Treasuries showed a notable move to the downside during trading on Thursday, giving back ground after moving notably higher over the three previous sessions. Bond prices came under pressure early in the session and remained firmly negative throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, jumped 8.1 basis points […]

Save articles for later Add articles to your saved list and come back to them any time. The National Australia Bank could buy up to 15 per cent of ASX-listed fintech lender Plenti, after joining forces with it to offer car, electric vehicle and household renewable energy loans. On Tuesday, NAB announced it had entered a strategic partnership with Plenti […]

Gold prices surged to a six-month high on Monday as the dollar remained subdued amid bets the Federal Reserve is down with interest rate hikes as inflation is cooling down, and recent data show the economy is slowing a bit. The dollar index dropped to 103.21 in the New York session, and despite emerging above the flat line subsequently, dropped […]

French drug major Sanofi (SNYNF,SNY) announced Monday positive results of Dupixent (dupilumab) Phase 3 trial in chronic obstructive pulmonary disease or COPD. In the second Dupixent investigational Phase 3 trial – NOTUS, Dupixent significantly reduced COPD exacerbations. The company noted that Supplemental BLA submission to the U.S. Food and Drug Administration is planned by end of 2023. Sanofi and Regeneron […]

Treasuries showed a notable upward move in early trading on Wednesday but came under pressure over the course of the morning. Bond prices subsequently climbed off their worst levels and spent the afternoon lingering near the unchanged line. The yield on the benchmark ten-year note, which moves opposite of its price, ended the day down by less than a basis […]

Save articles for later Add articles to your saved list and come back to them any time. A young money manager has been banned from managing corporations or working in financial services as part of an investigation into the collapse of his once-claimed $1 billion funds empire. Mitchell Atkins will be barred from managing corporations for five years and from […]

Save articles for later Add articles to your saved list and come back to them any time. Bank profits have peaked and are set to come under further pressure from stiff competition in home loans, investors say, as the market prepares for updates from two key protagonists in the mortgage war: ANZ Bank and Commonwealth Bank. After results this week […]

Crude oil prices fell sharply on Wednesday, sliding for a second straight session, amid rising concerns about the outlook for energy demand. Data showing a sharp jump in crude oil inventories in the U.S. also weighed on oil prices. Oil prices were also hurt by a firm dollar. The dollar rose against several major currencies today amid uncertainty about the […]

Swiss drug major Roche Holding AG (RHHBY) announced Tuesday that EMBARK trial of Elevidys (delandistrogene moxeparvovec) in Duchenne muscular dystrophy or DMD failed to reach primary endpoint, but shows positive efficacy outcomes on all timed functional key endpoints. In the global, randomised, double-blind Phase 3 EMBARK study, Elevidys-treated boys aged 4-7 years with DMD showed an increase on the North […]

After ending the previous session little changed, treasuries moved sharply lower over the course of the trading day on Wednesday. Bond prices came under pressure in early trading and saw further downside as the day progressed. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, surged 11.3 basis points to 4.593 percent. The […]