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South Korea Export Prices Sink 7.5% On Year In April
Export prices in South Korea were down 7.5 percent on year in April, the Bank of Korea said on Tuesday - exceeded expectations for a decline of 9.0 percent following the 6.2 percent drop in March.
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TSX Ends On Firm Note
The Canadian market closed on a firm note on Monday, riding on gains in energy, materials and technology stocks. Several stocks from financials and real estate sectors moved up as well.
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Dollar Loses Ground Against Major Rivals
The U.S. dollar weakened against most of its major counterparts on Monday with investors largely consolidating gains and focusing on talks over the debt ceiling issue.
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Swiss Market Ends Slightly Up
The Switzerland stock market ended slightly up on Monday, giving up most of its gains in the final hour of the day's session.
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European Stocks Close On Mixed Note
European stocks closed mixed on Monday with investors digesting the latest batch of economic data from the region and weighing the outlook for the global economy in general and the European economy in particular.
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Canadian Market Up In Positive Territory, As Resources, Technology Stocks Rise
The Canadian market is up in positive territory a little past noon on Monday, led by gains in energy, materials and technology sectors.
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Dollar's Dominance Rises Despite Lingering Debt Ceiling Concerns
Currency markets witnessed an uptick in the Dollar's dominance in the week spanning May 8 to May 12, amidst fresh inflation readings that underscored latent price pressures in the U.S. economy as well as trade and inflation data from China that portended deflationary conditions.
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New York Manufacturing Index Plunges Much More Than Expected In May
New York manufacturing activity has seen a substantial downturn in the month of May, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index plummeted to a negative 31.8 in May from a positive 10.8 in April, with a negative reading indicating a contraction.
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EU Lifts Eurozone Growth & Inflation Projections
The European Commission raised the euro area economic growth and inflation projections for this year and next on Monday, but warned that the single currency bloc faces several risks that policymakers must monitor closely. The currency-bloc is projected to grow 1.1 percent this year and 1.6 percent in 2024, the executive arm of the EU said in its Spring economic forecast.
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Enveric Biosciences Plans About 35 Percent Reduction In Full-time Personnel
Biotechnology company Enveric Biosciences, Inc. (ENVB) announced Monday a cost reduction plan resulting in approximately 40% to 55% decrease in expenses and extension of financial runway into the first quarter of 2024.
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Euro, Pound Advance On Progress In Debt Ceiling Talks
The euro and the pound firmed against their major counterparts in the European session on Monday, as U.S. debt ceiling jitters eased following President Joe Biden's remarks that he is hopeful of reaching a deal to raise the borrowing limit.
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Allergan Aesthetics Says FDA Approves SKINVIVE By JUVEDERM
Allergan Aesthetics, an AbbVie company (ABBV), announced Monday the U.S. FDA approval of SKINVIVE by JUVEDERM to improve skin smoothness of the cheeks in adults over the age of 21.
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New York Manufacturing Index Plunges Much More Than Expected In May
New York manufacturing activity has seen a substantial downturn in the month of May, according to a report released by the Federal Reserve Bank of New York on Monday.
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