European stocks edged higher on Thursday ahead of the monetary policy announcement from the European Central Bank (ECB) later in the day. Markets expect the ECB to keep its key rates on hold after cutting the rates for the first time in five years in June. The main refinancing rate was lowered by 25 basis...
Shares of ABB Ltd. were losing around 6 percent in the morning trading in Switzerland after the Swiss engineering company on Thursday reported weak orders in its second quarter, even as profit and revenues were higher on solid demand. Looking ahead for the third quarter, the company projects sequentially higher growth rate in comparable revenues,...
Indian shares recovered from initial weakness to reach record high levels on Thursday, with information technology stocks leading the surge. The 30-share BSE Sensex ended the session up 627 points, or 0.78 percent, at 81,343, after having hit a record high of 81,522 in intraday trade. The broader NSE Nifty index ended up 188 points,...
Insteel Industries Inc. (IIIN) announced Thursday that net income for the third quarter declined to $6.57 million or $0.34 per share from $10.57 million or $0.54 per share in the prior-year quarter. Net sales for the quarter decreased 12.0 percent to $145.78 million from $165.71 million in the same quarter last year.
Li-Cycle Holdings Corp. (LICY), a lithium-ion battery resource recovery company, announced Thursday that it has appointed Craig Cunningham to the role of Chief Financial Officer (CFO), effective July 20, 2024. Cunningham has served as Li-Cycle\'s interim CFO since March 2024. Cunningham brings nearly two decades of experience in accounting, finance, operations and capital markets, along...
While reporting financial results for the second quarter on Thursday, Abbott Laboratories (ABT) provided earnings and adjusted earnings guidance for the third quarter and raised its outlook for the full-year 2024. For the third quarter, Abbott projects earnings in a range of $0.85 to $0.89 per share and adjusted earnings in a range of $1.18...
European stocks may open on a positive note Wednesday, tracking a widespread rally on Wall Street overnight. Asian markets traded mixed as investors awaited policy announcements from Beijing\'s key leadership meeting and weighed the chances of former President Donald Trump winning the U.S presidential election in November. Dow futures were little changed, a day after...
UK inflation remained unchanged at the official target in June but the stability of services inflation reduced chances of a rate cut in August. The consumer price index grew 2.0 percent on a yearly basis, the same pace of growth as seen in May, the Office for National Statistics said Wednesday. Headline inflation was expected...
Asian stocks ended mixed on Wednesday while the dollar edged up as Donald Trump\'s election odds rose and the U.S. Republican presidential candidate said that Taiwan should pay the U.S. for supplying the island with defense equipment. Regional losses, if any, were limited as U.S. Treasury yields fell on hopes of a September rate cut...
A report released by the Federal Reserve on Wednesday showed industrial production in the U.S. increased by more than expected in the month of June. The Fed said industrial production climbed by 0.6 percent in June after jumping by 0.9 percent in May. Economists had expected industrial production to rise by 0.3 percent. The bigger...