German pharmaceutical and biotechnology major Bayer AG reported Tuesday a surge in its fourth-quarter net profit benefited by weak expenses. Meanwhile, sales were hurt by lower Pharmaceuticals sales, despite growth in Crop Science and consumer Health segments. Further, the company trimmed its dividend, and said it sees lower adjusted earnings and nearly flat sales in...
While reporting financial results for the fourth quarter on Tuesday, discount retailer Target Corp. (TGT) maintained provided earnings, adjusted earnings and comparable sales guidance for the first quarter and the full-year 2024. For the first quarter, the company expects earnings and adjusted earnings in the range of $1.70 to $2.10 per share on a comparable...
The U.S. dollar depreciated against its major counterparts in the New York session on Tuesday, as weaker-than-expected ISM services PMI for February increased chances of a rate cut in June. The ISM said its services PMI fell to 52.6 in February after climbing to 53.4 in January. While a reading above 50 still indicates growth,...
European stocks closed lower on Tuesday as concerns about the outlook for global economic growth amid disappointment from the lack of fresh stimulus from China and uncertainty about the timeline for interest rate cuts rendered the mood cautious. Investors also digested the latest batch of economic data from Europe and U.S., in addition to reacting...
The Switzerland market ended marginally down on Tuesday after a choppy session as investors refrained from making significant moves ahead of crucial economic events in the U.S. and Europe. The benchmark SMI, which moved between 11,447.89 and 11,504.02, ended with a loss of 14.06 points or 0.12% at 11,463.74. Kuehne & Nagel ended nearly 2%...
The Canadian market ended flat on Tuesday after stocks turned in a mixed performance as investors awaited the Canadian central bank\'s monetary policy announcement. Technology and communications stocks fell, while energy stocks found support despite weak crude oil prices. The benchmark S&P/TSX Composite Index, which opened slightly down but climbed to 21,622.99 subsequently, dropped to...
The U.S. dollar struggled to find support on Tuesday as weaker than expected economic data, including a reading on the nation\'s services sector activity, raised the possibility of a rate cut in June. Traders also looked ahead to Federal Reserve Chair Jerome Powell\'s testimony before the House Financial Services Committee on Wednesday and the Senate...
Australia will on Wednesday release Q4 figures for gross domestic product, highlighting a light day for Asia-Pacific economic activity. GDP is expected to rise 0.3 percent on quarter and 1.5 percent on year after adding 0.2 percent on quarter and 2.1 percent on year n the previous three months. Australia also will see January numbers...
Australia\'s gross domestic product expanded a seasonally adjusted 0.2% on quarter in the fourth quarter of 2024, the Australian Bureau of Statistics said on Wednesday. That was in line with expectations and unchanged from the three months prior. On an annualized basis, GDP advanced 1.5 percent - exceeding expectations for 1.4 percent but slowing from...
The total value of retail sales in Australia was up a seasonally adjusted 1.1 percent on month in January, the Australian Bureau of Statistics said on Wednesday - coming in at A$35.723billion. That was in line with expectations following the 2.7 percent slump in December. On a yearly basis, sales also rose 1.1 percent. Individually,...