Berita Forex
U.S. Service Sector Growth Slows Much More Than Expected In March
Growth in U.S. service sector activity slowed by much more than expected in the month of March, the Institute for Supply Management revealed in a report released on Wednesday. The ISM said its services PMI slid to 51.2 in March from 55.1 in February. While a reading above 50 still indicates growth in the sector, economists had expected the index to show a much more modest decrease to 54.5.
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U.S. Trade Deficit Widens In February As Exports Slump More Than Imports
With exports slumping by more than imports, the Commerce Department released a report on Wednesday showing the U.S. trade deficit widened more than expected in the month of February. The Commerce Department said the trade deficit increased to $70.5 billion in February from a revised $68.7 billion in January.
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German Factory Orders Growth Accelerates; Private Sector Expands For Second Month
Germany's factory orders growth accelerated in February driven by higher demand for motor vehicles and automobile engines and the overall private sector expanded for the second straight month in March reflecting the upturn in the service sector. In a joint economic forecast, the leading think tanks said Germany's economic setback in the winter half of 2022/2023 is likely to have been milder tha
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Bioventus CEO Ken Reali Steps Down As CEO
Bioventus Inc. (BVS) announced Wednesday that Ken Reali has stepped down as Chief Executive Officer and as a member of the Board of Directors. The board has initiated a comprehensive search process to identify a permanent CEO.
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U.S. Private Sector Job Growth Falls Short Of Estimates In March
Employment in the U.S. private sector increased by less than expected in the month of March, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment rose by 145,000 jobs in March after climbing by an upwardly revised 261,000 jobs in February.
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Volkswagen Recalls 140K SUVs For Faulty Passenger-side Airbags
Volkswagen is recalling more than 143,000 Atlas Sport vehicles or SUVs in the United States due to faulty airbags on the front passenger side. The German automaker warned against someone riding in that seat until the issue is corrected. Volkswagen Group of America, Inc.'s recall involves certain 2018-2021 Atlas and 2020 Atlas Cross Sport vehicles.
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U.S. Trade Deficit Widens More Than Expected In February
With exports slumping by more than imports, the Commerce Department released a report on Wednesday showing the U.S. trade deficit widened more than expected in the month of February.
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UK Service Sector Expands On Robust Rise In New Business
The UK service sector expanded for the second month in a row in March as new business intakes grew the most in a year driven by greater confidence among clients in both domestic and foreign markets. The final Chartered Institute of Procurement & Supply services Purchasing Managers' Index posted 52.9 in March, survey data from S&P Global revealed Wednesday.
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Schnitzer Steel Industries Q2 Profit Meets Estimates
Schnitzer Steel Industries, Inc. (SCHN) reported Wednesday that net income attributable to shareholders for the second quarter plunged to $4.35 million or $0.15 per share from $37.62 million or $1.27 per share in the prior-year quarter.
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Bay Street Seen Opening On Mixed Note
Canadian shares are likely to open on a mixed note on Wednesday with investors assessing the most recent economic data and the outlook for Federal Reserve's interest rate.
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Dollar Falls After ADP Private Payrolls Data
U.S. ADP private payrolls data for March has been released at 8:15 am ET Wednesday. After the data, the greenback weakened against its major rivals.
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U.S. Private Sector Employment Climbs Less Than Expected In March
Employment in the U.S. private sector increased by less than expected in the month of March, according to a report released by payroll processor ADP on Wednesday.
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UK Car Sales Register Double Digit Growth: SMMT
UK new car registrations increased for the eighth straight month in March to deliver the best 'new plate month' performance since the pandemic, the Society of Motor Manufacturers and Traders or SMMT, said Wednesday. New car sales advanced 18.2 percent from the last year as supply chain challenges continued to ease. Sales totaled 287,825 units.
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