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ChipMOS Technologies February Revenues Down 31.5% Year-over-year

Semiconductor company ChipMOS Technologies Inc. (IMOS) reported Friday that revenue for the month of February declined 31.5 percent to NT$1.44 billion or $46.8 million from NT$2.10 billion or $68.3 million in the prior-year quarter. It also increased 8.1 percent sequentially from January.
RTTNews | 1284 days ago
BoJ Leaves Policy Stance Unchanged At Kuroda's Final Meeting

BoJ Leaves Policy Stance Unchanged At Kuroda's Final Meeting

Bank of Japan left its ultra-loose monetary policy stance unchanged on Friday in the final meeting led by Governor Haruhiko Kuroda, thus passing the baton to Kazuo Ueda who was just confirmed by the Japanese parliament Diet as his successor. The decision was in line with economists' view as policymakers were widely expected to maintain status quo in the last meeting of Kuroda's decade-long term.
RTTNews | 1284 days ago
Sensex, Nifty End Off Day's Lows

Sensex, Nifty End Off Day's Lows

Indian shares joined a global sell-off on Friday as investors assessed the potential fallout from the implosions of Silicon Valley Bank and Silvergate Capital.
RTTNews | 1284 days ago
Pound Firms As U.K. GDP Beats Estimates

Pound Firms As U.K. GDP Beats Estimates

The pound advanced against its major counterparts in early European deals on Friday, as better-than-expected U.K. GDP data diminishing the likelihood of a recession in the first quarter.
RTTNews | 1284 days ago
CAC 40 Tumbles Ahead Of US Jobs Data

CAC 40 Tumbles Ahead Of US Jobs Data

French stocks fell sharply on Friday as investors waited for U.S. labor market data due later in the day that could have significant implications on the Federal Reserve's rate outlook.
RTTNews | 1284 days ago
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DAX Tumbles As Banks Drag On Contagion Fears

DAX Tumbles As Banks Drag On Contagion Fears

German stocks plunged on Friday, as banks suffered heavy losses on concerns over the collapse of pro-crypto Silvergate bank coupled with the hawkish stance taken by the U.S. Federal Reserve.
RTTNews | 1284 days ago
Asian Shares Plunge Amid US Bank Jitters, Fed Anxiety

Asian Shares Plunge Amid US Bank Jitters, Fed Anxiety

Asian stocks tumbled on Friday amid concerns about the health of the U.S. banking sector and anxiety ahead of the all-important U.S. jobs data due later in the day that could set the tone for the U.S. rates outlook.
RTTNews | 1284 days ago
GM Offers Buyouts To Employees; Sees $1.5 Bln Charges

GM Offers Buyouts To Employees; Sees $1.5 Bln Charges

Automaker General Motors Co. announced a voluntary separation program for its employees in an effort to accelerate the normal attrition process and the resulting cost savings. The move is part of its efforts to cut $2 billion in structural costs over the next two years. In a regulatory filing, the company said it expects to take a pretax charge of up to $1.5 billion related to the buyouts.
RTTNews | 1284 days ago
Yen Falls As BOJ Kept Policy Unchanged

Yen Falls As BOJ Kept Policy Unchanged

The Japanese yen weakened against other major currencies in the early Asian session on Friday, after the Bank of Japan kept its benchmark lending rate unchanged as widely expected.
RTTNews | 1284 days ago
European Shares May Succumb To Broader Selloff On US Bank Jitters

European Shares May Succumb To Broader Selloff On US Bank Jitters

European shares may come under heavy selling pressure on Friday, as investors fret about the impact of prolonged high interest rates on growth and the potential fallout from the implosions of Silicon Valley Bank and Silvergate Capital.
RTTNews | 1284 days ago
Sandoz Recalls Aprepitant Capsules, Lidocaine And Prilocaine Cream

Sandoz Recalls Aprepitant Capsules, Lidocaine And Prilocaine Cream

Sandoz, the generics and biosimilars division of Swiss drug major Novartis AG, is recalling about 156,750 units of Aprepitant capsules and Lidocaine and Prilocaine cream prescription drugs, the U.S. Consumer Product Safety Commission said. The recall was due to risk of poisoning to childern for failure to meet child resistant packaging requirement.
RTTNews | 1284 days ago

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