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Twitter Slips To Loss In Q2; Results Miss Estimates

Social media giant Twitter Inc. reported Friday a net loss for the second quarter compared to a profit last year, hurt by a decline in revenues and a surge in costs and expenses. The results also missed analysts' expectations.
RTTNews | 1510 days ago
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are seen opening on a mixed note Friday morning, reacting to retail sales data and tracking commodity prices and slightly higher European stocks.
RTTNews | 1510 days ago
UK Private Sector Growth At 17-Month Low

UK Private Sector Growth At 17-Month Low

The UK private sector activity expanded at the weakest pace in nearly one-and-a-half years in July, primarily due to weaker demand conditions and ongoing capacity constraints, flash survey results from S&P Global showed on Friday. The Chartered Institute of Procurement & Supply flash composite output index dropped to 52.8 in July from 53.7 in June. The index was forecast to fall to 52.5.
RTTNews | 1510 days ago
Russia Slashes Key Interest Rate By 150 Bps

Russia Slashes Key Interest Rate By 150 Bps

Russia's central bank slashed its key interest rate by 150 basis points and signaled further reductions this year as companies need cheaper funding in the face of challenging external environment. The Board of Directors of Bank of Russia decided to cut the benchmark rate by a sharper-than-expected 150 basis points to 8.00 percent from 9.50 percent.
RTTNews | 1510 days ago
Euro Falls Amid Weak German, Eurozone PMI Data

Euro Falls Amid Weak German, Eurozone PMI Data

The euro was lower against its major rivals in the European session on Friday, following a data showing a contraction in business activity in Germany and the euro area, sparking fears about an economic downturn in the currency bloc.
RTTNews | 1510 days ago
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European Shares Edge Higher Despite Weak Data

European Shares Edge Higher Despite Weak Data

European stocks were seeing modest gains on Friday despite Snap Inc posting disappointing second-quarter results and the latest PMI survey data suggesting slowing growth in the Eurozone.
RTTNews | 1511 days ago
DAX Little Changed As Weak Data Stokes Growth Worries

DAX Little Changed As Weak Data Stokes Growth Worries

German stocks were little changed on Friday after U.S. social media group Snap blamed tough macroeconomic conditions for bleak results and new survey results showed Germany's private sector activity deteriorated more-than-expected in July.
RTTNews | 1511 days ago

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