Finance
Shares of Biocon (BSE -0.87 %) shot up over 14 per cent in Monday’s trade after the USFDA granted marketing approval to its biosimilar drug Trastuzumab. This ends the speculation over the drug’s launch. The scrip was trading 14.20 % higher at…
The US dollar bounced to a two-week top on Monday and S&P futures jumped as traders marked the passage of a Senate tax bill over the weekend, a move that raises the risk of more aggressive rate hikes in the world’s largest…
Dr CK Narayan of Chart Advise has buy call on PC Jeweller Ltd. BSE 2.45 % with a target price of Rs. 405 . The current market price of PC Jeweller Ltd. is Rs. 407. Time period given by analyst is Intra…
Switzerland’s economy grew 1.2 percent year-on-year in the third quarter, accelerating sharply from the frail second quarter as manufacturing and exports picked up the pace. Growth rose to 0.6% quarter on quarter from an upwardly modified 0.4% in the second three months,…
Since hitting an all-time high of $11,395 on Wednesday, Bitcoin slid to as low as $9,000 in volatile trade on Thursday, having lost more than a fifth of its value in less than 24 hours. The digital money fell as much as…
India’s Reliance Communications Ltd (BSE 4.75%), which earlier this month defaulted on dollar notes, told bondholders that they would be treated the same as bank lenders in terms of their ability to recover funds, according to Citigroup Inc. The mobile phone operator…
The euro fell to more than a three-week low against the British pound on Thursday as hopes grew of a deal between Britain and European Union at a summit next month. Data showing the UK economy shrank by slightly less than previously…
Australian shares climbed on Wednesday, spurred by a record night on Wall Street ahead of a key US tax vote, with financials and material stocks boosting the benchmark. US Senate Republicans pushed forth with President Donald Trump’s tax-cut bill on Tuesday in…
Jon Cunliffe, Deputy Governor of the Bank of England, on Wednesday said, “Bitcoin isn’t big enough to pose a risk to the global economy.” “I would just say investors kind of need to do their homework,” Mr Cunliffe told BBC Radio. The…
European shares were supported on Tuesday by gains in heavyweight Royal Dutch Shell after the oil major cancelled an austerity dividend, while Ocado rallied following a deal with French supermarket Casino. Ocado shares rose 26 per cent after Casino signed a deal…
