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German Industrial Output Falls Further, Construction Activity Downturn Deepens

German Industrial Output Falls Further, Construction Activity Downturn Deepens

Germany's industrial production declined for the fourth straight month in September and the downturn in construction deepened further, reinforcing fears of a recession at the end of the year. pIndustrial output registered a monthly fall of 1.4 percent, faster than the revised 0.1 percent drop in August, data published by Destatis revealed on Tuesday. This was the fourth consecutive decline.
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Bay Street Likely To Open Lower

Bay Street Likely To Open Lower

Canadian shares are likely to open weak on Tuesday, tracking subdued European stocks, and falling commodity prices. With the focus on the upcoming speeches by Federal Reserve Chair Jerome Powell, and officials from European and U.K. central banks, the mood is likely to remain cautious.
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HireRight Q3 Results Top Estimates; Maintains FY23 Outlook

HireRight Q3 Results Top Estimates; Maintains FY23 Outlook

HireRight Holdings Corp. (HRT) reported Tuesday a net loss for the third quarter of $1.7 million or $0.02 per share, compared to net income of $93.3 million or $1.17 per share in the prior-year quarter.
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RBA Hikes Key Rate To 12-Year High

RBA Hikes Key Rate To 12-Year High

Australia's central bank raised its benchmark rate by a quarter-point to a 12-year high, ending a four-session long pause, as inflation is likely to be more persistent than estimated though policymakers suggested that any further tightening is off the table. The policy board of the Reserve Bank of Australia, headed by Governor Michele Bullock, decided to lift the cash rate target by 25 basis poin
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Zimmer Biomet Trims FY23 Revenue Growth Outlook - Update

Zimmer Biomet Trims FY23 Revenue Growth Outlook - Update

While reporting financial results for the third quarter on Tuesday, medical technology firm Zimmer Biomet Holdings Inc. (ZBH) reaffirmed its adjusted earnings outlook for the full-year 2023, while trimming annual revenue growth guidance.
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GEO Group Q3 Revenues Top Estimates; Backs FY23 Revenue Outlook

GEO Group Q3 Revenues Top Estimates; Backs FY23 Revenue Outlook

The GEO Group, Inc. (GEO) reported Tuesday that net income attributable to the company for the third quarter declined to $24.52 million or $0.16 per share from $38.34 million or $0.26 per share in the prior-year quarter.
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SoftBank-backed WeWork Files For Bankruptcy

SoftBank-backed WeWork Files For Bankruptcy

Flexible space provider WeWork, which is backed by Japanese technology major SoftBank Group, filed for Chapter 11 bankruptcy protection. The company, which was once valued at $47 billion, has entered into restructuring support agreement with its key financial stakeholders, with a view to drastically reducing its existing funded debt.
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UBS Posts Q3 Loss On Credit Suisse Integration; Stock Up On Underlying Profit

UBS Posts Q3 Loss On Credit Suisse Integration; Stock Up On Underlying Profit

Swiss banking major UBS Group AG reported Tuesday a loss in its third quarter, compared to prior year's profit, reflecting the integration of Credit Suisse. However, the company recorded an underlying profit in the first full quarter since acquisition, and revenues climbed from last year with good growth in all segments. UBS shares were gaining more than 3 percent in the morning trading in Switzer
RTTNews | 1057 hari yang lalu

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