The latest Business News: breaking personal finance, company, financial and economic news, plus insight and analysis into UK and global markets.

U.S. Import Prices Fall Less Than Expected In November

A report released by the Labor Department on Thursday showed U.S. import prices fell by less than expected in the month of November. The Labor Department said import prices decreased by 0.4 percent in November following a revised 0.6 percent decline in October. Economists had expected import prices to slide by 0.8 percent, matching the drop originally reported for the […]

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AI makes mark in drug discovery in India; start-up Peptris raises $1 mn

Peptris is revolutionizing drug discovery through the implementation of  its state-of-the-art AI platform. It is transforming the traditionally lengthy and costly drug discovery process. Shine Jacob/Business Standard reports. The process of discovering and developing a new drug can take decades and costs hundreds of millions or even billions of dollars. However, technological advances like artificial intelligence can help speed up […]

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U.S. Stocks Move Modestly Higher Following Inflation Data

After initially showing a lack of direction, stocks have moved modestly higher over the course of the trading session on Tuesday. The major averages have inched up to their best intraday levels in well over a year. The major averages have seen further upside in recent trading, reaching new highs for the session. The Dow is up 103.82 points or […]

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UK Wage Growth Slows, Jobless Rate Stable At 4.2%

The UK wage growth slowed more than expected in three months to October raising expectations that the Bank of England will cut interest rates as early as next June. Data from the Office for National Statistics showed that the unemployment rate stood at 4.2 percent in three months to October. This was unchanged from the preceding period and also matched […]

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Hamas Refusal To Release Young Women Hostages Led To Truce Breakdown: Biden

President Joe Biden says it was Hamas’s refusal to release young women civilian hostages that led to a breakdown in the humanitarian pause in fighting agreed by Israel and the Gaza militant outfit. Biden made this remark when he spoke with Israel Prime Minister Benjamin Netanyahu over phone Thursday to discuss developments in Gaza. The President expressed his deep concern […]

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Futures Suggests Wall Street To Open Broadly Lower

Early signs from the U.S. Futures Index suggest that Wall Street is poised to open broadly lower. On a lean day of economic announcements, geo-political developments might get special attention. Oil rebounded from six-month lows in Asian trade while gold traded in a narrow trading band. As of 7.20 am ET, the Dow futures were declining 68.00 points, the S&P […]

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U.S. Stocks May See Early Strength Following Private Sector Jobs Data

Following the lackluster performance seen in the previous session, stocks may move to the upside in early trading on Wednesday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.3 percent. Early buying interest may be generated in reaction to a report from payroll processor ADP showing private […]

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Higher credit demand likely to lead to further upsides for banks

The National Stock Exchange Nifty Bank has hit an all-time high. Apart from the bullish sentiment caused by recent Assembly elections, there are signs of economic recovery and credit expansion. Large private banks are trading at relatively low valuation premiums to public sector (PSU) banks compared to historical premium levels. PSU bank shares have outperformed the Nifty Bank, which is […]

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