Indian shares opened on a positive note Wednesday, tracking firm cues from other Asian markets on expectations for more stimulus from Beijing to bolster its struggling economy. The benchmark S&P BSE Sensex was up 150 points, or 0.2 percent, at 81,607 in early trade while the broader NSE Nifty index was up 53 points, or...
Shares of HSBC Holdings Plc were gaining more than 4 percent on the London Stock Exchange as well as in pre-market activity on the NYSE after the British lending major on Wednesday reported higher pre-tax profit, despite weak revenues. The company also lifted fiscal 2024 banking net interest income outlook, and also said it intends...
Indian shares eked out modest gains on Wednesday as investors eagerly awaited the Federal Reserve\'s monetary policy decision later in the day for direction. The Fed is widely expected to leave interest rates unchanged, but the accompanying statement might provide hints on the timing and pace of interest-rate cuts in the next few months. Traders...
While reporting financial results for the second quarter on Tuesday, technology solutions provider BorgWarner Inc. (BWA) raised its earnings and adjusted earnings for the full-year 2024, while trimming annual net sales outlook. For fiscal 2024, the company now projects earnings in a range of $3.88 to $4.05 per share and adjusted earnings in a range...
While reporting financial results for the second quarter on Wednesday, Kraft Heinz Co. (KHC) reaffirmed its adjusted earnings and organic net sales growth guidance for the full-year 2024. For fiscal 2024, the company still projects adjusted earnings in a range of $3.01 to $3.07 per share, but now projects organic net sales to be down...
While reporting financial results for the fourth quarter on Wednesday, technology company Automatic Data Processing Inc. (ADP) initiated its earnings, adjusted earnings and revenue growth guidance for the full-year 2025. For fiscal 2025, ADP now projects earnings per share growth in a range of 9 to 11 percent and adjusted earnings per share growth in...
While reporting financial results for the second quarter on Wednesday, specialty measurement company Waters Corp. (WAT) slashes its adjusted earnings and sales growth outlook for the full-year 2024 and provided guidance for the third quarter, which was below analysts\' estimates. For fiscal 2024, the company now projects adjusted earnings in a range of $11.55 to...
The Federal Reserve on Wednesday announced its widely expected monetary policy decision to leave interest rates unchanged. Citing its goals of maximum employment and inflation at the rate of 2 percent over the longer run, the Fed said it decided to maintain the target range for the federal funds rate at 5.25 to 5.50 percent....
The Canadian market climbed to a fresh record higher on Wednesday with stocks from across several sectors posting strong gains amid rising prospects of an interest rate cut by the Federal Reserve in September. The benchmark S&P/TSX Composite Index is up 288.65 points or 1.26% at 23,113.34. Dayforce Inc. (DAY.TO) is soaring nearly 12%. The...
The U.S. dollar, which showed signs of recovering from early weakness around mid morning on Wednesday, drifted down after the Federal Reserve left its interest rates unchanged, but signaled a rate cut in September. The Fed acknowledged \"some further progress\" toward its inflation objective but reiterated officials need \"greater confidence\" inflation is moving sustainably toward...