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...
European stocks may open on a sluggish note Friday after Federal Reserve Chair Jerome Powell signaled a cautious approach on rate cuts, given persistent inflationary pressures. Asian stocks traded mixed, with Japanese markets leading regional gains as weak GDP data dampened expectations for more rate hikes by the Bank of Japan. Chinese stocks were declining...
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...
Shares of Dominos Pizza Inc. and swimming pool supplier Pool Corp. gained significantly in the extended trading in New York on Thursday after billionaire investor Warren Buffetts Berkshire Hathaway Inc. took stake in them. In the pre-market activity, Dominos shares were moving up 8 percent and Pool shares were up 7 percent. Meanwhile, the Omaha,...
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,...
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...
The Eurozone economic growth is projected to pick up next year with acceleration of domestic demand despite risks to global trade from protectionist measures. In the Autumn Forecast, the European Commission retained the economic growth outlook for 2024 at 0.8 percent. The currency bloc continued to grow at a subdued pace through the second and...
Partly reflecting a jump in sales by motor vehicle and parts dealers, the Commerce Department released a report on Friday showing retail sales in the U.S. increased by slightly more than expected in the month of October. The Commerce Department said retail sales rose by 0.4 percent in October after growing by an upwardly revised...
The Labor Department released a report on Friday showing an unexpected increase by import prices in the U.S. in the month of October. The report said import prices rose by 0.3 percent in October after falling by 0.4 percent in September. Economists had expected import prices to edge down by 0.1 percent. Meanwhile, the Labor...
The services sector in New Zealand continued to contract in October, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 46.0. That was up from 45.7 in September, although it remains well beneath the boom-or-bust line of 50 that separates expansion from contraction....