International News
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US Q1 GDP growth slips but details stronger
Economic activity in the US slowed at the end of 2024, but the underlying trends were much stronger.
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Europe close: Stoxx 600 hits another record after ECB rate cut
The Stoxx 600 index rose for the third straight day on Thursday to close at another record high after the European Central Bank cut interest rates and data showed that the eurozone economy stalled in the fourth quarter.
US pending home sales unexpectedly drop
US pending home sales unexpectedly slumped in December, pulling back after four straight months of growth, according to figures from the National Association of Realtors of Thursday.
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Quarterly earnings charge ahead at Blackstone
Fourth-quarter profits at Blackstone smashed expectations on Thursday, as assets under management at the alternative investment giant reached a record $1. 13trn.
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UPS shares dive on plans to scale back Amazon deliveries
Shares in UPS tanked on Thursday after the delivery giant announced it is planning to lower volumes with its largest customer, Amazon. com, by at least a half by the end of next year.
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US jobless claims fall sharply
US jobless claims fell more than expected in the week ended 25 January, according to the Labor Department, marking a sharp pull-back from the previous week's two-month high.
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ECB cuts rates, says that disinflation is 'well on track'
The European Central Bank cut rates again and expressed confidence that inflation would continue to head lower.
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Caterpillar posts Q4 earnings beat, warns of 2025 weakness
Caterpillar reported fourth-quarter earnings that exceeded analyst expectations on Thursday, but warned that sales and revenue for 2025 were likely to decline compared to the prior year.
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US pre-open: Stocks higher following Fed decision, tech earnings
Wall Street futures were in the green ahead of the bell on Thursday as market participants digested quarterly earnings from several big-name tech firms.
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Dow to cut 1,500 jobs globally after fourth-quarter loss
Dow announced plans to cut around 1,500 jobs globally as part of a broader cost-reduction initiative aimed at saving $1bn on Thursday.
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H&M reports stronger-than-expected fourth quarter
H&M reported stronger-than-expected fourth-quarter earnings on Thursday, signaling progress in its ongoing turnaround strategy.
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Deutsche Bank profit drops more than expected in 2024
Deutsche Bank reported a sharp drop in fourth-quarter and full-year 2024 profit on Thursday, falling short of market expectations as legal provisions and restructuring costs offset strong investment banking revenue.
Eurozone economy unexpectedly flatlines in Q4
The eurozone economy flatlined in the final quarter of 2024, according to flash estimates published on Thursday.
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German GDP falls 0.2% in Q4
German GDP contracted more than expected in the final three months of 2024, according to flash estimates published on Thursday.