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RBA Minutes On Tap For Tuesday
The Reserve Bank of Australia will on Tuesday release the minutes from its July 5 monetary policy meeting, highlighting a light day for Asia-Pacific economic activity.
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TSX Ends On Strong Note Despite Coming Off Day's High
Despite coming off the day's high in late afternoon trades, the Canadian market finished on a strong note on Monday, led by strong gains in energy, healthcare, technology and materials sectors.
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Dollar Loses Ground As Aggressive Rate Hike Concerns Recede
The U.S. dollar drifted lower against most of its major rivals on Monday amid expectations the Federal Reserve will be less aggressive at its upcoming meeting later this month.
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Swiss Market Pares Gains, Ends Just Modestly Higher
After opening marginally up and moving further higher Monday morning, the Switzerland stock market stayed firm around mid afternoon but gradually pared gains as the session progressed.
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European Stocks Close Higher For 2nd Straight Day
European stocks closed on a firm note on Monday, extending gains for a second straight session, amid rising expectations the Federal Reserve will be less aggressive at its upcoming meeting.
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Canadian Market Up Firmly As Stocks Rally On Global Cues
The Canadian market is up firmly in positive territory a little before noon on Monday, with stocks from across several sectors posting impressive gains on strong buying support.
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U.S. Homebuilder Confidence Plunges To Two-Year Low In July
With high inflation and increased interest rates stalling the housing market, the National Association of Home Builders released a report on Monday showing a substantial deterioration in U.S homebuilder confidence in the month of July.
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Acer Therapeutics Resubmits NDA For ACER-001 For Treatment Of Urea Cycle Disorders
Pharmaceutical company Acer Therapeutics Inc. (ACER) announced Monday the resubmission of Acer's New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) for ACER-001 (sodium phenylbutyrate) for oral suspension for the treatment of patients with urea cycle disorders (UCDs).
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Euro Firms; U.S. Dollar Slips As Fed Rate Hike Concerns Recede
The euro climbed against its major counterparts in the European session on Monday, while the U.S. dollar dropped, as markets trimmed expectations of a larger Fed rate hike and China's central bank affirmed a stronger support to the economy, helping lift investor sentiment.
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Bay Street Looks Headed For Positive Start
Canadian shares look headed for a firm start on Monday, tracking positive global cues amid hopes the Federal Reserve will be less aggressive at its upcoming meeting later this month.
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Macy's To Now Bring Toys"R"Us Brand To Every Macy's Store In The US
Macy's, Inc. (M) announced Monday that it has expanded its partnership with WHP Global to bring the Toys"R"Us brand to every Macy's store in America this holiday season. This comes nearly a year after the expansive assortment of Toys"R"Us products were made online exclusively at macys.com/toysrus and ToysRUs.com, powered by Macy's digital and fulfillment ecosystem.
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Goldman Sachs Q2 Profit Dips 48%, Misses Estimates
Investment banking major Goldman Sachs Group reported Monday that profit for the second quarter declined 48 percent from last year, reflecting a 23 percent drop in net revenues and higher provisions for bad loans. Earnings for the quarter missed analysts' expectations, but quarterly revenues topped it.
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Nabriva Inks Exclusive Distribution Agreement With Er-Kim
Biopharmaceutical company Nabriva Therapeutics plc (NBRV) announced Monday that it has entered into an exclusive Distribution Agreement with Er-Kim, a leading partner for biotech companies in international markets, for the oral and intravenous formulations of XENLETA (lefamulin).
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