Forex News
U.S. Dollar Down As Fed Minutes In Focus
The U.S. dollar dropped against its major counterparts in the European session on Wednesday, as investors awaited the minutes of the Federal Reserve's December meeting for more clarity on the monetary policy outlook.
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763 days ago
UK Mortgage Approvals Weakest Since Mid-2020
UK mortgage approvals reached the lowest level since the middle of 2020 as rising interest rates acted as a drag on housing demand. Mortgages approved for house purchases decreased more-than-expected to 46,100 from 57,900 in October, the Bank of England reported Wednesday. This was the lowest level since June 2020, when approvals totaled 40,500. The expected level was 55,000.
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763 days ago
BrainStorm Cell Therapeutics Promotes Stacy Lindborg To Work Alongside Chaim Lebovits As Co-CEO
Stem cell therapeutics developer BrainStorm Cell Therapeutics Inc. (BCLI) announced Wednesday the promotion of Stacy Lindborg to the role of Co-Chief Executive Officer. She will work alongside Chaim Lebovits, who is retaining his position as President and CEO.
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763 days ago
Eurozone Private Sector Downturn Softens In December
Euro area private sector activity shrank at the end of 2022, at the least marked pace since July, on the back of a slower fall in order books and a rebound in business confidence amid slowing inflation, results of the closely watched purchasing managers' survey suggested Wednesday. The composite output index rose to 49.3 in December from 47.8 in November, data from S&P Global showed.
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763 days ago
Fulcrum Therapeutics Names Robert Gould As Interim CEO After CEO Bryan Stuart Departs
Biopharmaceutical company Fulcrum Therapeutics, Inc. (FULC) announced Wednesday that Robert Gould, former president and founding chief executive officer, has been appointed as interim CEO, effective January 3, 2023. He is also a current member of the Board of Directors.
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763 days ago
German Auto Industry Confidence Improves, Outlook Uncertain: Ifo
German automakers sentiment turned positive at the end of 2022, but the overall business situation was strained for both manufacturers and suppliers, and expectations for the coming months remain cautious, survey results from the ifo Institute showed on Wednesday. The auto industry index rose to 1.5 in December from -1.5 in November, the Munich-based institute said.
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763 days ago
Patterson-UTI Energy Sees Q4 Net Income Exceeding $100 Mln
Providing an update on the fourth quarter results on Wednesday, oilfield services provider Patterson-UTI Energy, Inc. (PTEN) announced that it expects its net income for the fourth quarter of 2022 to exceed $100 million and its adjusted EBITDA for the fourth quarter of 2022 to surpass $230 million, based on current projections.
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763 days ago
more news
GE Completes Spin-off Of Healthcare Business As GE HealthCare Technologies
General Electric Co. (GE) announced Wednesday that it has completed the separation of its healthcare business, launching GE HealthCare Technologies Inc., a global leader in Precision Care. Starting January 4, 2023, GE HealthCare will trade on Nasdaq under the ticker symbol "GEHC".
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763 days ago
France Inflation Slows On Cheaper Energy Prices
After Germany and Spain, France also registered a slowdown in inflation in December on lower energy prices, softening pressure on the European Central Bank to tighten policy at an aggressive pace. Though price pressures eased, they remain high and French households were less confident about their economic prospects in December.
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763 days ago
Hong Kong Retail Sales Slump 4.2%, Worst Fall In 8 Months
Hong Kong's retail sales declined for the first time in three months and at the fastest pace in eight months in November, and tighter financial conditions are likely to continue damping consumption ahead, while a relaxation in Covid restrictions and an improvement in the labor market are expected to lent support.
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763 days ago
Sensex, Nifty Tumble Ahead Of Fed Minutes
Indian shares fell sharply on Wednesday, as risk aversion gripped markets ahead of the release of Federal Reserve's December meeting minutes later in the day that might contain hawkish comments from U.S. policymakers.
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763 days ago
More Consumers Intend To Buy EVs But Concerned About Prohibitive Price Tag
More consumers in the United States want to buy an electric vehicle or EV but are concerned about higher prices, Reuters reported quoting a Deloitte survey. The consulting firm, in its '2023 Global Automotive Consumer Study,' stated that the intent to purchase an EV is 3 percentage points higher than the previous year in the U.S. The growth is similar for hybrid electric vehicles and plug-in...
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763 days ago
European Shares Extend Gains For Third Day
European stocks rose for a third day running on Wednesday, even as U.K. markets underperformed amid a decline in commodity-related stocks.
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763 days ago
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