The U.S. economy grew by slightly more than previously estimated in the first quarter of 2024, according to a report released by the Commerce Department on Thursday. The report said gross domestic product jumped by 1.4 percent in the first quarter compared to the previously estimated 1.3 percent increase. The upward revision matched economist estimates....
MDA Space Ltd. (MDA.TO) announced Thursday it has been awarded $1 billion from the Canadian Space Agency (CSA) for the next phases of the Canadarm3 program. The contract is expected to run until March 2030, and will be added to MDA\'s backlog in the second quarter of fiscal 2024. Canadarm3 is a most advanced space...
Eurozone broad money supply and private sector credit expanded in May but growth remained subdued, data from the European Central Bank showed on Thursday. The broad monetary aggregate M3 posted an annual increase of 1.6 percent after rising 1.3 percent in April. This was the fastest growth since March 2023 and also slightly exceeded expected...
Amazon plans to launch a discount web store for selling low-cost apparel and other products directly shipped from warehouses in China, reports said citing a slide presentation in an invite-only meeting with Chinese merchants. The move is said to help the e-commerce giant meet growing competition from discount online platforms Temua, a unit of PDD...
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by more than expected in the week ended June 22nd. The Labor Department said initial jobless claims dropped to 233,000, a decrease of 6,000 from the previous week\'s revised level of 239,000. Economists had expected jobless claims to...
Industrial production in Japan was up a seasonally adjusted 2.8 percent on month in May, the Ministry of Economy, Trade and Industry said on Friday. That beat forecasts for an increase of 2.0 percent following the 0.9 percent contraction in April. On a yearly basis, industrial production was up 0.3 percent. Upon the release of...
The Taiwan stock market on Thursday snapped the two-day winning streak in which it had collected more than 170 points or 0.7 percent. The Taiwan Stock Exchange now sits just above the 22,900-point plateau although it\'s expected to rebound again on Friday. The global forecast for the Asian markets is flat to slightly higher ahead...
The China stock market turned lower again on Thursday, one day after snapping the five-day losing streak in which it had stumbled almost 80 points or 2.7 percent. The Shanghai Composite Index now sits just beneath the 2,950-point plateau although it may see renewed support on Friday. The global forecast for the Asian markets is...
The Hong Kong stock market on Thursday halted the two-day winning streak in which it had added more than 60 points or 0.3 percent. The Hang Seng Index now rests just beneath the 17,720-point plateau although it\'s tipped to open in the green on Friday. The global forecast for the Asian markets is flat to...
The Indonesia stock market on Tuesday ended the three-day winning streak in which it had picked up more than 160 points or 2.6 percent. The Jakarta Composite Index now rests just above the 6,880-point plateau and it may take further damage on Wednesday. The global forecast for the Asian markets is a mixed bag, with...