QuintilesIMS Holding infers global spending on prescription medicines in 2021 will be closer to $1 trillion, predicts average of 45 new drug launches each year
The Nikkei rose 0.9 per cent to 18,434.08 points by mid morning trade, supported by financials, exporters and real estate stocks.
Wall Street rose on Monday, with the Dow Jones industrials setting fresh record highs following a services sector report that showed further strength in the domestic economy.
US stocks rose on strong economic data while currency and bond investors shrugged off Italian PM Renzi's resignation, following voters' rejection of his constitutional reforms.
Italian Prime Minister Matteo Renzi has staked his political future on the referendum, and many market players expect him to step down
China has merged two giant steel mills to make a entity which will have total assets of 730 billion yuan (USD 105.9 billion) and 228,000 employees, a Baowu statement said
"The strength in PMI (Purchasing Managers' Index) numbers is unlikely to be sustained as much of it can be explained by previous stimulus measures," said Julian Evans-Pritchard at Capital Economics.
Farmers located in humid regions, where the risk of transmission is higher, are advised by health authorities to keep poultry flocks indoors or apply safety nets preventing contact with wild birds.
Loose credit and changing habits have rapidly transformed the country's famously loan-averse consumers into enthusiastic borrowers
Gold prices spiked to A$$1,760 per ounce in the run up to the US presidential election, reflecting safe-haven bets by investors over the outcome.
China's primary money rates were up again this week, although they eased slightly by Friday, driven up by signs of tight liquidity due to seasonal cash demand, traders said.
Official said in an email that the prosecutor's office had received a warrant request in connection with the shooting death of Wayne State Officer Collin Rose
Surging volatility in China's iron ore futures is sending global prices on a roller-coaster ride, spelling risks for traders and steel mills, some of whom are losing faith in a market swayed by speculative Chinese money.
Shifting the market away from long-term contracts to a freely floating spot market with the use of financial exchanges revolutionised the European energy market and could be about to do the same in Asia.
The 10-year US Treasury note yield rose about 5 basis points to 2.405 percent from the previous close on Wednesday.
Japan’s Nikkei share average rose for a seventh straight session on Friday after U.S. shares soared and the dollar jumped further against the yen, lifting prospects for better corporate earnings. The Nikkei rose 0.6 percent to 18,438.97 points by midmorning, extending its longest winning streak since November 2015. For the week, the benchmark index is […]
The Organization of the Petroleum Exporting Countries meets next week to try to finalise to output curbs.
For many outside the United States, Trump's pledge to rewrite the play book on trade and international relations prompted defensive gold buying.
Aiding the Aussie were gains in copper, coal and iron ore prices, all major export earners for Australia.
Beijing is encouraging the country's lenders to swap struggling borrowers' loan obligations for equity in its latest efforts to ease firms out of their debt-laden quagmires as the economy slows.
International Brent crude oil futures rose as high as $49.43 per barrel early on Tuesday, their highest since Oct 31.
In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.53 percent, pulled up by a 1.0 percent rally in Australian shares.
Against the dollar, the pound was a touch lower than the previous close, just above two-week lows hit during the day on Friday but more than a cent above the $1.21-22 handle it traded at for most of October.
High household debt, weakening exports, slumping foreign investment and low consumer confidence have cramped growth in what for years was Southeast Asia's flagship economy.
Trump's unexpected election victory has led to a major repricing of assets, with investors rushing to buy U.S. stocks and the dollar, while dumping bonds and emerging market assets.
The bond rout has lifted yields on U.S. 10-year paper a massive 48 basis points in less than two weeks.
The 10-year US Treasury yield rose to 2.355 percent, its highest since December. It is up about 51 basis points over the last two weeks - the biggest such rise in 13 years.
Without an extension, analysts forecast annual sales would at best be flat or could decline 2-3 %, which would be the first drop since China's car industry association began collating data in 1997
Asked about her own future, Yellen said it was "fully my intention'' to remain as Fed chair until her four-year term ends on February 3, 2018.
Seven cities recorded a slow-down in price growth on a monthly basis, versus six in September.
South Korea was on a foreign exchange "monitoring list" of countries in the October US Treasury report.
Oil prices jumped 6 percent overnight on renewed expectations that OPEC members will agree to cut output.
RBA left interest rates at a record low of 1.5% at its policy meeting this month, sounding optimistic about the economy and more confident that inflation would pick up
Stocks are opening modestly higher on Wall Street, led by gains in banks as interest rates continue to rise.
Myanmar’s stock exchange, the world’s youngest, is going through teething problems: few listings, low trading volume, irrational investor behavior.
MSCI's broadest index of Asia-Pacific shares outside Japan was flat in early trades while Australian stocks were off 0.5 percent.