Indian shares opened on a positive note Friday as global bond yields declined on expectations that the U.S. Federal Reserve will cut interest rates this year to prevent a bigger slowdown in the world\'s largest economy. Federal Reserve Bank of Atlanta President Raphael Bostic said he continues to expect one interest rate cut this year...
European stocks are seen opening broadly higher on Friday as investors eagerly await the release of closely watched U.S. inflation data later in the day that may shed additional clues on the interest-rate outlook. The Commerce Department\'s report on personal income and spending for May includes readings on inflation said to be preferred by the...
Moderna, Inc. (MRNA) announced Friday that the European Medicines Agency\'s (EMA) Committee for Medicinal Products for Human Use (CHMP) has adopted a positive opinion recommending the granting of marketing authorization in the European Union for mRESVIA (mRNA-1345) to protect adults aged 60 years and older from lower respiratory tract disease caused by RSV infection. Following...
The Commerce Department released closely watched consumer price inflation data on Friday, with the readings for the month of May coming in line with economist estimates. The report said the personal consumption expenditures (PCE) price index came in unchanged in May after rising by 0.3 percent in April. The unchanged reading matched expectations. The core...
Procaps Group, S.A. (PROC) announced Friday that Ruben Minski has resigned from his role as Executive Chairman of the Board, effective June 30. Minski will continue to serve as a member of the Board of Directors. The Board of Directors of the Company has appointed Jose Minski, currently a member of the Board and Chair...
The Commerce Department released closely watched consumer price inflation data on Friday, with the readings for the month of May coming in line with economist estimates. The report said the personal consumption expenditures (PCE) price index came in unchanged in May after rising by 0.3 percent in April. The unchanged reading matched expectations. The core...
A report released by MNI Indicators on Friday showed a substantial slowdown in the pace of contraction in Chicago-area business activity in the month of June. MNI Indicators said its Chicago business barometer surged to 47.4 in June from 35.4 in May, although a reading below 50 still indicates contraction. Economists had expected the business...
Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by much less than previously estimated in the month of June. The University of Michigan said the consumer sentiment index for June was upwardly revised to 68.2 from the preliminary reading of 65.6. The revised reading is still...
The Hong Kong stock market has moved higher in two straight sessions, advancing more than 60 points or 0.3 percent along the way. The Hang Seng Index now rests just beneath the 18,090-point plateau and it may move higher again on Thursday. The global forecast for the Asian markets is mixed and flat ahead of...
The Australian market is sharply lower on Thursday, adding to the losses in in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 7,700 level, as traders react to hot inflation data that stoked fears the Reserve Bank of Australia could raise interest rates...