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Singapore Govt Unveils Additional Relief Measures For Households
Singapore's government rolled out an additional S$1.5 billion support package for all households to cope with higher inflation and cost of living concerns. The package is intended to provide more support for lower-to middle-income groups, the Ministry of Finance said Friday. The better-than-expected fiscal out-turn in the first half of the fiscal 2022 will provide fund for the package.
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U.S. Import Prices Slump 1.2% In September
The Labor Department released a report on Friday showing another steep drop in U.S. import prices in the month of September.
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U.S. Retail Sales Unexpectedly Unchanged In September
A report released by the Commerce Department on Friday showed U.S. retail sales unexpectedly came in unchanged in the month of September.
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Dollar Little Changed After U.S. Retail Sales
U.S. retail sales and import and export prices for September have been released at 8:30 am ET Friday. After these data, the greenback changed little against its major rivals.
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Bay Street Likely To Open With Positive Bias
Canadian shares are likely to open with a positive bias on Friday, tracking firm European markets and higher U.S. futures.
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Morgan Stanley Q3 Net Profit Down 29%
Financial services firm Morgan Stanley (MS) reported Friday third-quarter net income applicable to the company's shareholders of $2.63 billion or $1.47 per share, down from $3.71 billion or $1.98 per share in the year-ago quarter.
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JPMorgan Q3 Profit Down 17%, But Results Top Estimates
US investment bank JPMorgan Chase & Co. (JPM) reported Friday a profit for the third quarter that declined 17 percent from last year, hurt by higher provision for credit losses and net investment securities losses. However, both earnings per share and revenues for the quarter topped analysts' expectations.
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more news
Rubicon Technologies Promotes CTO Phil Rodoni To Succeed Nate Morris As CEO
Rubicon Technologies, Inc. (RBT) announced Friday that chief technology officer Phil Rodoni has been appointed by the Rubicon Board of Directors as chief executive officer and a member of the Board, effective October 13, 2022.
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Sensex, Nifty Rally On Global Cues; IT And Financials Lead Gainers
Indian shares rose sharply on Friday, mirroring positive global cues amid hopes that U.S. inflation may have peaked around 8 percent and would trend lower in the coming months.
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Pound Falls Despite Hopes Of U-turn On U.K. Tax Cut Plan
The pound slipped against its major counterparts in the European session on Friday, despite optimism over the likelihood of U-turn on tax cuts in the mini-budget by the U.K.
government amid a turbulence in the markets.
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European Shares Extend Gains On Hopes Of UK Fiscal Plan Reversal
European stocks rose on Friday to extend gains from the previous session amid hopes that U.S. inflation may have peaked around 8 percent and would trend lower in the coming months.
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FTSE 100 Extends Gains On Fiscal Policy U-turn Hopes
U.K. stocks rose on Friday to extend gains from the previous session as investors cheered reports of potential fiscal plan U-turn.
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CAC 40 Rises Despite Inflation Concerns
French stocks rose notably on Friday even as hotter-than-expected U.S. CPI data fanned worries about aggressive tightening by the Federal Reserve and a possible recession.
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