Aerospace giant Boeing Co., which has been hit by an ongoing strike by machinists, has come out with its improved best and final offer with a larger pay hike and bonuses, urging the employees to ratify by September 27. Meanwhile, Boeings largest union, The International Association of Machinists and Aerospace Workers or IAM, declined to...
Asian stocks traded mixed on Monday in the aftermath of the Federal Reserves 50-bps rate cut last week. Regional volumes remained thin due to a market holiday in Japan. The focus shifted to U.S. GDP print, key inflation figures, surveys on global manufacturing, U.S. consumer confidence and durable goods orders data due this week that...
Frances private sector economy slipped back into contraction in September as the temporary Olympic boost faded, flash survey data from S&P Global showed on Monday. The HCOB composite output index posted 47.4 in September, down from a 27-month high of 53.1 in August. The index fell below the critical 50.0 mark, indicating a renewed contraction...
The euro weakened against other major currencies in the European session on Monday. The euro fell to more than a 2-year low of 0.8356 against the pound, from an early high of 0.8387. Against the Swiss franc and the U.S. dollar, the euro dropped to 4-day lows of 0.9435 and 1.1083 from early highs of...
Indian shares ended Mondays session higher, helping key benchmark indexes Sensex and Nifty close at fresh record high levels for a third day running. While renewed optimism surrounding potential interest rate cuts by the U.S. Federal Reserve helped underpin sentiment, signs of escalating tensions in the Middle East served to limit overall gains in the...
German private sector activity fell deeper into contraction in September with accelerated reduction in manufacturing output, flash survey results from S&P Global showed on Monday. At 47.2, the headline HCOB composite output index fell to a seven-month low in September from 48.4 in August. The score was forecast to fall moderately to 48.2. The drag...
Shares of Australian supermarket chains Woolworths Group Ltd. and Coles Group Ltd. were down more than 3 percent on Mondays trading after the countrys consumer watchdog sued them over allegedly engaging in illusory discounting on hundreds of products. The Australian Competition and Consumer Commission or ACCC said it has commenced separate proceedings in the Federal...
The Malaysia stock market on Monday snapped the modest two-day winning streak in which it had gathered almost 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,665-point plateau although its likely to bounce higher again on Tuesday. The global forecast for the Asian markets suggests...
The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the seven-day winning streak in which it had surged more than 140 points or 3.9 percent. The Straits Times Index now sits just beneath the 3,640-point plateau and its tipped to open in the...
The Taiwan stock market has moved higher in three straight sessions, collecting almost 625 points or 2.8 percent along the way. The Taiwan Stock Exchange now sits just above the 22,280-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets suggests mild upside, largely on positive momentum amid...