Australian Securities and Investments Commission or ASIC announced Thursday that a A$35 million penalty has been sought against the Australian unit of British lending major HSBC Holdings Plc ( HSBC, HSBA.L, 0005.HK) after it admitted to serious failures in protecting customers from scams. Following...
U.S. steelmaker Nucor Corp (NUE) forecasts second-quarter earnings better than the first quarter and a year earlier, helped by higher average selling prices and cost refunds in its steel mills segment. The company said in a statement that it expects diluted earnings of $4.70 to $4.80 per share for...
Hexaware Technologies (HEXT, HEXT.NS) announced on Wednesday that it plans to invest 25 million pounds to expand its operations in the UK. The expansion is expected to create about 1,200 jobs across Manchester, Leeds and Birmingham over the next three to five years. The company plans to expand...
Elavon, a subsidiary of US Bancorp (USB), said it is expanding its All-In-One payments platform across North America, offering businesses a unified solution that connects payments, software and operations across in-store, mobile and online channels. The expanded platform combines Elavon's payment...
Obayashi Corp. (OBYCF, 1802.T), a Japanese construction company, announced Thursday its agreement to acquire BCI UK Holdings Limited, the holding company that owns construction business operator Multiplex Global Ltd. The decision follows discussions regarding a strategic partnership with Multiplex,...
Texas Ventures Acquisition IV Corp (TVIVU) announced Wednesday the pricing of its initial public offering of 15 million units at $10 per unit. The offering is expected to close on June 22. The company granted underwriters a 45-day option to purchase up to an additional 2.25 million units at the...
Renault Group (RNT.L, RNSDF.PK, RNSDY.PK, RNO.PA, RNL.DE) said it has obtained all the necessary regulatory approvals to acquire the stakes held by Volvo Group and CMA CGM Group in Flexis, bringing its ownership to 100% and making Flexis a wholly owned subsidiary. The company noted that this does not...
First Carolina Financial Services, Inc. (FCBM), announced Thursday the pricing of its initial public offering of 5.5 million shares of common stock at $12.50 per share. The offering is expected to close on June 22. The offering is expected to generate gross proceeds of approximately $68.8 million. The...
Industrial metals solutions company Steel Dynamics, Inc. (STLD) late Wednesday said it expects significantly higher profit in its second quarter amid strong demand, despite an asset write-down. In the steel fabrication operations, the company expects further volume improvement throughout the year...
Stocks saw significant volatility immediately following the Federal Reserve's monetary policy announcement on Wednesday but came under considerable selling pressure in the latter part of the trading session. The major averages all showed significant moves to the downside, closing firmly in negative territory.
Following Kevin Warsh's first monetary policy meeting as Federal Reserve chairman, the central bank on Wednesday announced its widely expected decision to leave interest rates unchanged. The Fed said it decided to maintain the target range for the federal funds rate at 3.50 to 3.75 percent, citing its dual goals of maximum employment and inflation at the rate of 2 percent over the longer run.
Business inventories in the U.S. increased in line with economist estimates in the month of April, according to a report released by the Commerce Department on Wednesday. The Commerce Department business inventories climbed by 0.5 percent in April after jumping by an upwardly revised 1.0 percent in March.
Stocks have shown a lack of direction over the course of the trading day on Wednesday, with the major averages bouncing back and forth across the unchanged line following the mixed performance seen in the previous session. Currently, the major averages are narrowly mixed.
A report released by the National Association of Realtors on Wednesday showed a substantial increase in pending home sales in the U.S. in the month of May. NAR said its pending home sales spiked by 3.8 percent to 76.8 in May after rising by 0.3 percent to a downwardly revised 74.0 in April. Economists had expected pending home sales to advance by 0.9 percent.
A report released by the Energy Information Administration on Wednesday showed crude oil inventories in the U.S. tumbled by much more than expected in the week ended June 12th. The EIA said crude oil inventories plunged by 8.3 million barrels last week after slumping by 7.2 million barrels in the...
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.