By Lisa Pauline Mattackal and Divya Chowdhury MUMBAI (Reuters) – Investors are looking beyond the U.S. technology sector’s bounceback this year for longer-term returns, as higher interest rates and an uncertain macroeconomic picture could present further headwinds, fund managers and strategists said. The tech-heavy Nasdaq Composite has jumped 21% this year, more than doubling the…
By Noe Torres MEXICO CITY (Reuters) – The Mexican peso could remain the top performer among major global currencies in the coming weeks, despite Mexico’s central bank choosing to halt a nearly two-year rate-hike cycle, analysts said. The currency traded at 17.40 per dollar this week, its strongest in seven years, and experts believe the…
By Pratik Jain (Reuters) -The U.S. Food and Drug Administration on Friday approved Krystal Biotech Inc’s first-of-its kind topical gene therapy for patients with a genetic skin disorder, sending its shares up 7% in afternoon trading. Patients with the rare dystrophic epidermolysis bullosa disorder suffer from open wounds, causing skin infections and are at an…
WASHINGTON (Reuters) – Amgen Inc has agreed not to quickly close on its $27.8 billion acquisition of Horizon Therapeutics after the U.S. Federal Trade Commission (FTC) filed suit to block the deal. A U.S. district court judge issued a temporary restraining order late on Wednesday after the two companies and the FTC reached an agreement…
WASHINGTON (Reuters) – Amgen Inc has agreed not to quickly close on its $27.8 billion acquisition of Horizon Therapeutics after the U.S. Federal Trade Commission (FTC) filed suit to block the deal. A U.S. district court judge issued a temporary restraining order late on Wednesday after the two companies and the FTC reached an agreement…
By Nupur Anand NEW YORK (Reuters) -As JPMorgan Chase & Co CEO Jamie Dimon prepares to take the stage for the bank’s investor day on Monday, he can expect plenty of questions about its purchase of failed First Republic Bank. Analysts will seek more details about the deal and JPMorgan’s plans to integrate the business…
By Isla Binnie NEW YORK (Reuters) – U.S.-based bankers and money managers whose job titles include “ESG” or “sustainability” earn on average around 20% higher base salaries than colleagues of the same seniority without those labels, according to analysis of salary data shared with Reuters. More than $30 trillion in capital has been committed to…
(Reuters) -The U.S. Food and Drug Administration (FDA) has cleared Thermo Fisher Scientific Inc’s test, the first of its kind in the country, to detect women with risk of severe preeclampsia, the company said on Friday. Preeclampsia is a leading cause of mortality in pregnant women globally, where they could experience high blood pressure after…
SAO PAULO (Reuters) – Brazilian Finance Minister Fernando Haddad said on Friday that a change in the timeline for meeting the inflation target will be discussed with President Luiz Inacio Lula da Silva, countering the current calendar-year target model, which he deemed unnecessarily restrictive. Speaking on the sidelines of a seminar hosted by the central…
JOHANNESBURG (Reuters) – Ghana’s Finance Minister Ken Ofori-Atta said on Friday that the first $600 million tranche of a $3 billion, three-year extended credit facility has been received. The funds will be used for budget support and help bring down inflation, Ofori-Atta said on Twitter. The International Monetary Fund’s executive board on Wednesday approved the…
