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U.S. Jobless Claims Rise More Than Expected To Three-Month High
The Labor Department released a report on Wednesday showing first-time claims for U.S. unemployment benefits increased by more than expected in the week ended November 19th. The report said initial jobless claims rose to 240,000, an increase of 17,000 from the previous week's revised level of 223,000.
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U.S. Durable Goods Orders Jump 1.0% In October, Much More Than Expected
New orders for U.S. manufactured durable goods jumped by much more than expected in the month of October, according to a report released by the Commerce Department on Wednesday. The report said durable goods orders shot up by 1.0 percent in October after rising by a downwardly revised 0.3 percent in September.
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Pound Climbs Amid Better-than-expected U.K. PMI
The pound appreciated against its major counterparts in the European session on Wednesday, as the nation's business activity contracted less than expected in November and investors awaited the minutes of the Federal Reserve's November meeting for fresh clues on future rate hikes.
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U.S. Weekly Jobless Claims Rise More Than Expected
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits increased by more than expected in the week ended November 19th.
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U.S. Durable Goods Orders Jump Much More Than Expected In October
New orders for U.S. manufactured durable goods jumped by much more than expected in the month of October, according to a report released by the Commerce Department on Wednesday.
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Bay Street Likely To Open On Mixed Note
Canadian shares look headed for a mixed start on Wednesday, tracking commodity prices and sluggish European markets.
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Xeris Biopharma Inks Research Collaboration With Horizon Therapeutics To Develop Teprotumumab
Biopharmaceutical company Xeris Biopharma Holdings, Inc. (XERS) announced Wednesday that it has entered into a research collaboration and option agreement with Horizon Therapeutics plc (HZNP).
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more news
New Gold Promotes Patrick Godin To Succeed Renaud Adams As President And CEO
Canadian miner New Gold, Inc. (NGD.TO, NGD) announced Wednesday the appointment of Patrick Godin as its new President and Chief Executive Officer, effective immediately. Godin succeeds Renaud Adams, who has served as CEO since September 2018.
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UK Private Sector Shrinks On Weak Orders
The UK private sector contracted again in November as new orders posted its biggest fall in nearly two years as the rising cost of living squeezed demand in both the manufacturing and services sectors, a closely watched survey showed on Wednesday. The S&P Global/Chartered Institute of Procurement & Supply composite output index registered 48.3 in November, up fractionally from 48.2 in October.
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New Zealand Dollar Higher As RBNZ Raises Rate By Record 75 Bps
The New Zealand dollar was higher against its major counterparts in the European session on Wednesday, as the Reserve Bank of New Zealand raised the benchmark rate by a record 75 basis points and signaled more tightening ahead to bring inflation down.
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Eurozone Private Sector Contracts At Slower Pace
The euro area private sector contracted at a slower pace in November reflecting a reduced rate of loss of new business, fewer supply constraints and a pick-up in business confidence, flash survey results from S&P Global showed on Wednesday. The composite output index unexpectedly rose to 47.8 in November from 47.3 in October. The reading was seen at 47.0.
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UK Probes Apple And Google's Control Over Web Browsing
The U.K. Government's Competition and Markets Authority or CMA has initiated an investigation into tech majors Apple and Google's duopoly on mobile ecosystems. The authority said it will conduct a fuller investigation into the way that Apple and Google dominate the mobile browser market and how Apple restricts cloud gaming through its App Store.
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Sensex, Nifty Pare Early Gains
Indian shares pared early gains to finish slightly higher on Wednesday as investors awaited minutes from the Federal Reserve's November policy meeting later in the day for any indications that the pace of rate hikes may slow.
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