U.K. retail sales growth accelerated unexpectedly in November as consumers boosted their spending on "Black Friday" a day after Thanksgiving, marking the start of the holiday season. Retail sales volume including automotive fuel increased 1.6 percent from October, the Office for National Statistics said Thursday. This was the biggest monthly rise since last December.
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German business confidence improved for the second straight month to a 4-month high as expectations of firms brightened while their current assessment remained unchanged in December, a closely watched survey showed Thursday. The business confidence index rose in line with expectations to 105.5 from 104.7 in November.
Early indications suggest that Wall Street stock may open solidly higher on Thursday, as the Swiss central bank made a surprise announcement of taking rates to negative territory. Coming close on heels of dovish FOMC policy statement, the announcement should offer encouragement to traders, who are plagued by worries about the global economy.
The Swiss National Bank decided to introduce negative interest rate to contain the demand for the currency and reaffirmed that it will defend the currency ceiling at an unscheduled meeting on Thursday. The central bank imposed an interest rate of -0.25 percent on sight deposit account balances at the SNB, with an intention to take the key three-month libor into negative zone.
European stocks are seen opening sharply higher on Thursday after the Federal Open Market Committee replaced the phrase "considerable time" in its policy statement with "patient," in deciding when to raise interest rates.
At a press conference after the FOMC meeting, Fed Chair Janet Yellen played...
Tetraphase Pharmaceuticals Inc.'s first of the two pivotal trials, dubbed IGNITE 1, evaluating its drug candidate Eravacycline for the treatment of complicated intra-abdominal infection has achieved the primary endpoint of statistical non-inferiority.
Contract electronics manufacturer Jabil Circuit reported a decline in first-quarter profit, hurt mainly by stock-based compensation costs that offset a 5 percent rise in revenues, while the prior year included gains from discontinued operations and favorable tax adjustments.
Oracle Corp. said Wednesday after the markets closed that its second quarter profit fell 2% from last year, hurt mainly by higher income tax expenses even as revenue increased 3%. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
Stocks moved sharply higher over the course of the trading on Wednesday, partly offsetting the steep losses posted over the past few sessions. A positive reaction to the Federal Reserve's monetary policy statement contributed to the rebound.
U.S. crude oil ended higher for a second straight session on Wednesday, having touched an intraday high of near $59 a barrel after an official weekly oil report from the Energy Information Administration showed crude oil stockpiles in the U.S. to have dropped, albeit less than expected.
Arguing that efforts to isolate Cuba have failed to advance U.S. interests after more than fifty years, President Barack Obama announced Wednesday he will begin to normalize relations with the communist island nation.
Gold futures snapped a five-day loss to end a tad higher on Wednesday, after having fallen sharply in the previous session amid renewed doubts to whether the Federal Reserve will signal tighter monetary policy later this afternoon.
Nevertheless, the gains were very limited as the dollar strengthened...
Online mobile photo-sharing, video-sharing and social networking service Instagram has released five new photo filters that it believes are its best yet.
The new filters - Slumber, Crema, Ludwig, Aden and Perpetua - now appear at the front of the filter tray. To make the filters more user friendly,...
After moving moderately higher in early trading on Wednesday, stocks have seen some further upside over the course of the trading day. The gains on the day are partly offsetting the steep losses posted over the past few sessions.