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BUZZ-Neuphoria Therapeutics rises on $15 mln milestone payment from Merck
** Massachusetts-based drug developer Neuphoria Therapeutics NEUP.O rises 3.31% to $4.65 in morning trade ** Co, which develops treatments for brain and mental health disorders, says it is due to receive $15 million milestone payment from Merck MRK.N ** The payment is triggered by the start of a mid...Reuters
Wed, Feb 12
Forex
FOREX-Dollar jumps as consumer prices rise more than expected
Consumer prices rise more than economists expectedFed seen cutting rates only one time this yearUS President Trump vows to impose tariffsUpdated in New York morning timeBy Karen Brettell NEW YORK, Feb 12 (Reuters) - The U.S. dollar jumped on Wednesday after data showed that consumer prices rose m...Reuters
Wed, Feb 12
Commodities
Global marine fuel sales jump in 2024 on Red Sea diversions
By Enes Tunagur LONDON, Feb 12 (Reuters) - Global marine fuel sales jumped in 2024 after attacks by Yemen's Houthis starting in late 2023 prompted most shipping companies to divert vessels around southern Africa rather than through the Red Sea, according to data and analysts.Singapore bunker ...Reuters
Wed, Feb 12
Other
Russia is able to fight on in Ukraine for another year but is short on tanks, say military experts
Ukraine has a military manpower problem, says report Russia has a tank and armoured vehicle problem, it saysRussia lost 1,400 main battle tanks in 2024 Moscow seen able to fight for at least another year Recasts after release of report and news conferenceBy Andrew Osborn and Greg Torode LONDON ...Reuters
Wed, Feb 12
Other
AIG’s Zaffino: California wildfires could drive 2025 industry cat losses past $200bn
By David BullFeb 12 - (The Insurer) - Based on the current $50bn top-end estimate for industry losses from the California wildfires, AIG chairman and CEO Peter Zaffino has said that 2025 has the potential for insured catastrophe losses to exceed $200bn, which could “recalibrate the entire industry”....Reuters
Wed, Feb 12
Commodities
US will suffer job losses through tariffs on Canadian steel and aluminium tariffs, says Trudeau
OTTAWA, Feb 12 (Reuters) - If the United States goes ahead with a threat to slap tariffs on imports of Canadian steel and aluminium, some Americans will lose their jobs, Prime Minister Justin Trudeau said on Wednesday.Trudeau made his remarks during a televised press conference in Brussels after tal...Reuters
Wed, Feb 12
Stocks
EMERGING MARKETS-EM currencies under pressure after US inflation data boosts dollar
Dollar rises after hot U.S. inflation data Grupo Mexico reports drop in quarterly net profit Trump urges Jordan to take in Palestinians MSCI Latam FX flat, stocks down 0.8%By Purvi Agarwal Feb 12 (Reuters) - The dollar rose broadly against emerging market currencies on Wednesday after a strong in...Reuters
Wed, Feb 12
Stocks
BUZZ-AnaptysBio climbs on arthritis drug trial data
** Shares of drug developer AnaptysBio ANAB.O surge 28.3% to $15.88 in morning trade ** Co says its experimental drug, rosnilimab, met the main goal in a mid-stage trial for the treatment of rheumatoid arthritis, a chronic inflammatory disease that primarily affects the joints ** The main goal was ...Reuters
Wed, Feb 12
Other
BofA doubles banking team in Switzerland amid shifting regulatory landscape
Feb 12 (Reuters) - Bank of America BAC.N has doubled its banking team in Switzerland, seizing on a potential opportunity to gain market share as bigger Swiss rivals deal with tougher regulation.Switzerland has pledged to put in place stricter banking rules since the 2023 collapse of Credit Suisse, w...Reuters
Wed, Feb 12
Stocks
LIVE MARKETS-Wall Street opens lower on hot inflation
U.S. equity indexes red; Dow leads declines, off ~0.7Real estate weakest S&P 500 sector; Healthcare sole gainerEuro STOXX 600 index ~flatDollar rises; gold slips; bitcoin dips; crude off >1.5%U.S. 10-Year Treasury yield jumps to ~4.65%Welcome to the home for real-time coverage of markets brou...Reuters
