Forex News
Ericsson Q2 Net Loss Widens, While EBITA, Margin Climb; Stock Up
Shares of LM Ericsson were gaining more than 9 percent in the morning trading in Stockholm as well as around 6 percent in pre-market activity on the Nasdaq after the Swedish telecom major reported Friday significantly higher EBITA, a key earnings metric, in its second quarter. Meanwhile, net loss was sharply wider on hefty impairment charge as well as weak sales.
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110 days ago
DAX Inches Higher On Soft US Inflation Data
German stocks were slightly higher on Friday after soft U.S. inflation data fueled bets for a September rate cut by the Federal Reserve.
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110 days ago
Asian Shares Mixed After China Trade Data; Nikkei Tumbles Amid Volatile Yen
Asian stocks ended mixed on Friday as investors reacted to surprisingly soft U.S. inflation data, mixed Chinese trade figures and comments from several Federal Reserve officials on the rate trajectory.
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110 days ago
Marathon Oil To Pay $241.5 Mln In Pollution Penalties
Marathon Oil Co., which is in deal to be bought by ConocoPhillips in $22.5 billion all-stock deal, has agreed to a settlement with the U.S. Government regulators and to pay $241.5 million in penalties over climate- and health-harming emissions in North Dakota. The settlement with the U.S. Environmental Protection Agency or EPA and Department of Justice includes largest ever civil penalty...
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110 days ago
Yen Rises Amid Suspected BOJ Fx Intervention
The Japanese yen strengthened against other major currencies in the Asian session on Friday, as the traders suspect the Bank of Japan (BoJ) may have intervened in the currency markets to prop up the currency.
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110 days ago
Tesla Stock Drops 8% On News Of Robotaxi Delay
Tesla, Inc. shares were hit on Thursday's trading following a Bloomberg report that the luxury electric vehicle maker has delayed the unveiling of its robotaxi service to October. The company had previously planned its launch on August 8. Tesla shares, which were gaining recently on the expected unveiling as well as a better-than-expected second-quarter deliveries, lost 8.4 percent on regular...
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110 days ago
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Friday.
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110 days ago
more news
European Shares Poised To Open On Mixed Note
European stocks may open on a mixed note Friday as investors react to comments from Federal Reserve officials and await more U.S. economic data for directional cues.
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110 days ago
European Economic News Preview: France Final Inflation Data Due
Final inflation reports from France and Spain are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's wholesale prices for June. Economists expect wholesale prices to climb 0.2 percent on month, following May's 0.1 percent increase.
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110 days ago
Sensex, Nifty Open Higher On Fed Rate Cut Hopes
Indian shares opened on a positive note Friday after data showed consumer prices surprisingly fell in June from the previous month, bolstering hopes for two Federal Reserve rate cuts this year.
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110 days ago
Asian Markets Trade Mixed
Asian stock markets are trading mixed on Friday, following the mixed cues from Wall Street overnight, after soft US inflation data in the month of June raised prospects of an interest rate cut by the US Fed as soon as its September meeting. Bond yields also slipped and the US dollar weakened against most currencies in the region. Asian markets ended mostly higher on Thursday.
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110 days ago
Sensex, Nifty Seen Opening Up As TCS Beats Estimates
Indian shares are likely to open higher on Friday as softer-than-expected U.S. inflation data bolstered hopes for two Federal Reserve rate cuts this year.
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111 days ago
Japanese Market Sharply Lower; Down 2%
Reversing the gains in the previous three sessions, the Japanese stock market is sharply lower in on Friday, following the mixed cues from Wall Street overnight. The benchmark Nikkei 225 is retracting from all-time highs to plunge 2 percent to below the 41,400 level, with weakness across most sectors led by index heavyweights, exporters and technology stocks.
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111 days ago
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