European stocks bounced back on Thursday, after having snapped a two-day winning streak the previous day. Sentiment was underpinned by expectations of another big U.S. interest rate cut this year and optimism over fresh stimulus measures from China. Meanwhile, the Swiss National Bank reduced its key policy rate by 25 basis points for the third...
Bank lending to households in the euro area logged its fastest growth in ten months in August, however, the pace of growth was weak, data published by the European Central Bank revealed Thursday. Lending to households moved up 0.6 percent from a year ago, following a 0.5 percent rise in July. Lending marked the biggest...
Indian shares rose notably on Thursday to reach new record-high closing levels after a handful of Federal Reserve officials left the door open to another large rate cut. According to the CME FedWatch tool, the chances of a jumbo 50-bps cut in November currently remain above 60 percent. A sharp fall in oil prices also...
Chatbot ChatGPT maker OpenAI, which was founded as a non-profit to build safe and beneficial artificial general intelligence or AGI for the benefit of humanity, is considering plans to restructure its core business to become a for-profit benefit business, aiming to attract more investors, reports said citing sources familiar with the matter. Co-founder and Chief...
German pharmaceutical company Bayer AG (BAYZF.PK, BAYRY.PK, BYR.L) announced Thursday the submission of a supplemental new drug application (sNDA) to the U.S. Food and Drug Administration (FDA) for the oral androgen receptor inhibitor (ARi) NUBEQA (darolutamide) in combination with androgen deprivation therapy (ADT) for the treatment of patients with metastatic hormone-sensitive prostate cancer (mHSPC). The...
The Swiss National Bank reduced its key policy rate by 25 basis points for the third straight meeting and signaled additional easing as the francs strength had lowered inflationary pressure. At the final rate-setting meeting of Thomas Jordan as chairman, the policy board lowered the policy rate to 1.0 percent from 1.25 percent, as expected....
The Taiwan stock market has moved higher in six straight sessions, collecting more than 1,200 points or 5.4 percent along the way. The Taiwan Stock Exchange now sits just above the 22,850-point plateau and its called higher again on Friday. The global forecast for the Asian markets is positive on continued optimism over the outlook...
The China stock market has tracked higher in seven straight sessions, advancing more than 280 points or 10.6 percent along the way. The Shanghai Composite now sits just above the 3,000-point plateau although investors figure to lock in gains on Friday. The global forecast for the Asian markets is positive on continued optimism over the...
The Singapore stock market has finished lower in three straight sessions, slumping more than 55 points or 1.5 percent along the way. The Straits Times Index now sits just above the 3,580-point plateau although it may stop the bleeding on Friday. The global forecast for the Asian markets is positive on continued optimism over the...
The Indonesia stock market ticked higher again on Thursday, one day after ending the modest two-day winning streak in which it had picked up more than 35 points or 0.5 percent. The Jakarta Composite Index now rests just beneath the 7,745-point plateau and its expected to open to the upside again on Friday. The global...