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South Korea Industrial Output Slips 1.3% In July
Industrial production in South Korea was down a seasonally adjusted 1.3 percent on month in July, Statistics Korea said on Wednesday.
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1472 days ago
New Zealand Building Permits Jump 5.0% In July
The total number of building permits issued in New Zealand was up a seasonally adjusted 5.0 percent on month in July, Statistics New Zealand said on Wednesday - coming in at 4,100.
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1472 days ago
KOSPI Predicted To Remain Rangebound On Wednesday
The South Korea stock market bounced higher again on Tuesday, one day after ending the three-day winning streak in which it had collected more than 45 points or 1.9 percent. The KOSPI now rests just above the 2,450-point plateau although it's likely to head south again on Wednesday.
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1472 days ago
Japan Industrial Production Data Due On Wednesday
Japan will on Wednesday release July figures for industrial production, retail sales and housing starts, highlighting a busy day for Asia-Pacific economic activity. In June, output was up 8.9 percent on month and down 2.8 percent on year, while retail sales fell 1.4 percent on month and rose 1.5 percent on year. Housing starts are tipped to fall 4.1 percent on year after shedding 2.2 percent in June.
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1472 days ago
U.S. Dollar Little Changed Amid Lackluster Trading
The value of the U.S. dollar has shown a lack of direction over the course of trading on Tuesday, extending the lackluster performance seen in the previous session.
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1472 days ago
German Inflation Climbs Back To 7.9% As ECB Readies Next Hike
Germany's consumer price inflation accelerated more-than-expected in August, after easing in the previous two months, to its highest level in almost half a century as the European Central Bank policymakers prepare to deliver at least a 50 basis points hike in interest rates next week.
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1472 days ago
U.S. Consumer Confidence Rebounds More Than Expected In August
After reporting decreases in U.S. consumer confidence for three straights months, the Conference Board released a report on Tuesday showing consumer confidence rebounded by more than expected in the month of August.
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1472 days ago
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Australian, NZ Dollars Climb Amid Risk Appetite
The Australian and NZ dollars strengthened against their major counterparts in the European session on Tuesday, as European shares rose and China promised more stimulus measures to support the economy.
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1472 days ago
Walmart Unveils 2022 Top Toy List For Holiday Season Shopping
Retail giant Walmart on Tuesday unveiled its highly anticipated 2022 Top Toy List to help families plan ahead and save on their wish lists this holiday season, featuring more toys than ever for kids of all ages and a wide range of prices.
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1472 days ago
Baidu Swings To Profit In Q2, But Revenue Down 5%
Chinese Internet company Baidu.com reported Tuesday a profit for the second quarter compared to a loss last year, which was weighed down by a hefty fair value loss from long-term investments. The company said it continued to optimize costs and enhance operational efficiency.
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1472 days ago
AstraZeneca's Evusheld Approved In Japan For Prevention And Treatment Of SARS-CoV-2 Infection
British drug major AstraZeneca Plc. (AZN.L, AZN) announced Tuesday that its Evusheld (tixagevimab and cilgavimab, formerly AZD7442), a long-acting antibody combination, has been approved in Japan for both prevention (pre-exposure prophylaxis) and treatment of symptomatic disease caused by SARS-CoV-2 infection.
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1472 days ago
NextEra Energy Announces Settlement Rate For Corporate Units
NextEra Energy, Inc. (NEE) announced Tuesday the settlement rate for the stock purchase contracts that are components of corporate units (NEE PRO) that it issued in September 2019. Holders of the corporate units will receive 0.7212 shares of NextEra Energy common stock for each stock purchase contract that they hold, with cash to be paid in lieu of any fractional shares.
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1472 days ago
Best Buy Slashes FY23 Comp Sales Outlook - Update
While reporting financial results for the second quarter on Thursday, electronics retailer Best Buy Co., Inc. (BBY) slashed its comparable sales growth guidance for the full-year 2023 and provided comparable sales growth outlook for the third quarter.
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1472 days ago
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