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German Industrial Production Recovers In January

German Industrial Production Recovers In January

Germany's industrial production rebounded at a faster than expected pace in January driven by intermediate and consumer goods output, figures from Destatis showed on Friday. Industrial production posted a monthly growth of 1.0 percent, in contrast to the 2.0 percent fall in December. Output was expected to climb 0.6 percent.
RTTNews | 938 hari yang lalu
Rivian Unveils R2 SUV; To Save $2.25 Bln With Delay In Georgia Plant

Rivian Unveils R2 SUV; To Save $2.25 Bln With Delay In Georgia Plant

Electric vehicle maker Rivian Automotive, Inc. announced the launch of new EV models, including the much awaited R2 electric sport-utility vehicle or SUV, with a view to tackling slowing vehicle demand and heightened competition in the EV industry. As part of its efforts to preserve cash to produce more affordable vehicles, the company also announced a delay in the construction of its planned $5
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Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the European session on Friday.
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European Shares Recover After Early Slide

European Shares Recover After Early Slide

European stocks struggled for direction on Friday as market focus shifted to Eurozone Q4 GDP data and the all-important February U.S. jobs report due later in the day.
RTTNews | 938 hari yang lalu
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CAC 40 Little Changed In Lackluster Trade

CAC 40 Little Changed In Lackluster Trade

French stocks were little changed in cautious trade on Friday as investors awaited the all-important U.S. jobs report later in the day that could help shape investor expectations on interest rate cuts.
RTTNews | 938 hari yang lalu
CPSC Recalls: Snowmobiles, Bicycles, Coolers, Kids' Pants, Bracelets, Mattresses, Magnetic Balls

CPSC Recalls: Snowmobiles, Bicycles, Coolers, Kids' Pants, Bracelets, Mattresses, Magnetic Balls

The U.S. Consumer Product Safety Commission or CPSC has announced recalls including snowmobiles, LaBomba bicycles, Coolers, pants sets, Fossil Bracelets, crib mattresses, and magnetic ball sets citing various reasons. The recall involves about 2,700 units of Textron Specialized Vehicles' Arctic Cat Catalyst 600 Snowmobiles for injury risk; about 3,040 units of GT Bicycles LLC's LaBomba Bicycles
RTTNews | 938 hari yang lalu
U.S. Dollar Extends Fall Amid Rate Cut Fears

U.S. Dollar Extends Fall Amid Rate Cut Fears

The U.S. dollar continued its early weakness against other major currencies in the Asian session on Friday amid rising fears among traders that the U.S. Fed Reserve is likely to cut its interest rates this year.
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European Shares Seen Opening Up; US Jobs Data Eyed

European Shares Seen Opening Up; US Jobs Data Eyed

European stocks may see modest gains at open on Friday after Federal Reserve Chair Jerome Powell said the U.S. central bank is getting close to the confidence it needs to start lowering interest rates.
RTTNews | 938 hari yang lalu

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