Indian shares rose notably on Monday after Federal Reserve Chair Jerome Powell signaled the U.S. central bank is prepared to begin cutting interest rates at its next monetary policy meeting in September. The time has come for policy to adjust, Powell said at the Jackson Hole Economic Symposium, although he noted the timing and pace...
Biotechnology company Ocugen, Inc. (OCGN) announced Monday that Health Canada provided a No Objection Letter to initiate the OCU400 Phase 3 liMeliGhT clinical trial in Canada. OCU400 is a modifier gene therapy product candidate being developed for retinitis pigmentosa (RP). Currently there are approximately 10,000 patients in Canada with RP and 1.6 million patients globally....
Inflationary pressures in the U.K. are easing, but it is too early to declare a victory, Bank of England Governor Andrew Bailey said Friday. Recent experience leads me to be cautiously optimistic that inflation expectations are better anchored as a result of the regimes we have in place, Bailey said in his speech at the...
The value of the U.S. dollar saw a notable rebound during Thursdays trading but has pulled back sharply during trading on Friday. The U.S. dollar index has slumped by 0.81 points or 0.8 percent to 100.70, falling to its lowest levels in over a year. The buck is trading at 144.35 yen versus the 146.29...
Singapore will on Monday release July figures for industrial production, highlighting a light day for Asia-Pacific economic data. Industrial production is expected to fall 1.3 percent on month and 1.1 percent on year after sinking 3.8 percent on month and 3.9 percent on year in June. Thailand is scheduled to see July data for imports,...
The South Korea stock market on Friday halted the three-day winning streak in which it had collected more than 30 points or 1.1 percent. The KOSPI now rests just above the 2,700-point plateau although it figures for see renewed support on Monday. The global forecast for the Asian markets is positive on optimism over the...
After reporting decreases by first-time claims for U.S. unemployment benefits over the two previous weeks, the Labor Department released a report on Thursday showing a modest rebound by initial jobless claims in the week ended August 17th. The report said initial jobless claims rose to 232,000, an increase of 4,000 from the previous weeks revised...
Omnichannel retail giant Walmart Inc. has joined with quick service hamburger chain Burger King for offering exclusive dining benefit for Walmart+ members. In a first-of-its-kind partnership, Walmart+ members, starting Today, will enjoy 25% off any Burger King digital order every day. Further, starting in September, members can receive a free flame-grilled Whopper every three months...
Luxury home furnishing retailer Williams-Sonoma Inc. (WSM) reported Thursday that net earnings for the second quarter grew to $225.75 million or $1.74 per share from $201.51 million or $1.56 per share in the prior-year quarter. On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of $1.60 per share for the...
The National Transportation Safety Board or NTSB has opened an investigation into the recent crash and fire of a Tesla Inc. Semi truck in California. In the incident, the Tesla Semi ran off the road on Interstate 80 near Emigrant Gap, California in the early morning Monday. Though no one was injured in the accident,...