Canadian Pacific Kansas City Q1 Profit Declines 3%; Results Miss Estimates

Canadian Pacific Kansas City Ltd. (CP, CP.TO) reported Wednesday that first-quarter net income attributable to controlling shareholders declined to 3 percent to C$775 million or C$0.83 per share from C$800 million or

U.S. Durable Goods Orders Surge 2.6% In March, More Than Expected

With orders for transportation equipment showing a substantial increase, the Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods surged by more than expected in the

European Stocks Fail To Hold Gains, Close Weak

European stocks failed to hold early gains and ended weak on Wednesday with the mood turning cautious past mid afternoon as investors awaited some crucial U.S. economic data for more clarity about the outlook for

Canadian Dollar Drops As Retail Sales Fall Unexpectedly

The Canadian dollar moved down against its major counterparts in the New York session on Wednesday, following the release of weak retail sales data for February.

Swiss Market Ends Moderately Lower

The Switzerland market ended on a weak note on Wednesday as investors largely stayed cautious and chose to lighten some commitments ahead of a slew of crucial economic data from the U.S.

Asian Markets A Sea Of Green

Asian stock markets are a sea of green on Wednesday, following the broadly positive cues from global markets overnight, as data showing a slowdown in U.S. manufacturing activity in the month of April raised hopes the US

Sensex, Nifty Cling To Modest Gains In Early Trade

Indian shares opened on a positive note Wednesday as weak U.S. business activity data revived rate cut hopes and electric-vehicle giant Tesla struck an upbeat tone despite a sales miss.

European Shares Seen Opening Up As Tesla Promises Affordable Cars

European stocks are likely to open on a positive note Wednesday after electric-vehicle giant Tesla struck an upbeat tone despite reporting a big drop in quarterly profits. The company said it would accelerate the

European Economic News Preview: Germany Ifo Business Confidence Data Due

Business sentiment survey data from Germany is the major report due on Wednesday, headlining a light day for the European economic news. At 4.00 am ET, the ifo Institute is scheduled to issue Germany's business

Australian Dollar Rises Against Majors

The Australian dollar strengthened against other major currencies in the Asian session on Wednesday.