Author: FX
By Brendan O’Brien and Lucia Mutikani (Reuters) – At least 23 people were killed and dozens injured after thunderstorms spawning high straight-line winds and tornadoes ripped across Mississippi late on Friday, leaving hundreds without shelter, state officials said on Saturday. Four people were missing following the storms, which left a trail of damage for more than 100 miles (161 km). The tornadoes struck Silver City, a town of 200 people in western Mississippi, as well as Rolling Fork, with a population of 1,700, which was hardest hit. Parts of the state remain under tornado warning. “At least twenty three Mississippians…
Scott Olson/Getty Images News With Pfizer saying in January that it expects a huge decline in revenue for its COVID-19 antiviral pill Paxlovid, sales could be impacted in the future by an unlikely medicine: metformin, the long-used drug for diabetes. While combinations of drugs have long been used in clinical practice to produce better efficacy through synergistic results, metformin, one of the first medicines doctors turn to for diabetes, may be a headscratcher. But it shouldn’t necessarily be. That’s because mounting research indicates that Paxlovid and metformin could improve outcomes related to Long COVID, a chronic illness that could potentially…
First Trust EIP Carbon Impact ETF declares quarterly distribution of $0.1138 Source link
© Reuters. FILE PHOTO: Deputy Chief Executive of Pekao Luigi Lovaglio presents the company results during a media conference at the bank’s headquarters in Warsaw March 9, 2011. REUTERS/Kacper Pempel MILAN (Reuters) – Italy’s Treasury is set to hand veteran banker Luigi Lovaglio a new mandate as chief executive of state-owned lender Monte dei Paschi di Siena, two people with knowledge of the matter said. Lovaglio, who built his career at UniCredit where he eventually rose to lead the group’s former Polish unit Bank Pekao, arrived at Monte dei Paschi (MPS) just over a year ago, when the Treasury pushed…
I posted this reminder on Friday, but here to is again ICYMI. Something to be aware of if you are trading European markets.The European Union switch to daylight saving time on March 26.As do other European countries such as Switzerland and the UK.The clock goes forward one hour. Source link
Cinefootage Visuals/iStock via Getty Images GE Hitachi Nuclear Energy (NYSE:GE), Tennessee Valley Authority, Ontario Power Generation and Poland’s Synthos Green Energy agree to partner in advancing the global deployment of the GEH BWRX-300 small modular reactor, World Nuclear News reported Friday. The four groups will collaborate in the development of the BWRX-300 standard design and detailed design for key components, including reactor pressure vessel and internals. Each contributor said they will fund part of the overall cost of development of a standard design, which GE Hitachi expects will require a ~$400M total investment. The collaborators agreed to form a Design…
© Reuters. U.S. President Joe Biden speaks during a joint news conference with Canadian Prime Minister Justin Trudeau, in Ottawa, Ontario, Canada, March 24, 2023. REUTERS/Blair Gable By Andrea Shalal OTTAWA (Reuters) -President Joe Biden said on Friday that federal deposit insurance could be tapped for deposits above $250,000 if other U.S. banks fail, expressing confidence that mid-sized U.S. banks would survive strains in the sector. Biden said U.S. banks are in “pretty” good shape, people’s savings were secure and he did not see an industry ready to explode. “If we find that there’s more instability than appears, we’d be…
Share: EUR/USD is set to finish the week with decent gains of 0.89%. US economic data was mixed, though it portrays a deceleration of the economy. ECB policymakers remain focused on tackling high inflation levels in the Eurozone. As the New York session finished, EUR/USD fell 0.64% or 69 pips. A risk-on impulse did not help the Euro (EUR), which, pressured by a banking crisis threatening to spread to the Eurozone, weakened the shared currency. At the time of writing, the EUR/USD is trading at 1.0759. EUR/USD drops on US Dollar strength, weak EU PMIs Despite experiencing another…
Share: GBP/USD finished the week on a lower note after it reached 1.234, the high of the week, but retreated as sentiment dampened. On Friday, the GBP/USD is trading at 1.2228, retracing 0.47% at the time of typing. Read More… The GBP/USD pair comes under intense selling pressure on Friday and extends the overnight retracement slide from the vicinity of mid-1.2300s, or its highest level since February. Spot prices, however, manage to rebound a few pips from the daily low and trade above the 1.2200 mark during the early North American session, still down nearly 0.60% for the…
Share: GBP/USD is set to finish the week with gains of around 0.40%. Federal Reserve officials remained committed to curbing inflation to its 2% target. Mixed economic data in the UK, a headwind for the GBP/USD, despite expectations for a Fed rate cut in 2023. GBP/USD finished the week on a lower note after it reached 1.234, the high of the week, but retreated as sentiment dampened. On Friday, the GBP/USD is trading at 1.2228, retracing 0.47% at the time of typing. Fed policymakers ready to combat inflation, UK data paints a gloomy economic scenario The US equities…