Indonesia Central Bank Unexpectedly Hikes Rate

Indonesia's central bank surprised markets on Wednesday with an unexpected quarter-point rate hike to strengthen the rupiah. The Board of Governors of Bank Indonesia, governed by Perry Warjiyo, decided to lift the

PROG Holdings Boosts FY24 Outlook - Update

While reporting financial results for the first quarter on Wednesday, fintech holding company PROG Holdings, Inc. (PRG) provided financial outlook for the second quarter, and raised its earnings, adjusted earnings and

Bay Street Likely To Open Higher

Canadian shares are likely to open higher Wednesday morning, tracking positive global cues. Investors will also be reacting to earnings updates from top U.S. firms, and Canadian companies.

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

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

German Ifo Business Confidence Near 1-Year High

Germany's business sentiment strengthened for the third straight month to a near one-year high in April on a notable improvement in confidence among service providers. The business confidence index climbed to 89.4 in

Ascendis Pharma Says UK Approves YORVIPATH For Treatment Of Adults With Chronic Hypoparathyroidism

Danish pharmaceutical company Ascendis Pharma A/S (ASND) announced that the United Kingdom's Medicines & Healthcare products Regulatory Agency (MHRA) has granted marketing authorization for YORVIPATH

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.