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Eurozone Private Sector Downturn Softens In December

Eurozone Private Sector Downturn Softens In December

Euro area private sector activity shrank at the end of 2022, at the least marked pace since July, on the back of a slower fall in order books and a rebound in business confidence amid slowing inflation, results of the closely watched purchasing managers' survey suggested Wednesday. The composite output index rose to 49.3 in December from 47.8 in November, data from S&P Global showed.
RTTNews | vor 846 Tagen
German Auto Industry Confidence Improves, Outlook Uncertain: Ifo

German Auto Industry Confidence Improves, Outlook Uncertain: Ifo

German automakers sentiment turned positive at the end of 2022, but the overall business situation was strained for both manufacturers and suppliers, and expectations for the coming months remain cautious, survey results from the ifo Institute showed on Wednesday. The auto industry index rose to 1.5 in December from -1.5 in November, the Munich-based institute said.
RTTNews | vor 846 Tagen
Patterson-UTI Energy Sees Q4 Net Income Exceeding $100 Mln

Patterson-UTI Energy Sees Q4 Net Income Exceeding $100 Mln

Providing an update on the fourth quarter results on Wednesday, oilfield services provider Patterson-UTI Energy, Inc. (PTEN) announced that it expects its net income for the fourth quarter of 2022 to exceed $100 million and its adjusted EBITDA for the fourth quarter of 2022 to surpass $230 million, based on current projections.
RTTNews | vor 846 Tagen
GE Completes Spin-off Of Healthcare Business As GE HealthCare Technologies

GE Completes Spin-off Of Healthcare Business As GE HealthCare Technologies

General Electric Co. (GE) announced Wednesday that it has completed the separation of its healthcare business, launching GE HealthCare Technologies Inc., a global leader in Precision Care. Starting January 4, 2023, GE HealthCare will trade on Nasdaq under the ticker symbol "GEHC".
RTTNews | vor 846 Tagen
France Inflation Slows On Cheaper Energy Prices

France Inflation Slows On Cheaper Energy Prices

After Germany and Spain, France also registered a slowdown in inflation in December on lower energy prices, softening pressure on the European Central Bank to tighten policy at an aggressive pace. Though price pressures eased, they remain high and French households were less confident about their economic prospects in December.
RTTNews | vor 846 Tagen
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Hong Kong Retail Sales Slump 4.2%, Worst Fall In 8 Months

Hong Kong Retail Sales Slump 4.2%, Worst Fall In 8 Months

Hong Kong's retail sales declined for the first time in three months and at the fastest pace in eight months in November, and tighter financial conditions are likely to continue damping consumption ahead, while a relaxation in Covid restrictions and an improvement in the labor market are expected to lent support.
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Sensex, Nifty Tumble Ahead Of Fed Minutes

Sensex, Nifty Tumble Ahead Of Fed Minutes

Indian shares fell sharply on Wednesday, as risk aversion gripped markets ahead of the release of Federal Reserve's December meeting minutes later in the day that might contain hawkish comments from U.S. policymakers.
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More Consumers Intend To Buy EVs But Concerned About Prohibitive Price Tag

More Consumers Intend To Buy EVs But Concerned About Prohibitive Price Tag

More consumers in the United States want to buy an electric vehicle or EV but are concerned about higher prices, Reuters reported quoting a Deloitte survey. The consulting firm, in its '2023 Global Automotive Consumer Study,' stated that the intent to purchase an EV is 3 percentage points higher than the previous year in the U.S. The growth is similar for hybrid electric vehicles and plug-in...
RTTNews | vor 846 Tagen

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