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Forex News
Conagra Brands Boosts FY23 Outlook - Update
While reporting financial results for the second quarter on Thursday, branded food company Conagra Brands, Inc. (CAG) raised its adjusted earnings and organic net sales growth guidance for the full-year 2023, based on a strong performance in the first half of the fiscal year.
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844 days ago
Neogen Slips To Loss In Q2, But Revenue Surge 76%
Neogen Corp. (NEOG) reported on Thursday a net loss for the second quarter of $41.84 million or $0.19 per share, compared to net income of $10.83 million or $0.10 per share in the prior-year quarter.
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844 days ago
German Exports Unexpectedly Fall In November
Germany's exports unexpectedly declined in November on weak global demand, signaling that the economy is sliding into a mild recession. Exports decreased 0.3 percent on a monthly basis, reversing a 0.8 percent rise in October, Destatis reported Thursday. The fall was in contrast to the 0.2 percent rise expected by economists.
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844 days ago
UK Service Sector Moves Closer To Stabilization
The UK service sector moved closer to stabilization from the contraction zone in December despite challenging business environment and the cost of living crisis, a closely watched survey showed Thursday. The final S&P Global/Chartered Institute of Procurement and Supply services Purchasing Managers' Index improved to 49.9 from 48.8 in November. The flash reading was 50.0.
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844 days ago
Park Aerospace Q3 Profit Rises
Park Aerospace Corp. (PKE) reported on Wednesday that net earnings for the third quarter grew to $2.23 million or $0.11 per share from $1.74 million or $0.08 per share in the prior-year quarter.
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844 days ago
Eurozone Producer Price Inflation At 11-Month Low On Easing Energy Costs
Eurozone producer price inflation eased for the third consecutive month in November, but remained high, as energy prices rose at a slower rate, offering some relief to the European Central Bank that is likely to continue raising interest rates in the first quarter.
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844 days ago
German Construction Activity Continues To Shrink
The downturn in Germany's construction sector continued in December as spiraling prices, rising interest rates and weak investment dampened activity, survey results from S&P Global showed on Thursday. The headline Construction Purchasing Managers' Index registered 41.7 in December, up from 41.5 in November. The reading is still firmly below the 50.0 threshold that separates growth from contract
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844 days ago
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Sensex, Nifty End Lower For Second Day
Indian shares fell for a second consecutive session on Thursday, though markets ended off their day's lows, helped by positive cues from global markets and gains in rupee alongside its Asian peers.
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844 days ago
Meta Gets €390 Mln Fine For Data Breaches
Facebook and Instagram parent Meta Platforms has been fined 390 million euros or around $414 million by a major European regulator for breaking EU data rules over ads. The Irish Data Protection Commission or DPC fined Meta Ireland noting that its policy of using private user data to personalize ads on Facebook and Instagram violated new data protection laws.
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844 days ago
European Shares Slip After Three Days Of Gains
European stocks declined on Thursday, snapping a three-day winning streak as the Federal Reserve's Dec. 13-14 policy meeting minutes dashed hopes of a Fed pivot anytime soon.
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844 days ago
FTSE 100 Edges Higher On Earnings Boost
U.K. stocks eked out modest gains on Thursday after clothing retailer Next Plc raised its pre-tax profit forecast for the current year, defying gloom about weakening consumption and the U.K.'s cost-of-living crisis.
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844 days ago
Pound Weakens Amid Hawkish Fed Minutes
The pound dropped against its major counterparts in early European deals on Thursday, as Fed minutes affirmed that further rate increases would be appropriate and dashed hopes for rate cuts in 2023.
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844 days ago
CAC 40 Retreats On Fed Rate Hike Worries
French stocks declined on Thursday after the minutes of last month's Fed meeting, released overnight, quelled hopes of rate-hike cycle ending anytime soon.
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844 days ago
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