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FTSE 100 Drifts Lower As Chancellor Jeremy Hunt Promises Tax Cuts

India, May 17 -- U.K. stocks traded lower on Friday as chancellor Jeremy Hunt delivers a speech on the state of the economy ahead of the general election. The chancellor promised further tax cuts if ... Read More


Iberdrola To Buy Remaining Stake In Avangrid

India, May 17 -- Avangrid, Inc. (AGR) has entered into an agreement under which Iberdrola will acquire the remaining 18.4% of Avangrid that it does not currently own for $35.75 per share in an all-cas... Read More


CAC 40 Declines On Weak Earnings

India, May 17 -- French stocks declined on Friday, with uncertainty over the timing of U.S rate cuts, mixed data from China and disappointing earnings updates keeping investors nervous. The benchmark... Read More


DAX Slips Into Red Ahead Of Eurozone Inflation Data

India, May 17 -- German stocks fell on Friday while the dollar climbed after comments from three top Federal Reserve officials suggested that U.S. interest rates are likely to stay higher for longer. ... Read More


Asian Shares Mixed As Rate Worries Weigh

India, May 17 -- Asian stocks ended mixed on Friday as Chinese stimulus hopes offset interest rate worries and mixed data from China. The U.S. dollar's recent downward trend paused after three top Fe... Read More


Dollar Retreats After Early Gains

India, May 17 -- The U.S. dollar climbed higher in the European session on Friday, extending gains from the previous session, but retreated later and stayed somewhat subdued thereafter and shed ground... Read More


Dow Finishes Choppy Trading Day Above 40,000 For First Time

India, May 17 -- Following the modest pullback seen over the course of the previous session, stocks showed a lack of direction during trading on Friday. The major average spent the day bouncing back a... Read More


Electrolux Reannounces Recall Of Frigidaire, Kenmore Electric Ranges

India, May 17 -- Consumer electronics major Electrolux Group has reannounced its previous recall of Frigidaire and Kenmore electric ranges following multiple reports of fires and injuries. The recall... Read More


New Study Cautions Against Hastily Withdrawing Life Support

India, May 17 -- A considerable number of individuals with traumatic brain injuries who underwent withdrawal of life support might have survived and experienced partial recovery, according to a recent... Read More


New Deadlier Variant Of Mpox In Africa; CDC Urges Vaccination

India, May 17 -- A serious outbreak of mpox in the Democratic Republic of Congo (DRC) has led officials from the U.S. Centers for Disease Control and Prevention to issue warnings about its possible sp... Read More