After its weakest growth in decades last year China’s economy has come roaring back, with its manufacturing sector expanding at its fastest pace for a decade. With Xi Jinping moving
Continue reading »U.S. Durable Goods Orders Plunge In January Amid Sharp Pullback In Aircraft Demand
New orders for U.S. manufactured durable goods pulled back sharply in the month of January, according to a report released by the Commerce Department on Monday. The report said durable
Continue reading »As interest rates rise, is now a good time to be a first home buyer?
Home owners may be cursing the RBA board for its string of rate rises but what about wannabe first home buyers? Are they in a better or worse position than
Continue reading »Senior Plc Annual Earnings Fall, But Revenue Improves
Senior Plc (SNR.L), a British manufacturing and engineering company, on Monday reported a decline in earnings for 2022, amidst higher finance costs. However, the Group posted a rise in revenue.
Continue reading »Fed Minutes Reveal Some Participants Favored Larger Rate Hike
While the Federal Reserve’s decision to further slow the pace of interest rate hikes at the latest monetary policy meeting was unanimous, the minutes of the meeting revealed some participants
Continue reading »Deutsche Telekom Q4 Profit Climbs; Sees Adj. Earnings Growth Ahead
German telecom major Deutsche Telekom AG reported Thursday significantly higher profit in its fourth quarter, driven by higher revenues. Looking ahead for 2023, the company projects higher adjusted EBITDA AL,
Continue reading »Hong Kong Govt To Hand Out Consumption Vouchers, Cuts Tax
Hong Kong Financial Secretary Paul Chan on Wednesday unveiled consumption vouchers, salaries tax cuts and a new scheme to attract talent as well as investment for the economic revival. In
Continue reading »TJX Q4 Income Rises; Guides Q1, Annual Profit Below View; Sets Higher Dividend – Update
(Adds Outlook, dividend) The TJX Companies, Inc. (TJX) revealed a profit for its fourth quarter that increased from the same period last year in line with the Street estimates. The
Continue reading »Gildan Activewear Q4 Profit Misses Estimates
Gildan Activewear Inc. (GIL,GIL.TO) reported net earnings of $84 million, or $0.47 per share, for the fourth quarter of 2022 compared to net earnings of $174 million, or $0.89 per
Continue reading »Citigroup sees a 'less hard' landing for global economy
video FOX Business Flash top headlines for February 21 Check out what’s clicking on FoxBusiness.com Citigroup economists have slightly raised their global growth forecast and see the Federal Reserve hiking
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