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Berita Valas
Weak Bank Lending Damps Eurozone Growth Prospects
Eurozone bank lending growth weakened further in April reflecting the transmission of the European Central Bank's tight monetary policy and signaled weak economic growth.
Data published by the ECB on Tuesday showed that credit to euro area residents grew at a slower pace of 1.5 percent in April from a year ago, while credit to general government dropped 0.9 percent.
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819 days ago
Canadian Shares Likely To Open On Mixed Note
Bay Street is likely to see a mixed start on Tuesday with investors tracking updates on U.S. debt ceiling deal, and reacting to the trend in commodities markets.
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819 days ago
Atea Pharma Rejects Unsolicited Proposal From Tang Capital Partners
Biopharmaceutical company Atea Pharmaceuticals, Inc. (AVIR) announced Tuesday that its Board of Directors unanimously rejected the unsolicited proposal from Tang Capital Partners, LP on behalf of Concentra Biosciences, LLC to acquire all outstanding common shares of Atea for $5.75 per share in cash, plus a contingent value right representing the right to receive 80% of the net proceeds payable from any license or disposition of Atea's programs.
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819 days ago
Magnachip To Spin-off Display And Power Businesses Into Separate Entities
Magnachip Semiconductor Corp. (MX) announced Tuesday that the Company is separating its display and power businesses into separate entities, following approval by its board of directors and strategic review committee.
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819 days ago
Eurozone Economic Confidence Hits 6-Month Low
Adding to concerns over growth prospects, euro area economic sentiment deteriorated to the lowest in six months in May reflecting lower confidence in industry, services and retail trade. The economic sentiment index fell to 96.5 from 99.0 in April, survey results from the European Commission showed Tuesday. This was the lowest reading since November and also below economists' forecast of 98.9.
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819 days ago
Pfizer Says Pivotal Phase 3 BASIS Clinical Trial Of Marstacimab Met Primary Endpoints
Drug major Pfizer Inc. (PFE) announced Tuesday that the pivotal Phase 3 BASIS clinical trial (NCT03938792) evaluating marstacimab has met its primary endpoints, having demonstrated statically significant and clinically meaningful effects.
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819 days ago
Sensex, Nifty Extend Gains For Fourth Day
Indian shares ended Tuesday's session modestly higher despite muted cues from global markets.
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819 days ago
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Swiss Economy Rebounds In Q1
The Swiss economy rebounded at a faster-than-expected pace at the start of the year on robust domestic demand, government data showed on Tuesday. Gross domestic product grew 0.3 percent sequentially in the first quarter after stagnating in the fourth quarter of 2022, the State Secretariat for Economic Affairs, or SECO, reported. The rate also exceeded economists' forecast of 0.1 percent.
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819 days ago
European Shares Mixed As Investors Watch US Debt Deal Progress
European stocks were mixed on Tuesday as investors waited for the passage of the U.S. debt ceiling deal before June 5.
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819 days ago
FTSE 100 Dips In Cautious Trade
U.K. stocks started the week on a cautious note as investors waited for the passage of the U.S. debt ceiling deal before June 5.
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819 days ago
CAC 40 Slides On China Growth Concerns
French stocks traded lower on Tuesday amid growing doubts about the strength of China's post-Covid recovery and signs of increasing tensions between Washington and Beijing.
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819 days ago
DAX Inches Higher In Cautious Trade
German stocks were slightly higher on Tuesday after Republican South Dakota Representative Dusty Johnson downplayed the conservative opposition to the debt ceiling deal.
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819 days ago
Asian Shares Mixed On China Recovery Concerns
Asian stocks ended mixed on Tuesday, as concerns that China's economic recovery is losing steam and signs of rising tensions between Washington and Beijing offset investor optimism over the agreement of a deal to raise the U.S. debt ceiling and avert default in the world's largest economy.
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819 days ago
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