Walgreens announced its plan to close around 1,200 U.S stores over the next three years, including around 500 closures in fiscal 2025, as the drug store chain is facing a challenging U.S. retail environment amid increasing competition. The move, which was announced while reporting a significantly wider net loss in its fourth quarter, is expected...
The Taiwan stock market on Wednesday halted the four-day winning streak in which it had surged more than 680 points or 3.2 percent. The Taiwan Stock Exchange now rests just above the 23,000-point plateau although its expected to open in the green on Thursday. The global forecast for the Asian markets suggests mild upside on...
The unemployment rate in Australia came in at a seasonally adjusted 4.1 percent in September, the Australian Bureau of Statistics said on Thursday. That was below estimates for 4.2 percent, which would have been unchanged from the August reading. The Australian economy added 64,100 jobs last month, blowing away forecasts for an increase of 25,200...
The Hong Kong stock market has moved lower in three straight sessions, stumbling almost 880 points or 4.2 percent along the way. The Hang Seng Index now sits just shy of the 20,290-point plateau although its due for support on Thursday. The global forecast for the Asian markets suggests mild upside on optimism ahead of...
The Indonesia stock market has tracked higher in four straight sessions, climbing more than 160 points or 2.2 percent along the way. The Jakarta Composite Index now rests just beneath the 7,650-point plateau and it may add to its winnings again on Thursday. The global forecast for the Asian markets suggests mild upside on optimism...
The Thai stock market bounced higher again on Wednesday, one day after ending the four-day winning streak in which it had improved almost 20 points or 1.4 percent. The Stock Exchange of Thailand now rests just above the 1,485-point plateau and its expected to open to the upside again on Thursday. The global forecast for...
Indian shares look set to open on a tepid note Tuesday after government data showed retail inflation in the country rose to a nine-month high of 5.49 percent in September, due to higher food prices. That marks a significant increase from 3.65 percent in August. Meanwhile, Reliance Industries reported a decline in profits for the...
Indian shares were modestly higher on Tuesday after major U.S. indexes rallied to new records overnight on relief that interest rates are finally heading back down and that the economy is on a solid footing. The benchmark S&P/BSE Sensex was up 222 points, or 0.3 percent, at 82,195 in early trade while the broader NSE...
The Canadian dollar weakened against other major currencies in the Asian session on Tuesday. The Canadian dollar fell to nearly a 2-1/2-month low of 1.3807 against the U.S. dollar, from yesterdays closing value of 1.3795. Against the yen, the euro and the Australian dollar, the loonie dropped to 108.31, 1.5057 and 0.9288 from Mondays closing...
The British pound strengthened against most major currencies in the European session on Tuesday, after data showed that the nations unemployment rate fell slightly in three months to August, while it was forecast to remain unchanged. Data from the Office for National Statistics showed that the U.K. unemployment rate fell slightly to 4.0 percent in...