(Adds details from the company’s proxy filing in paragraph 6) May 6 (Reuters) – Hedge fund Shah Capital on Monday urged Novavax shareholders to vote against the re-election of three directors and proposals related to executive compensation, weeks after pushing for a board shakeup at the COVID-19 vaccine maker. Shah […]
Gold prices surged by over 1%, buoyed by a weakening U.S. dollar following subdued U.S. jobs data, on Monday. This prompted speculation of potential interest rate cuts by the Federal Reserve in the coming months. Spot gold experienced a rise of 0.8%, reaching $2,320.95 per ounce by 1503 GMT. Additionally, […]
Oil futures saw an increase on Monday following Saudi Arabia’s decision to raise June crude prices for most regions. Additionally, concerns grew over the possibility of a ceasefire agreement in Gaza, leading to renewed fears of potential escalation in the oil-rich region due to the Israel-Hamas conflict. Brent crude futures […]
Spirit Airlines shares slid more than 9 per cent in morning trade in New York on Monday on weak forecast for second quarter (Q2) revenue. At 12:00 pm EDT, the Spirit Airlines stock was at $3.3401, down 9.97 per cent. The airline, impacted by issues with RTX’s Pratt & Whitney Geared Turbofan […]
Gold, which is considered as a secured investment amid geopolitical and economic upheavals, has witnessed a significant surge in value due to Russia’s invasion of Ukraine and the conflict in the Gaza Strip. However, the prolonged and resilient ascent of gold, surpassing $2,400 per ounce, can be largely attributed to […]
The shares of public sector banks fell during trade on Monday after the Reserve Bank of India’s draft rules proposed higher provisioning norms on under-construction projects. PSU Bank nifty index fell 3.66% to close at 7,252.85 in trade on Monday. On 3 May, RBI issued a draft prudential framework for […]
Major cryptocurrencies experienced a rally on Monday following the release of softer-than-anticipated US jobs data, which revived expectations that the Federal Reserve might consider easing rates within the year. World’s largest cryptocurrency Bitcoin experienced a 1.5% increase, reaching $64,340 on Monday, whereas the second-largest digital token, Ethereum, saw a 3% […]
Wall Street: US stocks surged on Monday on greater hopes of the US Federal Reserve cutting interest rates this year following last week’s softer-than-expected jobs data. Last week, the US Fed left interest rates unchanged and indicated that it was leaning toward eventual cuts in borrowing costs. At 09:41 a.m. […]
The concerns in the recent past have weighed on diversion of Sugar to Ethanol production. Government in order to control Sugar prices has not allowed significant diversion of Sugar. Hence the crushing season in Sugar year 2024 though may be showing favorable production trends , nevertheless the Balrampur Chini Mills, […]
With an impressive response across categories, the Indegene IPO has been fully booked on its first day itself. The category for non-institutional investors fetched 4.13 times subscription, while the portion for retail investors got subscribed 1.50 times. The quota for employees received 1.31 times subscription. Indegene IPO subscription status is […]