Actualités Forex

Euro Lower As Recession Concerns Grow After Weak Eurozone PMI Data

The euro fell against its major rivals in the European session on Tuesday, as natural gas prices climbed and Eurozone business growth slowed sharply in June, intensifying worries about a recession.

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DURECT Appoints Timothy Papp As New CFO

Biopharmaceutical company DURECT Corp. (DRRX) announced Tuesday the appointment of Timothy Papp as its Chief Financial Officer. Papp brings over 25 years of corporate finance experience to DURECT, including 15 years in the Biopharma sector.

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Xperi Holding Acquires Vewd Software For $109 Mln In Cash And Debt

Xperi Holding Corp. (XPER) announced Tuesday that it has acquired Vewd Software Holdings Ltd. for $109 million through a mixture of cash and debt.

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Bay Street Likely To Open On Negative Note

Lower Canadian and U.S. futures, weakness in European markets and sluggish commodity prices point to a negative start for Canadian shares on Tuesday.

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Titan Pharma Says FDA Clears IND Application For Nalmefene Implant

Titan Pharmaceuticals, Inc. (TTNP) announced Tuesday that the U.S. Food and Drug Administration (FDA) has cleared its Investigational New Drug (IND) application for a Phase 1 study of its six-month or longer subdermal formulation of nalmefene, an opioid antagonist, intended for the prevention of relapse following opioid detoxification in adults with Opioid Use Disorder (OUD).

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Vertex Pharma Says FDA Lifts Clinical Hold On Phase 1/2 Trial Of VX-880 To Treat Type 1 Diabetes

Vertex Pharmaceuticals Inc. (VRTX) announced Tuesday that the U.S. Food and Drug Administration (FDA) has lifted the clinical hold placed on the Phase 1/2 clinical trial of VX-880, an investigational stem cell-derived, fully differentiated pancreatic islet cell replacement therapy for people with type 1 diabetes (T1D) with impaired hypoglycemic awareness and severe hypoglycemia.

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UK Service Sector Growth Improves In June

UK service providers reported a faster growth in activity in June despite cost of living concerns and a weak economic outlook, final data from S&P Global showed on Tuesday. The headline S&P Global/Chartered Institute of Procurement & Supply final services Purchasing Managers' Index registered 54.3 in June, up slightly from 53.4 in May. The flash score was 53.4.

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Hecla Mining To Acquire All Of Alexco That It Does Not Already Own

Hecla Mining Co. (HL) and Alexco Resource Corp. (AXU, AXU.TO) announced Tuesday a definitive agreement for Hecla to acquire all of the outstanding common shares of Alexco that Hecla does not already own.

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Eurozone Private Sector Growth Weakens In June

The eurozone private sector expanded at a slower pace in June as the manufacturing production logged its first fall in two years on one side and the weaker growth in services activity on the other, final survey results from S&P Global showed on Tuesday. The final composite output index fell to 52.0 in June from 54.8 in the previous month. The reading was slightly above the initial estimate of 5

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