Bristol-Myers Squibb Co (NYSE: BMY) is inching up on Monday after announcing an $11 billion deal with BioNTech SE (Nasdaq: BNTX) aimed at transforming cancer treatment.The pharmaceutical behemoth announced the said partnership at ASCO, the world’s largest cancer conference in Chicago. Despite today’s price action, BMY shares are down some…
Top private equity stocks have plunged this year as concerns about the industry remain. Apollo Global stock price was trading at $130.5 on Monday, down by 30% from its highest point this year. Similarly, Blackstone, the biggest company in the sector, has crashed by 29% from its 2024 high. KKR, Carlyle,…
The Nifty 50 Index has wavered in the past few weeks as investors book profits following the recent surge. It jumped to ₹25,110 in May, up by over 15% from its lowest point in April as concerns about tariffs eased. This article explains what to expect from the Reserve Bank…
Singapore, which has historically depended on gas for its energy supply, is now exploring regional grid connections. The strategy primarily involves utilising subsea cables to establish links between national grids, thus facilitating electricity trading across borders, Rystad Energy said in a report on Tuesday.This strategic transition is intended to speed up…
European stock markets experienced a reversal in early trading on Tuesday, with the pan-European Stoxx 600 index turning lower after an initially positive start. The renewed caution among investors was largely attributed to the resurfacing specter of US tariffs, following President Donald Trump’s recent pronouncements, even as market participants keenly…
The Vietnamese Agriculture Ministry announced on Tuesday that domestic companies plan to sign memorandums of understanding with US partners to purchase $2 billion in American agricultural goods, according to a Reuters report. This initiative is aimed at advancing a new trade agreement between Vietnam and the US.US President Donald Trump’s administration…
The KOSPI Composite Index has embarked on a strong rally in the past few months as South Korean shares surged. The index, which tracks the biggest South Korean companies, rose to KRW 2,720, its highest point since August 26, and 18% above the lowest point this year. Interest rate cuts have…
Asia-Pacific stock markets concluded Tuesday’s trading session with a varied performance as investors digested a sharp contraction in China’s manufacturing activity and continued to grapple with the implications of escalating US trade protectionism. While some regional bourses managed gains, Indian benchmarks, including the Sensex, extended their losing streak amid domestic…
Following tighter US sanctions and a significant drop in oil revenue, Venezuela’s government is increasing taxes and public service fees on the private sector in an attempt to alleviate some of the fiscal pressure. According to Reuters, economists and concerned business leaders say that this policy change will make things…
The Bank of Canada is expected to hold its benchmark interest rate steady at 2.75% on Wednesday, after growth in the first quarter turned out stronger than many anticipated, reducing the urgency for monetary easing. At least 75% of economists forecast the central bank to keep its rates steady this week,…