The Indian rupee weakened against the U.S. dollar in the European session on Monday, amid concerns over an escalating Middle East conflict and fears the U.S. economy may be heading for a recession. Reports suggest the Benjamin Netanyahu-led government could sanction a pre-emptive strike on Iran to prevent an attack on Israeli soil. Disappointing earnings...
Tyson Foods, Inc. (TSN) reported Monday net income attributable to the company for the third quarter of $191 million or $0.54 per share, compared to a net loss of $417 million or $1.18 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $0.87 per share, compared to $0.15 per share...
The Canadian market is likely to open with a big negative gap Monday morning, tracking a sell-off in global markets amid rising fears the U.S. economy is heading for a recession. Escalating tensions in the Middle East, and falling commodity prices are also likely to render the mood quite bearish. On the Canadian economic front,...
The euro area private sector activity posted its weakest growth in the current five-month sequence of expansion amid falling demand and weaker sentiment, final data from S&P Global showed on Monday. The final composite output index slid to 50.2 in July from 50.9 in June. The flash reading was 50.1. The score moved close to...
Frontdoor, Inc. (FTDR) announced Monday that Evan Iverson has been promoted to Senior Vice President and Chief Operating Officer, effective August 1, 2024. As Chief Operating Officer, Iversons responsibilities now include oversight of the companys technology strategy and architecture, as well as the integration and delivery of technology into the companys service offerings. This is...
The China stock market has moved lower in three straight sessions, sinking more than 75 points or 2.6 percent in that span. The Shanghai Composite Index now sits just above the 2,860-point plateau and its looking at another soft start again on Tuesday. The global forecast for the Asian markets is bleak on continuing concerns...
The Hong Kong stock market has finished lower in three straight sessions, plunging nearly 650 points or 3.8 percent along the way. The Hang Seng Index now rests just beneath the 16,700-point plateau and its expected to open in the red again on Tuesday. The global forecast for the Asian markets is bleak on continuing...
The Indonesia stock market has moved lower in two straight sessions, tumbling more than 265 points or 3.6 percent along the way. The Jakarta Composite Index now sits just beneath the 7,060-point plateau and its expected to open to the downside again on Tuesday. The global forecast for the Asian markets is bleak on continuing...
The Thai stock market has tracked lower in back-to-back sessions, slumping almost 50 points or 3.7 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,315-point plateau and its likely to open in the red again on Tuesday. The global forecast for the Asian markets is bleak on continuing concerns...
Reversing some of the sharp losses in the previous three sessions, the Japanese stock market is soaring on Tuesday, with the Nikkei 225 moving up 3,000 points to be well above the 34,400 level, despite the broadly negative cues from global markets overnight, with strong gains across all the sectors led by index heavyweights and...