European stocks rise as global selloff eases; NatWest up 7%
LONDON — European markets were higher on Friday as a global stock selloff eased and investors awaited a U.S. inflation print.
Markets asian news
U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
Economic activity in the U.S. was considerably stronger than expected during the second quarter, boosted by a strong consumer, government spending and a sizeable inventory build, according to an initial estimate Thursday from the Commerce Department.
Olympus faces challenge in China's endoscope market from local companies
TOKYO -- Olympus is facing growing competition in the endoscope market in China, CEO Stefan Kaufmann said during a recent media roundtable at which the German executive set out ways to globalize the Japanese medical device maker.
Japan's Eisai eyes blood test for Alzheimer's drug eligibility
TOKYO -- Japanese pharmaceutical company Eisai is developing a blood test to determine whether patients with Alzheimer's disease can benefit from lecanemab, marking another step in its efforts to expand its dementia treatment and care business.
Asia-Pacific markets rebound after sell-off as investors assess Tokyo CPI, await U.S. inflation data
Asia-Pacific markets rebounded Friday, after Thursday's sell-off saw some indexes in the region hit their lowest level in months.
Wegovy rival to be part of a suite of weight loss drugs, Roche CEO says following positive trial results
Roche said Thursday that its Wegovy rival weight loss drugs will be part of a suite of medicines aimed at combatting the effects of obesity.
Samsung hints at new products as it bets on AI to drive upgrades to its latest foldable phones
In a swanky downtown Paris hotel, Samsung Electronics' mobile boss sat behind a suite of the tech giant's latest products, ranging from foldable smartphones to the brand new smart ring — underscoring how the South Korean firm is looking to lock customers into its world of products to drive sales.
Renesas market cap plummets $4.9bn after earnings disappoint
TOKYO -- Renesas Electronics saw net profit for the first half of 2024 tumble 29% on the year after overestimating demand, the Japanese chipmaker announced Thursday, sparking a sell-off that sapped 760 billion yen ($4.9 billion) from its market capitalization in one day.