(RTTNews) - Biopharmaceutical major AstraZeneca PLC (AZN), announced on Tuesday that it has entered into a definitive agreement to acquire Gracell Biotechnologies Inc. (GRCL) for up to $1.2 billion in an all-cash transaction.
Most Asian currencies and equities strengthened on Tuesday, with the Malaysian ringgit hovering at more than a four-month high earlier in the day, as cooling U.S. inflation bolstered bets the Federal Reserve would cut interest rates soon.
Iron ore futures rose on Tuesday, driven by hopes of economic stimulus measures aimed at bolstering the Chinese economy and anticipation of robust demand.
The dollar was trying to find a floor on Tuesday in holiday-thinned trade, pressured by signs that inflation in the world's largest economy is cooling which will likely give the Federal Reserve room to ease interest rates next year.
High food prices in recent years have prompted farmers worldwide to plant more cereals and oilseeds, but consumers are set to face tighter supplies well into 2024, amid adverse El Nino weather, export restrictions and higher biofuel mandates.
AstraZeneca said on Tuesday
it had agreed to buy China-based Gracell Biotechnologies to support its cell therapy ambitions, in a deal valued
at approximately $1.2 billion.
(Reporting by Urvi Dugar in Bengaluru; Editing by Sonia Cheema)
((UrviManoj.Dugar@thomsonreuters.com;))
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Mozambique have named 40-year-old winger Dominguez to captain their 23-man squad at next month's African Cup of Nations finals in the Ivory Coast and also handed a first call-up to former German under-20 international Alfons Amade.
Asian stocks crept higher on Tuesday and the dollar lurked near a five-month low as cooling U.S. inflation bolstered bets the Federal Reserve would cut interest rates early next year.
India's Nifty 50 is likely to start the last week of 2023 with slight gains, tracking gains in some Asian stocks, after cooler-than-expected U.S. inflation data boosted bets that the Federal Reserve could cut interest rates next year.
(RTTNews) - Indian shares look set to open on a flat note Tuesday as markets head into the final week of 2023. Volatility may increase this week due to the scheduled expiry of December month derivative contracts.
(RTTNews) - HD Hyundai, formerly known as Hyundai Heavy Industries Group, said it has partnered with Google Cloud to accelerate its digital transformation using generative AI technology.
(RTTNews) - Giving up some of the gains the previous two sessions, the Japanese stock market is slightly lower on Tuesday, with the Nikkei 225 staying above the 33,200 mark, following the lack of any major cues from global markets overnight as they were closed for Christmas holid
Asian stocks traded tentatively on Tuesday, while the dollar lurked near a five-month low as cooling U.S. inflation bolstered bets the Federal Reserve would cut interest rates soon.
The U.S. military carried out retaliatory strikes on Monday in Iraq after an attack earlier in the day by Iran-aligned militants that wounded three U.S. personnel, including one who is in critical condition, the Pentagon said.
The Indian rupee and government bonds will take cues from Asian currencies and U.S. Treasuries, respectively, and are likely to remain rangebound in the year's last trading week shortened by the Christmas holiday.
Gold prices inched higher in holiday-thinned trade on Tuesday, helped by a weaker U.S. dollar and lower bond yields on rising prospects of interest rate cuts by the Federal Reserve as early as March next year.
Philippine President Ferdinand Marcos Jr. has approved the extension of reduced tariffs on rice and other food items until the end-2024 to keep prices stable amid a threat of dry weather in the coming months, his office said on Tuesday.
Oil prices were little changed on Tuesday as investors focused on geopolitical tensions in the Middle East and optimism the U.S. Federal Reserve would soon start cutting interest rates, lifting global economic growth and fuel demand.
Candido Trinidad de la Cruz had been planning a family Christmas celebration until Hurricane Otis hit two months ago and flooded the Mexican beach resort Acapulco, sweeping away his wife and two children, and all their belongings.
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