Stocks Mixed to Lower in US Intraday

Stocks Mixed to Lower in US Intraday

The main US benchmarks were trading mixed to mostly lower Thursday afternoon amid conflicting reports from the domestic labor market and retail stocks retreated on declines in seasonal sales. Unemployment claims in the week that ended on Dec. 31 dropped by 28,000 to 235,000, nearing the lowest level in 43 years. Analysts had expected a modest decline to 260,000. ADP said that private companies added 153,000 jobs in December, well […]

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Asian Stock Markets Mostly Higher On Stronger Dollar

Asian Stock Markets Mostly Higher On Stronger Dollar

Asian stock markets mostly moved ahead Wednesday, with Tokyo opening from holiday with a large gain and Shanghai ending up, although Hong Kong traded essentially flat. The U.S. dollar hit a 14-year high against a basket of currencies, while oils softened. Overnight gains on Wall Street underlined sentiments, as well as positive postings on industrial purchasing-managers’ indexes. In Tokyo, the Nikkei 225 opened 2017 by posting a 2.51% gain, boosted […]

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Cellular Biomedicine Group Signs Lease on New Cell Production Facility

Cellular Biomedicine Group Signs Lease on New Cell Production Facility

Cellular Biomedicine Group said Tuesday it will now be able to support five simultaneous clinical trials for CAR-T and stem cell products, or approximately the ability to treat 10,000 cancer and stem cell patients each year in its new 113,038 square feet building. The company signed a 10-year lease of the building located in the “Pharma Valley” in the Shanghai Zhangjiang High-Tech Park. The new good manufacturing practice (GMP) facility […]

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UK Business Sentiment at 18-Month High

UK Business Sentiment at 18-Month High

UK business optimism rose to an 18-month high in the fourth quarter after the economy held up better than than expected following the June vote to leave the European Union, Deloitte said. UK economic growth slowed less in the third quarter than many economists have estimated and Bank of England policy makers feared who had initially predicted the economy will barely grow in the second half as a result of […]

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Shell Midstream Acquires Interests in Three Gulf of Mexico Pipelines

Shell Midstream Acquires Interests in Three Gulf of Mexico Pipelines

Shell Midstream Partners, a master limited partnership company, said it has bought interests in three Gulf of Mexico properties to build on its corridor pipeline strategy in the area. The company has acquired 10% interest in Proteus Oil Pipeline, 10% interest in Endymion Oil Pipeline, and a 1% interest in Cleopatra Gas Gathering from BP (BP). The acquisition was funded with borrowings under Shell Midstream Partners’ revolving credit facilities and […]

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