Reserve Bank of Australia Governor Michele Bullock said the policy board will not hesitate to lift interest rates if needed to contain persistently high inflation. The board is vigilant on upside risks on inflation, the hawkish governor said in a speech on Thursday. She noted that the gap between aggregate demand and aggregate supply in...
JAKARTA – Bank Indonesia (BI) mentions that the assessment of Indonesia’s economic growth aligns with the projection made by International Monetary Fund (IMF) at 5% in 2024 and 5.1% in 2025. This situation was announced by Erwin Haryono, Assistant Governor of Department of Communication of BI in Jakarta, today (8/8). In the press release, Haryono...
Indian shares opened on a buoyant note Wednesday as a measure of calm returned to global markets and the government offered relief on long-term capital gains tax for immovable property. Sentiment was also underpinned as the Bank of Japan downplayed expectations of interest rate hikes and oil prices slipped after an unexpected inventory build. The...
Industrial production and foreign trade reports from Germany are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germanys industrial output and external trade figures for June. Production is forecast to advance 1.0 percent on month, reversing a 2.5 percent fall in May....
European stocks may open on a positive note Wednesday as U.S. recession worries eased and the Bank of Japan played down the chances of a near-term rate hike, triggering a sharp fall in the yen. U.S. stock futures reversed early losses to trade higher despite AI darling Super Micro Computer reporting earnings below estimates. Asian...
Chinas exports grew less than expected at the start of the third quarter, while imports rebounded on domestic demand, official data showed Wednesday. Exports posted an annual growth of 7.0 percent in July, the customs data revealed. This was weaker than the forecast of 9.7 percent and followed an 8.6 percent expansion in June. On...
While reporting financial results for the second quarter on Wednesday, Charles River Laboratories International, Inc. (CRL) slashed its earnings, adjusted earnings, revenue growth and organic revenue growth guidance for the full-year 2024. For fiscal 2024, the company now projects earnings in the range of $5.65 to $5.95 per share and adjusted earnings in the range...
While reporting financial results for the third quarter on Wednesday, technology and software company Emerson Electric Co. (EMR) raised its adjusted earnings guidance for the full-year 2024. The company said the 2024 outlook assumes approximately $300 million returned to shareholders through share repurchases and approximately $1.2 billion of dividend payments. For fiscal 2024, the company...
The Bank of Japan will not hike its policy rate when financial and capital markets are unstable, Deputy Governor Uchida Shinichi said Wednesday after hawkish comments from Governor Kazuo Ueda and fears of a U.S. recession led to a global market rout in the past few trading days. If the outlook, the upside and downside...
While reporting financial results for the second quarter on Wednesday, The Brinks Co. (BCO) maintained its earnings and revenue guidance for the full-year 2024. For fiscal 2024, the company continues to project earnings from continuing operations attributable to Brinks in the range of $7.30 to $8.00 per share on revenues between $5.075 billion and $5.225...