Author: FX
Zarina Lukash/iStock via Getty Images Astellas Pharma Inc. (OTCPK:ALPMF) agreed to acquire Iveric Bio (NASDAQ:ISEE) for $5.9 billion to add ophthalmology capabilities to the Japanese pharmaceutical giant. Under the agreement, Astellas (OTCPK:ALPMF) agreed to purchase Iveric Bio (ISEE) for $40 a share, representing a 22% premium to Iveric’s closing price on Friday. The deal is expected to be completed in the second quarter of Astellas’ fiscal year 2023 (third calendar quarter of 2023). Funds for the purchase consist of newly procured funds from bank loans and issuing of commercial paper totaling approximately 800 billion yen and existing cash on hand,…
Share: AUD/JPY has scaled to 90.50 amid weakness in the Japanese Yen as BoJ has favored a continuation of easy monetary policy. BoJ Ueda decided to stay with an ultra-loose policy as the impact of higher import prices has already been discounted. The RBA is expected to continue a pause on interest rates as Australian inflation is declining consistently. The AUD/JPY pair has shifted sustainably above the critical resistance of 90.00 in the Asian session. The cross is continuously moving higher for the past two trading session. The risk barometer has been fueled by the maintenance of the…
Credit Acceptance Q1 2023 Earnings Preview Source link
3/3 © Reuters. FILE PHOTO: A Ukrainian service member from a 3rd separate assault brigade of the Armed Forces of Ukraine, carries a shell as they prepare to fire a howitzer D30 at a front line, amid Russia’s attack on Ukraine, near the city of Bakhmut, Ukraine April 23, 2/3 By Nick Starkov LVIV, Ukraine (Reuters) – Ukraine said on Sunday its troops were holding onto parts of the eastern city of Bakhmut, focus of a prolonged Russian assault, while the head of a major pro-Moscow force said his men were making progress. Russian forces, which have struggled for months…
Nasdaq Futures Technical Analysis OverviewRecent pivot point at 10,735 on 10th October, marking the low of last yearGradual rally, picking up pace over timeWeekly timeframe showing a break above the yellow channel, signaling a bullish trendLast week’s low did not reach the 20 EMA, suggesting continued strengthKey Levels and Price Forecast:Value Area High: 13,243 (blue line)POC (Point of Control): 13,181 (red line)Target: 13,500Stop Loss: Below the low of the previous Friday and below the POCReward vs. Risk: Almost 2.5 to 1 for swing tradersBullish Bias for the Upcoming Week:Greater interest in the upper part of the recent trading rangeStrong finish…
Recommended by Manish Jaradi Get Your Free Top Trading Opportunities Forecast Global equity markets ended mostly higher in the past week, led by the US, following better-than-expected earnings from big technology companies. The MSCI All Country World Index was largely flat, and the US dollar index (DXY index) closed mostly flat. Within equities, the S&P 500 ended the week higher by 0.87%, while the Nasdaq 100 index jumped nearly 2%. The German DAX 40 gained 0.3% and the UK FTSE 100 lost 0.6% respectively, while Japan’s Nikkei 225 rose 1.0% and the Hang Seng index declined 0.9%.Of the roughly 50%…
US DOLLAR FORECAST:U.S. dollar finishes the week marginally weaker, dragged down by risk-on sentimentCorporate earnings from mega-cap tech spark a rally on Wall StreetNext week, attention will turn to the Fed’s monetary policy decision and the nonfarm payrolls report from April Recommended by Diego Colman Get Your Free USD Forecast Most Read: Gold Wavers Ahead of Big Data Week, Fed and Jobs Report Eyed for Market CuesThe U.S. dollar, as measured by the DXY index, retreated modestly this past week, slipping about 0.10% to 101.68, dented by positive sentiment, as equity markets rebounded, with tech stocks commanding strength and leading…
5/5 © Reuters. A vehicle drives past an electoral banner, a day before presidential elections, in Lambare, Paraguay April 29, 2023. REUTERS/Cesar Olmedo 2/5 By Lucinda Elliott and Daniela Desantis ASUNCION (Reuters) -Paraguayans began voting on Sunday in what could be the biggest electoral challenge to the ruling conservative Colorado Party in over a decade and with the country’s long ties with Taiwan potentially at stake. Polling stations opened at 7 a.m. (1100 GMT) in what is expected to be a close contest between Colorado Party presidential candidate Santiago Pena, a 44-year-old economist, and 60-year-old political veteran Efrain Alegre, who…
The United States Federal Deposit Insurance Corp’s (FDIC) post-mortem assessment of Signature Bank of New York (OTC:) revealed poor management and inadequate risk management practices as the root cause for its collapse. Signature Bank was shut down by federal regulators on March 12 in a bid to protect the U.S. economy and strengthen public confidence in the banking system. FDIC was appointed to handle the insurance process. Correlation of SBNY’s stock price to crypto-industry events. Source: FDICProposed SRs from targeted review Supervisory Letters in process at the time of SBNY’s failure. Source: FDICContinue Reading on Coin Telegraph Source link
Sundry Photography/iStock Editorial via Getty Images Chip designer Arm (ARMHF) said it confidentially submitted a draft registration statement with U.S. Securities and Exchange Commission for an initial public offering. The size and price range for the proposed offering have yet to be determined, Arm (ARMHF) said in a statement on Saturday. ARM, which is owned by Japanese conglomerate Softbank (OTCPK:SFTBY), is looking to raise at least $8 billion to $10 billion through the IPO, which will be listed on the Nasdaq, according to a Reuters report. The IPO could be held as soon as this fall, with Arm valued between…