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Swiss Franc Climbs As Weak Eurozone Data Dampens Sentiment
The Swiss franc firmed against its major counterparts in the European session on Monday amid safe-haven status, as Eurozone business activity contracted for a fifth successive month in November, intensifying fears of a recession in the currency bloc.
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Bay Street Likely To See Mixed Start
Canadian shares are likely to open on a mixed note on Monday, tracking weak European stocks, and the trend in commodity markets.
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UK In Recession As Services Fall Further Amid Cost Of Living Crisis
The UK service sector registered a moderate contraction in November as economic uncertainty and the cost of living crisis dampened discretionary spending, which in turn hurt demand, final survey data from S&P Global showed on Monday. Elsewhere, the Confederation of British Industry cautioned that the UK will see a lost decade if no action is taken. With rocketing inflation and negative growth, Br
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Verizon Says Manon Brouillette Steps Down As CEO Of Verizon Consumer Group
Verizon Communications Inc. (VZ) announced Monday that Manon Brouillette, CEO of Verizon Consumer Group, has stepped down from the role she has held since January 2022.
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Ligand Pharma CEO John Higgins Retires; Todd Davis To Succeed Higgins As CEO
Ligand Pharmaceuticals Inc. (LGND) announced Monday that John Higgins has retired as Chief Executive Officer, effective as of today. Higgins will resign as a director of the company on December 31, 2022.
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Diffusion Board Urges Stockholders To Vote "FOR" Each Of Its Six Nominees For Director
Biopharmaceutical company Diffusion Pharmaceuticals Inc. (DFFN) said Monday in a letter to its stockholders that the Company's board of directors continue to take steps to unlock stockholder value through a strategic review process.
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Further Evidence Of Eurozone In Recession?
Separate data release on Monday painted a mixed picture for the euro area, but economists continued to assess that the single currency bloc is sliding into recession, as the European Central Bank prepares for another interest rate hike next week. The purchasing managers' survey by S&P Global showed that downturn in the euro area private sector extended for a fifth month in a row in November.
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more news
HilleVax Reports Positive Immunogenicity Results For Phase 2b Trial For HIL-214
Biopharmaceutical company HilleVax, Inc. (HLVX) reported Monday positive results from a prespecified immunogenicity analysis of the 203 subjects enrolled in the run-in cohort of NEST-IN1 (Norovirus Efficacy and Safety Trial for INfants), the company's ongoing Phase 2b trial for HIL-214, its investigational virus-like particle (VLP) based vaccine candidate for the prevention of moderate-to-severe norovirus-related acute gastroenteritis (AGE) in infants.
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China Yuchai Says End-use Check Conducted On Subsidiary By U.S. Department Of Commerce
China Yuchai International Ltd. (CYD) provided on Monday an update that, further to the release on October 16, 2022, an end-use check has been conducted on its subsidiary, Guangxi Yuchai Machinery Co. Ltd. or GYMCL, by the U.S. Department of Commerce.
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UK New Car Sales Bounce Back On Electric Vehicle Demand
Car sales in the UK grew for a fourth month in a row in November, largely led by the rising demand for electric vehicles, figures from the automotive industry trade group the Society of Motor Manufacturers and Traders, or SMMT, showed Monday.
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Sensex, Nifty End Little Changed; Metal Stocks Surge
Indian shares ended Monday's session little changed, tracking mixed global cues after robust U.S. jobs data released on Friday stirred anxiety over the pace of future rate increases.
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European Shares Broadly Lower On Growth Concerns
European stocks were broadly lower on Monday after a survey showed business activity in the euro zone declined for a fifth month in November, adding to the likelihood that the euro zone is sliding into a mild recession.
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Foxconn's IPhone Plant In China May Resume Full Production In Late Dec- Early Jan.
Foxconn, Apple Inc.'s key iPhone assembler, expects that its major plant in China, which is being hit hard by worker unrest following Covid-19 spread and related restrictions, would restart full production around late December to early January, Reuters reported citing a Foxconn source.
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