
Aramark (ARMK) reported Tuesday that net income for the fourth quarter soared to $205.43 million or $0.78 per share from $75.80 million or $0.29 per share in the prior-year quarter.
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Pound Climbs Amid Strong U.K. Average Earnings Data
The pound firmed against its major counterparts in the European session on Tuesday, as the nation's wage growth remained strong in the three months to September, pointing to a tight labor market.
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Eurozone Economy Flirts With Recession
Euro area is on the brink of recession as the economy of the single currency bloc failed to grow in three out of the last four quarters, latest data from the statistical office Eurostat showed Tuesday. Confirming the previous estimate, gross domestic product shrunk 0.1 percent quarterly, reversing the 0.2 percent expansion in the second quarter.
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