Canadian shares are likely to open with a negative bias on Thursday, weighed down by weak guidance from Facebook parent Alphabet, and disappointing results from IBM. Higher crude oil prices may trigger some buying in the energy sector and limit market\'s downside. Investors will also be reacting to a slew of earnings updates from Canadian...
The Labor Department released a report on Thursday showing an unexpected decrease by first-time claims for U.S. unemployment benefits in the week ended April 20th. The report said initial jobless claims fell to 207,000, a decrease of 5,000 from the previous week\'s unrevised level of 212,000. The dip surprised economists, who had expected jobless claims...
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,...
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...
Canadian Pacific Kansas City Ltd. (CP, CP.TO) reported Wednesday that first-quarter net income attributable to controlling shareholders declined to 3 percent to C$775 million or C$0.83 per share from C$800 million or C$0.86 per share in the prior-year quarter. Excluding items, core adjusted combined earnings for the quarter was C$0.93 per share, compared to C$0.90...