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,...
New home sales in the U.S. rebounded by much more than expected in the month of September, according to a report released by the Commerce Department on Thursday. The Commerce Department said new home sales surged by 4.1 percent to an annual rate of 738,000 in September after tumbling by 2.3 percent to a revised...
The Canadian dollar dropped against its most major counterparts in the New York session on Thursday. The loonie fell to 1.3853 against the greenback, from an early 3-day high of 1.3812. The loonie weakened to a 2-day low of 1.4963 against the euro, from an early more than 2-week high of 1.4886. The loonie reached...
The major European markets closed slightly higher on Thursday with investors reacting positively to some quarterly earnings updates from a few major European and U.S. companies, and dovish comments from Bank of England Governor Andrew Bailey. Data showing weak private sector activity in the Eurozone and the U.K. weighed a bit and limited markets upside....
The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday, as investors are awaiting the outcome of the U.S. presidential election on Sunday. On Thursday, uncertainty over the U.S. election outcome weighed on the tech sector. Teslas forecast-beating earnings provided some comfort...
Chinas central bank left the rate on medium-term lending facility unchanged on Friday after lowering the rate by 30 basis points last month. The Peoples Bank of China maintained the medium-term lending facility rate at 2.0 percent. The central bank today conducted a seven-day reverse repo operations of CNY 292.6 billion at an interest rate...
Inflation in Japans capital Tokyo fell below 2 percent for the first time since May, data from the Ministry of Internal Affairs and Communications showed Friday. Excluding fresh food, consumer price inflation weakened to 1.8 percent in October from 2.0 percent in September. Inflation was seen at 1.7 percent. The rate fell below 2.0 percent...
German business confidence improved for the first time in five months in October but remained at a low level suggesting weaker economic activity, survey results from the ifo Institute showed Friday. The business climate index climbed to 86.5 in October from 85.4 in the previous month. The score was forecast to rise to 85.6. This...