Forex News
Uber And BYD Ink Multi-Year Partnership To Bring 100K BYD EVs To Uber Platform Worldwide
Uber Technologies, Inc. (UBER) and Chinese EV maker BYD Co. Ltd. (BYDDF.PK) announced Wednesday a multi-year strategic partnership that will bring 100,000 new BYD electric vehicles onto the Uber platform across key global markets.
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147 days ago
Unexpected Rise In Eurozone Inflation Casts Doubt Over ECB September Rate Cut
Euro area inflation rose unexpectedly in July and services price growth continued to remain high, adding uncertainty over the likelihood of a September interest rate cut by the European Central Bank. The harmonized index of consumer prices advanced 2.6 percent year-on-year in July, faster than the 2.5 percent increase in June, flash data from Eurostat showed on Wednesday.
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147 days ago
Eurozone Inflation Rises Unexpectedly
Eurozone inflation rose unexpectedly in July and services inflation continued to remain high, adding uncertainty over the chances of interest rate cut in September. The harmonized index of consumer prices advanced 2.6 percent year-on-year in July, faster than the 2.5 percent increase in June, flash data from Eurostat showed on Wednesday.
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147 days ago
Verisk Q2 Adj. EPS Tops Estimates; Reaffirms FY24 Outlook
Verisk Analytics, Inc. (VRSK), a data analytics and technology provider, reported Wednesday that net income attributable to Verisk for the second quarter soared to $308.1 million or $2.15 per share from $196.9 million or $1.35 per share in the prior-year quarter.
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147 days ago
U.S. Private Sector Adds 122,000 Jobs In July, Wage Growth Slows
Private sector employment in the U.S. increased by less than expected in the month of July, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment climbed by 122,000 jobs in July after jumping by an upwardly revised 155,000 jobs in June.
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147 days ago
Boeing Q2 Loss Sharply Widens, Misses Estimates
Boeing reported on Wednesday a net loss for the second quarter that sharply widened from last year, reflecting a 15 percent revenue decline amid lower commercial delivery volumes, and losses on fixed-price defense development programs. Core loss per share came in well below analysts' expectations and quarterly revenues also missed it.
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147 days ago
German Unemployment Rises More Than Forecast
Germany's unemployment increased more than expected in July as the weaker economy damped job creation at the onset of summer break. The number of people out of work increased 18,000 from June, when joblessness climbed sharply by 20,000, data from the Federal Labor Agency showed on Wednesday. The July's increase was bigger than forecast of 15,000.
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147 days ago
more news
Bay Street Likely To Open Higher; Fed Policy Eyed
Canadian shares look in headed for a positive start Wednesday morning, tracking higher oil and bullion prices, and firm European stocks. Investors now await the Federal Reserve's monetary policy announcement due later in the day, for clues about an interest rate cut in September.
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147 days ago
U.S. Private Sector Employment Increases Less Than Expected In July
Private sector employment in the U.S. increased by less than expected in the month of July, according to a report released by payroll processor ADP on Wednesday.
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147 days ago
Waters Slashes FY24 Outlook - Update
While reporting financial results for the second quarter on Wednesday, specialty measurement company Waters Corp. (WAT) slashes its adjusted earnings and sales growth outlook for the full-year 2024 and provided guidance for the third quarter, which was below analysts' estimates.
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147 days ago
Automatic Data Processing Initiates FY25 Outlook - Update
While reporting financial results for the fourth quarter on Wednesday, technology company Automatic Data Processing Inc. (ADP) initiated its earnings, adjusted earnings and revenue growth guidance for the full-year 2025.
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147 days ago
Kraft Heinz Reaffirms FY24 Adj. EPS Outlook - Update
While reporting financial results for the second quarter on Wednesday, Kraft Heinz Co. (KHC) reaffirmed its adjusted earnings and organic net sales growth guidance for the full-year 2024.
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147 days ago
BorgWarner Boosts FY24 Earnings, Trims Sales Outlook - Update
While reporting financial results for the second quarter on Tuesday, technology solutions provider BorgWarner Inc. (BWA) raised its earnings and adjusted earnings for the full-year 2024, while trimming annual net sales outlook.
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147 days ago
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