Forex News
Bay Street Seen Opening On Positive Note
Canadian shares may open higher on Thursday amid optimism about further easing by the Federal Reserve, and hopes of more stimulus from the Chinese government. Firm bullion prices may trigger strong buying in the materials section and contribute to market's rise.
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108 days ago
Swiss Central Bank Trims Policy Rate; Hints At Further Cuts
The Swiss National Bank reduced its key policy rate by 25 basis points for the third straight meeting and signaled additional easing as the franc's 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.
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108 days ago
Bayer Submits SNDA For Expanded Use Of NUBEQA In Metastatic Hormone-Sensitive Prostate Cancer To FDA
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).
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108 days ago
OpenAI To Restructure Non-profit Control, Give CEO Sam Altman Equity; CTO Resigns
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 executive Sam Altman will also...
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108 days ago
Sensex Soars 666 Points, Nifty Ends Above 26,200
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.
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108 days ago
Eurozone Bank Lending To Households Rise Most In 10 Months
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 increase since October 2023.
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108 days ago
European Shares Rally As China Pledges More Stimulus
European stocks bounced back on Thursday, after having snapped a two-day winning streak the previous day.
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108 days ago
more news
FTSE 100 Modestly Higher As Energy Stocks Tumble
U.K. stocks eked out modest gains on Thursday as falling oil prices weighed on the energy sector, offsetting optimism over new stimulus measures from China.
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109 days ago
CAC 40 Climbs As China Announces New Stimulus Measures
French stocks advanced on Thursday, with expectations of another big U.S. interest rate cut this year and optimism over fresh stimulus measures from China boosting investor sentiment.
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109 days ago
DAX Rallies As China Steps Up Economic Support
German stocks rallied on Thursday after China's top leaders ramped up urgent efforts to revive growth with pledges to support fiscal spending and stabilize the beleaguered property sector.
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109 days ago
Asian Shares Rally As China Vows To Step Up Fiscal Support
Asian stocks rose sharply on Thursday as U.S. memory chip maker Micron forecast higher than expected first-quarter revenue and China's politburo vowed to step up fiscal support to stabilize the beleaguered property sector.
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109 days ago
German Consumer Sentiment To Recover Moderately: GfK
German consumer confidence will recover moderately in October despite weaker economic outlook, survey data published jointly by GfK and the Nuremberg Institute for Market Decisions showed Thursday. The forward-looking consumer sentiment index rose to -21.2 in October from -21.9 in September. The score was forecast to fall to -22.4.
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109 days ago
European Shares Seen Up As Micron's Earnings Beat Estimates
European stocks may open on a firm note Thursday as Micron Technology's better-than-expected revenue outlook raised hopes for robust chip demand.
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109 days ago
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