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French Industrial Production Rebounds In November
France's industrial production rebounded at a stronger-than-expected pace in November as operations returned to normal after the labor strike in refineries, official data revealed Tuesday. Industrial output climbed 2.0 percent from October, when it decreased by a revised 2.5 percent, the statistical office INSEE reported. Production was expected to grow by a modest 0.8 percent.
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CECO Environmental Expects Q4 Orders To Exceed $145 Mln
CECO Environmental Corp. (CECO) announced Tuesday it expects orders for the fourth quarter of 2022 to exceed $145 million, an increase of at least $55 million, or 60 percent, over the prior-year quarter and $43 million, or 42 percent, on a sequential basis, providing CECO with year-end backlog at or near record levels.
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ChipMOS Technologies Q4 Revenues Down 31.0% Year-over-year
Semiconductor company ChipMOS Technologies Inc. (IMOS) reported Tuesday that revenue for the fourth quarter declined 31.0 percent to NT$4.69 billion or $152.5 million from NT$6.79 billion or $221.0 million in the prior-year quarter. It also decreased 10.8 percent sequentially from the third quarter.
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Sensex, Nifty Tumble On US Rate Hike Woes
Indian shares fell sharply on Tuesday as U.S. rate hike worries returned to the fore and Tata Consultancy Services (TCS), the country's largest IT services company, posited a lower-than-expected Q3 profit.
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UK Job Placements Fall Further On Bleak Outlook, Labor Shortages
Permanent placements in the United Kingdom decreased further at the end of the year 2022, as hiring activity was dampened by the rising economic uncertainty, low candidate numbers along with the squeeze on clients budgets, results of the KPMG/REC Report on Jobs survey, compiled by S&P Global, showed Tuesday.
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European Shares Inch Lower Ahead Of Powell's Speech
European stocks slipped into the red on Tuesday after two Fed officials said the Federal Reserve would likely raise interest rates to above 5 percent and hold them there for some time in order to keep inflation under control.
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BoE Chief Economist Pill Sees Threat Of Persistent Inflation Easing
Bank of England Chief Economist Huw Pill said the slowdown in the UK economy together with the tight labor market conditions will put a lid on domestic inflationary pressures and weaken the risk of persistent inflation. But the extent to which an easing in the labor market induced by monetary tightening will weigh against inflationary pressures will depend on the wider context, he noted.
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more news
FTSE 100 Edges Lower On Inflation Worries
U.K. stocks declined on Tuesday as commodities shed recent gains from China's reopening,
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Australian Dollar Drops On Hawkish Fed Remarks
The Australian dollar fell against its major counterparts on Tuesday, as comments from U.S. Fed officials indicated that the central bank will have to keep raising rates to somewhere above 5 percent.
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CAC 40 Declines On Profit Taking
French stocks fell on Tuesday, as investors booked some profits following recent gains on optimism surrounding China's reopening and expectations over a potential slowdown in U.S. interest rate hikes.
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DAX Dips Ahead Of Powell's Speech
German stocks were moving lower on Tuesday after two Federal Reserve officials said the fed funds rate will need to surpass 5 percent in order to get inflation under control.
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Asian Shares Mixed On Fed Comments, Recession Worries
Asian stocks ended on a mixed note Tuesday, with hawkish remarks from two Federal Reserve officials and fears of a coming recession weighing on markets.
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Tokyo Inflation Hits 4% First Time In 4 Decades; Japan Household Spending Unexpectedly Declines
Inflation in Japan's capital Tokyo hit 4 percent for the first time in four decades at the end of 2022, lifting speculation over a shift in the Bank of Japan's massive monetary easing stance. Separate data showed an unexpected fall in overall household spending in November, driven by rising consumer prices.
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