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Court Rejects J&J Bankruptcy Petition To End Talc Cancer Lawsuits
A U.S. appeals court has rejected Johnson & Johnson's bankruptcy move, saying that it can't escape from nearly 40,000 lawsuits filed by women who claimed to have developed ovarian cancer after using its asbestos contained talcum powder products. J&J, which already withdrew its talc-based baby powder, is now required to defend itself against these thousands of ovarian cancer claims.
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European Shares Extend Losses Ahead Of Fed Meeting
European stocks declined on Tuesday as investors awaited the Federal Reserve's rate decision due Wednesday and the accompany statement for clues about the outlook for further rate hikes.
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Před 820 dny
FTSE 100 Edges Lower As IMF Slashes Growth Outlook
U.K. stocks opened lower on Tuesday after the International Monetary Fund (IMF) said the British economy will shrink by 0.6 percent in 2023, rather than grow slightly as previously predicted, reflecting high energy prices and factors such as high inflation.
The benchmark FTSE 100 was down 45 points, or 0.6 percent, at 7,740 after gaining 0.3 percent in the previous session.
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Před 820 dny
CAC 40 Retreats On Growth Concerns
French stocks slipped into the red on Tuesday as investors awaited cues from a slew of central bank meetings and key U.S. tech earnings.
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Před 820 dny
DAX Dips On Disappointing Economic Data
German stocks were moving lower on Tuesday on the back of disappointing economic data releases.
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Před 820 dny
Asian Shares End Lower Ahead Of Fed Meeting
Asian stocks fell on Tuesday despite stronger purchasing managers' index data from China. As recession worries mount, investors awaited a slew of central bank decisions this week for direction.
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Před 820 dny
German Import Price Inflation At 19-Month Low On Easing Energy Costs
Germany's import price inflation eased less-than-expected in December to the lowest level in just over one-and-a-half years amid a continued slowdown in the energy prices, data published by Destatis revealed on Tuesday. Import prices logged a double-digit annual growth of 12.6 percent in December, slower than the 14.5 percent surge in November.
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more news
Swiss Retail Sales Fall Most In 8 Months
Swtizerland's retail sales decreased for a third month in row in December, and at the fastest pace since April, despite Christmas holidays as households cut back on spending amid high inflation, preliminary data from the Federal Statistical Office showed Tuesday. Total retail sales decreased 2.8 percent year-on-year following a revised 1.4 percent slump in November.
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Před 820 dny
Germany Retail Sales Fall Sharply In December
Germany's retail sales declined sharply in December suggesting weak consumer spending even during the Christmas season, data published by Destatis revealed Tuesday. Retail sales plunged 6.4 percent in December from the last year, much faster than economists' forecast of -1.8 percent.
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Před 820 dny
France GDP Growth Slows To 0.1% On Weaker Consumption
French economic expansion slowed in the fourth quarter of 2022, in line with economists' expectations, on the back of a slump in domestic demand that was led by a steep fall in household consumption and weaker investments, which was partially offset by trade, preliminary data from the statistical office INSEE showed Tuesday. Gross domestic product, or GDP, grew 0.1 percent quarter-on-quarter.
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Před 820 dny
IMF Raises Global Growth Forecast On China Reopening
Despite the global fight against inflation and the war in Ukraine, the International Monetary Fund upgraded its world economic growth projections as the full reopening of China is set to safeguard the recovery. The global growth outlook for 2023 was revised up by 0.2 percentage points to 2.9 percent, the IMF said in its World Economic Outlook Update, released Tuesday.
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Před 820 dny
European Economic News Preview: Eurozone GDP Data Due
Flash quarterly national accounts from the euro area and other major European economies are due on Tuesday, headlining a hectic day for the European economic news. At 1.30 am ET, France's statistical office Insee is scheduled to issue flash GDP and household spending data. The economy is forecast to remain flat in the fourth quarter after expanding 0.2 percent a quarter ago.
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Před 820 dny
European Shares Seen Opening Lower As Fed Meeting Gets Underway
European stocks may open on a sluggish note Tuesday as the Federal Reserve's two-day policy meeting gets underway later today.
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Před 820 dny
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