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Cost-cutting measures and improving end markets gave investors cause for optimism this week.
India's rupee rose slightly, while government bonds were unable to gain meaningfully on the day of the much-awaited inclusion of the country's sovereign debt into a widely-tracked JPMorgan debt index as inflows underwhelmed investors. Foreign exchange market indicators had pointed to inflows, likely due to passive funds buying bonds, but multiple market participants said the quantum of inflows was sharply lower than anticipated. By 4:00 p.m. IST on Friday, traders said a maximum of 40 billion rupees ($480 million) may have come into government bonds.
U.S. sanctions imposed on Moscow this month have complicated the foreign trade operations of Russian banks, but they are gradually adapting to the new realities, the finance director of VTB, Russia's second-largest lender, said on Friday. On June 12, the U.S. imposed Ukraine-related sanctions on the Moscow Exchange, which stopped trading in currency pairs with the dollar and euro. The sanctions package also targeted China-based companies selling semiconductors to Moscow, and the U.S. Treasury said it was raising "the risk of secondary sanctions for foreign financial institutions that deal with Russia's war economy," effectively threatening them with losing access to the U.S. financial system.
Pending approval, erdafitinib would become the first therapy targeting FGFR3 alterations in patients with metastatic urothelial carcinoma, one of Europe’s most common cancers1 The CHMP’s recommendation is based on results from Cohort 1 of the Phase 3 THOR study, which showed a 36 percent reduction in the risk of death with erdafitinib versus chemotherapy2 BEERSE, Belgium , June 28, 2024 (GLOBE NEWSWIRE) -- Janssen-Cilag International NV, a Johnson & Johnson company, today announced that the Comm
As of 25 June, there have been a total of 275 confirmed cases in the UK, with case reporting rates “declining”, the UKHSA said.
The biggest news stories this morning: Please don’t get your news from AI chatbots, Bluesky starter packs help new users find their way, Amazon is giving away 15 free video games ahead of Prime Day 2024.
BEB hosted the first-ever multi-country delegation with Ecuador and Paraguay government officials in Plano, TX. The two countries are leaders in using Children First Software (CFS) to advance child welfare systems and came together to discuss lessons learned and plans for the future.
Positive recommendation is based on two Phase III studies. In addition to robust retinal drying with Vabysmo, these data show early and sustained vision improvements, which are non-inferior to aflibercept If approved, Vabysmo would be the first and only bispecific antibody treatment available for the nearly one million people with RVO in the European UnionVabysmo is already approved in the US and Japan for RVO and in more than 95 countries around the world for people living with nAMD and DME Bas
NEW YORK, June 28, 2024--Winning a new mandate from asset manager Nuveen, Citi Securities Services’ ETF Services business has onboarded 23 new ETFs with approximately US$9 billion in assets in North America. The book is comprised of both transparent and non-transparent ETFs.