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Norway Central Bank Hikes Policy Rate By 50 Bps
The Norwegian central bank joined several of its peers in delivering a bigger than expected 50 basis point hike on Thursday amid the woes of high inflationary pressures and policymakers hinted that there will be another rate hike in August.
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European Stocks Close Lower Again On Recession Fears
After recovering from a weak start and even managing a brief spell in positive territory around early afternoon, European stocks fell and ended notably lower on Thursday, weighed down by fears about the possibility of a recession.
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UK Private Sector Logs Steady Growth In June
The UK private sector logged a better-than-expected growth in June but that was unchanged from the 15-month low seen in May, flash survey results from S&P Global showed on Thursday. The Chartered Institute of Procurement & Supply flash composite output index held steady at 53.1 in June, while the reading was expected to fall to 52.6. The score remained above the neutral 50.0.
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U.S. Weekly Jobless Claims Edge Slightly Lower To 229,000
First-time claims for U.S. unemployment benefits edged slightly lower in the week ended June 18th, according to a report released by the Labor Department on Thursday. The report showed initial jobless claims dipped to 229,000, a decrease of 2,000 from the previous week's revised level of 231,000.
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CNS Pharma Says FDA Oks Protocol Amendment To PPivotal Global Trial Of Berubicin For GBM
Biopharmaceutical company CNS Pharmaceuticals, Inc. (CNSP) announced Thursday that it has received approval from the U.S. Food and Drug Administration (FDA) for its ongoing potentially pivotal global study evaluating the efficacy and safety of Berubicin compared with Lomustine (Gleostine) administered after first line therapy for the treatment of recurrent glioblastoma multiforme (GBM), one of the most aggressive types of brain cancer.
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U.S. Weekly Jobless Claims Edge Slightly Lower
First-time claims for U.S. unemployment benefits edged slightly lower in the week ended June 18th, according to a report released by the Labor Department on Thursday.
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Bay Street May Open Slightly Higher
Slightly higher U.S. and Canadian futures point to a positive start for the Canadian market Thursday morning. However, sluggish commodity prices and concerns about inflation and rate hikes are likely to render the mood cautious.
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more news
Xperi Holding Boosts FY22 Revenues Outlook
Xperi Holding Corp. (XPER) announced Thursday a $10 million increase in both its annual revenue and operating cash flow guidance for 2022, primarily due to a recently resolved contract dispute with a customer.
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Euro Drops As Eurozone Business Activity Slows Sharply
The euro declined against its major counterparts in the European session on Thursday, as Eurozone business growth slowed sharply to a 16-month low in June as demand stalled and price pressures remained elevated.
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Amryt Pharma Says European Commission Oks Filsuvez For Dystrophic And Junctional EB
Biopharmaceutical company Amryt Pharma plc (AMYT) announced the European Commission (EC) approval of Filsuvez in the European Union (EU) for the treatment of partial thickness wounds associated with dystrophic and junctional Epidermolysis Bullosa (EB) in patients 6 months and older.
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Rite Aid Boosts FY22 Revenues Outlook As Q1 Results Come Above Estimates
While reporting financial results for the first quarter of fiscal 2022 on Thursday, drugstore chain Rite Aid Corp. (RAD) raised it total revenue guidance for the full-year 2022, due to increased utilization of higher cost drugs at Elixir.
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Eurozone Private Sector Growth At 16-Month Low
The euro area private sector expanded at the slowest pace in more than two years in June as manufacturing output contracted for the first time in two years and growth in the service sector eased sharply, preliminary data from S&P Global showed on Thursday. The composite output index fell to a 16-month low of 51.9 in June from 54.8 in the previous month. The score was forecast to ease moderately t
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Accenture Trims FY22 EPS Outlook; Raises Dividend 10% - Update
While reporting financial results for the third quarter on Thursday, professional services company Accenture Plc (ACN) trims its earnings outlook for the full-year 2022 and also provided revenue outlook for the fourth quarter.
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