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Bank Of Canada Cuts Interest Rates By Quarter Point For Third Straight Meeting
For the third straight meeting, the Bank of Canada on Wednesday announced that is decided to lower interest rates by another quarter point. The Bank of Canada announced its widely expected decision to reduce its target for the overnight rate by 25 basis points to 4.25 percent, with the Bank Rate at 4.50 percent and the deposit rate at 4.25 percent.
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vor 126 Tagen
U.S. Trade Deficit Widens To Two-Year High In July As Import Surge
The U.S. trade deficit increased to its largest in over two years in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said the trade deficit widened to $78.8 billion in July from a revised $73.0 billion in June. Economists had expected the trade deficit to climb to $79.0 billion.
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vor 126 Tagen
U.S. Trade Deficit Widens To Largest In Over Two Years In July
The U.S. trade deficit increased to its largest in over two years in the month of July, according to a report released by the Commerce Department on Wednesday.
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vor 126 Tagen
EPAM Systems To Acquire Advanced Technology Consultancy NEORIS
EPAM Systems, Inc. (EPAM) announced Wednesday that it has entered into an agreement to acquire NEORIS, a Miami-headquartered global advanced technology consultancy with more than 4,700 professionals across major talent hubs in Latin America, Spain and the U.S.
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vor 126 Tagen
Bay Street Looks Headed For Another Weak Start
Canadian shares may open on a weak note Wednesday morning with investors tracking weak global cues and awaiting the Canadian central bank's interest rate decision.
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vor 126 Tagen
Dollar Tree Sees Q3 Below Market, Cuts FY24 View After Weak Q2 Earnings; Stock Down
Shares of Dollar Tree, Inc. were losing nearly 13 percent in the pre-market activity on the Nasdaq after the discount retail chain on Wednesday issued third-quarter outlook and trimmed fiscal 2024 forecast, both below market estimates. The outlook reflects its second-quarter results with weak earnings, also below the Street view, despite slight growth in net sales.
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vor 126 Tagen
Sensex, Nifty End Off Day's Lows
Indian shares followed global peers lower on Wednesday, though falling oil prices on demand concerns helped limit overall losses.
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vor 126 Tagen
more news
Eurozone Private Sector Growth At 3-Month High
The euro area private sector expanded at the fastest pace in three months in August underpinned by strong upturn in services activity, final survey results from S&P Global showed on Wednesday. The HCOB composite output index posted 51.0 in August compared to 50.2 in July. The final reading was slightly below the initial estimate of 51.2. The score signaled a re-acceleration of growth.
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vor 126 Tagen
European Shares Retreat On Growth Worries
European stocks traded lower on Wednesday as investors fretted about weakening U.S. and Chinese growth.
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vor 126 Tagen
SEC Fines Moody's, S&P, Other Credit Rating Agencies Over Recordkeeping Failures
The U.S. Securities and Exchange Commission has fined six major credit rating organizations a total of $49 million for significant failures to maintain and preserve electronic communications. Admitting the facts in their respective SEC orders, Moody's Investor Service Inc. and S&P Global Ratings agreed to pay a $20 million civil penalty each. Further, Fitch Ratings Inc. agreed to pay $8 million...
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vor 126 Tagen
FTSE 100 Dips On Growth Concerns
U.K. stocks traded lower on Wednesday amid concerns about slowing U.S. and Chinese growth.
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vor 126 Tagen
CAC 40 Extends Slide As Growth Worries Weigh
French stocks traded lower on Wednesday to extend losses from the previous session as weak U.S. manufacturing data reignited recession fears.
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vor 126 Tagen
DAX Extends Losses As Growth Worries Mount
German stocks fell on Wednesday to extend losses from the previous session as investors fretted about weakening U.S. and Chinese growth.
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vor 126 Tagen
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