Indian Markets Closed For Public Holiday

Indian stock markets remain closed today on account of Guru Nanak Jayanti. Benchmark indexes Sensex and Nifty ended marginally lower on Thursday, extending losses for a sixth straight session as foreign investors continued selling domestic equities. The rupee settled at a new low of 84.41 against the dollar. Domestic institutional investors (DIIs) bought shares worth...

Read More

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as traders react to a bunch of upbeat economic data from the region, including upbeat GDP data from Japan. Regional gains remained very modest after the U.S. Fed said it would slash interest rates carefully amid inflation...

Read More

FDA Approves PTCs Kebilidi As First Gene Therapy To Treat AADC Deficiency

The U.S. Food and Drug Administration approved PTC Therapeutics, Inc.s Kebilidi (eladocagene exuparvovec-tneq) gene therapy for the treatment of aromatic L-amino acid decarboxylase or AADC deficiency. Kebilidi is the first FDA-approved gene therapy for the deficiency. PTC shares gained around 8.5 percent in the extended trading on the Nasdaq on Thursday, at $45.97. AADC deficiency...

Read More

Pound Slides On Disappointing U.K. GDP Data

The British pound weakened against other major currencies in the European session on Friday, after data showed a sharp slowdown in the third quarter growth. Data from the Office for National Statistics showed that the U.K. economy grew only marginally in the third quarter on weak services output. Gross domestic product grew 0.1 percent sequentially,...

Read More

CPSC Recalls: Bicycles, DeNova Alarms, Planter Boxes, YOYO3 Strollers

The U.S. Consumer Product safety Commission or CPSC has announced recalls including woom Bikes USAs childrens bicycles, New Cosmos USAs combination Natural Gas and Carbon Monoxide Alarms, Outdoor Essentials Cultivar Planter Boxes, Stokkes YOYO3 Strollers, Hallmarks Cad Bane Christmas Tree Ornaments, as well as Petidouxs Childrens Pajamas. In most of the recalls, consumers are urged...

Read More