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100-bp rate spike from Bank of Canada shakes up markets
On Wednesday, in an attempt to suppress the growing inflation, the Bank of Canada (BoC) increased its benchmark interest rate by an entire percentage...
Teva, Allergan call truce with San Francisco over $58 mln opioid settlement
On Tuesday, San Francisco had to settle with a $58 million settlement from AbbVie’s Allergan and Israel-situated Teva Pharmaceutical Industries (TEVA.TA) right before a...
Emerging victorious, dollar touches 24-year high on the yen
After Japan’s ruling conservative coalition bagged a majority in the election on Sunday, they had showcased no possible changes to give the monetary policies...
Shares at the edge of their seat for U.S. inflation; gold falls further
On Monday, Asian markets were seen scrambling as investors put their fists up for an inflation report of the U.S. that might enforce yet...
Euro steeped to the 20-year low, uplifting recession concerns
After facing off against the dollar on Thursday, the euro closed the distance toward a two-decade low. Europe’s energy shortage loomed threateningly over the...