MediWound Ltd., a biopharmaceutical company that develops and commercializes novel solutions for tissue repair and regeneration, announced its second quarter 2023 financial results on August...
USD/CAD Rises to Highest Level Since June as Bulls Remain in Control
The USD/CAD pair extended its recent bullish momentum and climbed to its highest level since early June on Monday. The pair was supported by a...
Selina’s Stock Plummets to Record Low After Massive Sell-Off
Selina, the Israeli-founded hospitality company that went public last October through a SPAC merger, saw its stock price drop by 41% on Friday, August 20,...
Pound Sterling rises against US Dollar despite lack of buying momentum
The British Pound (GBP) gained some positive traction against the US Dollar (USD) on Monday, but remained below the mid-1.2700s level as the market lacked...
Gold prices edge up as China cuts rates, but copper remains subdued
Gold prices rose slightly on Monday, recovering from a five-month low hit last week, as investors sought some safe-haven appeal amid concerns over China’s economic...
Oil Prices Rise on Tight Supply and Demand Outlook
Oil prices rose on Monday as global supply is tightening with lower exports from Saudi Arabia and Russia, offsetting nagging concerns about global demand growth...
UK inflation drops to 6.8% but remains high amid energy and food costs
The UK’s annual inflation rate fell sharply to 6.8% in July, down from 7.9% in June, as lower energy prices helped to ease the cost...
Japan’s Inflation Cools Down as Energy Prices Drop
Japan’s core consumer prices, which exclude fresh food but include energy costs, slowed down in July as the government’s energy subsidies and lower oil prices...
China’s Evergrande files for bankruptcy amid real estate crisis
China’s Evergrande Group, the world’s most indebted property developer, has filed for bankruptcy protection in a US court as it faces a severe liquidity crunch...
S&P 500 closes flat as energy and defensive stocks offset tech losses
The S&P 500 index ended the week nearly unchanged on Friday, as gains in energy and defensive sectors balanced out the weakness in megacap growth...
China’s EV makers face challenges in European market
China’s electric vehicle (EV) makers, which have dominated the sales rankings at home, are arriving in Europe with ambitious plans to expand their market share....
China’s Yuan Intervention: What You Need to Know
China’s central bank has been intervening in the currency market to support the yuan, which has been under pressure from a slowing economy, rising inflation,...
Food prices in India may rise further before they cool down
India is facing a surge in food prices due to various factors such as supply disruptions, weather shocks, global commodity trends, and domestic policy measures....
Gold Price Sinks as US Dollar and Treasury Yields Soar. What’s Next for XAU/USD?
Gold price has been on a downward trend since the beginning of August, as the US dollar and Treasury yields have risen sharply. The yellow...
Evergrande’s US Bankruptcy Filing: What It Means for China and the World
Evergrande, the Chinese property giant that has been struggling to repay its massive debts, has filed for bankruptcy protection in the US. The move, which...
NICE Reports Strong Q2 Results, Raises Guidance For FY23
NICE Ltd (NASDAQ: NICE), a leading provider of cloud-based solutions for customer experience, analytics, and compliance, announced its second-quarter financial results for fiscal year 2023...