Wed, Feb 12
Other
Origin Specialty launches captive solutions division in partnership with GPW & Associates
By Mia MacGregorFeb 12 - (The Insurer) - Beyond Risk’s Origin Specialty Underwriters Agency has partnered with its sister company GPW & Associates to launch Origin Captive Solutions, aimed at providing middle-market companies with expanded risk management solutions.Led by managing director Danie...Reuters
Wed, Feb 12
Stocks
South African rand falls after US inflation data
Updates prices to reflect afternoon trade JOHANNESBURG, Feb 12 (Reuters) - South Africa's rand slipped on Wednesday, after data showed U.S. consumer prices rose more than expected last month, raising the prospect of the Federal Reserve holding interest rates higher for longer. At 1520 GMT, th...Reuters
Wed, Feb 12
Other
US actions have serious impact on global health, WHO chief says
Updates with detail from paragraph 3 onwardsBy Jennifer Rigby and Mariam SunnyFeb 12 (Reuters) - The United States' pause on foreign aid contributions is having a serious impact on global health, hitting programmes fighting polio, HIV and other threats, World Health Organization Director-General...Reuters
Wed, Feb 12
Stocks
Alkermes Plc EPS Soars Past Forecasts
Alkermes (NASDAQ:ALKS), a biopharmaceutical company known for its innovative drugs targeting mental health and neurological disorders, announced its Q4 2024 earnings on Feb. 12. The company reported robust financial results, beating analyst estimates with a non-GAAP EPS of $1.04 against an expected ...The Motley Fool
Wed, Feb 12
Stocks
CANADA STOCKS-TSX falls as US inflation data dims Fed rate cut hopes
Updates with market opening pricesBy Ragini Mathur Feb 12 (Reuters) - Canada's main stock index fell on Wednesday, dragged by technology stocks, after a key U.S. inflation report slashed expectations of interest rate cuts by the Federal Reserve this year.The S&P/TSX composite index .GSPTS...Reuters
Wed, Feb 12
Other
Neutral Swiss propose relaxing arms exports restrictions
Cabinet says change would help maintain industrial capacityArms exports fell by more than a quarter in 2023Weapons sales to Ukraine would remain off limitsBy John RevillZURICH, Feb 12 (Reuters) - The Swiss government on Wednesday proposed relaxing restrictions on arms exports to try to bolster its d...Reuters
Wed, Feb 12
Stocks
BUZZ-Kraft Heinz falls on gloomy annual profit forecast
Updates** Packaged food maker Kraft Heinz's KHC.O shares down 3.3% at $28.58, their lowest since September 2020** Company expects annual adjusted earnings per share in the range of $2.63 to $2.74, compared with analysts' average estimates of $3.04, as per data compiled by LSEG** Co forecasts...Reuters
Wed, Feb 12
Other
US in talks with other nations on reciprocal tariffs, White House says
WASHINGTON, Feb 12 (Reuters) - Work on the administration's reciprocal tariffs is ongoing, and talks with other nations are underway, U.S. President Donald Trump's economic adviser Kevin Hassett said on Wednesday."That's a work in progress. Everybody's talking about it right now,...Reuters
Wed, Feb 12
Other
Trump asked Jordan's king to press Hamas on severity of Gaza situation
WASHINGTON, Feb 12 (Reuters) - U.S. President Donald Trump asked Jordanian King Abdullah to ensure the Hamas militants understand the "severity of the situation" if hostages are not released by Saturday's deadline, the White House said on Wednesday."The president reiterated that Hama...Reuters
Wed, Feb 12
Stocks
CME Group Inc reports results for the quarter ended December 31 - Earnings Summary
CME Group Inc CME.OQ reported quarterly adjusted earnings of $2.52 per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $2.37. The mean expectation of fifteen analysts for the quarter was for earnings of $2.44 per share. Wall Street...Reuters
Wed, Feb 12
