Stock market

Obesity treatment optimism boosts Eli Lilly, Novo Nordisk while others face downturn
September 21, 2023 05:54 PM AEST| By InvestingPharmaceutical majors Eli Lilly (NYSE:LLY) and Novo Nordisk (NYSE:NVO) have experienced a significant increase in their market value on Thursday, driven by the potential of their weight-loss drugs, GL

Singapore banks tighten oversight on foreign clients post-money laundering scandal
September 21, 2023 05:54 PM AEST| By InvestingIn a bid to strengthen its financial integrity following a money laundering scandal, Singapore's banking sector has increased its oversight of clients of Chinese descent holding foreign citizenships.

Federal Reserve maintains interest rates, signals potential hike
September 21, 2023 05:54 PM AEST| By InvestingThe U.S. Federal Reserve concluded its two-day monetary policy meeting on Wednesday, maintaining its federal funds target rate at 5.25%-5.50%, aligning with market expectations. The decision was not u

DFS Furniture reports drop in fiscal 2023 pretax profit amid economic challenges
September 21, 2023 05:46 PM AEST| By InvestingDFS Furniture (LSE:DFS) reported on Thursday that its pretax profit for fiscal 2023 almost halved to £29.7 million ($36.7 million), down from £58.5 million the previous year. The company attributed

MGM Resorts resumes operations after cyberattack, working to restore full services
September 21, 2023 05:42 PM AEST| By InvestingMGM Resorts (NYSE:MGM) International has announced a return to normal operations across its US properties, following a cyberattack that led to a 10-day shutdown of its computer systems, the company sa

Toshiba shareholders approve $15 billion buyout, ending public listing after 74 years
September 21, 2023 05:40 PM AEST| By InvestingToshiba (OTC:TOSYY) Corp., the Tokyo-based multinational conglomerate, has said that over half of its shareholders have endorsed a $15 billion buyout led by Japan Industrial Partners Inc. The approval

FDA rejects ARS Pharmaceuticals' allergy nasal spray, shares plummet
September 21, 2023 05:40 PM AEST| By InvestingThe U.S. Food and Drug Administration (FDA) rejected ARS Pharmaceuticals' novel nasal spray alternative to emergency allergy reaction injections on Wednesday, causing the biotech firm's shares to plun

Japan shares lower at close of trade; Nikkei 225 down 1.22%
September 21, 2023 05:35 PM AEST| By InvestingInvesting.com – Japan equities were lower at the close on Wednesday, as losses in the Shipbuilding, Chemical, Petroleum&Plastic and Insurance sectors propelled shares lower.

Kaynes Technology India's shares surge, backed by bullish outlook from Morgan Stanley
September 21, 2023 05:30 PM AEST| By InvestingInternational brokerage firm Morgan Stanley (NYSE:MS) has expressed a positive outlook for Kaynes Technology India, an extensive electronics manufacturer, following a year in which the firm yielded a

Obesity drugs by Novo Nordisk and Eli Lilly to impact healthcare economy
September 21, 2023 05:30 PM AEST| By InvestingLeading pharmaceutical companies, Novo Nordisk (NYSE:NVO) and Eli Lilly (NYSE:LLY), are anticipated to see significant revenue growth from their newly developed obesity drugs, according to financial a

Bank of Japan's upcoming statement stirs market anticipation
September 21, 2023 05:22 PM AEST| By InvestingAs the week draws to a close, market anticipation is on the rise for the Bank of Japan's (BoJ) statement, set to be released on Friday, September 22, 2023. The central bank is expected to maintain its

Organic Recycling Systems announces IPO, aims to raise Rs 50 crores
September 21, 2023 05:14 PM AEST| By InvestingOrganic Recycling Systems, an engineering company offering sustainable waste management solutions, has announced its Initial Public Offering (IPO) on Thursday. The company intends to raise Rs 50 crore

IMF chief urges Pakistan to increase taxation on the wealthy, protect the underprivileged
September 21, 2023 05:12 PM AEST| By InvestingInternational Monetary Fund (IMF) Managing Director, Kristalina Georgieva, reiterated her call for Pakistan to bolster tax collection from its affluent citizens while safeguarding the welfare of the u

Solana's SOL recovery rally diverges from daily active addresses trend
September 21, 2023 05:12 PM AEST| By InvestingSolana (SOL), a cryptocurrency often dubbed as an "Ethereum killer," has seen a steady recovery in its price despite a dip in the number of daily active addresses on its network, according to Austin F

Singapore Exchange Regulation proposes changes to futures trading rules
September 21, 2023 05:06 PM AEST| By InvestingThe Singapore Exchange (OTC:SPXCY) Regulation (SGX RegCo) has proposed amendments to its Futures Trading Rules (FTR), Singapore Exchange Securities Trading (SGX-ST) rules, and Singapore Exchange Deriv

Impressive start for Women's Premier League with $150 million valuation
September 21, 2023 04:48 PM AEST| By InvestingThe Women's Premier League (WPL) has made a strong start in its inaugural season, securing a valuation of approximately $150 million (Rs 1,250 crore), making it one of the most valuable women's cricke

Updater Services set to launch IPO on September 25, targeting Rs 640 crore
September 21, 2023 04:44 PM AEST| By InvestingUpdater Services, a stalwart in the business-to-business (B2B) services sector since 1990, is preparing to open its initial public offering (IPO) for bidding on Monday, September 25. The three-day bid

Federal Reserve's steady rates trigger global market downturn
September 21, 2023 04:44 PM AEST| By InvestingThe Federal Reserve's decision to maintain higher interest rates has triggered a drop in Asian and U.S. stock markets on Thursday. This decision has also led to a surge in the U.S. dollar value.

Bank of England mulls over interest rate hike amid softer UK inflation data
September 21, 2023 04:36 PM AEST| By InvestingThe Bank of England (BoE) is expected to announce its fifteenth consecutive interest rate hike since December 2021 on Thursday, which could raise the Bank Rate by 25 basis points (bps) from 5.25% to 5

Hong Kong maintains interest rates following US Federal Reserve's decision
September 21, 2023 04:28 PM AEST| By InvestingThe Hong Kong Monetary Authority (HKMA) announced on Thursday its decision to maintain the current base rate through the overnight discount window at 5.75%. This move follows the US Federal Reserve's

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