French drug major Sanofi plans to invest around 1 billion euros or about $1.05 billion to build a new insulin manufacturing base in Beijing, China, reports said. The move represents Sanofis single largest investment in China so far, where it has been present for more than 40 years. The investment will boost the manufacturing of...
A report released by the Labor Department on Tuesday showed job openings in the U.S. increased by more than expected in the month of October. The Labor Department said job openings climbed to 7.744 million in October from a downwardly revised 7.372 million in September. Economists had expected jobless claims to rise to 7.480 million...
European stocks closed higher on Tuesday, with the German market closing at a record high, as investors kept a close on the political developments in France, and looking ahead to some key economic data from the U.S. Mining, energy and technology stocks rising after new U.S. curbs on tech exports to China fell short of...
The Swiss franc advanced against its most major counterparts in the New York session on Tuesday. The franc rose to 0.8829 against the greenback and 0.9291 against the euro, from an early low of 0.8888 and a 4-day low of 0.9325, respectively. The franc touched 1.1187 against the pound, setting a 4-day high. The currency...
The Switzerland market ended slightly up on Tuesday after a choppy rise as investors largely made cautious moves, reacting to the nations inflation report, and looking ahead to some key economic data from the U.S. later in the week. The benchmark SMI closed up 5.08 points or 0.04% at 11,834.32. The index, which advanced to...
Australias gross domestic product expanded a seasonally adjusted 0.3 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Wednesday. That missed expectations for an increase of 0.5 percent, although it was up from 0.2 percent in the previous three months. On an annualized basis, GDO was up 0.8...
The services sector in Japan moved back into expansion territory in November, the latest survey from Jibun Bank revealed on Tuesday with a service PMI score of 50.5. Thats up from 49.7 in October, and it moves back above the boom-or-bust line of 50 that separates expansion from contraction. Japanese service providers registered a modest...
The private sector in Hong Kong continued to expand in November, albeit at a slower pace, the latest survey from S&P Global showed on Tuesday with a PMI score of 51.2. Thats down from 52.2 in October, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Business activity growth was...
The private sector in Singapore continued to expand in November, albeit at a slower pace, the latest survey from S&P Global showed on Tuesday with a PMI score of 53.9. Thats down from 55.5 in October, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Promotional efforts and rising client...
The China stock market has finished higher in three straight sessions, advancing almost 85 points or 2.6 percent along the way. The Shanghai Composite now sits just beneath the 3,380-point plateau and its got a positive lead again on Wednesday. The global forecast for the Asian markets is mixed to higher, supported by oil and...