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UK Jobless Rate Falls; Wage Growth Remains Strong
The UK unemployment rate fell to the lowest since the middle of 2021 but the wage growth remained strong in three months to April, adding weight to the view that the next Bank of England interest rate cut will be in August. The unemployment rate rose to 4.4 percent in the three months to April from 4.3 percent in three months to March, the Office for National Statistics reported.
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FMC Appoints Chairman Pierre Brondeau To Addl. Role Of CEO To Succeed Mark Douglas
Agricultural sciences company FMC Corp. (FMC) announced Tuesday that its Board of Directors has appointed Pierre Brondeau as chief executive officer, in addition to his role as board chairman. He succeeds current president and CEO Mark Douglas, who has stepped down following more than 14 years with the company.
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BJ's Wholesale Expands Same-day Delivery Service To Include Big-ticket Items
BJ's Wholesale Club (BJ), a leading operator of membership warehouse clubs, announced Tuesday an expansion of its popular same-day delivery service to include big-ticket items.
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Sensex, Nifty End Little Changed Ahead Of Fed Meeting
Indian shares ended a choppy session on a flat note Tuesday as investors awaited Wednesday's U.S. consumer price data and the Federal Reserve interest-rate decision for directional cues.
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European Shares Flat To Lower Ahead Of US Inflation Data, Fed Meeting
European stocks were subdued on Tuesday as investor focus shifted to Wednesday's U.S. consumer price data and the Federal Reserve interest-rate decision.
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ADM Animal Nutrition Expands Recall Of Feed Products
ADM Animal Nutrition, affiliated to food processing company Archer-Daniels-Midland Co. or ADM, has expanded its recall to include additional lots of various feed products citing elevated levels of magnesium, sodium, calcium, chloride and/or phosphorus. These elevated levels may harm cattle, chickens, equine, goats, lambs, llamas, rabbits, sheep and swine.
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FTSE 100 Declines After Mixed Employment Data
U.K. stocks edged lower on Tuesday as the latest employment data painted a mixed picture of the economy.
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CAC 40 Rebounds As Bonds Stabilize
French stocks rebounded on Tuesday after suffering heavy losses in the previous session following President Emmanuel Macron's decision to call a snap national election in response to the recent surge of far-right success in the European Union elections.
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DAX Little Changed As Euro Steadies After Selloff
German stocks were little changed on Tuesday as investor focus shifted to Wednesday's U.S. consumer price data and the Federal Reserve interest-rate decision.
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Asian Shares Mostly Lower On EU Political Uncertainty, Rate Concerns
Asian stocks ended mostly lower on Tuesday as gains by far-right in voting for the European Parliament added uncertainty to EU's political landscape and investors awaited key U.S. inflation data and the outcome of the Federal Reserve's policy meeting.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the European session on Tuesday.
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Australia Business Sentiment Turns Negative In May: NAB
Australia business confidence turned negative in May underscoring that the economic activity continued to remain subdued into the second quarter, survey results from NAB showed on Tuesday. The business confidence index dropped to -3 in May from +2 in April.
At -6, the forward orders index remained deep in the negative zone.
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Pound Rises Against Majors
The British pound strengthened against most major currencies in the Asian session on Tuesday.
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