Forex News
Japan Rate Decision On Tap For Friday
The Bank of Japan will wrap up its monetary policy meeting on Friday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoJ is widely expected to keep its benchmark lending rate steady at -0.1 percent.
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920 days ago
TSX Posts Biggest Single-session Drop In Over 2 Years
The Canadian market suffered its worst single-session loss in more than two years on Thursday as stocks tumbled amid mounting fears of a possible recession in the foreseeable future due to aggressive policy tightening by central banks.
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920 days ago
U.S. Dollar Sheds Ground Against Major Rivals
The U.S. dollar drifted lower against most of its major counterparts on Thursday as traders digested the Federal Reserve's decision to hike interest rates by 75 basis points.
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920 days ago
Canadian Market Deep Down In Negative Territory On Widespread Selling
Canadian stocks are languishing deep down in negative territory Thursday afternoon with investors pressing sales almost across the board amid rising fears about a possible recession due to policy tightening by global central banks.
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920 days ago
Swiss Market Ends Sharply Lower After SNB's Unexpected Interest Rate Hike
The Switzerland stock market ended sharply lower on Thursday, in line with markets across Europe, as rate hike announcement by central banks triggered recession fears and rendered the mood extremely bearish.
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920 days ago
European Markets Settle Sharply Lower As Rate Hikes By Central Banks Fuel Recession Fears
European stocks plunged sharply on Thursday, weighed down by concerns that the Federal Reserve's decision to hike interest rates by 75 basis points, and the fifth consecutive rate hike by the Bank of England might trigger a recession in the foreseeable future.
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920 days ago
U.S. Housing Starts Plunge To Lowest Level In Over A Year In May
A report released by the Commerce Department on Thursday showed new residential construction in the U.S. plunged by much more than expected in the month of May. The Commerce Department said housing starts tumbled by 14.4 percent to an annual rate of 1.549 million in May after jumping by 5.5 percent to a revised rate of 1.810 million in April.
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920 days ago
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Philly Fed Index Indicates First Contraction Since May 2020
Manufacturing activity in the Philadelphia region saw a modest contraction in the month of June, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its current general activity index dropped to a negative 3.3 in June from a positive 2.6 in May.
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920 days ago
Bank Of England Lifts Key Rate To Highest Since 2009
The Bank of England raised its key interest rate by a quarter basis point to the highest level since the global financial crisis in 2009, as inflationary pressures intensified amid the labor market tightness, but the pace of tightening fell short of the U.S. Federal Reserve's latest move. The Monetary Policy Committee voted 6-3 to raise the bank rate by 25 basis points.
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920 days ago
Schneider Electric Recalls About 1.6 Mln Electrical Panels
Schneider Electric USA Inc. is recalling about 1.6 million units of Electrical Panels for potential risk of thermal burn and fire hazards, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. These included about 289,000 units sold in Canada. The company said the load center can overheat to pose thermal burn and fire hazards.
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920 days ago
U.S. Jobless Claims Edge Down Less Than Expected To 229,000
The Labor Department released a report on Thursday showing a modest decrease in first-time claims for U.S. unemployment benefits in the week ended June 11th. The report showed initial jobless claims edged down to 229,000, a decrease of 3,000 from the previous week's revised level of 232,000.
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920 days ago
Duke Energy Progress Says Customers Will See Bills Increase If NCUC Approves
Duke Energy Progress, a subsidiary of Duke Energy Corp. (DUK), said Thursday that it has made its annual filings with the North Carolina Utilities Commission (NCUC) this week for costs associated with fuel and various riders, including state programs to encourage renewable energy adoption, and energy efficiency and demand management programs to reduce energy use.
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920 days ago
22nd Century Group Names Hugh Kinsman As CFO
Agricultural biotechnology firm 22nd Century Group Inc. (XXII) announced Thursday the appointment of Hugh Kinsman as Chief Financial Officer. Kinsman is currently CFO of GVB Biopharma, which 22nd Century acquired effective May 13, 2022.
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920 days ago
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