The FTSE 100 benchmark of the London Stock Exchange recorded losses of close to a quarter percent in Fridays trading amidst mixed earnings updates and caution ahead of the upcoming budget of the new government on October 30. FTSE 100 oscillated between 8,278.11 and 8,246.23 as compared with the previous days closing level of 8,269.38....
Russias central bank raised its benchmark rate by larger-than-expected 200 basis points and also hinted at another hike next month as inflation expectations increased and additional fiscal spending lifted proinflationary effects. The board of directors, led by Governor Elvira Nabiullina, raised the key rate to a record 21.00 percent from 19.00 percent. The bank has...
Reflecting a continued slump by orders for transportation equipment, the Commerce Department released a report on Friday showing new orders for U.S. manufactured durable goods fell by more than expected in the month of September. The Commerce Department said durable goods slid by 0.8 percent in September, matching a revised decrease in August. Economists had...
Indian shares ended weak on Friday, drifting down for the fifth consecutive session, as mostly disappointing quarterly results, persisting tensions in the Middle East, and anxiety over the impending U.S. election rendered the mood cautious and prevented investors from engaging in any significant buying. The BSE benchmark Sensex ended down 662.87 points or 0.83% at...
The Singapore stock market on Friday snapped the modest two-day winning streak in which it had gathered almost 20 points or 0.6 percent. The Straits Times Index now sits just above the 3,590-point plateau and it may tick lower again on Monday. The global forecast for the Asian markets is murky amid concerns over the...
The Taiwan stock market on Friday ended the three-day losing streak in which it had dropped almost 350 points or 1.5 percent. The Taiwan Stock Exchange now rests just beneath the 23,350-point plateau although it may head south again on Monday. The global forecast for the Asian markets is murky amid concerns over the outlook...
The China stock market moved higher again on Friday, one day after halting the four-day winning streak in which it had rallied more than 135 points or 4 percent. The Shanghai Composite now sits just beneath the 3,300-point plateau although its likely to see renewed selling pressure on Monday. The global forecast for the Asian...
The Thai stock market on Friday snapped the four-day losing streak in which it had dropped almost 35 points or 2.5 percent. The Stock Exchange of Thailand now sits just above the 1,460-point plateau although it may hand back those gains on Monday. The global forecast for the Asian markets is murky amid concerns over...
Intel Corp. has won a long-running court battle in the European Union, where the Court of Justice, Europes top court, upheld the annulment by the General Court of a 1.06 billion euros fine imposed by the Commission on the chipmaker. The European regulator had alleged an abuse of a dominant position on the part of...
Shares of Unilever Plc were gaining around 3 percent in the Amsterdam trading as well as on the NYSE on Thursday after the consumer goods major reported higher underlying sales growth in its third quarter, and maintained its fiscal 2024 growth forecast. The third-quarter sales, on a reported basis, remained flat. CEO Hein Schumacher said,...