Bernard Bernie Marcus, who co-founded retail chain the Home Depot Inc., has died, aged 95. The Billionaire, said to be a major donor to Republican politicians and a supporter of Donald Trump, breathed his last on the U.S. Election day. In a statement announcing the news, the company, which is now mainly owned by institutional...
Germanys factory orders rebounded at a faster than expected pace in September on robust demand for aircraft, ships, trains and military vehicles, data from Destatis showed on Wednesday. Factory orders advanced 4.2 percent on a monthly basis in September, in contrast to the revised 5.4 percent decline in August. Economists had forecast orders to grow...
Indian shares posted strong gains on Wednesday, with firm global cues boosting sentiment after U.S. Republican Donald Trump claimed victory in the 2024 presidential contest. Trump is on course to return to power in the United States winning 266 electoral votes. He is leading in key battleground states, and just four seats short of majority,...
Shares of BMW Group were losing around 5 percent in the morning trade on Germanys XETRA after the luxury auto major reported Wednesday sharply lower profit and revenues for its third quarter with weak volume in all regions, mainly in China. Further, BMW Group confirmed its recently adjusted fiscal 2024 guidance. According to the firm,...
The UK construction sector growth slowed notably in October but overall industry activity remained solid on civil engineering work, survey results from S&P Global showed on Wednesday. The construction Purchasing Managers Index posted 54.3 in October, down from 57.2 in September. The index signaled expansion for the eighth consecutive month. Civil engineering was the best-performing...
Spains services industry grew for the fourteenth month in a row in October led by strong improvement in sales and demand and firms increased hiring markedly in response to better business, results of the purchasing managers survey by S&P Global showed on Wednesday. The HCOB services purchasing managers index came in at 54.9 in October,...
Australia posted a merchandise trade surplus of A$4.609 billion in September, the Australian Bureau of Statistics said on Friday. That missed forecasts for a surplus of A$5.240 billion and was down from A$5.284 billion in August. Exports were down 4.3 percent on month to A$40.827 billion after easing 0.2 percent in the previous month. Imports...
The total number of building approvals issued in September was up a seasonally adjusted 4.4 percent on month, the Australian Bureau of Statistics said on Friday - coming in at 14,842. That was in line with expectations following the 3.9 percent drop in August. On a yearly basis, overall approvals climbed 6.8 percent. Private sector...
The China stock market on Wednesday ended the two-day winning streak in which it had spiked more than 110 points or 3.3 percent. The Shanghai Composite now sits just beneath the 3,385-point plateau although its expected to bounce higher again on Thursday. The global forecast for the Asian markets is upbeat following a clear result...
The Hong Kong stock market on Wednesday snapped the three-day winning streak in which it had surged almost 700 points or 3.4 percent. The Hang Seng Index now sits just above the 20,530-point plateau and its got a positive lead again for Thursdays trade. The global forecast for the Asian markets is upbeat following a...