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Loonie boosted by solid inflation data
Loonie boosted by solid inflation data
Oct 22, 2025
The Canadian dollar rose on Wednesday, extending its gains after data released yesterday showed inflation came in higher than expected. Canadas annual inflation rate accelerated to 2.4% in September, driven mainly by a smaller year-on-year decline in gasoline prices compared with the previous month, as well as higher food prices. This report marks the final major economic release before the...
Yen rebounds amid sharp volatility due to gold losses
Yen rebounds amid sharp volatility due to gold losses
Oct 22, 2025
The Japanese yen rose in Asian trading on Wednesday against a basket of major and minor currencies, attempting to recover from a one-week low against the US dollar and heading toward its first gain in four sessions, as safe-haven demand for the yen rebounded amid sharp market volatility following golds massive losses. Investors continue to assess the new Japanese government...
US dollar climbs before inflation data.. yen drops
US dollar climbs before inflation data.. yen drops
Oct 23, 2025
The US dollar strengthened against most major currencies on Thursday, particularly the Japanese yen, as investors awaited the delayed release of key US inflation data (CPI) scheduled for Friday, amid ongoing concerns over trade tensions between Washington and Beijing. The dollar rose 0.38% against the yen to 152.44, while the euro slipped slightly to $1.1604, remaining within its recent trading...
US dollar steadies after a three-day surge
US dollar steadies after a three-day surge
Oct 22, 2025
The US dollar steadied against a basket of currencies on Wednesday, pausing after a three-day rally, while the British pound weakened following data showing that UK inflation for September came in weaker than expected. The Japanese yen rose slightly against the dollar after touching a one-week low on Tuesday, as Reuters reported that newly appointed Prime Minister Sanai Takaiichi is...
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Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
FedEx jumps on profit beat, improved margins in its largest unit
FedEx jumps on profit beat, improved margins in its largest unit
Mar 22, 2024
(Reuters) - FedEx ( FDX ) shares surged in premarket trading on Friday after the parcel giant beat estimates for quarterly profit and reported a higher operating margin at Express, its largest unit. Shares of the company rose 12.4% to $297.75 before the bell, with rival UPS up 3.5%. FedEx ( FDX ) has taken several measures to protect margins...
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