The Canadian market ended notably lower on Friday, weighed down by losses in energy, industrials and materials sectors, and on uncertainty about Federal Reserves interest rate trajectory. The benchmark S&P/TSX Composite Index, which opened at 25,004.49 and dropped to a low of 24,814.91 around mid afternoon, ended the days session at 24,890.68 with a loss...
Fast-food restaurant chain KFC, owned by Yum! Brands, has sued rival Churchs Texas Chicken in federal court for allegedly violating its trademark rights by using Original Recipe phrase in its ads. In a filing with the U.S. District Court for the Eastern District of Texas, the fried chicken chain complained that the use of phrase...
German stocks advanced on Thursday as investors reacted to upbeat earnings news and awaited Eurozone GDP later in the day. Bundesbank President Joachim Nagel warned on Wednesday that Donald Trumps threatened trade levies risk derailing the German economy. If the tariff plans are implemented, it could cost us 1 percent of economic output, he told...
French stocks edged up slightly on Thursday ahead of Eurozone growth data due later in the day. Earnings offered some comfort as bond yields surged amid inflation concerns under Trumps presidency. European government bond yields increased, mirroring U.S. Treasuries, on expectations that Trumps proposed policies and tariffs may result in increased U.S. deficit. The benchmark...
U.K. stocks eked out modest gains Thursday on the back of upbeat earnings news. The benchmark FTSE 100 was up 12 points, or 0.2 percent, at 8,042 after finishing marginally higher on Wednesday. Burberry shares jumped nearly 15 percent after new CEO of the fashion brand, Joshua Schulman, pledged to stabilize the business with a...
European stocks traded higher on Thursday, with underlying sentiment supported by positive corporate and earnings news. On a busy day of economic calendar, investors await the release of the eurozones second estimate for gross domestic product growth and third-quarter flash employment data later in the day. Minutes from the European Central Banks (ECB) October policy...
Indian shares moved in a narrow range before finishing marginally lower on Thursday ahead of a public holiday for markets on Friday for Guru Nanak Jayanti. The benchmark 30-share BSE Sensex ended the session down 110.64 points, or 0.14 percent, at 77,580.31, extending declines for a sixth day running and marking a weekly decline of...
Higher Canadian and U.S. futures, and firm crude oil prices point to a positive start on Bay Street on Thursday. The focus will be on earnings, and Fed Chair Jerome Powells speech, as well as on U.S. producer price inflation data. Keyera Corporation (KEY.TO) reported net earnings of $184.6 million for the quarter ended September...
The euro area economy expanded as initially estimated in the third quarter and employment growth showed an improvement, data from Eurostat showed on Thursday. Gross domestic product climbed 0.4 percent sequentially, which was double the 0.2 percent expansion seen in the second quarter, flash estimate showed. On a yearly basis, economic growth increased to 0.9...
Shares of Siemens AG were gaining around 6 percent in the morning trading on Germanys XETRA after the conglomerate on Thursday issued positive revenue outlook for fiscal 2025, after reporting higher profit and orders in its fourth quarter. Further, Siemens President and CEO Roland Busch reportedly announced potential cut of up to 5,000 jobs worldwide...