Author: FX
vadimrysev/iStock via Getty Images Needham says it expects growth in the orthopedic device market to slow later this year, but sees Enovis (NYSE:ENOV) and Paragon 28 (NYSE:FNA) as being able to beat the trend. The investment bank said it expects market growth for the products to slow to 4% to 5% for 2024 and beyond. In comparison, 2023 saw growth of 7%, the highest rate in over ten years, save for a pandemic “bounce back” in 2021. Needham attributed last year’s robust gains to pandemic-related backlog, improved pricing, enabling technologies, and new launches driving product mix. “In our view, the…
Jeff Swensen/Getty Images News Alcoa (NYSE:AA) said Sunday it agreed to acquire Australian miner Alumina (OTCQX:AWCMF) (OTCQX:AWCMY) in an all-stock deal that values its equity at ~A$3.35B (US$2.2B), bolstering its position as of one of the world’s largest bauxite and alumina producers. Alumina (OTCQX:AWCMF) (OTCQX:AWCMY) owns a 40% stake in Alcoa World Alumina & Chemicals, a joint venture with Alcoa (AA) that owns and operates bauxite mining, alumina refining and aluminum smelting operations. Alumina’s (OTCQX:AWCMF) (OTCQX:AWCMY) largest shareholder, Allan Gray Australia, entered into an agreement with Alcoa (AA) that gives the U.S. company the right to acquire up to 19.9%…
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© Reuters. Lufthansa planes are seen parked at Frankfurt Airport, Germany, June 25, 2020. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT (Reuters) – German airline Lufthansa said on Sunday it was keen on moving ahead in wage negotiations for thousands of ground crew after labour union Verdi demanded the company offers a higher pay increase aimed at averting more strike action. “We have taken note of Verdi’s statements and are still interested in a quick agreement,” a company spokesperson said in a written reply to an enquiry. Ground staff walked off the job at major airports on Tuesday in their second strike this…
General sentiment soared in a week dominated by Nvidia’s impressive performance and encouraging guidance for Q1 2024. The chipmaker helped the S&P 500 reach another all-time high with the Japanese benchmark index achieving the same feat after 34 years.Strangely enough, buoyant market sentiment brought about gains for gold and saw the dollar attempt to stabilise. Should PCE inflation data for January come in better-than-expected, the dollar decline may well continue – something that is likely to add to golds bullish recovery.Sterling has performed well over the last week and with little to no ‘high impact’ data on the horizon, the…
Our forex strategists had a very solid week as all three discussions were highly likely to have resulted in positive outcomes in EUR/CAD, NZD/JPY & EUR/GBP! Check out our reviews to see what happened and how we did! If you’d like to follow our “Play of the Day” picks right when they are published throughout the week, you can subscribe to BabyPips Premium. On Tuesday, we saw that Canada’s CPI was right around the corner, an obvious potential market mover for the Canadian dollar. Analysts anticipated a reading that would likely signal “subdued price pressures,” which could potentially drive more…
Love Employee/iStock via Getty Images The international market for radiopharmaceuticals is expected to reach $13.67B by 2032, with a compound annual growth rate of 10.2% from 2023, according to a recent report from Precedence Research, a global provider of market insights. The market where Pluvicto and Lutathera from Novartis (NYSE:NVS) (OTCPK:NVSEF) are among some of the well-known radiopharmaceuticals reached $5.7B in 2023, up from about $3.9B in 2017, according to Precedence. Its report coincided with a flurry of deal-making activity in the radiopharma space in recent months. In December, Eli Lilly (NYSE:LLY) acquired Point Biopharma Global (PNT), a biotech focused…
I spoke last week with Blake Morrow about why I’m so worried about the Canadian dollar and where I’m looking instead. This article was written by Adam Button at www.forexlive.com. Source link
While beauty may be in the eye of the beholder, the business of beauty can get ugly, especially within the travel retail business, those ubiquitous duty-free shops in airports, cruises, and hotels across the globe. As the largest luxury market in the world, China quickly became a hub for luxury beauty brands. Names like Estee Lauder (NYSE:EL), The Beauty Health Company (SKIN), and Korea’s Amorepacific capitalized on Chinese consumers’ insatiable appetite for indulgence. As a result, these companies were vulnerable when Chinese consumers cut back on high-priced luxury items as travel restrictions during COVID left the travel retail business gasping…
© Reuters. Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.24% Investing.com – Saudi Arabia stocks were lower after the close on Sunday, as losses in the , and sectors led shares lower. At the close in Saudi Arabia, the fell 0.24%. The best performers of the session on the were Saudi Arabian Amiantit Co. (TADAWUL:), which rose 9.96% or 2.65 points to trade at 29.25 at the close. Meanwhile, Arabian Pipes Company (TADAWUL:) added 9.94% or 15.80 points to end at 174.80 and Saudi Steel Pipe Company (TADAWUL:) was up 9.91% or 3.85 points to…