Forex News
Eurozone Inflation Hits Double-digit For First Time On Record
Eurozone inflation moved into double-digits for the first time on record in September as the single currency bloc struggles to meet energy needs amid an acute shortage, official data revealed on Friday. Inflation advanced to 10.0 percent in September from 9.1 percent in August, Eurostat reported. The rate exceeded economists' forecast of 9.7 percent.
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839 days ago
U.S. Personal Income Increases In Line With Estimates In August
Personal income in the U.S. increased in line with economist estimates in the month of August, according to a report released by the Commerce Department on Friday.
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839 days ago
Endeavor Closes Acquisition Of OpenBet From Light & Wonder For About $800 Mln
Sports and entertainment company Endeavor Group Holdings, Inc. (EDR) announced Friday the closure of its acquisition of OpenBet, a leading content, platform and service provider to the sports betting industry, from Light & Wonder, Inc. (LNW) for approximately $800 million paid through a combination of cash ($750 million, subject to certain customary adjustments) and shares of Endeavor's Class A common stock.
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839 days ago
Bay Street Seen Opening On Cautious Note
Canadian shares are likely to open on a mixed note on Friday with investors looking for direction.
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839 days ago
DuPont, Rogers Provide Update On Pending Merger
DuPont de Nemours, Inc. (DD) and Rogers Corp. (ROG) on Friday provided an update on regulatory approval of the pending merger of Rogers and Cardinalis Merger Sub, Inc., a wholly owned subsidiary of DuPont, which was previously expected to close in the third quarter of 2022.
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839 days ago
India Central Bank Lifts Rates Again To Battle Inflation, Rupee Weakness
The Reserve Bank of India lifted its benchmark rate for the fourth straight session, in a bid to combat high inflation and the decline in the rupee to a record low as the emerging markets encounter spillover effects from the policy normalization in advanced economies. The Monetary Policy Committee voted 5-1 to hike its key interest rate, the repo, by 50 basis points to 5.90 percent.
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839 days ago
Sensex, Nifty Rally As Dollar Slides; Metals And Financials Top Gainers
Indian shares posted strong gains on Friday as the dollar rally against major rivals stalled and U.S. Treasury yields declined, boosting investors' risk appetite.
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839 days ago
more news
Oil Prices Gain Ahead Of Next Week's OPEC+ Meeting
Oil prices gained on Friday amid speculation of an output cut by OPEC producers in the meeting scheduled on October 5.
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839 days ago
European Shares Bounce Back As UK Avoids Recession
European stocks bounced back on Friday, as government bond yields pulled back from recent highs and new data showed the U.K. economy has not yet fallen into a recession.
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839 days ago
Asian Shares Decline On Growth Concerns
Asian stocks fell again on Friday, with growing worries about the U.K.'s fiscal policy, Europe's energy crisis and hawkish Fed commentary weighing on markets.
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839 days ago
UK GDP Expands In Q2
The UK economy expanded in the second quarter after a revision to the services output, but growth remained below the pre-pandemic level, data released by the Office for National Statistics showed on Friday. Gross domestic product grew 0.2 percent sequentially, which was revised up from a first estimate contraction of 0.1 percent. Nonetheless, the pace of growth was weaker than the 0.7 percent exp
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839 days ago
European Shares May Weaken Further On Hawkish Fed Commentary
European stocks may see further selling pressure on Friday as investors weigh the risks of a simultaneous and rapid global tightening.
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839 days ago
European Economics Preview: Eurozone Inflation, Unemployment Data Due
Flash inflation and unemployment from the euro area are due on Friday, headlining a hectic day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's monthly labor market statistics. In the meantime, the Office for National Statistics releases UK revised GDP data for the second quarter.
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839 days ago
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