Headline News
Bank of Canada cuts rates by 25 basis points, as expected
The Bank of Canada cut interest rates on Wednesday by 25 basis points, as widely expected.
US services activity recovers in May, ISM says
Activity in the US services sector improved noticeably during the previous month, the results of a closely followed survey showed.
US services activity picks up in May, S&P says
Services sector activity in the States picked up noticeably midway through the second quarter of 2024, the results of a survey revealed.
SAP to snap up WalkMe in $1.5bn deal
German software giant SAP has agreed to buy WalkMe in a $1. 5bn deal, it was confirmed on Wednesday, sending shares in the Israel-based firm soaring.
US private sector adds fewer jobs than expected in May - ADP
Private sector employment in the US rose less than expected in May, according to figures released on Wednesday by ADP.
UK services sector expands in May, price pressures ease
The UK’s services sector continued to expand last month, a closely-watched survey showed on Wednesday, although the pace of growth eased.
First-quarter sales jump at Inditex
Zara-owner Inditex posted "robust" first-quarter numbers on Wednesday, as sales comfortably met expectations.
Ninety One full-year AuM fall, dividend cut
Ninety One posted a drop in full-year assets under management on Wednesday and cut its dividend as it said business conditions remained "challenging".
China’s services sector expands again in May - Caixin
Activity in China’s services sector accelerated in May at its fastest pace in 10 months, according to data released on Wednesday.