Germany\'s leading five economic think tanks significantly lowered the biggest euro area economy\'s growth forecast for this year on Wednesday, citing cyclical and structural weakness amid sluggish economic activity. The German economy is now projected to grow just 0.1 percent this year, the institutes said in their spring report, which was much less than the...
Indian shares may struggle for direction at open on Tuesday as investors weigh escalating tensions between Israel and Hezbollah and keep a close eye on oil price movements for direction. Israeli airstrikes on Hezbollah strongholds in Lebanon early Monday resulted in the deaths of at least 492 people, including 35 children, according to Lebanons health...
Antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Monday, as Chinese stimulus boosted risk assets and commodities. Traders reacted positively to the additional stimulus measures from the Chinese government to spur growth in the worlds second largest economy. The Chinese government announced...
U.K. stocks held steady on Thursday ahead of a policy meeting of the Bank of England (BoE) later in the day. The central bank is set to hold its policy rate flat for a sixth meeting in a row, with focus likely to be on the MPC vote split, inflation outlook and Governor Andrew Bailey\'s...
Industrial manufacturer Tredegar Corp. (TG) reported Wednesday net income for the second quarter was $8.79 million or $0.26 per share, compared to a net loss of $18.92 million or $0.56 per share in the prior-year quarter. Excluding items, adjusted net income from ongoing operations were $0.30 per share, compared to adjusted net loss from ongoing...
European stocks may open on a mixed note Friday as investors react to comments from Federal Reserve officials and await more U.S. economic data for directional cues. San Francisco Fed president Mary Daly on Thursday said she expects further easing in both price pressures and the labor market, and therefore some policy adjustment will be...
The Japanese yen weakened against their major currencies in the Asian session on Wednesday, as markets expect currency intervention by Japanese authorities to prop up the currency ahead of this week\'s Bank of Japan policy meeting. Traders await the BOJ\'s two-day policy meeting starts on Thursday for cues on when the central bank will raise...
The ongoing legal battle between Coinbase and the U.S. Securities and Exchange Commission (SEC) is heating up as the regulator pushes back at giving the crypto exchange access to the personal emails of SEC Chair Gary Gensler. Coinbase argues that Gensler’s emails could contain pivotal information related to the SEC’s stance on crypto regulations, which...
Specialty retailer Abercrombie & Fitch (ANF) reported Wednesday that net income attributable to the company for the second quarter soared to $133.17 million or $2.50 per share from $56.89 million or $1.10 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $2.50 per share, compared to $1.08 per share last...
Slightly higher GIFT Nifty futures and overnight positive close on Wall Street indicate a higher open for Indian shares Friday morning. Upbeat economic data, Microns strong fourth-quarter earnings, and expectations of more interest rate cuts by the Fed lifted the major averages to a positive close on Thursday. Asian stocks are broadly higher on Friday,...