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US MAY PUBLIC CONSTRUCT SPENDING +0.5%
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US MAY PRIVATE CONSTRUCT SPENDING +0.0%
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Austria Inflation Eases To 3.2% In June
BRUSSELS (dpa-AFX) - Austria's consumer price inflation moderated in June from a 5-month high in the previous month, flash data from Statistics Austria showed on Wednesday.The consumer price index climbed 3.2 percent year-over-year in June, slower than the 3.7 percent increase in May.The downward t…
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Eurozone Inflation Eases To 2.8%
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Euro area inflation slowed to a three-month low in June as food, energy and services prices registered slower growth, easing pressure on the European Central Bank to hike interest rates again this month.Inflation weakened to 2.8 percent from 3.2 percent in May…
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MNI: US JUN FINAL MANUF PMI 53.9 (55.7 FLASH, 55.1 MAY)
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Euro Falls As Eurozone Inflation Slows
BRUSSELS (dpa-AFX) - The euro weakened against other major currencies in the European session on Wednesday, Eurozone inflation slowed to a three-month low in June.Data from Eurostat showed that Eurozone inflation weakened to 2.8 percent from 3.2 percent in May. This was the lowest rate since March…
Micron Technology, GM Enter Long-Term Memory Supply Partnership
WASHINGTON (dpa-AFX) - Micron Technology, Inc. (MU) and General Motors Co. (GM) on Wednesday announced a strategic customer agreement aimed at securing a long-term supply of memory and storage products used in vehicle production.Under the agreement, GM will receive supply of Micron's LPDRAM, NOR an…
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Euro Falls Against Majors
BRUSSELS (dpa-AFX) - The euro weakened against other major currencies in the European session on Wednesday.The euro fell to nearly a 1-year low of 0.8593 against the pound and a 2-day low of 1.1380 against the U.S. dollar, from early highs of 0.8618 and 1.1414, respectively.Against the yen and the…
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Croatia Inflation Eases To 4-Month Low
BRUSSELS (dpa-AFX) - Consumer price inflation in Croatia moderated further in June to the lowest level in four months, flash data from the Croatian Bureau of Statistics showed on Wednesday.The consumer price index climbed 4.5 percent year-on-year in June, slower than the 5.2 percent rise in May. Mo…
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U.S. Private Sector Employment Increases Less Than Expected In June
WASHINGTON (dpa-AFX) - Private sector employment in the U.S. increased by less than expected in the month of June, according to a report released by payroll processor ADP on Wednesday,The report said private sector employment climbed by 98,000 jobs in June after jumping by 122,000 jobs in May. Econ…
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FDA Approves New Treatment Using Donor Immune Cells In Blood Cancer Patients
WASHINGTON (dpa-AFX) - The U.S. Food and Drug Administration has approved Tregzi, the first regulatory T (Treg) cell-based immunotherapy for improving chronic graft-versus-host disease (GVHD)-free survival in adult patients with blood cancers undergoing allogeneic hematopoietic stem cell transplant…
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NASA Awards $590 Mln Contracts To 3 Companies To Build Moon Outpost
WASHINGTON (dpa-AFX) - NASA has selected three companies to land four new missions on the Moon in late 2028 as part of the U.S space agency's Moon Base Program. Astrobotic, Firefly Aerospace, and Intuitive Machines will deliver NASA science payloads to the lunar surface as it builds the first long…
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Pound Rises Against Majors
BRUSSELS (dpa-AFX) - The British pound strengthened against other major currencies in the European session on Wednesday.The pound rose to nearly a 1-year high of 0.8593 against the euro and nearly a 6-month high of 1.0739 against the Swiss franc, from early lows of 0.8618 and 1.0709, respectively.A…
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Japan Consumer Confidence Rises Slightly In June
TOKYO (dpa-AFX) - Japan's consumer sentiment improved somewhat in May to the highest level in four months, survey data from the Cabinet Office showed on Wednesday.The seasonally adjusted consumer confidence index rose to 33.8 in June from 33.6 in May. The expected score was 34.1.The survey was cond…
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FAA Sets Noise-based Certification Standard For Supersonic Aircraft
WASHINGTON (dpa-AFX) - The Federal Aviation Administration has proposed a rule that would replace the longstanding prohibition on civil supersonic flight in the United States with a modern, performance-based regulatory framework.The proposed rule sets a noise-based certification standard for supers…
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FactSet Research Backs Annual Guidance
WASHINGTON (dpa-AFX) - FactSet Research Systems Inc. (FDS) on Wednesday reaffirmed its annual guidance.For the 12-month period to August 31 (fiscal 2026), the company still expects net income of $14.85 to $15.35 per share, with adjusted profit of $17.25 to $17.75 per share, on revenue of $2.450 bil…
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National Grid Ventures Buys 35% Stake In Joulent For $1.75 Bln
LONDON (dpa-AFX) - National Grid Ventures, the commercial arm of British utility company National Grid plc (NNGF.DE), on Wednesday said it has agreed to invest $1.75 billion for a 35% stake in Joulent LLC, a developer of power solutions for growing demand from data centers and other energy-intensiv…
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Sweden Manufacturing Growth Strongest Since January 2022
STOCKHOLM (dpa-AFX) - Sweden's industrial economy expanded at the quickest pace in four-and-a-half years in June, survey data from Swedbank and the logistics association SILF showed on Wednesday.The purchasing managers' index for the manufacturing sector rose to 58.3 in June from 57.4 in May. A rea…
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Kroger To Buy Giant Eagle
WASHINGTON (dpa-AFX) - Kroger Co. (KR) on Wednesday announced a definitive agreement to acquire privately held grocery and pharmacy retailer Giant Eagle, Inc., for $1.65 billion.The transaction is expected to close in 2027.The purchase price comprises $1.25 billion in cash and the assumption of app…
War And Warsh Sway Markets
CANBERA (dpa-AFX) - Uncertainty surrounding the U.S.-Iran peace talks as well as anxiety ahead of Federal Reserve Chair Kevin Warsh's comments at the European Central Bank Forum on Central Banking impacted market sentiment on Wednesday morning. The keenly anticipated jobs data due from the U.S. on…