International News
Sarepta Therapeutics hit after FDA pushes back on fast-track approval for Golodirsen
Shares of Wall Street biotechnology darling Sarepta Therapeutics came under sharp selling pressure after America's drug safety watchdog rejected the company's petition for accelerated approval of its Golodirsen drug for Duchenne Muscular Distrophy.
FX round-up: Pound edges higher following remarks by German Chancellor
Sterling edged higher in a risk-off session on Tuesday after German Chancellor Angela Merkel appeared to open the door to a compromise solution on the Brexit backstop.
Pompeo says Hong Kong violence would make China trade deal 'more difficult'
US Secretary of State Mike Pompeo on Tuesday warned Beijing that a violent crackdown on protests in Hong Kong would make a trade deal between the US and China "more difficult".
Home Depot trims forecasts as trade war weighs on sales
US home improvement retailer Home Depot warned on Tuesday that Washington's trade spat with Beijing would result in subdued sales growth during its current trading year.
Italian PM Giuseppe Conte resigns amid political crisis
Italian Prime Minister Giuseppe Conte resigned on Tuesday in the latest phase of the country's political crisis following Matteo Salvini’s grab for power.
US open: Stocks head south as traders await Fed minutes
Stocks headed south at the opening bell as market participants were focussed on the state of US-China relations and the outlook for monetary policy.
US pre-open: Flat open expected with trade tensions and monetary policy in focus
Wall Street futures were pointing to a flat session ahead of the bell with market participants still focussed on the state of US-China relations and the outlook for monetary policy.
Asia report: Markets mixed as PBOC takes wraps off new rates
Markets in Asia finished in a mixed state on Tuesday, as the People’s Bank of China took the wraps off its new loan prime rates, calculated under a new mechanism, and investors digested the latest policy meeting minutes from the Reserve Bank of Australia.
App developers accuse Apple of anti-competitive practices
A group of app developers have written an email to Apple’s boss Tim Cook claiming that some privacy changes to the latest Apple iOS could hurt their business labelling the move as anti-competitive behaviour.
Bayer to sell animal health business to Elanco in $7.6bn deal
German pharmaceutical and life sciences group Bayer has agreed to sell its animal health business to US-based Elanco in a $7. 6bn cash and stock deal.