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Major European Markets Snap 3-day Winning Streak, Close Modestly Lower
Despite opening on a positive note, the major European markets snapped a three-day winning streak and closed lower on Wednesday as the mood turned cautious ahead of the European Central Bank's policy announcement, due on Thursday.
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1122天前
ECB To Hike Rates For First Time In Over A Decade
The European Central Bank is set to deliver the first hike in interest rates in 11 years on Thursday, and follow up with another such move in September, and may also provide guidance on the proposed anti-fragmentation tool. Economists widely expect the Governing Council to raise rates by 25 basis points, as the bank announced in June.
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1122天前
Canadian Market Modestly Higher In Cautious Trade After Inflation Data
The Canadian market is modestly higher a little past noon on Wednesday, recovering slightly thanks to strong buying in technology and healthcare sectors after a mild setback.
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1122天前
U.S. Existing Home Sales Plunge To Two-Year Low In June
A report released by the National Association of Realtors on Wednesday showed existing home sales in the U.S. tumbled by much more than expected in the month of June. NAR said existing home sales plunged by 5.4 percent to an annual rate of 5.12 million in June after slumping by 3.4 percent to an annual rate of 5.41 million in May.
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1122天前
Unilever Recalls About 553 Cases Of Knorr Soup Due To Undeclared Milk Allergen
Unilever Food Solutions (UL) in the U.S. announced Wednesday it is recalling approximately 553 cases of Knorr Professional Soup du Jour Red Thai Style Curry Chicken with Rice Soup Mix because the product contains milk, which is not listed as an ingredient on the label.
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1122天前
Azerbaijan Airlines Signs MoU With Boeing For Four Additional 787-8 Aircraft
Aerospace company Boeing Co. (BA) and Azerbaijan Airlines on Wednesday signed a Memorandum of Understanding (MoU) for four additional fuel-efficient 787-8s at the Farnborough International Airshow.
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1122天前
F-star Therapeutics Inks License Deal With Takeda To Develop Bispecific Antibody
Biopharmaceutical company F-star Therapeutics, Inc. (FSTX), operating through its subsidiary, F-star Therapeutics Ltd., announced Wednesday that it has entered into a license agreement with Japan's Takeda Pharmaceutical Co. Ltd. (TAK) to develop a bispecific antibody.
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1122天前
more news
Community Trust Bancorp Q2 Profit Declines
Community Trust Bancorp, Inc. (CTBI) reported Wednesday net earnings for the second quarter of $20.27 million or $1.14 per share, down from $23.93 million or $1.34 per share in the prior-year quarter.
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1122天前
PTC Therapeutics Granted Marketing Authorization By EU For Upstaza To Treat AADC Deficiency
PTC Therapeutics, Inc. (PTCT) announced Wednesday that Upstaza (eladocagene exuparvovec) was granted marketing authorization by the European Commission. Upstaza is the first approved disease-modifying treatment for aromatic L-amino acid decarboxylase (AADC) deficiency and the first marketed gene therapy directly infused into the brain. It is approved for patients 18 months and older.
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1122天前
BMO Financial To Acquire Radicle Group For Undisclosed Terms
BMO Financial Group (BMO, BMO.TO) announced Wednesday that it has entered into a definitive agreement to acquire Radicle Group Inc., a Calgary-based leader in sustainability advisory services and solutions, and technology-driven emissions measurement and management. Terms were not disclosed.
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1123天前
Bay Street Headed For Cautious Start; Inflation Data In Focus
Canadian shares are likely to open on a cautious note on Wednesday, with investors reacting to the consumer inflation data and tracking weak commodity prices.
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1123天前
Biogen Boosts FY22 Outlook As Q2 Results Top Estimates
While reporting financial results for the second quarter on Wednesday, Biogen Inc. (BIIB) raised its adjusted earnings and revenue guidance for the full-year 2022, based on better-than-expected topline performance and continued cost management.
For fiscal 2022, the company continues to project adjusted earnings in the range of $15.25 to $16.75 per share on revenues between $9.90 billion and $10.1 billion.
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1123天前
Sensex, Nifty Extend Gains For Fourth Day
Indian shares rallied on Wednesday, with energy stocks leading the surge after the government cut windfall taxes on fuel exports, citing falling global prices.
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1123天前
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