While the U.S. economic calendar starts the week off relatively quiet, several key events are likely to attract attention in the coming days. Federal Reserve Chair Jerome Powell\'s congressional testimony is likely to be in focus, as investors on Wall Street analyze the central bank chief\'s comments for clues about the outlook for interest rates....
Zevra Therapeutics, Inc. (ZVRA) announced Monday the U.S. Food and Drug Administration (FDA) has extended the review period for the New Drug Application (NDA) for arimoclomol, an investigational orally delivered, first-in-class treatment for Niemann-Pick disease type C (NPC). In addition, the FDA has set a new Prescription Drug User Fee Act (PDUFA) action date of...
The European Commission said fined Apple Inc. over 1.8 billion euros for abusing its dominant position through its App Store on the market for the distribution of music streaming apps to iPhone and iPad users or iOS users. In pre-market activity on Nasdaq, Apple shares were losing around 1.3 percent to trade at $177.37. According...
Eurozone investor confidence improved for the fifth straight month to a one-year high in March but remained negative indicating that a spring revival would probably be an exaggeration, survey data published by the behavioral research institute Sentix showed Monday. The investor confidence index rose to -10.5 in March from -12.9 in February. The score was...
Indian shares traded sharply higher on Friday after the Federal Reserve\'s preferred inflation gauge met consensus forecasts, helping ease concerns surrounding interest-rate cuts. Strong Q3 GDP data also boosted investor sentiment. The benchmark S&P BSE Sensex was up 675 points, or 0.9 percent, at 73,175 in early trade while the broader NSE Nifty index was...
Falconer, New York-based MF Meats is recalling around 93,277 pounds of raw meat products citing potential contamination with a non-food grade substance, the U.S. Department of Agriculture\'s Food Safety and Inspection Service or FSIS announced. The affected products may have been contaminated with non-food grade mineral seal oil, which is not approved for use in...
Inflation, unemployment and final manufacturing Purchasing Managers\' survey results from the euro area are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, the UK Nationwide house price data is due for February. Economists forecast house prices to grow 0.7 percent annually after easing 0.2 percent in January....
European stocks may open on a positive note Friday as January U.S. inflation data reinforced expectations for a June cut to interest rates. Eurostat will release Eurozone Harmonized Index of Consumer Prices (HICP) data for February later today and it is likely that the data would strengthen the case for the European Central Bank to...
The Chinese yuan weakened against the U.S. dollar in the Asian session on Friday. In economic news, data from Caixin showed that the manufacturing sector in China continued to expand in February, and at a slightly faster rate, with a manufacturing PMI score of 50.9. That\'s up from 50.8 in January, and it moved further...
Asian shares turned in a mixed performance on Friday after the release of key U.S. and Chinese economic data. A key U.S. inflation metric closely watched by the Federal Reserve increased at the slowest rate in nearly three years, fueling hopes for a Fed rate cut in June. China reported mixed data, increasing pressure on...