January 2024 – Page 24 – UAG Trade Asia

Oil Down as Traders Mull Mixed Supply Cues

January 23, 2024
Oil
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LONDON, Jan 23 Reuters Oil prices fell on Tuesday, handing back some of the previous day39;s gains, as traders weighed rising crude supply in Libya and Norway against simmering geopolitical tensions in several regions and production outages in the United States. Brent crude futures were down 59 cents, or 0.74, to 79.47 a barrel at […]

January 23, 2024
Uncategorized
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PARIS, Jan 23 Reuters French healthcare company Sanofi has agreed to buy the drug development project INBRX101 from its parent company Inhibrx Inc for around 2.2 billion, the companies said on Tuesday. As part of this deal, Inhibrx shareholders will get 30 per share in cash, one contingent value right CVR equal to 5 and 0.25 shares […]

January 23, 2024
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BEIJING, Jan 22 Reuters China39;s capital city Beijing has set a growth target of around 5 for 2024, surpassing last year39;s target of above 4.5, despite expectations of slower growth for the national economy. The economy of the capital city expanded 5.2 in 2023, in line with the national economy, which has so far posted feeble […]

January 23, 2024
Uncategorized
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BERLIN, Jan 22 Reuters Exports to Germany39;s most important overseas trade partners, including the United States and China, fell significantly at the end of last year, according to statistics office data on Monday. In December, exports to countries outside the European Union fell 4.0 compared with November, on a calendar and seasonally adjusted basis, to […]

January 23, 2024
Uncategorized
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TOKYO, Jan 22 Reuters Japan39;s primary budget balance is expected to remain in the red in the fiscal year 202526 when policymakers had hoped to achieve a surplus, the Cabinet Office estimates showed, highlighting the stiff costs of servicing a record public debt. The primary balance a key measure of how much Japan39;s national and […]

January 22, 2024
Politics
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Majority of economists expect rate cut in JuneJuly Canada39;s Dec inflation rose to 3.4 from 3.1 in Nov Current interest rate at a 22year high of 5 OTTAWA, Jan 22 Reuters The Bank of Canada is expected to leave its key overnight rate unchanged at its meeting on Wednesday, but stubborn inflation has markets delaying […]

January 22, 2024
Business
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Hindus celebrate opening of temple on contentious site Modis BJP fulfils key promise before elections 39;Beginning of new era,39; says PM Modi High security in communally sensitive towns, cities Pakistan urges safety for minorities, opposition boycotts event AYODHYA, India, Jan 22 Reuters Indian Prime Minister Narendra Modi led the consecration on Monday of a grand temple to […]

January 22, 2024
Business
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Jan 22 Reuters JSW Group is set to invest 400 billion rupees 4.81 billion in electric vehicle EV manufacturing projects in India39;s coastal state of Odisha, as it takes on both domestic and international players in India39;s small but booming EV market. Electric models made up around 2 of India39;s car sales last year, with […]

January 22, 2024
Business
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BENGALURUHYDERABAD, Jan 22 Reuters Indian generic drugmaker Cipla on Monday reported its thirdquarter profit above analysts expectations, boosted by strong performances in North American and domestic markets. Consolidated net profit rose 32 to 10.56 billion Indian rupees 127.1 million in the quarter ended Dec. 31 from a year earlier, compared with average analysts39; estimate of 10.43 […]

January 22, 2024
Business
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Jan 22 Reuters Shares of ArcherDanielsMidland slid 22 on Monday, the steepest drop in decades, after CFO Vikram Luthar was placed on administrative leave as the company investigates accounting practices at its Nutrition segment. The global grains merchant cut its 2023 profit forecast and said its fourthquarter results would be delayed due to the investigation related […]

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Oil Down as Traders Mull Mixed Supply Cues

Frances Sanofi to Buy U.S. Drugs Project INBRX101

Beijing Sets 2024 Growth Target Higher Despite Slowing Economy

German Exports to US, China Fall Sharply in December

Japan seen Missing Primary Budget Surplus Target in FY2025

BoC to Keep Rates on Hold as Stubborn Inflation Delays Cut

Indias Modi Leads Consecration of Ram Temple in Ayodhya

JSW Group to Invest 5 bln in EV Projects in Eastern India

Indias Cipla Q3 Profit Tops Estimates on North America Sales Boost

ADM Shares Dive 22 as Accounting Probe Launched, CFO Placed on Leave

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