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Eurozone Economy Avoids Contraction In Q4
Euro area narrowly escaped a shrinkage in the fourth quarter, but the growth remained modest on weaker consumer spending amid high inflation. Gross domestic product grew 0.1 percent sequentially after rising 0.3 percent in the third quarter, preliminary flash estimates from Eurostat showed on Tuesday. Economists had forecast the single currency bloc to shrink 0.1 percent.
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835天前
MSCI Q4 Profit Up 11%, Tops Estimates; Boosts Dividend 10.4%
MSCI, Inc. (MSCI) reported Tuesday that fourth-quarter net income grew to $214.97 million or $2.67 per share from $193.86 million or $2.32 per share in the prior-year quarter.
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835天前
Italy's First GDP Contraction In Nearly 2 Years Sparks Recession Worries
Italian economy shrank marginally in the fourth quarter of 2022 after expanding in the previous seven quarters, led by weaker domestic demand and lackluster industrial and farm sector performance, preliminary data from the statistical office ISTAT showed on Tuesday, triggering fears of a mild recession. Gross domestic product shrank 0.3 percent sequentially in the December quarter.
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835天前
UK Mortgage Approvals At 31-Month Low
UK mortgage approvals declined to the lowest level in more than two years in December as the cost of living crisis and the rising interest rate took its toll on the property market. The number of mortgages approved for house purchases fell to 35,600 in December from 46,200 in November, data from the Bank of England revealed Tuesday.
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835天前
German Unemployment Steady At 5.5%
Germany's unemployment rate remained unchanged at a low level at the start of the year despite the economy showing signs of a recession, official data revealed on Tuesday. The unemployment rate held steady at 5.5 percent in January, the Federal Labor Agency reported. The rate also matched economists' expectations.
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835天前
Exxon Mobil Q4 Results Top Estimates
Oil major Exxon Mobil Corp. (XOM) reported Tuesday that fourth-quarter net income was $12.75 billion or $3.09 per share, up from $8.87 million or $2.08 per share in the prior-year quarter.
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835天前
Polaris Industries Q4 Profit Soars, Tops Estimates; Initiates FY23 Outlook
While reporting financial results for the fourth quarter and fiscal 2022 on Tuesday, automotive manufacturer Polaris Industries Inc. (PII) initiated adjusted earnings and sales growth guidance for the full-year 2023.
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835天前
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France Inflation Accelerates To 6.0%
Inflationary pressures in the French economy continued unabated at the start of the year as consumer price inflation and the EU harmonized rate accelerated in January and producer price growth remained strong, even as the economy narrowly escaped a recession in the fourth quarter, thus validating the tightening stance of the European Central Bank that is set to hike rates further this week.
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836天前
Daiso Recalls Matsunaga Mini Shiruko Sand Biscuits
La Mirada, California-based Daiso California LLC is recalling certain Matsunaga Mini Shiruko Sand Biscuits citing undeclared soy, an allergen, the U.S. Food and Drug Administration said. The recall incolves Matsunaga Mini Shiruko Sand Biscuits with sku 4902773016966, packaged in four pink and cream bags chained together. Each individual serving is 25g for an entire product weight of 100g.
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836天前
UBS Q4 Profit Climbs, Lifts Dividend, Plans $5 Bln Buyback; Stock Down
Swiss banking giant UBS Group AG reported Tuesday a higher profit in its fourth quarter with drop in operating expenses, while revenues were weak. Further, the company lifted its dividend, and said it plans more than $5 billion share repurchase. UBS shares were losing around 3 percent in Swiss trading as well as in pre-market activity on the NYSE.
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836天前
Sensex, Nifty Recover After Early Slide
Indian shares recovered from an early slide to end on a positive note Tuesday, as oil extended losses on demand concerns and the International Monetary Fund sounded bullish on India's growth prospects, saying that the country is a bright spot in an otherwise gloomy global backdrop.
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836天前
Australian Dollar Declines As European Shares Drop Ahead Of Fed Meeting
The Australian dollar fell against its major counterparts on Tuesday, as investors became cautious ahead of key central bank meetings, including the Federal Reserve.
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836天前
Czech Economy Enters Recession In Q4 With 0.3% Contraction
The Czech Republic's economic output contracted for the second straight quarter in the three months ended December, largely due to lower household consumption, thus entering a technical recession, preliminary estimates from the statistical office showed on Tuesday. Gross domestic product decreased 0.3 percent sequentially in the fourth quarter, following a 0.2 percent fall in the third quarter.
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836天前
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