European stocks traded lower on Thursday, with a slew of disappointing earnings as well as downbeat PMI and unemployment data weighing on markets. The eurozone manufacturing sector remained in contraction territory in July, according to a survey released earlier today. HCOB\'s final manufacturing PMI came in unchanged from June at 45.8, a tad higher than...
The euro area manufacturing sector continued to contract on steep reduction in orders and output in July, final data from S&P Global showed on Thursday. Further, official data showed that the unemployment rate in the currency bloc edged up in June as firms scaled back their staffing capacity amid weak economic activity. The HCOB manufacturing...
Itron, Inc. (ITRI) reported Thursday that net income attributable to the company for the second quarter of $51.32 million or $1.10 per share, sharply higher than $24.20 million or $0.53 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $1.21 per share, compared to $0.65 per share last year. Total...
Shares of BMW Group were losing around 2 percent in the German trading after the automajor reported Thursday weak profit, revenues and deliveries in its second quarter. Looking ahead for fiscal 2024, the company continues to expect Group profit before tax to decrease slightly due to higher manufacturing and fixed costs. For fiscal 2024, the...
R1 RCM, Inc. (RCM) announced Thursday that it has entered into a definitive agreement to be acquired by investment funds affiliated with TowerBrook Capital Partners and Clayton, Dubilier & Rice or CD&R, in an all-cash transaction with an enterprise value of approximately $8.9 billion. An investment vehicle controlled by TowerBrook is currently the beneficial owner...
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by much more than expected in the week ended July 27th. The report said initial jobless claims climbed to 249,000, an increase of 14,000 from...
Labor productivity in the U.S. shot up by more than expected in the second quarter, according to a report released by the Labor Department on Thursday. The Labor Department said labor productivity surged by 2.3 percent in the second quarter after rising by a revised 0.4 percent in the first quarter. Economists had expected labor...
Hyundai Motor America reported Thursday that it sold a total of 69,202 units in the month of July, up 4 percent from last year\'s 66,527 units, driven by best ever July total sales record for Elantra HEV, Santa Fe HEV, Tucson HEV and Palisade. Hybrid total sales surge 67 percent in July. Retail sales of...
JAKARTA – After the green light from shareholders, PT Bank OCBC NISP Tbk (OCBC) now officially merges PT Bank Commonwealth (PTBC) with the company. This decision was made after the company concluded Extraordinary General Meeting of Shareholders today (2/8). It is worth mentioning that the acquisition process of PTBC has actually been concluded since May...
JAKARTA –The revenue ofPT Adira Dinamika Multifinance Tbk (ADMF)reportedly increased 10.68% year-on-year (yoy) in H1 2024, while its profit sloped 6.58% yoy due to a 16.32% yoy increase in total expenses. Based on Financial Report of H1 2024 quoted Friday (2/8), total revenue of this Indeks52 constituent was reported at IDR 5 trillion, up from...