Germany\'s consumer confidence is set to rise again in May to hit a two-year high as households turned more optimistic about future income, adding to the list of positive indicators that suggests the biggest euro area economy is likely to undergo a very shallow recession. The forward-looking consumer sentiment index rose to -24.2 in May...
The U.S. dollar weakened against the euro and the pound in the Asian session on Wednesday. The U.S. dollar fell to nearly a 1-week low of 1.0715 against the euro, from yesterday\'s closing value of 1.0699. Against the pound, the greenback slid to a 5-day low of 1.2465 from Tuesday\'s closing value of 1.2448. If...
The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, following the release of Australia\'s higher-than-expected consumer prices on quarter in the first quarter of 2024. Data from the Australian Bureau of Statistics showed that the consumer prices in Australia were up a seasonally adjusted 1.0 percent on quarter in the...
Dr. Reddy\'s Laboratories Ltd. is recalling six lots of Sapropterin Dihydrochloride Powder for Oral Solution 100 mg to the consumer level. According to the U.S. Food and Drug Administration, the recall was due to powder discoloration in some packets leading to decreased potency. The product is indicated to reduce blood phenylalanine (Phe) levels in adult...
The Japanese yen weakened against their major currencies in the Asian session on Wednesday, as markets expect currency intervention by Japanese authorities to prop up the currency ahead of this week\'s Bank of Japan policy meeting. Traders await the BOJ\'s two-day policy meeting starts on Thursday for cues on when the central bank will raise...
Asian stocks advanced on Wednesday as focus remained on earnings reports from the U.S. megacaps due this week. Facebook owner Meta Platforms will declare its first-quarter earnings later today, while Microsoft and Alphabet will report their financial results on Thursday. Electric vehicle giant Tesla announced plans to introduce new vehicle models earlier than previously anticipated,...
Hackers exposed more information about El Salvador’s state-run Bitcoin wallet, Chivo, on April 23 after publicly leaking the personal data of its millions of users earlier this month. Hacker group CiberInteligenciaSV released part of the software wallet’s source code on BreachForums – a black hat hacking forum. El Salvador Hackers Strike Again “This time I bring...
As Bitcoin (BTC/USD) hovers around $66,980, up approximately 1%, attention intensifies on its upward trajectory, potentially surging towards $70,000. Recent developments in the cryptocurrency market, particularly the influx of $59.7 million into U.S. Bitcoin ETFs after a period of outflows, signal a shift in sentiment. As institutional players like Grayscale’s GBTC near 300,000 Bitcoins, and...
Danish pharmaceutical company Ascendis Pharma A/S (ASND) announced that the United Kingdom\'s Medicines & Healthcare products Regulatory Agency (MHRA) has granted marketing authorization for YORVIPATH (palopegteriparatide; developed as TransCon PTH) in Great Britain as a parathyroid hormone (PTH) replacement therapy indicated for the treatment of adults with chronic hypoparathyroidism The MHRA has also granted YORVIPATH...
Coca-Cola inked a $1.1 billion five-year partnership deal on April 23 with Microsoft to explore and integrate the tech company’s cloud and artificial intelligence (AI) solutions across the beverage giant’s global operations. According to the Coca-Cola AI agreement with Microsoft, the beverage production company will collaborate on experimenting with its Azure cloud computing platform. Coca-Cola...