The U.S. dollar edged lower on Friday amid rising prospects of an interest rate cut by the Federal Reserve in September after the latest readings on the nation\'s inflation. In economic news, a report from the Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1% in June after coming in...
The Thai stock market has moved lower in four straight sessions, sinking more than 35 points or 2.8 percent in that span. The Stock Exchange of Thailand now rests just above the 1,290-point plateau and it\'s looking at another rough session on Friday. The global forecast for the Asian markets is mixed ahead of more...
Indian shares look set to open on a positive note Friday as strong U.S. GDP data and signs of cooling inflation raised confidence the world\'s largest economy could achieve a soft landing. The upside, however, may remain capped ahead of the June PCE price index data from the U.S. due later in the day that...
While reporting financial results for the second quarter on Friday, Sensient Technologies Corp. (SXT) raised its adjusted earnings and revenue growth guidance for the full-year 2024. For fiscal 2024, the company now projects earnings in the range of $2.77 to $2.87 per share and adjusted earnings growth in the mid-single-digits on revenue growth in the...
Virtus Investment Partners, Inc. (VRTS) reported Friday that net income attributable to Virtus for the second quarter declined to $17.6 million or $2.43 per share from $30.3 million or $4.10 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $6.53 per share, compared to $5.43 per share in the year-ago...
Higher TSX futures and crude oil prices, and steady European stocks point to a positive start Canadian shares on Friday. The focus will be on the U.S. Personal Consumption Expenditures (PCE) data. The PCE data is eyed for more clarity about the Federal Reserve\'s likely move in the upcoming policy meeting. In Canadian earnings news,...
Russia\'s central bank raised its benchmark rate by 200 basis points on Friday amid rising risks to inflation and slower domestic demand, and also kept the door open for further tightening. The board of directors, led by Governor Elvira Nabiullina, decided to lift the key rate to 18.00 percent from 16.00 percent. This was the...
While reporting financial results for the second quarter on Tuesday, 3M Co. (MMM) raised its adjusted earnings guidance for the full-year 2024, while maintaining total sales and organic sales growth outlook. For fiscal 2024, the company now projects adjusted earnings from continuing operations in a range of $7.00 to $7.30 per share, up from its...
While reporting financial results for the second quarter on Friday, Colgate-Palmolive Co. (CL) raised its adjusted earnings and organic sales growth guidance for the full-year 2024, while maintaining earnings and net sales growth outlook. For fiscal 2024, the company now projects earnings per share growth in double-digit percentage and adjusted earnings per share growth of...
China\'s central bank unexpectedly reduced the medium-term lending facility rate by 20 basis points for the first time since August, after cutting several benchmark lending rates on Monday. The People\'s Bank of China cut the rate on one-year medium-term lending facility to 2.3 percent from 2.5 percent on Thursday. The bank injected CNY 200 billion...