Indian shares opened on a sluggish note Wednesday as the dollar and bond yields jumped following relatively weak 2-year and 5-year auctions and after hawkish comments from Minneapolis Fed President Neel Kashkari. Surging oil prices amid escalating tensions in the Middle East and investor anxiety ahead of the general election results, due next week also...
European stocks may open on a sluggish note Wednesday as investors fret about the outlook for rates and watch closely the latest developments in the Middle East. Traders further reduced their rate cut expectations by the U.S. Federal Reserve after Minneapolis Fed President Neel Kashkari said he needs to see \"many more months of positive...
Flash inflation and consumer confidence from Germany and monetary aggregates from the euro area are the top economic news due on Wednesday. At 2.00 am ET, the market research group Gfk is scheduled to issue Germany\'s consumer confidence survey results. The confidence index is forecast to improve to -22.5 in June from -24.2 in May....
Consumer confidence in Germany is set to improve further in June on rising economic and income expectations amid slowing inflation and rising wages, results of a survey showed Wednesday. The consumer confidence index rose to -20.9 in June from a revised -24.0 in the previous month, the survey published jointly by GfK and the Nuremberg...
Immunology company Vir Biotechnology, Inc. (VIR) announced Wednesday that Mark Eisner will join the company as Executive Vice President and Chief Medical Officer (CMO), effective June 03, 2024. Eisner will be a part of the company\'s Executive Management Team and will report directly to Chief Executive Officer Marianne De Backer. Eisner brings to Vir deep...
Canadian shares look headed for a weak start Wednesday morning with some hawkish comments from Fed officials raising concerns about the outlook for interest rate. Weak metal prices are likely to weigh as well. Investors are likely to react to quarterly earnings updates from Bank of Montreal (BMO.TO) and National Bank of Canada (NA.TO). Bank...
The International Monetary Fund raised China\'s growth projections citing strong first quarter growth data and recent policy measures, but cautioned about downside risks to growth. The Washington-based lender expects the second-largest economy to grow 5 percent this year, which is faster than the 4.6 percent projected in April. Likewise, the outlook for 2025 was lifted...
BioNTech SE (BNTX) and the Coalition for Epidemic Preparedness Innovations or CEPI, announced Wednesday they are expanding their strategic partnership to contribute to building a sustainable and resilient end-to-end African vaccine ecosystem. CEPI is committing up to $145 million to support BioNTech to establish mRNA vaccine R&D, clinical and commercial-scale manufacturing capabilities at the Company\'s...
Reinsurance Group of America, Inc. (RGA) announced Wednesday that Axel Andre will join the company as Executive Vice President on June 24, 2024. Andre is expected to be named Chief Financial Officer (CFO), following a brief transition period, effective August 5. Andre will succeed Todd Larson, who served the company for nearly three decades. Larson...
International Distributions Services plc, the owner of Britain\'s 500-year old postal service and courier company Royal Mail, has agreed to a takeover offer by EP Corporate Group, owned by Czech billionaire Daniel Kretinsky. The total deal value is around 3.568 billion pounds on a fully diluted basis, while enterprise value is 5.284 billion pounds for...