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Structure Therapeutics Sets $300 Mln Private Placement Equity Financing
Biopharmaceutical company Structure Therapeutics Inc. (GPCR) announced Friday it has entered into a share purchase agreement for the sale of 21.62 million ordinary shares and 2.40 million newly designated non-voting ordinary shares (the equivalent of an aggregate of 8.01 million American Depositary Shares, each representing three ordinary shares) at $12.49 per share (based on the closing price of $37.47 per ADS on September 28, 2023) through a private placement financing.
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Eurozone Inflation Near 2-Year Low
Euro area inflation weakened sharply in September to the lowest level since late 2021 after ten consecutive interest rate hikes from the European Central Bank, but the monetary policy is expected to remain tight for longer as the 2 percent target is still away. Inflation eased sharply to 4.3 percent in September from 5.2 percent in August, flash data from Eurostat revealed Friday.
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UK Mortgage Approvals At 6-Month Low
UK mortgage approvals fell to a six-month low in August as rising interest rates weighed on housing market activity, official data revealed on Friday. Approvals for house purchases fell to 45,400 in August from 49,500 in July, the Bank of England reported. The expected level was 45,000.
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Vestas Secures 38 MW Order With Toda For Iwaki Miwa Wind Farm In Japan
Vestas Wind Systems A/S (VWDRY.PK) announced Friday it has secured a 38 MW order with Toda Corp. for Iwaki Miwa Wind Farm in Fukushima prefecture, Japan.
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Bay Street Likely To Open On Firm Note
Canadian shares are headed for a fairly bright start Friday morning, tracking firm global stocks and higher commodity prices. The focus will be on Canadian GDP, and U.S. personal expenditure data.
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Indian Rupee Rises To 4-day High Against U.S. Dollar
The Indian rupee climbed against the U.S. dollar in evening deals on Friday, as the latter fell ahead of a key inflation report due today.
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UK Economy Logs Stronger Than Estimated Growth
The UK economy registered a stronger than estimated recovery in the first half of the year despite high inflation and tighter monetary policy. Gross domestic product registered a sequential growth of 0.2 percent in the second quarter, which was unchanged from the first estimate, the Office for National Statistics reported Friday.
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AbbVie Says Phase 3 CANOVA Trial Fails To Meet Primary Endpoint
AbbVie (ABBV) announced Friday data from its Phase 3 CANOVA study evaluating the safety and efficacy of venetoclax (VENCLEXTA®/ VENCLYXTO®) plus dexamethasone (VenDex) for patients with t(11;14)-positive relapsed or refractory (R/R) multiple myeloma who have received two or more prior treatments.
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Sensex, Nifty End With Solid Gains On Firm Global Cues; IT Stocks Underperform
Indian shares ended with solid gains on Friday, tracking positive cues from global markets.
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Reports Say Microsoft Considered Selling Bing To Apple To Replace Google
Microsoft Corp. was in talks with Apple Inc. around 2020 for a possible sale of its Bing search engine, Bloomberg reported citing people with knowledge of the matter. Microsoft executives met with Apple officers, but the talks never reached an advanced stage, the report said. Apple is said to have had concerns about Bing's ability to compete with Google in quality and capabilities.
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European Shares Rally As Inflation Concerns Ease
European shares rose on Friday to extend gains from the previous session after data showed Eurozone inflation hit a two-year low in September - supporting expectations that the European Central Bank will keep interest rates on hold.
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FTSE 100 Gains As GDP Data Offers Relief
U.K. stocks advanced on Friday after data showed the economy grew stronger than expected in the first quarter.
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CAC 40 Rallies After Softer Inflation Data
French stocks rallied on Friday after data showed French inflation unexpectedly slowed in September as a result of easing food prices.
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