Author: FX
Caiaimage/Martin Barraud The US could see the largest number of approvals for medtech devices in around 10 years given the high number of approvals the US FDA granted in the first half of 2023. The agency’s Center for Devices and Radiological Health in H1 approved or cleared 45 new devices or products, just one fewer than in all of 2022. However, the FDA has been taking longer to grant approvals, according to a new report from Evaluate Vantage. It found that CDRH spent an average of ~3 years to grant 22 approvals for high-risk devices, much longer compared to previous…
Rmcarvalho REITs fell this week as major indices suffered the impact of negative reactions from the market, arising from the recent downgrade by Fitch Ratings, jobs data and other macro factors. FTSE Nareit All Equity REITs declined 2.19% from last week, compared to the S&P 500 index that fell by 2.27%. Dow Jones Equity All REIT Total Return Index was down by 2.18% on a weekly basis. The broader Real Estate Select Sector SPDR ETF index decreased by 2.16%. Meanwhile, mortgage REITs declined by 2.75% from last week. The decline comes as Fitch downgraded the U.S.’s long-term rating to AA+…
2/2 © Reuters. FILE PHOTO: A view through a train window shows the section of a road split and sloping to one side following an alleged attack on the Crimea Bridge, that connects the Russian mainland with the Crimean peninsula across the Kerch Strait, in this still imag 2/2 By Olena Harmash KYIV (Reuters) -A Ukrainian sea drone full of explosives struck a Russian fuel tanker overnight near a bridge linking Russia to annexed Crimea, the second such attack in 24 hours, both sides said on Saturday. No one was hurt, but the Crimean Bridge and ferry transport were suspended…
© Reuters. Defendant and son of Colombian president Gustavo Petro, Nicolas Petro attends a hearing in Bogota, Colombia August 3, 2023 in this screengrab taken from a handout video. Colombian Prosecutor’s Office/Handout via REUTERS By Luis Jaime Acosta BOGOTA (Reuters) -A judge late on Friday granted Nicolas Petro, the eldest son of Colombian President Gustavo Petro, conditional freedom while he faces money laundering and illicit enrichment charges connected to financing for his father’s campaign. Petro, 37, was arrested last weekend in the city of Barranquilla with his ex-wife, Daysuris del Carmen Vasquez, who is being held on similar charges. Prosecutor…
BlackJack3D/E+ via Getty Images Astra Space (NASDAQ:ASTR) -4% post-market Friday after saying it expects to delay test launches and paid commercial launches of its next-generation rocket after reducing its workforce by 25% since the beginning of the quarter, including cutting ~70 employees on August 4. The company said it expects the workforce cuts will result in more than $4M in quarterly cost savings starting in Q4. Astra Space (ASTR) also said it reallocated 50 engineering and manufacturing personnel from its launch services program to its unit that aims to build spacecraft engines. The moves mark the latest setback for Astra…
Caterpillar (NYSE:CAT) this week rose 6.1% to defy a broader decline among the biggest U.S. industrial companies. Shares in the maker of heavy machinery and construction equipment hit a record high on Tuesday after the company’s Q2 results beat Wall Street estimates. Management provided an optimistic picture for the remainder of the year, saying its adjusted operating profit would be at the high end of its previous guidance. The Industrial Select Sector SPDR ETF (NYSEARCA:XLI), whose holdings include some of the biggest U.S. companies in the sector, fell 1.7% for the week. United Parcel Service (UPS) led the declines with…
Share: EUR/JPY bulls defended the 20-day SMA, and the cross established itself above 156.00. Factory orders from June unexpectedly rise by 7%. BoJ’s hawkish signals and rising Japanese yields may limit the pair’s gains. On Friday, the EUR/JPY traded above the 156.00 zone, boosted by a stronger Euro following industrial data from June but still, bullish momentum is limited. On the other hand, the Yen traded mixed against its rivals and its losses are cushioned by the Bank of Japan flashing hawkish signals. Europe reported robust industrial data but soft Retail sales. Factory Orders in June jumped 7% while…
Global growth concerns and the prospect of “higher for longer” global interest rates got traders selling the comdolls and buying safe haven currencies this week. USD the most gains, helped along with higher bond yields from the U.S., but the euro outperformed as well. Missed the major forex headlines? Here’s what you need to know from last week’s FX action: USD Pairs Overlay of USD vs. Major Currencies Chart by TV The dollar lost against its counterparts (but JPY) on Monday as optimism over a soft landing in the U.S. increased risk appetite. From then, USD traders flipped focus to safe…
© Reuters. The controversial Worldcoin project had a serious security vulnerability, CertiK has disclosed on X (formerly known as Twitter). Worldcoin pays people to become part of its World ID ecosystem by submitting scans of their irises through a device Worldcoin calls an Orb. According to security platform CertiK, the vulnerability in the vetting process for operators could have allowed an attacker to bypass the verification process and operate an Orb without being interviewed or having a proper ID. “It would not need to be a company,” according to the post. Continue Reading on Coin Telegraph Source link
Share: EUR/GBP gains for four consecutive days, up 0.81% for the week, trading at 0.8635 but failing to break through the 100-day EMA at 0.8655. The Bank of England’s 25 bps rate hike influences the pair’s movement, capping further advance. Technical outlook reveals an inverted head-and-shoulders chart pattern, targeting 0.8900. EUR/GBP rallies for the fourth straight day, set to finish the week with gains of 0.81% but failed to crack the 100-day Exponential Moving Average (EMA) of 0.8655, tested on Thursday. The Bank of England’s (BoE) 25 bps rate hike was the reason that capped the EUR/GBP advance,…