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Tue, 19 Jun 2018 21:45:13 GMT
Read the latest on pharma/biotech news, Clinical Trial Results, FDA Calendar, Top Gainers, Recalls, Food Alert and more on RTTNews Biotechnology.
Are you interested in biotechnology news ?
Tue, 19 Jun 2018 21:45:13 GMT
Read the latest on pharma/biotech news, Clinical Trial Results, FDA Calendar, Top Gainers, Recalls, Food Alert and more on RTTNews Biotechnology.
Draghi Reiterates ECB To Remain Patient In Hiking Rates
Tue, 19 Jun 2018 15:06:25 GMT
European Central Bank President Mario Draghi reiterated on Tuesday that the bank will adopt a patient approach to tightening policy and stands ready to adjust all its policy tools when needed. On June 14, the central bank decided to halve its monthly asset purchases to EUR 15 billion after September and to eventually stop them at the end of the year.
Indian State To Implement Blockchain In Food Supply, Distribution
Tue, 19 Jun 2018 14:39:47 GMT
The Government of Kerala, the southernmost state of India, has launched a project to use the Blockchain technology to make food supply and distribution network more efficient. The new project, which will be implemented through the Kerala Development and Innovation Strategic Council or K-DISC, will also use blockchain for its crop insurance scheme.
Cryptocurrency Daily Roundup - Jun. 19
Tue, 19 Jun 2018 13:37:31 GMT
Bitcoin and its peers managed to sustain the upward momentum they gained over the past few hours and are firmly in the green Tuesday morning. The cryptomarket capitalization recovered strongly on Monday and is at $293.41 billion around 9.15 am ET. Here is a wrap of the main news from the cryptocurrency and blockchain world over the past 24 hours.
U.S. Housing Starts Jump More Than Expected But Building Permits Plummet
Tue, 19 Jun 2018 13:21:02 GMT
While the Commerce Department released a report on Tuesday showing a much bigger than expected jump in new residential construction in the U.S. in the month of May, the report also showed a much steeper than expected drop in building permits.
Crypto Fund AG Wins Swiss FINMA License For Fund Distribution
Tue, 19 Jun 2018 12:56:14 GMT
Crypto Fund AG, a firm focused on crypto investments, received a license to distribute funds in Switzerland from FINMA, the country's financial market watchdog. The Zug, Switzerland-based firm announced on Monday that it won a FINMA license as a distributor of collective investment schemes and gained the opportunity to distribute funds to qualified investors.
China Adds More Stimulus As Trade Dispute Escalates
Tue, 19 Jun 2018 12:42:25 GMT
China's central bank added more funds into the financial system on Tuesday after the US President Donald Trump threatened to impose a 10 percent tariff on an additional $200 billion of Chinese imports. The People's Bank of China added CNY 200 billion via medium-term lending facility on concerns over liquidity as well as negative impact from trade conflicts.
Rich Increasingly Interested In Cryptocurrencies, But Cautious, Report Finds
Tue, 19 Jun 2018 09:45:53 GMT
High net worth individuals, or HNWIs, are increasingly interested in cryptocurrencies as an investment and a store of value, but they remain cautious and are seeking wisdom from wealth management firms, results of a report, released Tuesday, showed. The findings are part of the 22nd annual edition of the Wold Wealth Report, compiled by the professional services firm Capgemini.
Dow tumbles about 300 points, wipes out gains for year, as Trump directs more tariffs at China
Tue, 19 Jun 2018 09:22:00 GMT
Stocks fell sharply on Tuesday after Trump's latest threat to China increased fears of an impending trade war.
Australia Q1 House Price Index Slides 0.7%
Tue, 19 Jun 2018 02:45:11 GMT
Residential property prices in Australia fell 0.7 percent on quarter in the first three months of 2018, the Australian Bureau of Statistics said on Tuesday.
RBA Minutes: Continued Improvement Seen In Global Economic Conditions
Tue, 19 Jun 2018 02:15:11 GMT
Members of the Reserve Bank of Australia's Monetary Policy Board said that global economic conditions have continued to improve, minutes from the bank's June 5 meeting revealed on Tuesday.
U.S. Homebuilder Confidence Unexpectedly Decreases In June
Mon, 18 Jun 2018 14:13:44 GMT
Partly reflecting sharply elevated lumber prices, the National Association of Home Builders released a report on Monday unexpectedly showing a deterioration in U.S. homebuilder confidence in the month of June. The report said the NAHB/Wells Fargo Housing Market Index dipped to 68 in June from 70 in May.
Cryptocurrency Daily Roundup - Jun. 18
Mon, 18 Jun 2018 13:52:13 GMT
Cryptocurrencies made a sluggish start to the week, opening in the red. Overall crypto market capitalization shrunk by around $5 billion over the weekend. Sentiment was likely hurt by criticism on cryptocurrencies from the bank of central banks. As of 9.34 am ET on Monday, the cryptocurrency market capitalization was $274.78 billion on CoinMarketCap.
Bitcoin Futures Expiration May Have Led To Fall In Price: Fundstrat's Lee
Mon, 18 Jun 2018 13:47:27 GMT
The "gut-wrenching" declines witnessed in Bitcoin's price in the week beginning June 10 was likely due to the expiration of futures linked to the top cryptocurrency, Fundstrat Global Co-founder Thomas Lee reportedly said in a client note. Lee, a prominent bull on Bitcoin, said the top cryptocurrency displayed "dramatic price changes" around CBOE futures expirations.
