Consumer prices in China were up 0.3 percent on year in May, the National Bureau of Statistics said on Wednesday. That was shy of expectations for 0.4 percent and unchanged from the previous month. On a monthly basis, inflation fell 0.1 percent versus forecasts for a flat reading after rising 0.1 percent in April. The...
The Thai stock market has moved lower in back-to-back sessions, shedding more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,315-point plateau and it\'s likely to see little movement on Wednesday. The global forecast for the Asian markets suggests little movement ahead of key...
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened most major currencies in the Asian session on Wednesday, as traders await the U.S. inflation report and the Federal Reserve decision later in the day. Economists expect consumer prices to inch up by 0.1 percent in May after climbing by 0.3...
U.K. stocks advanced on Wednesday ahead of the release of key U.S. inflation data and the Federal Reserve\'s interest-rate decision due later in the day. Meanwhile, the U.K. economy stagnated in April as growth in services output was offset by falls in both production and construction output, the Office for National Statistics said earlier today....
European stocks traded higher on Wednesday as investors awaited key U.S. inflation data as well as a Federal Reserve policy decision later in the day for additional clues on the outlook for interest rates. The euro held steady while French 10-year bonds snapped four days of losses. Euro zone government bond yields dropped after having...
Indian shares eked out modest gains on Wednesday ahead of industrial output and inflation data, due out later in the day. The rupee was unchanged and global cues were mixed as traders await the release of U.S. inflation data as well as the Federal Reserve\'s rate decision later in the day for additional clues on...
Canadian value retailer Dollarama, Inc. (DOL.TO) reported Wednesday that net earnings for the first quarter of fiscal 2025 increased to $215.8 million or $0.77 per share from $179.9 million or $0.63 per share in the prior-year quarter. On average, nine analysts polled by Thomson Reuters expected the company to report earnings of $0.76 per share...
Federal Express Corp., a subsidiary of FedEx Corp. (FDX) announced Wednesday a workforce reduction plan in Europe as part of its ongoing measures to reduce structural costs. The execution of the plan is subject to a consultation process that is expected to occur over an 18-month period in accordance with local country processes and regulations....
The Malaysia stock market on Monday snapped the two-day winning streak in which it had gathered almost 10 points or 0.6 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,615-point plateau although it\'s looking to rebound on Tuesday. The global forecast for the Asian markets is fairly flat with a touch of...
The Singapore stock market has moved lower in consecutive trading days, slipping almost 10 points or 0.3 percent along the way. The Straits Times Index now sits just above the 3,320-point plateau although it may stop the bleeding on Tuesday. The global forecast for the Asian markets is fairly flat with a touch of upside...