Aside from the TSXV, many major markets tripped on their way out the gate Monday morning, setting a downbeat tone for the start of the week.Read full newsRead More
Drug stocks took a late-day hit after Trump threatened litigationStocks started the week on the wrong foot, as the Dow closed more than 330 points lower. FAANG stocks were the culprit in today's collapse, as Facebook (FB) sold off amid its data-harvesting controversy, dragging tech into the red. In addition, Apple (AAPL) faced scrutiny over iPhone demand. As such, the S&P also ended with a steep l...Read More
(Adds quotes, CEFC statement)By Jan LopatkaPRAGUE, March 19 (Reuters) - Chinese officials have told a visiting Czech delegation that the chairman of Chinese conglomerate CEFC China Energy, Ye Jianming, is under investigation and is stepping down from his post, the Czech president’s office said on Monday.A Czech subsidiary of CEFC also said there was a “planned change in the shareholder...Read More
(Adds quotes, CEFC statement)By Jan LopatkaPRAGUE, March 19 (Reuters) - Chinese officials have told a visiting Czech delegation that the chairman of Chinese conglomerate CEFC China Energy, Ye Jianming, is under investigation and is stepping down from his post, the Czech president’s office said on Monday.A Czech subsidiary of CEFC also said there was a “planned change in the shareholder...Read More
Jonathan Satchell, chief executive at Learning Technologies (LON:LTG) , talks to Proactive about the group's plans to increase its presence in North America and trading ahead of expectations.Revenue of ?52.1mln was up 84% from ?28.3mln in 2016. Recurring revenue accounted for 39% of total revenue, up from 27% in 2016, while revenue from outside the UK rose to 46% of the total from 36% the previo...Read More
LAS VEGAS (Reuters) - Amazon.com Inc (AMZN.O) is tracking how regularly customers shop at its store without checkout lines in Seattle - and so far, the verdict is they keep coming back.“The ones who work very close, like in the building up above, will come down even just to grab a drink because it’s so fast and easy,” Amazon Vice President Gianna Puerini said in an interview at t...Read More
(Reuters) - U.S. stocks dropped on Monday as a plunge in shares of Facebook led a sell-off in technology stocks on reports that the social media company’s user information was misused.Facebook shares tumbled 7.1 percent as Chief Executive Mark Zuckerberg faced calls from both U.S. and European lawmakers to explain how a consultancy that worked on President Donald Trump’s election campa...Read More
The new cry for metals is “Help!I have fallen and can’t get up.” Across the board, metals are taking a beatingand need the alert button as they call for help. Gold, copper and silver areall at the bottom end of trading ranges and could be in danger of breaking downhere as we wait for Wednesday’s Fed decision.Interestingly enough, thesuppression of the dollar by the Fed and...Read More
In many respects, animal health is an under-served field. Many of the medications used to treat animal health disorders are actually human drugs, developed for human physiology, and compounded drugs that have not been proven safe or effective for animal use. Similarly, diagnostic procedures for u...Read full newsRead More
BERLIN (Reuters) - Germany believes there is a chance that the European Union and the United States could avoid a dispute over planned U.S. tariffs on steel and aluminum imports from morphing into a wider trade conflict, its economy minister said on Monday.“Both Secretary Ross and I have the impression that decisive talks will take place this week and that it is possible to reach a solution...Read More
Caspian Sunrise PLC (LON:CASP) saw its shares fall 24% in late afternoon trading to 10p after an operational update revealed unsuccessful attempts to clear well obstructions and adverse weather conditions delaying production.The company said attempts to clear an obstruction at its Deep Well A5 in the BNG Contract Area had been unsuccessful and the company was now seeking to acquire a permit for co...Read More
WASHINGTON (Reuters) - Retailers and shoemakers continued to sound alarms on Monday about their concerns that President Donald Trump’s plan to impose sweeping tariffs on imported goods from China will result in higher consumer prices.Several large U.S. retail companies, including Wal-Mart Inc, Target Corp, Best Buy Co Inc and Macy’s Inc, on Monday sent President Donald Trump a letter u...Read More
WARSAW (Reuters) - The European Union must have a common policy towards Russia and China, German Chancellor Angela Merkel said on Monday.“We must have a common policy towards Russia and China,” Merkel said via a translator at a joint conference with Polish Prime Minister Mateusz Morawiecki in Warsaw.Merkel also said that the future of the entire European Union was important for her gov...Read More
Joao Andrade, chief executive of WideCells Group PLC (LON:WDC), and chief scientific officer Peter Hollands tell Proactive about the significance of the UK grant to work for research on a new form of stem cell technology.The new technology allows specialised adult cells such as skin cells to be genetically re-programmed to be used in stem cell treatment and in the study of disease.Following the re...Read More
Arcadia Biosciences has now added 943% so far in MarchAgricultural technology concern Arcadia Biosciences Inc (NASDAQ:RKDA) is expected to report its fourth-quarter earnings tomorrow after the stock market closes. RKDA has been buzzing in headlines since late last week when its wheat portfolio met key goals, and today, the stock has popped 11.4% to trade at $46.36 on news the company launched its...Read More
NEW YORK (Reuters) - The euro rose on Monday after a Reuters report that European Central Bank officials were shifting their debate from bond purchases to the expected path of interest rates, reviving bets that the ECB may raise rates sooner than previously thought.Sterling pushed to its highest against the euro in more than five weeks and against the dollar in more than a month, as Britain and th...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump on Monday blocked the use of Venezuelan cryptocurrencies through an executive order prohibiting such transactions by those in the United States, the White House said in a statement.The order bars “all transactions related to, provision of financing for, and other dealings in, by a United States person or within the United States, any digital...Read More
The iPhone maker is reportedly developing an alternative to the OLED screen it currently usesShares of Universal Display Corporation (NASDAQ;OLED) have plunged 14.8% to trade at $105.70, after Bloomberg reported Apple Inc. (NASDAQ:AAPL) has been developing its own MicroLED screens -- a thinner and brighter option than the OLED displays the iPhone maker currently uses, and one that requires less ba...Read More
WASHINGTON (Reuters) - Saudi Arabia called the 2015 nuclear deal between Iran and world powers a “flawed agreement” on Monday, on the eve of a meeting between the Saudi Crown Prince and U.S. President Donald Trump who have both been highly critical of Iran.“Our view of the nuclear deal is that it’s a flawed agreement,” Saudi Foreign Minister Adel al-Jubeir told report...Read More
FRANKFURT (Reuters) - All conditions are in place for euro zone inflation to rise but the European Central Bank should still remove stimulus with caution to avoid undue market turbulence, ECB board member Yves Mersch said on Monday.“All prerequisites for a sustainable adjustment of inflation to our objective are given,” Mersch said in Frankfurt, referring to the ECB’s inflation t...Read More