Forex ziņas

Bank Of England Hikes Rate By 50 Bps; Sees Economy In Recession

The Bank of England raised the benchmark rate by a half percentage point on Thursday, defying expectations for a bigger move, as policymakers assessed that the UK economy has already landed in a recession. The Monetary Policy Committee decided to raise the bank rate by 50 basis points to 2.25 percent from 1.75 percent, in a three-way split vote.
RTTNews | 947 days ago
U.S. Leading Economic Index Extends Decline To Six Straight Months In August

U.S. Leading Economic Index Extends Decline To Six Straight Months In August

Potentially signaling a recession, the Conference Board released a report on Thursday showing its index of leading U.S. economic indicators declined for the sixth consecutive month in August. The Conference Board said its leading economic index fell by 0.3 percent in August after sliding by a revised 0.5 percent in July.
RTTNews | 947 days ago
Pound Retreats After BoE Rate Hike, Recession Warning

Pound Retreats After BoE Rate Hike, Recession Warning

The pound retreated from early highs against its most major counterparts in the European session on Thursday, after the Bank of England raised its key rate by 50 basis points, but predicted a recession in the third quarter of this year.
RTTNews | 947 days ago
U.S. Weekly Jobless Claims Inch Higher After Recent Downtrend

U.S. Weekly Jobless Claims Inch Higher After Recent Downtrend

After reporting modest decreases in first-time claims for U.S. unemployment benefits for five straight weeks, the Labor Department released a report on Thursday showing an uptick in jobless claims in the week ended September 17th.
RTTNews | 947 days ago
U.S. Weekly Jobless Claims Inch Up To 213,000

U.S. Weekly Jobless Claims Inch Up To 213,000

After reporting modest decreases in first-time claims for U.S. unemployment benefits for five straight weeks, the Labor Department released a report on Thursday showing an uptick in jobless claims in the week ended September 17th.
RTTNews | 947 days ago
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

Canadian shares are likely to open on a mixed note on Thursday, with investors continuing to assess the likely impact of the sharp interest rate hikes by the Fed, and the Bank of England, on global economic growth.
RTTNews | 947 days ago
U.S. District Court Rules In Favor Of Merck In Patent Infringement Suit Against Viatris

U.S. District Court Rules In Favor Of Merck In Patent Infringement Suit Against Viatris

Merck (MRK), known as MSD outside of the United States and Canada, announced Thursday that the U.S. District Court for the Northern District of West Virginia ruled in favor of the company in a patent infringement suit against Viatris, Inc. (VTRS) related to sitagliptin, an active ingredient in JANUVIA, JANUMET and JANUMET XR.
RTTNews | 947 days ago
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Japanese Yen Gains Ground Following BoJ Intervention

Japanese Yen Gains Ground Following BoJ Intervention

The Japanese yen appreciated against its major counterparts in the European session on Thursday, after the Bank of Japan intervened in the foreign exchange market to stem the currency's slide amid the central bank's ultra-loose policy.
RTTNews | 947 days ago
Accenture Guides FY23 EPS Below Estimates; Raises Dividend 15%

Accenture Guides FY23 EPS Below Estimates; Raises Dividend 15%

While reporting financial results for the fourth quarter on Thursday, professional services company Accenture plc (ACN) initiated earnings and revenue growth outlook for the full-year 2023, and also provided revenue outlook for the first quarter.
RTTNews | 947 days ago
Swiss Central Bank Ends Negative Policy Rate

Swiss Central Bank Ends Negative Policy Rate

The Swiss National Bank raised its key policy rate for the second straight meeting on Thursday, ending an era of negative rates to tame inflation that stays near a three-decade high. The central bank hiked the SNB policy rate by 0.75 percentage points to 0.5 percent, as expected. The second consecutive rate hike took the interest rate to the positive zone for the first time since early 2015.
RTTNews | 947 days ago
European Shares Decline On Interest-rate Concerns

European Shares Decline On Interest-rate Concerns

European stocks were moving lower on Thursday after the U.S. Federal Reserve and Swiss National Bank both hiked their key policy rates by 75 basis points, as widely expected, to tackle surging inflation.
RTTNews | 947 days ago

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