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General Mills Initiates FY23 Outlook; Boosts Qtly Dividend 6% - Update
While reporting financial results for the fourth quarter and fiscal 2022 on Wednesday, branded food company General Mills, Inc. (GIS) initiated constant-currency adjusted earnings per share and organic net sales growth guidance for the full-year 2023.
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vor 913 Tagen
Eurozone Economic Confidence At 15-Month Low
Eurozone economic confidence weakened to a 15-month low in June, reflecting the deterioration of morale among consumers and construction managers, survey results from the European Commission showed Wednesday. The economic confidence index fell to 104.0 in June from 105.0 in May. This was the lowest score since March 2021 but remained above economists' forecast of 103.0.
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vor 913 Tagen
Indian Rupee Hits Record Low Against U.S. Dollar
The Indian rupee drifted lower against the U.S. dollar in evening deals on Wednesday, as renewed concerns about inflation and the risk of recession dragged down regional stocks.
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vor 913 Tagen
Lilly To Supply Addl. 150K Doses Of Bebtelovimab To U.S. Government For About $275 Mln
Eli Lilly and Co. (LLY) announced Wednesday a modified purchase agreement with the U.S. government to supply an additional 150,000 doses of bebtelovimab for approximately $275 million. The existing U.S. government supply of bebtelovimab, including the new purchase, is expected to meet present demand through late August 2022.
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vor 913 Tagen
McCormick Slashes FY22 Earnings Outlook - Update
While reporting financial results for the second quarter on Wednesday, flavor maker McCormick & Co., Inc. (MKC) trimmed its earnings and adjusted earnings guidance for the full year 2022, while maintaining annual sales growth outlook.
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vor 913 Tagen
Sensex, Nifty Snap Four-day Winning Streak
Indian shares ended slightly lower on Wednesday to snap a four-day winning streak, as renewed concerns about inflation and the risk of recession weighed on the rupee,
which fell 19 paise to close at a new record low of 79.04 against the dollar.
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vor 913 Tagen
European Shares Decline After Spain Inflation Surge
European stocks fell on Wednesday following a three-day rally. A cautious undertone prevailed ahead of a speech by European Central Bank President Christine Lagarde at the Sintra forum, alongside Federal Reserve Chairman Jerome Powell and Bank of England Governor Andrew Baile.
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vor 913 Tagen
more news
FTSE 100 Edges Lower Ahead Of Bailey Speech
U.K. stocks were moving lower on Wednesday after a steep drop in U.S. consumer confidence stoked worries about a slowdown.
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vor 913 Tagen
CAC 40 Slides Ahead Of Powell's Speech
French stocks fell notably on Wednesday, as renewed fears over a possible recession overshadowed recent optimism about China reopening.
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vor 913 Tagen
DAX Slips On Recession Worries
German shares fell sharply on Wednesday as dire U.S. consumer confidence data released overnight stoked concerns about the economic and earnings outlook.
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vor 913 Tagen
Australian Dollar Falls; Yen Rises On Recession Concerns
The Australian dollar declined against its major counterparts in the Asian session on Wednesday, while the Japanese yen advanced, as Asian stock markets are mostly lower, following the broadly negative cues overnight from Wall Street, after data showed that U.S. consumer confidence fell sharply in June, renewing concerns about inflation and the risk of recession.
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vor 913 Tagen
Asian Shares Decline On Recession Worries
Asian stocks fell on Wednesday as investors fretted over high inflation and the possibility of a recession. Risk-off sentiment boosted the safe-haven dollar while crude prices declined after a three-day rally.
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vor 913 Tagen
European Shares Seen Subdued Ahead Of Powell's Speech
European stocks may open lower on Wednesday as investors pause for breath after three days of gains.
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vor 913 Tagen
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