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Chinese Yuan Rises To 16-month High As China Steps Up Stimulus

Chinese Yuan Rises To 16-month High As China Steps Up Stimulus

The Chinese yuan strengthened against the U.S. dollar in the European session on Tuesday, after China's central bank unveiled its biggest stimulus since the pandemic to support the economy and counter a prolonged downturn in the property sector.
RTTNews | Pred 25 dňami
German Ifo Business Confidence At 8-Month Low

German Ifo Business Confidence At 8-Month Low

German business sentiment continued to weaken to hit its lowest level in eight months in September, suggesting that the economy is slipping into a recession, survey results from the ifo Institute revealed Tuesday. The business confidence index fell more-than-expected to 85.4 in September from 86.6 in the previous month. The score was seen at 86.1.
RTTNews | Pred 25 dňami
European Shares Inch Higher On China Stimulus

European Shares Inch Higher On China Stimulus

European stocks traded higher on Tuesday after China unleashed a swath of stimulus measures including cuts to its benchmark interest rate to put the economy out of its deflationary funk and back towards the government's growth target.
RTTNews | Pred 25 dňami
FTSE 100 Modestly Higher After Bailey's Comments

FTSE 100 Modestly Higher After Bailey's Comments

U.K. stocks eked out modest gains on Tuesday as China unveiled a raft of stimulus measures and the Bank of England (BoE) Governor Andrew Bailey said he doesn't expect a return to low rates.
RTTNews | Pred 25 dňami
Yen Falls After BoJ Ueda Signals No Rush To Hike

Yen Falls After BoJ Ueda Signals No Rush To Hike

The Japanese yen weakened against other major currencies in the European session on Tuesday, after the Bank of Japan's Governor Kazuo Ueda signaled that the central bank is not in a rush to raise interest rates.
RTTNews | Pred 25 dňami
CAC 40 Rallies On China Stimulus Cheer

CAC 40 Rallies On China Stimulus Cheer

French stocks were sharply higher on Tuesday after China's central bank unveiled its biggest stimulus since the pandemic to support the economy and counter a prolonged downturn in the property sector.
RTTNews | Pred 25 dňami
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DAX Rallies As China Unveils Aggressive Stimulus

DAX Rallies As China Unveils Aggressive Stimulus

German stocks advanced on Tuesday after China unleashed a swath of stimulus measures including cuts to its benchmark interest rate to put the economy out of its deflationary funk and back towards the government's growth target.
RTTNews | Pred 25 dňami
China Central Bank Unveils Monetary Easing Package

China Central Bank Unveils Monetary Easing Package

China's central bank announced a slew of stimulus measures as the economy struggle to achieve its growth target amid continuing property market downturn, weak domestic activity and rising deflationary pressures. At a press conference on Tuesday, People's Bank of China Governor Pan Gongsheng said the bank will reduce the reserve requirement ratio by 50 basis points.
RTTNews | Pred 25 dňami
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the European session on Tuesday.
RTTNews | Pred 25 dňami
Gilead Recalls COVID-19 Drug Veklury For Injection

Gilead Recalls COVID-19 Drug Veklury For Injection

Foster City, California-based Gilead Sciences, Inc. is recalling one lot of Veklury (remdesivir) for Injection 100 mg/vial for treating COVID-19, to the consumer level, due to the presence of a glass particle, according to the U.S. Food and Drug Administration. The recall involves Veklury (remdesivir 100mg for injection) with NDC 61958-2901-02, lot # 47035CFA and Expiration Date 11/2025.
RTTNews | Pred 25 dňami

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