LONDON (Reuters) – The recent volatility in British financial markets, including a rise in government bond yields and a fall in the value of the pound following the new government’s first budget on Wednesday, was not unusual, Treasury minister Darren Jones said. “Markets always respond to budgets in the normal way,” he told Sky News …
Normal for markets to respond to budget plans, minister says Read More »
LONDON (Reuters) – Frankfurt-listed shares of “Magnificent 7” stocks Apple and Amazon were broadly steady on Friday, in light volumes after both companies reported quarterly earnings after-market on Thursday. Apple’s Frankfurt listing was down just 0.1% after the company reported offered a modest growth outlook, even as early iPhone 16 sales grew faster than iPhone …
Apple, Amazon shares steady in Frankfurt after results Read More »
(Reuters) – Activity in Russia’s manufacturing sector returned to expansion in October, recovering from its first slide into contraction in more than two years, a business survey showed on Friday, boosted by a sharp uptick in new export orders. The S&P Global Purchasing Managers’ Index (PMI) for Russian manufacturing rose to 50.6 from 49.5 in …
Russian manufacturing sector returns to growth in October, PMI shows Read More »
A look at the day ahead in European and global markets from Stella Qiu Asian markets started what promises to be a momentous month on the cautious side, with investors shunning risk assets ahead of Friday’s U.S. jobs data and next week’s presidential election. Most Asian shares were down, led by a 2.3% drop in …
DUBLIN (Reuters) – Irish manufacturing activity was boosted in October by production volumes and incoming new work, a survey showed on Friday. The AIB S&P Global manufacturing Purchasing Managers’ Index (PMI) rose to 51.5 in October from September’s 49.4, moving above the 50.0 threshold that separates growth from contraction. Manufacturers said there was a steady …
Irish factory activity picks up as output, new orders grow, PMI shows Read More »
By Stephen Nellis, Akash Sriram (Reuters) -Apple’s AI-enhanced iPhone made a strong start, pushing quarterly sales ahead of Wall Street expectations, but a modest revenue forecast raised questions about whether that momentum will hold over the holiday sales season. A decline in China sales during the fourth quarter also concerned some analysts and investors, helping …
Apple offers modest growth outlook after iPhone sales help beat profit expectations Read More »
By Greg Bensinger and Deborah Mary Sophia (Reuters) -Amazon.com on Thursday posted third-quarter profit and sales above Wall Street estimates, helped by favorable retail sales, sending its shares up 5.7% after the closing bell. The company indicated it expected healthy results in the holiday quarter, its largest of the year, thanks to its faster shipping …
Amazon’s improving retail sales boost Q3 profit, revenue beats estimates Read More »
(Reuters) – Boeing made an improved contract offer to striking workers on the U.S. West Coast on Thursday, including a 38% pay increase over four years, a union spokesperson told Reuters. The new offer will soon be sent to more than 30,000 union workers and a vote will be held to decide whether to accept …
Exclusive-Boeing makes improved 38% pay raise offer to striking workers, union says Read More »
By Dietrich Knauth (Reuters) – U.K.-based fitness company PureGym will acquire most of bankrupt U.S. gym operator Blink Fitness’s assets for $121 million, the two companies said Thursday. PureGym, which is backed by private equity firms Leonard Green & Partners and KKR, will acquire Blink’s corporate operations and 67 gyms in New York and New Jersey. …
PureGym wins bankruptcy auction for Blink Fitness assets Read More »
By Deborah Mary Sophia, Aditya Soni and Anna Tong (Reuters) -Microsoft predicted increased spending on artificial intelligence this quarter but slower growth in its cloud business Azure, signaling that big AI investments were not enough to keep pace with capacity constraints at its data centers. Shares of the Redmond, Washington-based company dipped 3.6% in after-market …
Microsoft forecasts slower cloud business growth in second quarter Read More »
