Forex News
German Inflation Climbs To 2.8% In May
Germany's consumer price inflation accelerated in May and core inflation remained steady, suggesting the stickiness of inflation that could cloud the outlook for the European Central Bank as it prepares to lower interest rates next week. Inflation, based on the harmonized index of consumer prices or HICP, climbed to 2.8 percent from 2.4 percent in April.
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170 days ago
Czech Billionaire To Own Britain's 500-year Old Postal Service Royal Mail - Update
International Distributions Services plc, the owner of Britain's 500-year old postal service and courier company Royal Mail, has agreed to a takeover offer by EP Corporate Group, owned by Czech billionaire Daniel Kretinsky. The total deal value is around 3.568 billion pounds on a fully diluted basis, while enterprise value is 5.284 billion pounds for the country's one of the most iconic...
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170 days ago
Reinsurance Group Of America Says Axel Andre To Succeed Todd Larson As CFO
Reinsurance Group of America, Inc. (RGA) announced Wednesday that Axel Andre will join the company as Executive Vice President on June 24, 2024. Andre is expected to be named Chief Financial Officer (CFO), following a brief transition period, effective August 5.
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170 days ago
BioNTech And CEPI Expand Strategic Partnership To Boost African Vaccine Ecosystem
BioNTech SE (BNTX) and the Coalition for Epidemic Preparedness Innovations or CEPI, announced Wednesday they are expanding their strategic partnership to contribute to building a sustainable and resilient end-to-end African vaccine ecosystem.
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170 days ago
IMF Raises China Growth Outlook On Strong Q1 GDP, Policy Measures
The International Monetary Fund raised China's growth projections citing strong first quarter growth data and recent policy measures, but cautioned about downside risks to growth. The Washington-based lender expects the second-largest economy to grow 5 percent this year, which is faster than the 4.6 percent projected in April. Likewise, the outlook for 2025 was lifted to 4.5 percent from 4.1 perc
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170 days ago
Bay Street Likely To Open On Weak Note
Canadian shares look headed for a weak start Wednesday morning with some hawkish comments from Fed officials raising concerns about the outlook for interest rate. Weak metal prices are likely to weigh as well.
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170 days ago
Vir Biotechnology Appoints Mark Eisner As EVP And Chief Medical Officer
Immunology company Vir Biotechnology, Inc. (VIR) announced Wednesday that Mark Eisner will join the company as Executive Vice President and Chief Medical Officer (CMO), effective June 03, 2024.
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170 days ago
more news
U.S. Mortgage Applications Pulled Back Sharply Last Week
The Mortgage Bankers Association released a report on Wednesday showing a sharp pullback by U.S. mortgage applications in the week ended May 24th.
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170 days ago
Abercrombie & Fitch Q1 Results Top Estimates; Boosts FY24 Net Sales Growth Outlook
Specialty retailer Abercrombie & Fitch (ANF) reported Wednesday that net income attributable to the company for the first quarter soared to $113.85 million or $2.14 per share from $16.57 million or $0.32 per share in the prior-year quarter.
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170 days ago
DICK'S Sporting Boosts FY24 Outlook As Q1 Results Top Estimates
While reporting financial results for the first quarter on Wednesday, sporting goods retailer DICK'S Sporting Goods Inc. (DKS) raised its earnings, net sales and consolidated same store sales growth guidance for the full-year 2024.
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170 days ago
Advance Auto Parts Boosts FY24 Net Sales Outlook; Q1 Results Miss Estimates
While reporting financial results for the first quarter on Wednesday, automotive aftermarket parts provider Advance Auto Parts Inc. (AAP) maintained its earnings and comparable store sales growth guidance for the full year 2024, while boosting annual net sales outlook.
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170 days ago
Sensex, Nifty Fall On Weak Global Cues
Indian shares fell sharply on Wednesday, as higher bond yields and a surge in oil prices following hawkish Fed comments and due to heightened tensions in the Middle East stoked concerns that global interest rates will likely stay higher for longer.
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170 days ago
Eurozone Private Sector Credit Growth Remains Weak
Eurozone private sector credit growth remained weak and money supply posted the fastest growth in a year in April but the pace of expansion was subdued, data published by the European Central Bank showed on Wednesday. Claims on the private sector increased 0.7 percent annually after a 0.8 percent gain. Meanwhile, adjusted loans to the private sector posted a slightly faster growth of 0.9 percent.
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170 days ago
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