China\'s industrial production growth slowed more than expected in May and the property investment deteriorated further despite supportive measures, official data revealed on Monday. Industrial production growth decelerated to 5.6 percent in May from 6.7 percent in April, the National Bureau of Statistics reported. The rate was expected to slow moderately to 6.2 percent. Meanwhile,...
Asian stock markets are trading mostly lower on Friday, following the mixed cues from Wall Street overnight, amid fading hopes of a series of rate cuts by the US Fed after the central bank officials conservatively forecast just one rate cut this year in the post meeting comments. They said inflation has eased substantially in...
Indian shares opened a tad lower on Friday after three straight sessions of gains. The benchmark S&P BSE Sensex was down 177 points, or 0.2 percent, at 76,634 in early trade while the broader NSE Nifty index was down 50 points, or 0.2 percent, at 23,349. IT stocks traded weak, with HCL Technologies, TCS and...
Foreign trade from the euro area and final consumer prices from France are the top economic news due on Friday. At 2.00 am ET, Statistics Sweden publishes consumer price data for May. Inflation is forecast to ease to 3.5 percent from 3.9 percent in April. At 2.45 am ET, France\'s statistical office INSEE is slated...
European stocks are likely to open on a positive note Friday amid signs that price pressures may be easing in the United States. Trading later in the day may be impacted by reaction to the University of Michigan\'s preliminary report on U.S. consumer sentiment for June, which includes readings on inflation expectations. The European economic...
The Japanese yen weakened against other major currencies in the Asian session on Friday. The yen declined to a record low of 176.69 against the Swiss franc, a 16-year low of 201.46 against the pound and a 16-year low of 201.46 against the U.S. dollar, from yesterday\'s closing quotes of 174.90, 200.39 and 157.13, respectively....
TriplePoint Venture Growth BDC Corp. (TPVG) announced Friday that Christopher Mathieu plans to retire as the Chief Financial Officer, effective as of the close of business on August 9, 2024. He will continue to serve as an advisor through December 31, 2024 to provide a smooth transition. Mathieu has served as CFO of TriplePoint since...
A report released by the Labor Department on Friday showed unexpected decreases by U.S. import and export prices in the month of May. The Labor Department said import prices fell by 0.4 percent in May following a 0.9 percent advance in April. Economists had expected import prices to inch up by 0.1 percent. The unexpected...
The University of Michigan released preliminary data on Friday unexpectedly showing a continued deterioration in U.S. consumer sentiment in the month of June. The report said the consumer sentiment index fell to 65.6 in June after tumbling to 69.1 in May. Economists had expected the index to rebound to 72.0. With the unexpected decrease, the...
The pound lost ground against its major counterparts on Friday, as European shares fell amid persistent concerns about the upcoming parliamentary elections in France. Political uncertainty in France weighed after the country\'s finance chief warned that a new left-wing coalition coming to power in France would lead to the country\'s exit from the European Union....