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…
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…
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…
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…
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…
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…
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…
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…
WASHINGTON (dpa-AFX) - FactSet Research Systems Inc (FDS) announced earnings for third quarter that Drops, from the same period last yearThe company's earnings totaled $126.718 million, or $3.50 per share. This compares with $148.542 million, or $3.87 per share, last year.Excluding items, FactSet…
BRUSSELS (dpa-AFX) - Swiss retail sales increased at the quickest pace in nearly a year in May, data from the Federal Statistical Office revealed on Wednesday.In real terms, retail sales climbed 3.5 percent yearly in May, faster than the revised 1.7 percent growth in April. Meanwhile, sales were ex…
LONDON (dpa-AFX) - The upturn in the UK manufacturing softened in June amid slowing new order growth and tepid optimism, final data from S&P Global revealed Wednesday.The final manufacturing Purchasing Managers' Index declined to 52.5 in June from 53.9 in May. The initial score for June was 53.1.'S…
BRUSSELS (dpa-AFX) - UK stock market showed weakness Wednesday morning, weighed down by losses in mining and energy sectors. Uncertainty surrounding U.S.-Iran peace efforts, and weak commodity prices rendered the mood cautious.The FTSE 100 was down 42.51 points or 0.4% at 10,454.61 a little while a…
WASHINGTON (dpa-AFX) - CoStar Group, Inc. (CSGP), a provider of online real estate marketplaces, information and analytics, on Wednesday said it has agreed to acquire about a 30% stake in Wikicasa, an agent-backed real estate marketplace in Italy.Financial terms of the transaction were not disclose…
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - The euro area manufacturing activity continued to grow in June as production expanded moderately and cost pressures softened but supply conditions remained a challenge, final survey data from S&P Global showed Wednesday.The final manufacturing Purchasing Manager…
BRUSSELS (dpa-AFX) - The U.S. dollar fell against its most major counterparts in the New York session on Tuesday.The greenback fell to a 1-week low of 1.1436 against the euro and near 2-week lows of 1.3276 against the pound and 0.8063 against the franc.The currency is seen finding support around 1…
BRUSSELS (dpa-AFX) - French stocks drifted lower on Wednesday with investors making cautious moves, looking ahead to speeches from Fed Chair Kevin Warsh and ECB President Christine Lagarde at the Sintra Forum later in the day.Uncertainty about US-Iran peace talks and the loss of momentum in the AI…
WASHINGTON (dpa-AFX) - After a painful June that witnessed double-digit monthly losses in a majority of the top 10 cryptocurrencies, crypto markets have heralded July on a muted note. Federal Reserve rate hike fears that lifted the dollar as well as the hardening in bond yields continued to dampen…
WASHINGTON (dpa-AFX) - The U.S. Supreme Court has affirmed that all persons born in the United States have the right to American citizenship.By a 6-3 majority decision, authored by him, Chief Justice John Roberts ruled that children born 'to parents unlawfully or temporarily present' in the country…
LONDON (dpa-AFX) - July is here, and the FDA is set to announce decisions on therapies for conditions ranging from breast cancer and IgA nephropathy to multiple myeloma, ADHD, and wet AMD.Before turning our attention to the key FDA decisions expected in July, here are some of the newsworthy regulat…
MOSCOW (dpa-AFX) - Russia's factory activity logged a renewed growth in June as output rose at the quickest pace since January 2025 amid improving demand conditions, survey results from S&P Global showed on Wednesday.The manufacturing purchasing managers' index, or PMI, climbed to 50.3 in June from…