The British pound strengthened against other major currencies in the European session on Thursday, as investors await the key U.S. data due later in the day that could shed additional light on the outlook for interest rates. Investors look for more clarity on whether the Fed will make its first rate cut this year in...
Indian shares ended Thursday\'s session higher, after having suffered heavy losses the previous day amid concerns surrounding elevated valuations in the broader market. The upside, however, remained capped ahead of key U.S. producer price inflation, jobless claims and retail sales data due later in the day that could offer additional clues on the interest rate...
German utility RWE AG reported Thursday sharply lower profit in its fiscal 2023 with weak revenues, while adjusted EBIT and EBITDA, key earnings metrics, were higher. Further, the company announced higher dividend, and said it maintains fiscal 2024 earnings view, but now sees at the lower end of the range. In Germany, RWE shares were...
While reporting financial results for the fourth quarter on Thursday, brick-and-mortar retailer Build-A-Bear Workshop, Inc. (BBW) initiated its revenue growth guidance for the full-year 2024. For fiscal 2024, the company expects revenue growth on a low-to-mid-single-digit percentage basis and adjusted total revenue growth on a mid-single-digit percentage basis. On average, three analysts polled by Thomson...
While reporting financial results for the fourth quarter on Thursday, G-III Apparel Group, Ltd. (GIII) initiated its earnings, adjusted earnings and net sales guidance for the first quarter and full-year 2025. For the first quarter, the company expects earnings and adjusted results between a loss of $0.10 per share and breakeven per share on net...
Discount retail chain Dollar Tree, Inc. said it is planning to close around 970 underperforming stores of its unit Family Dollar Stores LLC as part of its comprehensive store portfolio optimization review. The planned store closures also include around 30 Dollar Tree stores. According to Rick Dreiling, Chairman and Chief Executive Officer, the decisive steps...
The Taiwan stock market bounced higher again on Tuesday, one day after ending the five-day winning streak in which it had rallied more than 840 points or 4.3 percent. The Taiwan Stock Exchange now sits just above the 19,910-point plateau and it has a strong lead again on Wednesday. The global forecast for the Asian...
The China stock market on Tuesday snapped the two-day winning streak in which it had advanced more than 40 points or 1.3 percent. The Shanghai Composite Index now rests just above the 3,055-point plateau although it may bounce higher again on Wednesday. The global forecast for the Asian markets is positive on optimism over the...
The Hong Kong stock market has finished higher in three straight sessions, advancing more than 850 points or 5.2 percent along the way. The Hang Seng Index now sits just beneath the 17,100-point plateau and it\'s expected to see continued strength at the open on Wednesday. The global forecast for the Asian markets is positive...
Australian shares are trading modestly higher on Wednesday, adding to the slight gains in the previous session, with the benchmark S&P/ASX 200 staying above the 7,700 level, following the broadly positive cues from global markets overnight, with gains in index heavyweights and financial stocks partially offset by losses in technology stocks. The benchmark S&P/ASX 200...