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European Stocks Close Slightly Lower
Despite some positive economic data from the region, European stocks ended on a weak note on Wednesday.
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vor 825 Tagen
TSX Remains Weak Despite Paring Some Losses; BoC Raises Interest Rates Again
After opening notably lower and declining further down, the Canadian market regained some lost ground Wednesday morning, but still remains in negative territory a little past noon.
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vor 825 Tagen
Bank Of Canada Raises Interest Rates By Another Quarter Point
With persistent excess demand putting continued upward pressure on prices, the Bank of Canada on Wednesday announced its decision to raise interest rates by another quarter point. The Bank of Canada increased its target for the overnight rate by 25 basis points to 4.5 percent, in line with expectations.
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vor 825 Tagen
Pound Mixed After U.K. PPI Data
The pound showed mixed trading against its major counterparts in the European session on Wednesday, after a data showed that nation's producer inflation came in below expectations in December.
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vor 825 Tagen
Progressive Corp. Q4 Profit Sharply Declines
Progressive Corp. (PGR) reported Wednesday that net income for the fourth quarter declined 14 percent to $826.4 million or $1.40 per share from $962.3 million or $1.63 in the prior-year quarter.
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vor 825 Tagen
German Business Confidence At 7-Month High On Stronger Expectations
Germany's business confidence improved further as expected at the start of the year to the strongest level in seven months, as companies were considerably less pessimistic about the future, although they were slightly less satisfied with the current situation, survey results from the Munich-based ifo Institute showed on Wednesday.
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vor 825 Tagen
Sri Lanka Central Bank Keeps Rates Steady Amid Economic Crisis
Sri Lanka's central bank kept its key interest rate unchanged on Wednesday as runaway inflation showed signs of slowdown, and amid the country's negotiations with the International Monetary Fund to secure a $2.9 billion rescue deal to get the economy back on track. The Monetary Board of the Central Bank of Sri Lanka decided to maintain the Standing Deposit Facility Rate at 14.50 percent.
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vor 825 Tagen
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Boeing Q4 Loss Sharply Narrows; Results Miss Estimates
Aerospace giant Boeing Co. (BA) on Wednesday reported fourth-quarter net loss attributable to Boeing shareholders of $634 million or $1.06 per share, sharply narrower than $4.14 billion or $7.02 per share in the year-ago quarter.
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vor 825 Tagen
Bay Street Seen Opening With Negative Bias; BoC Rate Decision In Focus
Canadian shares are likely to open with a negative bias on Wednesday, reacting to disappointing earnings updates from some top U.S. companies, and on concerns about a global economic recession.
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vor 825 Tagen
AT&T Slips To Loss On Charges, But Adj. EPS Tops View
Telecom giant AT&T, Inc. reported Wednesday a hefty loss for the fourth quarter compared to a profit last year, primarily hurt by impairments, abandonments and restructuring charges. Adjusted earnings per share topped analysts' expectations, while quarterly revenues missed it by a whisker. The company also issued weak earnings guidance for the full year 2023.
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vor 825 Tagen
TE Connectivity Guides Q2 Below Estimates - Quick Facts
While reporting financial results for the first quarter on Wednesday, industrial technology firm TE Connectivity Ltd. (TEL) provided earnings, adjusted earnings and sales outlook for the second quarter, below analysts' expectations.
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vor 826 Tagen
Thailand Central Bank Hikes Key Rate To 1.50%, Signals More Tightening
Bank of Thailand raised its interest rate by a quarter point at its January meeting on Wednesday, as expected, and policymakers signaled more hikes in future after they assessed that a tight monetary policy is still required to bring down inflation to the target range amid an on-going recovery in the economy that is driven by a rebound in the tourism sector on the return of Chinese tourists.
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vor 826 Tagen
Central Pacific Financial Q4 Profit Declines, But Tops Estimates
Central Pacific Financial Corp. (CPF) the parent company of Central Pacific Bank, on Wednesday reported that net income for the fourth quarter declined to $20.18 million or $0.74 per share from $22.33 million or $0.80 per share in the prior-year quarter.
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vor 826 Tagen
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