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Euro Climbs As ECB Raises Key Rates, Signals More Hikes

Euro Climbs As ECB Raises Key Rates, Signals More Hikes

The euro strengthened against its major rivals in the European session on Thursday, as the European Central Bank lifted its key interest rates by 50 basis points and signalled further tightening on account of an upward revision to the inflation outlook.
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U.S. Industrial Production Unexpectedly Dips 0.2% In November

U.S. Industrial Production Unexpectedly Dips 0.2% In November

A report released by the Federal Reserve on Thursday unexpectedly showed a modest decrease in U.S. industrial production in the month of November. The Fed said industrial production slipped by 0.2 percent in November after edging down by 0.1 percent in October. Economists had expected industrial production to inch up by 0.1 percent.
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Bank Of England Softens Policy Tightening; Signals Additional Hike Ahead

Bank Of England Softens Policy Tightening; Signals Additional Hike Ahead

The Bank of England lifted its benchmark rate for the ninth straight session on Thursday, but moderated the pace of tightening from the previous session's 75 basis point hike, as widely anticipated, echoing the US Federal Reserve's move a day earlier. In a three-way split, the Monetary Policy Committee of the BoE raised the bank rate by 50 basis points to 3.50 percent.
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Philly Fed Index Remains Negative For Fourth Straight Month In December

Philly Fed Index Remains Negative For Fourth Straight Month In December

Philadelphia-area manufacturing activity contracted at a slower rate in the month of December, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current activity rose to a negative 13.8 in December from a negative 19.4 in November, although a negative reading still indicates a contraction.
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New York Manufacturing Index Indicates Downturn In December

New York Manufacturing Index Indicates Downturn In December

The Federal Reserve Bank of New York released a report on Thursday showing a downturn in regional manufacturing activity in the month of December. The New York Fed said its general business conditions index tumbled to a negative 11.2 in December from a positive 4.5 in November, with a negative reading indicating a contraction.
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Patterson Cos. Confirms Kevin Barry As CFO; Promotes Kevin Pohlman To COO

Patterson Cos. Confirms Kevin Barry As CFO; Promotes Kevin Pohlman To COO

Patterson Companies, Inc. (PDCO) announced Thursday enhancements to its executive leadership team to further support the execution of its strategy. Kevin Barry, most recently the Company's Interim Chief Financial Officer, has been named Chief Financial Officer, and Kevin Pohlman, most recently President of Patterson Animal Health, has been named Chief Operating Officer.
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U.S. Weekly Jobless Claims Unexpectedly Dip To 211,000

U.S. Weekly Jobless Claims Unexpectedly Dip To 211,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended December 10th. The Labor Department said initial jobless claims slipped to 211,000, a decrease of 20,000 from the previous week's revised level of 231,000.
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McDonald's Inks Virtual Power Purchase Agreements For 189 MW From Enel's Blue Jay Solar

McDonald's Inks Virtual Power Purchase Agreements For 189 MW From Enel's Blue Jay Solar

McDonald's Corp. (MCD) and all five members of the restaurant chain's North American Logistics Council (NALC) - Armada, Earp Distribution, Martin Brower, Mile Hi Foods and The Anderson-DuBose Company - announced Thursday they have signed agreements with Enel North America to purchase renewable energy and the associated renewable energy certificates (RECs) from Enel Green Power's Blue Jay solar project in Grimes County, Texas.
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ECB Slows Rate Hikes, Signals More Tightening Amid Eurozone Recession

ECB Slows Rate Hikes, Signals More Tightening Amid Eurozone Recession

The European Central Bank slowed the pace of its interest rate hikes, as expected, but said there is a need for significant tightening in future as it markedly lifted the euro area inflation forecast and projected a recession for the single currency bloc during the first half of next year. The central bank also revealed its initial plans to trim its portfolio.
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