Rating Outlook
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Siemens Cuts Digital Industries Outlook on China Weakness
Siemens cut fiscal 2024 guidance for its closely watched digital industries unit, citing a slower-than-expected recovery in its China automation operations, but raised its forecast for the smart infrastructure division.The Wall Street Journal - World - China -
Mortgage rates cut but borrowing pressures remain
More homeowners are facing the first stage of the repossession process, new figures indicate.BBC News - Top stories - Mortgage -
Cisco’s stock rises as demand stabilizes and revenue outlook impresses
“Customers are consuming the equipment shipped over the last few quarters in line with our expectations,” Cisco’s CFO said.MarketWatch - Business -
EUR/USD Little Changed; Dollar Weakness May Be Limited Near Term
The EUR/USD traded little changed, and Danske Bank Research generally expects the pair to continue being range-bound in the near term.The Wall Street Journal - World -
Gold Edges Higher, Supported by Fed Rate-Cut Bets
Gold edged higher in the early Asian session, supported by bets for Fed rate cuts which would enhance the appeal of the non-interest-bearing precious metal.The Wall Street Journal - World - Federal Reserve -
Traders examine interest rate bets after inflation updates
Also in this newsletter: Putin hits out at west, Slovak PM shot, measuring productivity in the officeFinancial Times - World -
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Workers are cheating on drug tests at the highest rate in more than 30 years, according to one of the largest drug-testing labs in the U.S.
Workers are cheating on drug tests at the highest rate in more than 30 years, according to one of the largest drug-testing labs in the U.S.The Wall Street Journal - World