By Adriano Marchese Corus Entertainment, a Canadian mass media company, has announced a rise in net income for the first fiscal quarter, although revenue fell due to lower TV ad revenue. This decline is expected to continue into the next quarter. In the three-month period ending on November 30, the company reported net income of 32.7 million Canadian dollars ($24.4 million), or … [Read more...] about Corus Entertainment Reports Rise in Profit, Despite Lower TV Ad Revenue
Forex News
Merrill Lynch Sees Growth in Financial Advisor Headcount and Client Base
In a recent announcement, Merrill Lynch revealed that its financial advisor headcount had increased by approximately 175 in 2023. Furthermore, the Bank of America wealth management unit and its private bank witnessed an impressive 45% surge in ultrahigh-net-worth clients. These developments were highlighted in the company's fourth-quarter earnings report. The combined efforts … [Read more...] about Merrill Lynch Sees Growth in Financial Advisor Headcount and Client Base
Indonesia’s Trade Surplus Widens in December
Indonesia's trade surplus expanded in December, fueled by strong exports and a rise in nonoil shipments. According to the statistics agency, the Southeast Asian nation recorded a trade surplus of $3.31 billion for the month, up from November's surplus of $2.41 billion. Surpluses with Key Partners Indonesia enjoyed trade surpluses with major trading partners, including India, … [Read more...] about Indonesia’s Trade Surplus Widens in December
Hugo Boss Shares Fall on Preliminary Earnings Below Expectations
At 0855 GMT, shares in Hugo Boss were down 10% at EUR59.54, following the release of the company's preliminary earnings report. While the German premium-fashion company saw an increase in earnings before interest and taxes (EBIT) for the fourth quarter, the results fell short of analysts' expectations. The company reported an EBIT of 121 million euros ($132.5 million) for Q4, … [Read more...] about Hugo Boss Shares Fall on Preliminary Earnings Below Expectations
Bond Yields Rise as Central Bank Officials Question Rate Cut Expectations
The yields on US Treasury bonds experienced a rise at the start of Tuesday's trading session. This was due to several central bank officials expressing concerns about the overly optimistic outlook for interest rate cuts in 2024. Key Details The yield on the 2-year Treasury bond increased by 7.5 basis points to 4.211%. It is important to note that bond yields move in the … [Read more...] about Bond Yields Rise as Central Bank Officials Question Rate Cut Expectations
