Recouping some of the losses in the previous three sessions, the Japanese stock market is modestly higher on Friday, despite the negative cues from Wall Street overnight. The benchmark Nikkei 225 is moving well above the 38,100 level, with gains across most sectors led by index heavyweights and exporter stocks. Technology stocks were the only...
Indian shares may open on a positive note Friday as weaker U.S. growth data sent the dollar and bond yields tumbling and revived hopes for rate cuts by the Federal Reserve later this year. Meanwhile, the Reserve Bank of India (RBI), in its annual report, projected Indian economy to grow at 7 percent in the...
Indian shares eked out modest gains in early trade on Friday as weaker U.S. growth data sent the dollar and bond yields tumbling and revived hopes for rate cuts by the Federal Reserve later this year. A cautious undertone prevailed ahead of the exit poll and general election results due on Saturday and Tuesday, respectively....
European stocks are seen opening slightly lower on Friday as investors react to weak Chinese data and await key inflation readings from the euro zone and the U.S. for direction. Asian markets traded higher as weak Chinese PMI data sparked hopes of stimulus support. Official data showed Chinese manufacturing activity unexpectedly contracted in May -...
PNM Resources, Inc. (PNM) announced Friday that The New Mexico Public Regulation Commission (NMPRC) approved an application by its wholly-owned subsidiary Public Service Company of New Mexico (PNM) for new energy resources to be added by summer 2026. The new resources, totaling 410 megawatts of solar and battery storage capacity, are planned to serve growing...
Specialty retailer Genesco, Inc. (GCO) on Friday reported a net loss for the first quarter of $24.35 million or $2.23 per share, wider than $18.89 million or $1.60 per share in the prior-year quarter. Excluding items, adjusted loss from continuing operations were $2.10 per share, compared to adjusted loss from continuing operations of $1.59 per...
Canadian shares may open with a slightly negative bias Friday morning, reacting to earnings updates, and fresh economic data from the U.S. and Canada. Canadian GDP data for the first quarter is due at 8:30 AM ET. The Canadian economy expanded by 0.2% in the fourth quarter of 2023, recovering from a revised 0.1% contraction...
Novartis AG (NVS) reported Friday positive results from the pivotal Phase III ASC4FIRST trial, which met both primary endpoints with clinically meaningful and statistically significant results. Scemblix (asciminib) demonstrated superior MMR rates at week 48 vs. investigator-selected SoC TKIs (imatinib, nilotinib, dasatinib and bosutinib) (67.7% vs. 49.0%) and imatinib alone Scemblix also demonstrated a favorable...
Retail sales in Germany declined more than expected in April, largely led by a slump in sales of food, while a survey showed that more companies plan to raise prices in the coming months. On a calendar and seasonally adjusted basis, retail sales slumped 1.2 percent from March, when they grew an upwardly revised 2.6...
UBS Group AG (UBS) announces Friday that it has completed the merger of UBS AG and Credit Suisse AG. The completion of the merger within the expected timeline was facilitated by the strong support from regulators across the globe. Credit Suisse has been deregistered in the Commercial Register of the Canton of Zurich and has...