The Japanese yen weakened against other major currencies in the European session on Wednesday, as investors looked ahead to Thursday\'s ECB meeting and the release of U.S. labor market data on Friday for directional cues. The European Central Bank is expected to ease borrowing costs by 25 basis points from the present record levels of...
Now disgraced FTX founder Sam Bankman-Fried (SBF) is back at the Metropolitan Detention Center (MDC) in Brooklyn, New York to work on his appeal following nearly a week spent at a transfer facility in Oklahoma, inmate records reveal. FTX Founder SBF Back In NYC Prison, Working On Appeal It appears the now-convicted crypto fraudster was...
Consumer price inflation in the Philippines is consistent with existing projections and is likely to exceed the target range temporarily in the coming months, due to the impact of adverse weather on domestic agricultural output and positive base effects, the country\'s central bank Bangko Sentral ng Pilipinas said Wednesday. Official data released earlier in the...
The United Kingdom’s Competition Appeal Tribunal has initiated proceedings against six major cryptocurrency exchanges over their decision to delist Bitcoin SV (BSV) in 2019. The case, brought forward by plaintiffs seeking $9 billion in damages for missed opportunities, indicates more red lights on the ongoing legal complexities and significant financial stakes within the crypto industry....
Biotech company I-Mab (IMAB) announced Wednesday that it has entered into a clinical trial collaboration and supply agreement with Bristol Myers Squibb (BMY). The collaboration will evaluate the combination of givastomig, an investigational Claudin 18.2 x 4-1BB bispecific antibody jointly developed by I-Mab and ABL Bio, with Bristol Myers Squibb\'s immune checkpoint inhibitor, nivolumab, and...
German stocks advanced on Monday after a survey showed business conditions in the German manufacturing sector steadied further in May. The HCOB final Purchasing Managers\' Index (PMI) for German manufacturing rose to 45.4 from 42.5 in April, confirming a preliminary flash estimate as output and new orders declined at a much slower pace than the...
French stocks traded higher on Monday as a survey showed France\'s manufacturing PMI improved to 46.40 in May from 45.30 in April. Investors also braced for a key interest-rate decision from the European Central Bank this week. The benchmark CAC 40 was up 38 points, or half a percent at 8,030 after closing up 0.2...
U.K. stocks eked out modest gains on Monday after a survey by S&P Global showed manufacturing in the U.K. increased to 51.2 in May, up from April\'s 49.1 and marking the highest reading since July 2022. The benchmark FTSE 100 was up 29 points, or 0.4 percent, at 8,304 after rising half a percent on...
European stocks traded higher on Monday amid bets that the European Central Bank (ECB) will deliver its first interest-rate cut of the cycle on Thursday. Also helping underpin investor sentiment, Eurozone manufacturing PMI was finalized at 47.3 in May, up from April\'s 45.7 and reaching a 14-month high. Elsewhere, a survey by S&P Global showed...
Indian shares hit new record highs on Monday, with buying seen across the board after many exit polls predicted a clean sweep for the BJP-led NDA in the Lok Sabha Elections 2024. A summary of exit polls project the NDA could win between 355 and 380 seats in the 543-member lower house of parliament. Vote...