Ahead of the long holiday weekend for the Hindu Saka New Year, the Indonesia stock market had moved higher in three straight sessions, advancing more than 130 points or 1.7 percent along the way. The Jakarta Composite Index now sits just above the 7,380-point plateau and it\'s expected to open in the green on Wednesday....
The Thai stock market has moved lower in back-to-back sessions, slipping more than 5 points or 0.3 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,380-point plateau although it may find traction on Wednesday. The global forecast for the Asian markets is positive on optimism over the outlook for...
German sportswear giant adidas AG Wednesday reported a narrower net loss in its fourth quarter amid weak revenues. In fiscal 2023, the company slipped to a loss, reportedly the first loss in 30 years, mainly reflecting Yeezy impact. Further, the company announced stable dividend, and said it sees improved operating profit and sales in fiscal...
Indian shares fell sharply on Wednesday, with Fed rate cut uncertainty and ongoing selloff in the mid-cap and small-cap space keeping investors nervous. U.S. core inflation came in higher than expected on Tuesday, denting hopes for an early rate cut by the Federal Reserve. Investor sentiment was also hit after a SEBI warning about the...
The Japanese yen weakened against other major currencies in the European session on Wednesday. The yen fell to a 5-day low of 161.73 against the euro, from an early high of 160.90. Against the pound, the U.S. dollar and the Swiss franc, the yen slipped to 189.26, 148.05 and 168.50 from early highs of 188.42,...
Petco Health and Wellness Co., Inc. (WOOF) announced Wednesday the Company\'s Board of Directors has appointed Michael Mohan to serve as Interim Chief Executive Officer, effective today. Ron Coughlin has stepped down as Petco\'s Chairman, CEO and member of the Board of Directors. He will serve as an advisor to the Board to support the...
The Japanese yen weakened against other major currencies in the European session on Wednesday, as investors digested mixed earnings results and looked ahead to the release of more U.S. data this week for clues on when the Federal Reserve will begin cutting interest rates. Meanwhile, new data showed earlier today that German wholesale prices continued...
Biotechnology company Voyager Therapeutics, Inc. (VYGR) announced the appointment of Toby Ferguson as Chief Medical Officer (CMO), effective March 25, 2024. Ferguson most recently served as Vice President, Head of Neuromuscular Development Unit at Biogen, Inc. Joining Biogen in 2013, Ferguson held positions of increasing responsibility, including as Medical Director, Senior Medical Director, Executive Medical...
Asian stocks ended mixed on Tuesday following sluggish overnight cues from Wall Street and Europe. The upside, if any, remained capped before key U.S. inflation data out later in the day that might offer some clarity over the path of interest rates. The dollar steadied and gold slipped from record highs while oil prices rose...
German stocks traded slightly higher on Tuesday after final data from Destatis revealed that German inflation eased in February as initially estimated. The consumer price inflation slowed to 2.5 percent in February from 2.9 percent in January on weaker energy and food prices. The last time inflation was lower was in June 2021, when it...