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U.S. Factory Orders Pull Back Sharply In January

New orders for U.S. manufactured goods pulled back sharply in the month of January, according to a report released by the Commerce Department on Monday. The Commerce Department said factory orders slumped by 1.6 percent in January after surging by a downwardly revised 1.7 percent in December.
RTTNews | 721 gün önce
Australian Dollar Falls As China Trims Economic Growth Target

Australian Dollar Falls As China Trims Economic Growth Target

The Australian dollar dropped against its most major counterparts in the European session on Monday, as China lowered economic growth target for this year, diminishing the likelihood of more stimulus to boost recovery.
RTTNews | 721 gün önce
UK Car Registrations Surge 26.2% In February: SMMT

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.
RTTNews | 721 gün önce
Bay Street Likely To Open Lower

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.
RTTNews | 721 gün önce
Ciena Q1 Results Top Estimates

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.
RTTNews | 721 gün önce
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Eurozone Retail Sales Rise Less Than Expected

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.
RTTNews | 721 gün önce
German Construction Downturn Eases In February

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.
RTTNews | 721 gün önce
UK Construction Activity Rebounds In February

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
RTTNews | 721 gün önce
Tesla Cuts Prices Of Model S, Model X In US

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.
RTTNews | 721 gün önce

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