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South Korea Industrial Output Rises 0.1% In May
Industrial production in South Korea was up a seasonally adjusted 0.1 percent on month in May, Statistics Korea said on Thursday.
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1533 days ago
South Korea Bourse Likely To Be Rangebound On Thursday
The South Korea stock market on Wednesday ended the three-day winning streak in which it had soared more than 105 points or 4.3 percent. The KOSPI now rests just above the 2,375-point plateau and it may remain stuck in neutral on Thursday.
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1533 days ago
Japan Industrial Production Data Due On Thursday
Japan will on Thursday release preliminary May figures for industrial production, housing starts and construction orders, highlighting a busy day for Asia-Pacific economic activity.
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1533 days ago
TSX Ends Notably Lower; Energy, Technology Stocks Among Major Losers
The Canadian market ended notably lower on Wednesday after languishing in the red almost the entire duration of the trading session, as worries about tighter policy and possibility of a recession rendered the mood quite bearish.
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1533 days ago
Dollar Surges Higher Against Major Rivals
The U.S. dollar firmed against its major counterparts on Wednesday as falling risk sentiment pushed up the demand for the safe-haven currency.
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1533 days ago
Canadian Market Notably Lower, Set To End On Weak Note
The Canadian market, which slipped after edging up marginally Wednesday morning, continues to languish in negative territory around late afternoon with stocks from several sectors reeling under sustained selling pressure.
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1533 days ago
Swiss Market Ends Slightly Up
The Switzerland stock market ended with a slender gain on Wednesday, edging up in the closing minutes after languishing in the red till then amid fears over a possible recession.
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1533 days ago
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U.S. Dollar Higher After Powell's Comments
The U.S. dollar appreciated against its most major rivals in the New York session on Wednesday, as risk sentiment dampened after Fed Chair Jerome Powell warned of an economic downturn in the wake of the central bank's monetary policy tightening to control inflation.
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1533 days ago
European Stocks Close Lower On Recession Fears
European stocks ended notably lower on Wednesday as fears about a possible recession rendered the mood bearish.
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1533 days ago
German Inflation Unexpectedly Eases From Record High
Germany's consumer price inflation unexpectedly slowed in June from a record high as the government took measures to reduce the burden of soaring energy prices on households and to reduce fuel consumption, after gas prices surged across Europe following the war in Ukraine.
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1533 days ago
FTC Sues Walmart For Facilitating Money Transfer Fraud
The Federal Trade Commission or FTC, has sued Walmart for allowing its money transfer services to be used by fraudsters, who fleeced consumers out of hundreds of millions of dollars. The retail giant is alleged to have looked the other way to pocket millions in fees while scammers took advantage of its failure to properly secure the money transfer services offered at Walmart stores.
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1533 days ago
U.S. Economy Shrinks Slightly More Than Previously Estimated In First Quarter
Revised data released by the Commerce Department on Wednesday showed U.S. economic activity shrank by slightly more than previously estimated in the first quarter of 2022. The report showed the decrease in real gross domestic product in the first quarter was revised to 1.6 percent from the previously reported 1.5 percent.
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1533 days ago
UniFirst Slashes FY22 Earnings Outlook As Q3 Adj. EPS Misses Estimates
While reporting financial results for the third quarter on Wednesday, UniFirst Corp. (UNF) slashed its earnings and adjusted earnings outlook for the full-year 2022, while raising annual revenue outlook.
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1533 days ago
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