A BP gas station in Madrid, Spain. Sopa Images | Lightrocket | Getty Images LONDON — U.K. oil giant BP on Tuesday raised its dividend and boosted share buybacks after tripling second-quarter profits on robust refining margins and trading. The British energy major posted second-quarter underlying replacement cost profit, used as a proxy for net
Analysts at TD Securities (TDS) offer their expectations on New Zealand’s labor market report due on the cards on Wednesday. Key quotes “Contrary to consensus, we expect the labor market to soften slightly with the Q2’22 unemployment rate rising to 3.3% (cons: 3.1%, Q1’22: 3.2%).” “While employment growth is likely to remain robust at 0.5%
Gold prices declined by Rs 195 to Rs 51,947 per 10 grams in the national capital on Monday amid weak global cues and rupee appreciation, according to Securities. The precious metal had closed at Rs 52,142 per 10 grams in the previous trade. Silver declined by Rs 223 to Rs 58,731 per kg from Rs
The price of WTI crude oil futures are settling at $93.89. That’s down -$4.73 or 4.8%. The low price reached $92.42. The high price extended to $98.65. The low reached the lowest level since July 15. The July low on the 14th came in at $90.56. Technically, the price closed below its 200 day moving
In “don’t spend it all at once” news …. In mid-July the proposal was for a 28 yen boost to Japan’s minimum wage. Yesterday it advanced to 30: The Nikkei (Japan media) is now reporting 31 yen is under consideration. The country’s Central Minimum Wages Council is meeting this week (continuing meetings to be more
Dollar selling is back today while Yen’s strength continues. Euro is also soft as the second worst after the greenback. On other hand hand, Sterling is strengthening with help from buying against Euro. Commodity currencies are mixed for now, with Canadian Dollar turning softer while Kiwi leads Aussie higher. Stock market sentiment is mixed, and
A sign is posted in front of a home for sale on July 14, 2022 in San Francisco, California. The number of homes for sale in the U.S. increased by 2 percent in June for the first time since 2019. Justin Sullivan | Getty Images Rising mortgage rates and inflation in the wider economy caused
In this article PINS A woman walks past sign at the headquarters of Pinterest in the South of Market neighborhood of San Francisco. Smith Collection | Gado | Archive Photos | Getty Images Pinterest shares jumped on better-than-expected user numbers even as earnings and revenue missed estimates and the company gave weak guidance for the third
What you need to take care of on Tuesday, August 2: The greenback edged lower on Monday, although the slide pared mid-US session as Wall Street lost its earnings-inspired strength and lost some ground. Market participants remained focused on the risk of a global recession. At the beginning of the day, China published the official
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NEW DELHI: Gold prices edged lower on Monday but hovered near a three-month high following the weakness in the US dollar amid expectations of a less aggressive Federal Reserve rate-hike trajectory. Gold futures on were trading lower by 0.43 per cent or Rs 224 at Rs 51,402 per 10 grams. However, silver futures plunged about
A simple and clean technical analysis snapshot for the Japanese Yen vs US Dollar USDJPY is still in Short after crossing down a bullish channel shown in the price chart image and the technical analysis video below The crossing down triggers a bear flag, on the daily timeframe. This simple technical analysis formation tends to
The dollar selling is persisting in European morning trade with the greenback under pressure across the board. The key technical levels from the previous posts are being contested now and we could see another leg lower in the dollar stretch out in the sessions ahead if we do get some daily closes above those key
Yen’s broad-based rally continues in quiet Asian session today. Dollar and European majors are generally steady. Some weakness is seen in Aussie and Canadian, but selling is so far limited. In other markets, sentiment is mixed with slight recovery seen in some Asian stock markets, including Japan. Gold is consolidating last week’s gain and remains
The U.S. economy contracted for the second straight quarter from April to June, hitting a widely accepted rule of thumb for a recession, the Bureau of Economic Analysis reported Thursday. Gross domestic product fell 0.9% at an annualized pace for the period, according to the advance estimate. That follows a 1.6% decline in the first
In this article CMCSA CMCSA Comcast reported second-quarter revenue and earnings that topped analyst estimates, but the cable provider didn’t add broadband customers in a quarter for the first time ever. Comcast’s high-speed internet customers in the quarter were flat, trailing the 84,000 average analyst estimate, according to FactSet. The company’s shares fell more than 9%