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BP Posts RC Profit In Q1, Underlying RC Profit Down; Stock Dips

BP Posts RC Profit In Q1, Underlying RC Profit Down; Stock Dips

British energy major BP Plc reported Tuesday a replacement cost profit in its first quarter, compared to last year's hefty loss, while underlying replacement cost profit was lower as last year was benefited by surge in fuel prices following Russia's invasion of Ukraine. The company also announced a further $17.5 billion share buyback. BP shares were losing around 5 percent in the morning trading
RTTNews | 832 hari yang lalu
Australia Central Bank Hikes Rate Unexpectedly Despite Slowing Inflation

Australia Central Bank Hikes Rate Unexpectedly Despite Slowing Inflation

Despite an easing in inflation, the Reserve Bank of Australia unexpectedly raised its benchmark interest rate by a quarter-point and signaled more hikes to bring inflation back to the target in a reasonable timeframe. The RBA Board decided to hike the cash rate target by 25 basis points to 3.85 percent. This was the highest rate since early 2012.
RTTNews | 833 hari yang lalu
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FDA Approves First Drug For Anemia In Cats With CKD

FDA Approves First Drug For Anemia In Cats With CKD

The U.S. Food and Drug Administration conditionally approved Elanco US Inc.'s Varenzin-CA1 (molidustat oral suspension) for treating anemia in cats with chronic kidney disease or CKD. It is the first drug for the control of nonregenerative anemia associated with CKD in cats. Varenzin-CA1 works by helping to increase production of erythropoietin in the kidney, which in turn stimulates the bone mar
RTTNews | 833 hari yang lalu
Australian Dollar Rises On RBA's Surprise Rate Hike

Australian Dollar Rises On RBA's Surprise Rate Hike

The Australian dollar strengthened against other major currencies in the Asian session on Tuesday, after Australia's central bank unexpectedly raised its benchmark interest rate by a quarter-point.
RTTNews | 833 hari yang lalu
Yen Slides Against Majors

Yen Slides Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Tuesday.
RTTNews | 833 hari yang lalu

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