Russia's Largest Two Banks To Test Crypto Products In Regulatory Sandbox
Mon, 18 Jun 2018 10:35:02 GMT
Russia's biggest two banks, Sberbank and Alfa Bank, are planning to test several private banking products based on cryptocurrencies in a regulatory sandbox environment hosted by the Russian central bank, the Kommersant newspaper reported.
Dow posts 5-day losing streak on lingering US-China trade tensions
Mon, 18 Jun 2018 09:45:00 GMT
Stocks fell on Monday as a potential trade war between the U.S. and China left Wall Street rattled.
Japan May Trade Deficit 578.321 Billion Yen
Mon, 18 Jun 2018 00:45:06 GMT
Japan posed a merchandise trade shortfall of 578.321 billion yen in May, the Ministry of Finance said on Monday.
Crypto Weekly - Jun. 15
Fri, 15 Jun 2018 14:45:36 GMT
Bitcoin and its peers began the week in the red hurt by the news that a relatively small cryptocurrency exchange in South Korea was hacked. However, the top cryptocurrency and altcoins rallied Thursday after William Hinman, SEC director for corporate finance, said that Bitcoin and Ether are not securities. Bitcoin climbed back above $6,500.
U.S. Consumer Sentiment Improves More Than Expected In June
Fri, 15 Jun 2018 14:27:11 GMT
A report released by the University of Michigan on Friday showed a much bigger than expected improvement in U.S. consumer sentiment in the month of June. The report said the preliminary reading on the consumer sentiment index for June came in at 99.3 compared to the final May reading of 98.0.
Cryptocurrencies Rally After SEC Official Says Bitcoin And Ether Not Securities
Fri, 15 Jun 2018 14:19:02 GMT
Cryptocurrencies strongly gained Thursday after a top SEC official said Bitcoin and Ether, the two leading cryptocurrencies in that order, cannot be treated as securities, but some initial coin offerings could be. When an asset is offered and sold in a way that causes investors to have a reasonable expectation of profits based on the efforts of others, it can be a security, William Hinman said.
Cryptocurrency Daily Roundup - Jun. 15
Fri, 15 Jun 2018 13:57:16 GMT
Cryptocurrencies were firmly in the green Friday morning, extending their gains from Thursday, when they rallied after a top official of the US financial market watchdog said Bitcoin and Ether are not securities. Here is wrap of the main news from the cryptocurrency and blockchain world over the past 24 hours.
U.S. Industrial Production Unexpectedly Edges Lower In May
Fri, 15 Jun 2018 13:38:51 GMT
With a drop in manufacturing output more than offsetting jumps in mining and utilities output, the Federal Reserve released a report on Friday unexpectedly showing a modest decrease in U.S. industrial production in the month of May. The Fed said industrial production edged down by 0.1 percent.
Global Watchdog Mulls Binding Rules For Crypto Exchanges
Fri, 15 Jun 2018 13:10:05 GMT
The Paris-based Financial Action Task Force (FATF), a global watchdog fighting financial crime is planning to frame binding rules to govern cryptocurrency exchanges, Reuters reported, citing a Japanese government official familiar with the matter.
Growth In New York Manufacturing Activity Unexpectedly Accelerates In June
Fri, 15 Jun 2018 13:09:57 GMT
Growth in New York manufacturing activity unexpectedly accelerated in the month of June, according to a report released by the Federal Reserve Bank of New York on Friday. The New York Fed said its general business conditions index climbed to 25.0 in June from 20.1 in May.
Stocks cut losses as Wall Street shrugs off trade-war fears
Fri, 15 Jun 2018 09:45:00 GMT
Stocks slashed losses to close well off the lows of the day as investor worries about a U.S.-China trade war decreased.
Bank Of Japan Retains Stimulus; Lowers Inflation Outlook
Fri, 15 Jun 2018 07:19:00 GMT
Bank of Japan maintained its monetary stimulus and lowered its inflation forecast, even as other major central banks resorted to tightening this week. Governor Haruhiko Kuroda and his board members decided by an 8-1 majority vote to hold its target of raising the amount of outstanding JGB holdings at an annual pace of about JPY 80 trillion.
European Economics Preview: Eurozone Inflation, Trade Data Due
Fri, 15 Jun 2018 04:57:09 GMT
Final consumer prices and foreign trade from euro area are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the European Automobile Manufacturers Association is slated to publish passenger car sales data for May.
U.S. Business Inventories Rise In Line With Estimates In April
Thu, 14 Jun 2018 14:16:17 GMT
Business inventories in the U.S. increased in line with economist estimates in the month of April, according to a report released by the Commerce Department on Thursday. The Commerce Department said business inventories rose by 0.3 percent in April following a revised 0.1 percent dip in March.
Cryptocurrency Daily Roundup - Jun. 14
Thu, 14 Jun 2018 14:11:39 GMT
Bitcoin and its peers extended their slide from the past couple of days Thursday morning. The top cryptocurrency briefly went above the crucial mark of $6,500, but failed to hold on to the gains. Sentiment soured after some negative remarks on Bitcoin from the Ripple CEO and a damaging result of a study surfaced that said the altcoin Tether was used to manipulate the price of Bitcoin in 2017.
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