With orders for transportation equipment showing a substantial rebound, the Commerce Department released a report on Monday showing a sharp increase by new orders for U.S. manufactured durable goods in the month of July. The Commerce Department said durable goods orders spiked by 9.9 percent in July after tumbling by a revised 6.9 percent in...
A categorically dovish shift in the Fed Chair Jerome Powells monetary policy hints exacerbated the Dollars plunge against major currencies during the week ended August 23. The U.S. Dollar plummeted against the euro, the British pound, the Australian dollar, the Japanese yen, the Canadian dollar, the Swiss franc as well as the Swedish krona during...
The Canadian dollar rose against its major counterparts in the New York session on Monday amid higher oil prices, as traders braced for escalating conflict in the Middle East following an Israeli strike on Hezbollah targets in southern Lebanon. Investors fretted about a regional war after a round of high-level talks in Cairo meant to...
Business sentiment in Germany deteriorated for a third month in a row in August as companies judged their current situation as worse and turned more pessimistic regarding the outlook, survey results from the ifo Institute showed Monday. The ifo business confidence index fell to 86.6 from 87.0 in July. Economists had forecast the measure to...
The major European stock markets finished on opposite sides of the unchanged line on Monday after showing strength in the previous session. The markets saw early strength, supported by optimism over the outlook for interest rates; the markets in France and the United Kingdom were able to hold on to those gains, while the German...
The Taiwan stock market on Friday snapped the two-day slide in which it had slumped more than 280 points or 1.2 percent. The Taiwan Stock Exchanged now rests just shy of the 22,160-point plateau and it may pick up steam on Monday. The global forecast for the Asian markets is positive on optimism over the...
McKesson Corp. (MCK) announced Monday that it signed a definitive agreement to acquire a controlling interest in Community Oncology Revitalization Enterprise Ventures, LLC (Core Ventures). Core Ventures, a business and administrative services organization, was established by Florida Cancer Specialists & Research Institute, LLC (FCS), a leading physician-owned community oncology practice. FCS physicians will continue to...
The Malaysia stock market headed south again on Friday, one day after ending the two-day slide in which it had shed more than a dozen points or 0.7 percent. The Kuala Lumpur Composite Index now sits just above the 1,635-point plateau, although it figures to bounce higher again on Monday. The global forecast for the...
The Singapore stock market has moved higher in back-to-back sessions, collecting more than 25 points or 0.7 percent along the way. The Straits Times Index now sits just shy of the 33,90-point plateau and its tipped to open in the green again on Monday. The global forecast for the Asian markets is positive on optimism...
The U.S. dollar extended its early weakness against other major currencies in the Asian session on Monday, as traders react to U.S. after Fed Chair Jerome Powells speech that signaled the central bank is prepared to begin cutting interest rates at its next monetary policy meeting in September. The time has come for policy to...