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UK Inflation Softens To 2-Year Low On Energy, Food Prices
Faster-than-expected slowdown took British inflation to the lowest level in two years, soothing fears of further interest rate hikes by the Bank of England and Prime Minister Rishi Sunak claimed that he has delivered on his pledge of halving price growth ahead of election next year. Consumer price inflation eased to 4.6 percent in October from 6.7 percent in the previous month.
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641天前
Bay Street Looks Set To Open On Firm Note
Canadian shares are likely to open on a firm note on Wednesday, tracking positive global cues thanks to tamer-than-expected consumer price inflation data from the U.S. easing concerns about Fed interest rates.
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641天前
TJX Companies Boosts FY24 Outlook - Update
While reporting financial results for the third quarter on Wednesday, off-price retailer TJX Companies, Inc. (TJX) trimmed its earnings outlook for the fourth quarters, while raising its earnings guidance for the full-year 2024.
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641天前
Centene Appoints Susan Smith As COO
Healthcare company Centene Corp. (CNC) announced Wednesday the appointment of Susan Smith as its Chief Operating Officer (COO), effective January 1, 2024. She has worked at Centene since June 2023.
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641天前
Goodyear Tire & Rubber Chairman, President And CEO Richard Kramer To Retire In 2024
The Goodyear Tire & Rubber Co. (GT) announced Wednesday that Richard Kramer has informed the Board of his plans to retire as Chairman, CEO and President of the Company in 2024. He became CEO in 2010 and was elected Chairman by Goodyear's Board of Directors later the same year.
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641天前
Target Guides Q4 Adj. EPS In Line With Estimates - Update
While reporting financial results for the third quarter on Wednesday, discount retailer Target Corp. (TGT) maintained provided earnings, adjusted earnings and comparable sales guidance for the fourth quarter.
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641天前
CORRECTION: Pound Drops As U.K. Inflation Eases To 2-year Low
Corrects Headline and Introduction
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641天前
more news
Pound Strengthens As U.K. Inflation Eases To 2-year Low
The pound advanced against its most major counterparts in the European session on Wednesday, as cooler-than-expected inflation data cemented expectations that the Bank of England is likely to cut interest rate by mid-2024.
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641天前
Ethiopian Airlines Inks MoU For 11 Additional Airbus A350-900s
Ethiopian's flagship carrier Ethiopian Airlines Group announced Wednesday it has signed a memorandum of understanding (MoU) for 11 additional Airbus A350-900s to be added to its existing fleet.
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641天前
Alstom Posts H1 Profit, Orders Dip; To Cut 1,500 Jobs, Sell Assets; Stock Down
Shares of Alstom SA were losing more than 19 percent in the morning trading in Paris after the French rolling stock maker reported Wednesday negative cash flow and weak orders in its first half, despite reporting a small profit, compared to prior year's loss. The company announced around 1,500 job cuts, scrapped dividend and plans to sell certain assets, with a view to cut short its debt burden.
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641天前
Sensex, Nifty Rally As US Rate Worries Fade
Indian shares rallied on Wednesday, drawing support from strong global cues, a weaker dollar and a decline in U.S. Treasury yields.
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641天前
China Adds Stimulus As Economic Recovery Picks Up
China's central bank boosted liquidity in the financial system ahead of the release of official data that showed a faster-than-expected acceleration in industrial production and retail sales growth, which waned the possibility of the economy facing a substantial slowdown, although the real estate market continues to pose risks along with unfavorable external conditions.
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641天前
European Shares Extend Gains As Inflation Worries Fade
European stocks edged higher on Wednesday as softer inflation data eased worries about the Fed's rate trajectory and China reported strong industrial output and retail sales data for October.
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641天前
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