Magna Int'l Q4 Profit Surges, But Misses Estimates; Guides FY24 Sales In Line

Magna Q4 Profit Misses Estimates; Sees Growth In FY23, FY25

Canadian auto parts maker Magna International Inc. reported Friday a sharp drop in fourth-quarter profit, below market estimates, while top line increased and beat the Wall Street view. Looking ahead, the company projects higher profit and sales for fiscal 2023, and higher sales for fiscal 2025.

RTTNews | 1329 hari yang lalu

Mild Upside Seen For South Korea Shares

The South Korea stock market on Thursday ended the three-day losing streak in which it had stumbled more than 240 points or 3.5 percent. The KOSPI now sits just beneath the 6,920-point plateau and it may tick higher again on Friday.

RTTNews | 8 menit yang lalu

South Korea Inflation Data Due On Friday

South Korea will on Friday release September figures for consumer prices, highlighting a light day for Asia-Pacific economic activity. Inflation is expected to rise 0.4 percent on month and 2.9 percent on year after adding 0.2 percent on month and 3.1 percent on year in August.

RTTNews | 1 jam 8 menit yang lalu

TSX Remains In Negative Territory; Tech, Energy Stocks Climb Higher

Canadian stocks languish in negative territory on Thursday, tracking a sell-off in global markets due to rising oil prices and elevated bond yields.

RTTNews | 4 jam 33 menit yang lalu

Swiss Market Ends Sharply Lower

The Switzerland market ended sharply lower on Thursday, like most of the markets across Europe, as higher bond yields and rising oil prices continued to hurt sentiment, prompting investors to exit counters. Data showing an acceleration in Swiss consumer price inflation in September hurt as well.

RTTNews | 5 jam 7 menit yang lalu

European Markets Slide To Multi-Month Lows Amid Energy, Yield Surge

European equities declined sharply Thursday amid rising oil prices and bond yields. The FTSE 100 fell 1.68%, DAX dropped over 1%, and CAC 40 lost 1.6%. Brent crude climbed to $101.50, up 3.5%. Regional inflation concerns raised monetary tightening prospects.

RTTNews | 5 jam 33 menit yang lalu

U.S. Construction Spending Unexpectedly Increases In August

A report released by the Commerce Department on Thursday showed an unexpected increase in U.S. construction spending in the month of August. The Commerce Department said construction spending climbed by 0.9 percent to an annual rate of $2.203 trillion in August after edging down by 0.1 percent to a revised rate of $2.185 trillion in July.

RTTNews | 8 jam 9 menit yang lalu

U.S. Manufacturing Index Edges Lower In September But Still Indicates Growth

Manufacturing activity in the U.S. expanded for the ninth consecutive month in September, according to a report released by the Institute for Supply Management on Thursday. The ISM said its manufacturing PMI edged down to 54.5 in September from 54.6 in August, but a reading above 50 still indicates growth. Economists had expected the index to inch up to 55.0.

RTTNews | 8 jam 15 menit yang lalu

EURUSD	1.12438	GBPUSD	1.31963
USDJPY	158.026	USDCAD	1.42237