The U.S. dollar hit a fresh two-decade peak versus major peers on Tuesday, hoisted by safety bids and expectations of further aggressive rate hikes by the Federal Reserve, while the euro was pinned close to a 20-year low near parity to the greenback.
Paycom Software Inc. (NYSE: PAYC) stock price jumped more than 2.5x from $122 in 2018 end, to around $326 currently, primarily due to favorable changes in its revenues. The company, an online payroll and human resource technology provider, actually witnessed a rise in its P/S m
Mondelez International Inc. (NASDAQ: MDLZ) stock price jumped more than 50% from $40 at 2018 end, to around $62 currently, primarily due to favorable changes in its revenue per share. The company, a multinational confectionery, food, beverage and snack manufacturer, witnessed a
Our theme of Solar stocks – which includes solar panel manufacturers, systems installers, and component suppliers – has declined by just about 11% year-to-date, faring better than the broader S&P 500 which remains down by about 19% over the same period. While grow
Copper prices in London extended losses for a third straight session on Tuesday, hit by a strong dollar and demand worries amid COVID-19 curbs in top consumer China and higher benchmark interest rates globally.
Arafura Resources said on Tuesday it will supply neodymium-praseodymium (NdPr) to France-based turbine manufacturing division of General Electric Co amid a global push to transition to clean energy.
China International Capital Corp (CICC) Ltd's investment banking head, Wang Sheng, is set to leave the bank to take over as the chief executive of smaller peer China Galaxy Securities, six people with direct knowledge of the matter said.
With thermal coal and liquefied natural gas (LNG) prices holding close to record highs in Asia, it would be logical to expect demand destruction, especially in developing nations said to be price sensitive.
The Indian rupee fell to a record low on Tuesday as declines in the domestic share market and weakness in other Asian currencies on fears of a global recession weighed on the unit despite recent measures by the central bank to boost dollar inflows.
Asia's emerging market currencies extended losses on Tuesday, with the Philippine peso slumping to a nearly 17-year trough, as a global decline in risk appetite and fresh COVID-19 curbs in China continued to weigh on sentiment.
A booster rocket developed by Elon Musk's SpaceX for its next-generation Starship spacecraft burst into flames during a ground-test firing on Monday in Texas, dealing a likely setback to Musk's aim of launching Starship to orbit this year.
Asia's emerging market currencies extended losses on Tuesday, with the Philippine peso slumping to a nearly 17-year trough, as a global decline in risk appetite and fresh COVID-19 curbs in China continued to weigh on sentiment.
(RTTNews) - The Taiwan stock market on Monday ended the two-day winning streak in which it had spiked nearly 480 points or 3.4 percent. The Taiwan Stock Exchange now rests just above the 14,340-point plateau and it may take further damage on Tuesday.
Chile's tumbling currency and runaway inflation are testing the Andean copper giant's economic and financial systems, and complicating President Gabriel Boric's plans to push through a tax reform bill to fund ambitious social programs.
South Korea's Hyundai Motor Co plans to build its first fully dedicated electric vehicle (EV) factory in South Korea, targeting production by 2025, the automaker's union said on Tuesday, citing its leader.
Russian Finance Minister Anton Siluanov, in a newspaper interview published on Monday, strongly endorsed a proposal by gas producer Gazprom to expand its roubles-for-gas scheme for pipeline gas to include liquefied natural gas (LNG).
(RTTNews) - Ahead of Monday's holiday for Eid-ul-Adha, the Singapore stock market has ticked higher in two straight sessions, gathering almost 30 points or 0.9 percent along the way. The Straits Times Index now rests just above the 3,130-point plateau although it may run out of s
Australian buy-now-pay-later (BNPL) firm
Zip Co Ltd dropped its A$491 million ($330.88 million)
buyout plan for U.S. rival Sezzle Inc, the companies
said on Tuesday.
($1 = 1.4839 Australian dollars)
(Reporting by Indranil Sarkar in Bengaluru; Editing by Rashmi
Aich)
((Indranil.Sarkar@thomsonreuters.com; Mobile: +91
7022132226;))
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