Industrial manufacturer Tredegar Corp. (TG) announced Thursday that, as part of the Brazilian merger review process regarding the sale of Terphane to Oben Group, the General Superintendence of the Administrative Council for Economic Defense (SG-CADE) issued a non-binding opinion recommending the rejection of the transaction. Following this first stage of the two-stage Brazilian merger review...
With a surge in utilities output offset by decrease in mining and manufacturing output, the Federal Reserve released a report on Thursday showing U.S. industrial came in flat in the month of April. The Fed said industrial production came in unchanged in April after inching up by a downwardly revised 0.1 percent in March. Economists...
The Malaysia stock market bounced higher again on Thursday, one day after ending the two-day winning streak in which it had picked up more than 5 points or 0.3 percent. The Kuala Lumpur Composite Index now sits just above the 1,610-point plateau although it\'s likely to see renewed consolidation on Friday. The global forecast for...
The Singapore stock market rebounded on Thursday, one day after snapping the four-day winning streak in which it had advanced almost 50 points or 1.5 percent. The Straits Times Index now rests just beneath the 3,305-point plateau although it may head south again on Friday. The global forecast for the Asian markets suggests consolidation, largely...
The Taiwan stock market has tracked higher in five straight sessions, advancing more than 750 points or 3.8 percent along the way. The Taiwan Stock Exchange now sits just above the 21,300-point plateau although investors figure to lock in gains on Friday. The global forecast for the Asian markets suggests consolidation, largely on profit taking...
The China stock market on Thursday snapped the three-day losing streak in which it had slumped almost 35 points or 1.1 percent. The Shanghai Composite Index now sits just above the 3,120-point plateau although it\'s likely to open in the red again on Friday. The global forecast for the Asian markets suggests consolidation, largely on...
The Hong Kong stock market bounced higher again on Thursday, one session after ending the three-day winning streak in which it had rallied almost 800 points or 4.4 percent. The Hang Seng Index now sits just above the 19,375-point plateau although it\'s likely to open under water on Friday. The global forecast for the Asian...
Giving up some of the gains in the previous two sessions, the Australian stock market is notably lower on Friday, following the broadly negative cues from global markets overnight. The benchmark S&P/ASX 200 is staying below the 7,900 level, with losses across most sectors led by gold miners and technology stocks. Iron ore miners are...
Flash GDP estimate from the euro area is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.45 am ET, France\'s statistical office INSEE is set to publish final inflation figures for April. Consumer price inflation is seen at 2.2 percent, unchanged from the flash estimate. At...
China\'s central bank left its medium-term lending facility rate unchanged on Wednesday as policymakers focus more on the currency stabilization. The People\'s Bank of China conducted the CNY 125 billion of one-year MLF facility. The rate on the MLF was retained at 2.5 percent. The MLF usually acts as a guide to the loan prime...