Business Watch

Business Watch

Fidelity National Information Services Second Quarter Sales Flat

Fidelity National Information Services Second Quarter Sales Flat

Fidelity National Information Services (FIS) unveiled fresh guidance on Tuesday as it posted growth in its adjusted earnings which surpassed analysts’ estimates and revenue which was in line as divestitures partially offset growth in continuing operations. The Jacksonville, Fla.-based company, which completed its acquisition of Worldpay on July 31 this […]

by × August 6, 2019 × 0 comments

Business Watch

Asian ADRs Move Higher in Friday Trading

Asian ADRs Move Higher in Friday Trading

American depositary receipts of Asian stocks were trading 0.86% higher at 1,473.44 on the BNY Mellon Asia 50 ADR Index on Friday. In North Asia, the gainers were led by social media platform MOMO Inc. (MOMO) and e-commerce solutions company Baozun (BZUN), which climbed 5.3% and 4.1% respectively. They were […]

by × July 19, 2019 × 0 comments

Business Watch

Manufacturing PMI Falls to Match October 2016 Low

Manufacturing PMI Falls to Match October 2016 Low

The US manufacturing purchasing managers’ index matched a two-and-a-half-year low last month as new orders fell as trade tensions continued to wear on sentiment in the sector. The manufacturing PMI came in at 51.7%, down from 52.1% reported in May, and matching the lowest level since October 2016 even as […]

by × July 1, 2019 × 0 comments

Business Watch

Federal Reserve Keeps Rates on Hold

Federal Reserve Keeps Rates on Hold

The Federal Reserve kept the target range on its benchmark lending rate on hold Wednesday, and economic projections from policy makers signaled no change this year before a cut in 2020. The target for the fed funds rate was held at 2.25% to 2.5%, the Federal Open Market Committee said […]

by × June 19, 2019 × 0 comments

Business Watch

OPEC Lowers 2019 Global Oil Demand Growth Forecast

OPEC Lowers 2019 Global Oil Demand Growth Forecast

Oil demand is expected to expand by less than previously anticipated this year due to soft oil demand data in the Organization for Economic Cooperation and Development region, according to a report published by OPEC on Thursday. World oil demand is expected to rise by 1.14 million barrels per day […]

by × June 13, 2019 × 0 comments