Indian shares opened on a buoyant note Thursday as the U.S. Federal Reserve left interest rates unchanged for a fifth straight meeting, as widely expected, and maintained its forecast for three rate cuts in 2024. The benchmark S&P BSE Sensex was up 540 points, or 0.7 percent, at 72,640 in early trade while the broader...
Toy maker Mattel, Inc. announced its plans to open its second Adventure Park in Kansas City, Kansas in 2026. Through a licensing partnership with Epic Resort Destinations, Mattel\'s all-new family-friendly themed entertainment resort destination will break ground later this year. The second theme park from the partnership, after Mattel Adventure Park Glendale, Arizona, will be...
The monetary policy announcement from the Bank of England and flash Purchasing Managers\' survey results from the major euro area economies are the top economic news due on Thursday. At 3.00 am ET, the Office for National Statistics releases UK public sector finance data. In the meantime, the European Automobile Manufacturers\' Association publishes Europe\'s new...
European stocks look set to open on a buoyant note Thursday as investors react to dovish Fed remarks and look ahead to the Bank of England policy meeting. The dollar tumbled from two-week highs, bond yields dipped, and gold rallied to a fresh record above $2200 as dovish Fed commentary bolstered expectations of a June...
The Swiss National Bank made a surprise interest rate cut on Thursday and became the first major central bank to ease the policy in the current cycle as the fight against inflation over the last two and a half years has been effective. The SNB unexpectedly lowered the policy rate by 25 basis points to...
Southern States Bancshares, Inc. (SSBK), the holding company for Southern States Bank, an Alabama state-chartered commercial bank, announced Thursday the retirement of Chief Operating Officer Jack Swift, effective May 31, 2024. Swift\'s retirement culminates 18 years of service at Southern States, during which he served five years as Senior Executive Vice President and COO. Swift...
The Swiss franc dropped against its major counterparts in the European session on Thursday, after the Swiss National Bank lowered its policy rate by a quarter-point, as policymakers expect inflation to remain within the target range for the next few years. The SNB unexpectedly lowered the policy rate by 25 basis points to 1.5 percent....
A report released by the Labor Department on Thursday unexpectedly showed a slight drop by first-time claims for U.S. unemployment benefits in the week ended March 16th. The Labor Department said initial jobless claims edged down to 210,000, a decrease of 2,000 from the previous week\'s revised level of 212,000. The dip surprised economists, who...
Canadian shares look headed for a positive start Thursday morning amid rising hopes about a series of interest rate cuts from the Federal Reserve and a few other central banks, including the Bank of Canada, this year. Higher bullion prices are expected to contribute as well to market\'s firm start. The Federal Reserve projects three...
The Federal Reserve Bank of Philadelphia released a report on Thursday showing a modest slowdown in the pace of growth in regional manufacturing activity in the month of March. The Philly Fed said its diffusion index for current general activity slipped to 3.2 in March from 5.2 in February, although a positive reading still indicates...