Forex News
Dollar Retreats As China's Rebound Sparks Risk-on Sentiment
The week spanning February 27 to March 3 saw the Dollar's strength being challenged by the surprise rebound in China's manufacturing sector.
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721 days ago
UK Car Registrations Surge 26.2% In February: SMMT
British car registrations increased for the seventh straight month in February on the back of strong demand for battery electric vehicles along with easing supply-chain constraints, data from the Society of Motor Manufacturers and Traders, or SMMT, showed on Monday. Car registrations showed a double-digit annual growth of 26.2 percent in February following a 14.7 percent rise in January.
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721 days ago
Bay Street Likely To Open Lower
Canadian shares are likely to open on a negative note on Monday, tracking lower crude oil prices and sluggish metal futures.
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721 days ago
Ciena Q1 Results Top Estimates
Networking systems firm Ciena Corp. (CIEN) reported on Monday that profit for the first quarter increased from last year, driven by strong 25 percent revenue growth despite supply chain challenges. Adjusted earnings per share and quarterly revenues topped analysts' expectations.
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721 days ago
Eurozone Retail Sales Rise Less Than Expected
Eurozone retail sales grew less than expected at the start of the year suggesting that high inflation continued to eat into consumer spending, data from the statistical office Eurostat showed Monday. Retail sales increased only 0.3 percent in January from December, when turnover was down 1.7 percent. Economists had forecast 1.0 percent growth.
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721 days ago
German Construction Downturn Eases In February
Germany's construction activity continued to remain in contraction in February though the pace of decline has softened since the start of the year amid cooling cost pressures and supply-chain constraints, survey results from S&P Global showed Monday. The construction Purchasing Managers' Index, or PMI, rose to an 11-month high of 48.6 in February from 43.3 in the previous month.
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721 days ago
UK Construction Activity Rebounds In February
The UK construction activity recovered at a robust pace in February as the rebound in commercial activity and a positive contribution from civil engineering were offset the housing market weakness, survey results from S&P Global showed Monday. The Chartered Institute of Procurement & Supply construction Purchasing Managers' Index climbed more-than-expected to 54.6 in February from 48.4 in January
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721 days ago
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Tesla Cuts Prices Of Model S, Model X In US
Luxury electric major Tesla Inc. has slashed prices of its Model S sedan and Model X SUV vehicles in the United States, aiming to boost demand. The price cut comes for the second time this year after the company drastically cut prices in January in a bid to boost sales. According to the company's website, around $5,000 was reduced on Model S price and around $10,000 on Model X vehicles.
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721 days ago
Arthur J. Gallagher Acquires UK-based Bay Risk Services For Undisclosed Terms
Insurance brokerage Arthur J. Gallagher & Co. (AJG) announced Monday that its reinsurance division Gallagher Re has acquired the business and assets of UK-based Bay Risk Services Ltd., a member of the Optio Group. Terms of the transaction were not disclosed.
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721 days ago
Sensex, Nifty Gain Led By IT, Energy Stocks
Indian shares finished Monday's session notably higher, with IT, energy and Adani Group stocks leading the surge.
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721 days ago
Swiss Franc Climbs On Strong Inflation Data
The Swiss franc advanced against its major counterparts in early European deals on Monday, as investors became cautious ahead of Federal Reserve Chair Jerome Powell's testimony to Congress that is likely to throw light on the policy outlook.
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721 days ago
Swiss Inflation At 6-Month High
Switzerland's consumer price inflation unexpectedly rose to a six-month high in February driven by food and energy prices and raised the scope for the fourth consecutive rate hike this month. The consumer price index, or CPI, grew 3.4 percent on a yearly basis that was slightly faster than the 3.3 percent increase seen in January, the Federal Statistical Office reported Monday.
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721 days ago
South Korea Inflation Below 5%, Lowest In 10 Months
South Korea's consumer price inflation eased further in February to the lowest level in nearly a year amid a slowdown in rental and oil prices, giving relief to the Bank of Korea to go ahead with its wait-and-watch policy stance, figures from Statistics Korea showed on Monday. The consumer price index rose 4.8 percent year-over-year in February.
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721 days ago
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