Archive
World Bank Revises Global Growth Estimates Amidst Weak Demand
The World Bank has slashed the forecast for global growth again putting it at 2.4 percent, a decline from the 2.9 percent it had predicted in January this year. This estimate is more pessimistic than that of the International Monetary
Read MoreExelixis spikes on positive Phase 3 study of cancer drug
The shares of genomics-based biopharmaceutical company Exelixis (EXEL) recorded a new 12-month high of $7.34 yesterday. The reason for the 11.23% gain in the share price is the positive result in the Phase 3 trial of kidney cancer drug Cabometyx.
Read MoreFinancial Conduct Authority Asked To Look Into Peer-To- Peer Lending
Andrew Tyrie, chairman of the treasury committee in Britain's parliament has written to Tracey McDermott, acting chief executive of the Financial Conduct Authority (FCA), which is the UK securities regulator expressing concern at the rising risks in the crowdfunding and
Read MoreSoftBank To Ramp Up Speed Of Investments Into India
SoftBank, the Japanese telecom and Internet major has said that its investment commitment to India over the next 5-10 years is likely to exceed $10 billion. The company has recently announced that it will be making its first investment into
Read MoreHome Depot to break yearly high on strong FY16 outlook
The share price of the world’s largest home improvement retailer, Home Depot, Inc. (HD), is on the verge of breaking the12-month high of $137.82 per share. One of the main reasons for the bullishness is the fiscal 2016 first-quarter revenue
Read MoreEurozone Reaches Agreement For Greece Bailout Package
Eurozone officials have approved the release of a bailout package worth €10.3 billion to Greece after the International Monetary Fund (IMF) softened its stand on requiring immediate debt relief measures Greece’s international creditors came to an agreement in a meeting
Read MoreMonsanto to buckle once excitement over Bayer’s bid fades
Last Wednesday, Biotech firm Monsanto (MON) announced that German drug and chemicals company Bayer AG has offered to acquire the former in an all cash deal worth $62 billion. Monsanto, which was trading at about $91 ten days ago, closed
Read MoreNVIDIA Q1 earnings beat estimates; hits all time high
Last Friday, NVIDIA (NVDA), the leader in visual computing technologies, reported a splendid fiscal 2017 first-quarter earnings that beat estimates. The company also announced an upbeat second quarter outlook. The inventor of the Graphics Processor Units (GPU) fared well in
Read MoreBetter margins & rise in CET 1 ratio turns ING bullish
Renowned Dutch bank ING Groep N.V. (ING) reported a 29% decline in the fiscal 2016 first-quarter profit, on a y-o- y basis. However, the revenue and earnings report reveal that the financial institution has made huge strides towards better efficiency
Read MoreGilead turns bearish on declining sales of antiviral drug
Last Thursday, Biopharmaceutical company Gilead Sciences (GILD) reported its fiscal 2016 first-quarter revenue and earnings that missed the analysts estimate. Following the earnings report, the shares of Gilead Sciences has so far lost about 11% to close at $87.17 on
Read More