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Bay Street Likely To Open Weak On Lower Commodity Prices
Canadian shares are likely to open on a negative note on Wednesday, weighed down by falling crude oil and bullion prices.
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vor 687 Tagen
Netflix To Wind Down DVD Service
Online video streaming giant Netflix is planning to close down its very first business of DVD rental service amid ongoing struggles to keep subscriber growth. While announcing its first-quarter results, the company said it would wind down DVD.com later in 2023 and will be shipping final DVDs on September 29. In a letter to investors, Netflix described the DVD service as the booster rocket...
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vor 687 Tagen
U.S. Dollar Strengthens On Fed Rate-hike Uncertainty
The U.S. dollar firmed against its major counterparts in the European session on Wednesday, as hawkish comments from Federal Reserve officials renewed concerns about the tightening path and a slowdown in the economic growth.
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vor 687 Tagen
European Stocks Slightly Lower On Inflation, Rate Hike Concerns
European stocks are broadly lower on Wednesday as investors digest the latest batch of economic data, and earnings update from the region, and also reacting to comments from some Federal Reserve officials about interest rate hikes.
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vor 687 Tagen
Stubborn Inflation Drags Down FTSE 100
FTSE 100 of the London Stock Exchange dropped close to half a percent as annual inflation persisted in double digits, triggered fears of further monetary tightening by the Bank of England.
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vor 687 Tagen
Sensex, Nifty Close Lower For 3rd Straight Day
Indian benchmark indices Sensex and the Nifty50 posted losses for the third consecutive session as stocks fell on Wednesday with lingering concerns about U.S. interest rates continuing to outweigh recent strong economic data from China.
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vor 687 Tagen
CAC-40 Drops As Inflation Spike Fuels Rate Hike Fears
The CAC-40 traded with losses on Wednesday amidst renewed concerns about inflation and interest rate hikes.
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vor 687 Tagen
more news
Europe Car Registrations Surge 28.8% In March: ACEA
European passenger car registrations signaled further strong expansion at the end of the first quarter driven by sharp increases in the four major markets and the ever rising demand for electric cars, monthly data from the Brussels-based European Automobile Manufacturers' Association, or ACEA, showed on Wednesday.
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vor 687 Tagen
DAX Drops As Bets Of A Dovish Fed Dim
The DAX benchmark of the Frankfurt bourse moved lower on Wednesday as renewed fears of Fed's tightening dampened sentiment.
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vor 687 Tagen
Pound Rises On Higher-Than-Expected UK Inflation Report
The British pound strengthened against other major currencies in the European session on Wednesday, after data showed U.K. consumer prices rose more than anticipated in March.
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vor 687 Tagen
Asian Stocks Mixed As Fed Back In Focus
Asian markets mostly moved lower as renewed worries about the Fed's actions drained the euphoria that followed upbeat economic data from China.
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vor 687 Tagen
UK Inflation Exceeds Expectations
UK consumer prices increased more than expected in March to remain stubbornly high on rising food prices and strengthened the call for a quarter point interest rate hike at the next Bank of England policy meeting in May. Consumer prices logged an annual increase of 10.1 percent, which was slower than the 10.4 percent in February, the Office for National Statistics reported Wednesday.
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vor 687 Tagen
Indian Rupee Falls To 8-day Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar on Wednesday, as regional shares fell on concerns about further interest rate hikes by the U.S. Federal Reserve.
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vor 687 Tagen
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