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UK Private Sector Downturn Worsens On Weak Services Activity
The UK's private sector economy contracted notably in October, largely led by the deterioration in the services sector, flash survey data from S&P Global showed Monday. The Chartered Institute of Procurement & Supply Composite purchasing managers' index, or PMI, which combines manufacturing and services, dropped to a twenty one-month low of 47.2 from 49.1 in September.
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1418 days ago
Reunion Neuroscience Appoints Edward Smith To Succeed Donna Wong As CFO
Biopharmaceutical company Reunion Neuroscience Inc. (REUN, REUN.TO) announced Monday that it has appointed Edward Smith as the Company's Chief Financial Officer, effective immediately
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1418 days ago
SSR Mining To Acquire Addl. 30% Ownership In Kartaltepe Mining JV From Lidya Mining For $150 Mln
SSR Mining Inc. (SSRM, SSRM.TO, SSR.AX) announced Monday that it has reached an agreement to acquire an additional 30% ownership interest in the Kartaltepe Mining Joint Venture at the ??pler District from partner Lidya Mining for total consideration of $150 million in cash.
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1418 days ago
Community Bank System Q3 Profit Rises, Meets View
Community Bank System Inc. (CBU) reported Monday that its third quarter net income increased to $48.69 million or $0.90 per share from $45.34 million or $0.83 per share in the prior-year quarter. Excluding item, operating earnings were also $0.90 per share.
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1418 days ago
Eurozone Private Sector Slips Into Deep Downturn
The euro area private activity slipped into a deep downturn in October as both manufacturing and services sectors contracted at faster rates, flash survey results from S&P Global showed Monday. The S&P Global composite output index fell to a 23-month low of 47.1 in October from 48.1 in the previous month. The reading was also below economists' forecast of 47.5.
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1418 days ago
European Shares Mixed As Investors React To Weak PMI Reports
European stocks were mostly higher on Monday amid hopes for a Fed pause in policy tightening.
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1418 days ago
Euro Mixed After Eurozone PMI Data
The euro traded mixed against its major counterparts in the European session on Monday, following the release of private sector survey results from the euro area.
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1418 days ago
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FTSE 100 Slips Into Red With Leadership Contest In Focus
U.K. stocks slipped into the red on Monday, as former chancellor Rishi Sunak closed in on becoming the new prime minister after the withdrawal of Boris Johnson from the Tory leadership race on Sunday night.
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1418 days ago
CAC 40 Edges Higher On Hopes Of Easing Fed Policy
French stocks were seeing modest gains on Monday amid hopes that the U.S. Federal Reserve could slow its pace of interest rate hikes early next year.
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1418 days ago
DAX Edges Higher In Cautious Trade
German stocks rose on Monday, though the upside remained capped after a survey showed the country's economic downturn deepened in October as a result of higher energy costs.
The flash S&P Global composite purchasing managers' index slipped to 44.1 from 45.7 in September, the lowest since May 2020, when the country was under a COVID lockdown. The flash services PMI fell to 44.9 from 45.0.
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1418 days ago
Philips Posts Q3 Loss, Warns On Q4 Sales; Cuts Around 4,000 Jobs
Shares of Philips Electronics NV were losing around 3 percent in the morning trading in Amsterdam as well as in pre-market activity on the NYSE after the Dutch consumer electronics giant reported a loss in its third quarter, compared to prior year's profit, with weak orders. Looking ahead for the fourth quarter, Philips expects a mid-single-digit comparable sales decline.
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1418 days ago
Asian Shares Mixed As China's Xi Begins 3rd Term
Asian markets ended mixed on Monday, with Chinese and Hong Kong stocks suffering heavy losses, as China's Communist Party ended its 20th National Congress over the weekend with no signs of a significant change in the zero-COVID policy that has crimped business and trade.
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1418 days ago
Euro Little Changed After Eurozone PMI Data
At 4.00 am ET Monday, Eurozone S&P flash PMI survey results have been released. The euro changed little against its major rivals after the data.
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1418 days ago
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