Public sector finance and retail sales reports from the UK and current account from the euro area are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK public sector net borrowing and retail sales figures. The budget deficit is expected to...
Japan\'s core inflation rose for the second straight month in June, keeping alive hopes of another interest rate hike. Core inflation that excludes fresh food edged up to 2.6 percent in June from 2.5 percent in May. However, this was slightly below economists\' forecast of 2.7 percent, the Ministry of Internal Affairs and Communications said....
European stocks are seen opening on a mixed note Friday after a highly anticipated meeting of the Chinese Communist party expected to focus on the economy provided little cheer to investors. Meanwhile, U.S. streaming giant Netflix posted better-than-expected results for the second quarter but issued soft revenue outlook, sending its shares lower in extending trading...
The New Zealand dollar weakened against other major currencies in the Asian session on Friday. The NZ dollar fell to more than a 2-month low of 0.6021 against the U.S. dollar, a 2-day low of 1.1125 against the Australian dollar and a 2-1/2- month low of 1.8080 against the euro, from yesterday\'s closing quotes of...
While reporting financial results for the second quarter on Friday, integrated payments company American Express Co. (AXP) raised its earnings guidance for the full-year 2024, while maintaining annual revenue growth outlook. For fiscal 2024, the company now projects earnings in a range of $13.30 to $13.80 per share, up from the prior forecast range of...
Shares of tech major Microsoft Corp. were losing around 2 percent and cybersecurity company Crowdstrike were down 12 percent in the pre-market trading on the Nasdaq following global outage that hit millions around the world. Microsoft Windows users across the world are facing severe outage as they get the Blue Screen of Death or BSOD...
Falling commodity prices, concerns about global economic growth, and the likely impact of a global tech outage that has hit services from airlines, banks and financial services are likely to render the mood a bit bearish on Bay Street Friday morning. Investors will also be reacting to Canadian retail sales, producer prices data. Data on...
Otis Worldwide Corp. (OTIS) announced Friday the appointment of Cristina Mendez as Executive Vice President & Chief Financial Officer, reporting directly to Otis Chair, CEO and President, Judy Marks. Effective August 23, Mendez will succeed Anurag Maheshwari, who is pursuing an opportunity outside Otis. Mendez currently serves as Senior Vice President, Finance EMEA & Transformation,...
The China stock market on Wednesday wrote a finish to the four-day winning streak in which it had advanced more than 35 points or 1.2 percent. The Shanghai Composite Index now sits just above the 2,960-point plateau and the losses may accelerate on Thursday. The global forecast for the Asian markets suggests consolidation, especially among...
The Hong Kong stock market on Wednesday ended the two-day slide in which it had tumbled almost 550 points or 3 percent. The Hang Seng Index now rests just beneath the 17,740-point plateau although it\'s likely to turn lower again on Thursday. The global forecast for the Asian markets suggests consolidation, especially among the technology...