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EU approves Sanofi's Dupixent for 'smoker's lungs'

EU approves Sanofi's Dupixent for 'smoker's lungs' July 3 (Reuters) - Sanofi SASY.PA and partner Regeneron REGN.O on Wednesday won European Union approval for wider use of their Dupixent injection in patients with a chronic lung disease, a rare case of the EU clearing a drug faster than the United States. The EU Commission approved Dupixent to treat chronic obstructive pulmonary disease (COPD) in patients that cannot be helped by standard inhaled drugs, Sanofi said in a statement, following a re
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Morgans initiates Australia's Guzman y Gomez with 'add' rating

BUZZ-Morgans initiates Australia's Guzman y Gomez with 'add' rating ** Analysts at Morgans initiate coverage on Australia's Guzman y Gomez GYG.AX with "Add" rating and price target of A$30.8 ** Broker sees FY26 EBITDA growth of 40.6%, with acceleration in earnings expected to continue into FY27 ** GYG fastest-growing quick service restaurant in Australia - Morgans ** Says fast food chain, which competes with Chipotle CMG.N and Wingstop WING.O , trades at higher EV/EBITDA premium to other ASX-lis

EU approves Sanofi's Dupixent for 'smoker's lungs'

EU approves Sanofi's Dupixent for 'smoker's lungs' July 3 (Reuters) - Sanofi SASY.PA and partner Regeneron REGN.O on Wednesday won European Union approval for wider use of their Dupixent injection in patients with a chronic lung disease, a rare case of the EU clearing a drug faster than the United States. The EU Commission approved Dupixent to treat chronic obstructive pulmonary disease (COPD) in patients that cannot be helped by standard inhaled drugs, Sanofi said in a statement, following a re
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Economic warnings dominate as UK election campaign enters final day

Economic warnings dominate as UK election campaign enters final day LONDON, July 3 (Reuters) - Britain's Keir Starmer and Rishi Sunak on Wednesday kicked off the last day of campaigning before polls open in a national election, each warning voters of dire economic consequences if the other man wins. Opinion polls show Starmer's Labour Party is set for a big win that would end 14 years of Conservative government and hand the centre-left leader the keys to the prime minister's Number 10 Downing St

Twitchy, Truss-scarred UK bond market awaits a Labour government

GRAPHIC-Twitchy, Truss-scarred UK bond market awaits a Labour government By Harry Robertson LONDON, July 3 (Reuters) - A bond market crisis that rocked Britain's economy two years ago has cast a long shadow over the country's July 4 election which will likely linger as a new government finds its feet. Spooked by plans by the ruling Conservative Party's then-Prime Minister Liz Truss to slash taxes in September 2022, the scars of the bond rout remain.
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India’s chase of foreign shorts hits close to home

RPT-BREAKINGVIEWS-India’s chase of foreign shorts hits close to home The authors are Reuters Breakingviews columnists. The opinions expressed are their own. By Una Galani, Shritama Bose MUMBAI, July 3 (Reuters Breakingviews) - India’s securities regulator is going after the short sellers who bet against Gautam Adani’s infrastructure empire and triggered a $150 billion rout in the value of his companies.

Rupee nearly flat wedged between yuan weakness, dip in US bond yields

INDIA RUPEE-Rupee nearly flat wedged between yuan weakness, dip in US bond yields By Jaspreet Kalra MUMBAI, July 3 (Reuters) - The Indian rupee was little changed on Wednesday as a dip in U.S. bond yields did little to help Asian currencies which remained under pressure due to weakness in the Japanese yen and the Chinese yuan. The rupee INR=IN was at 83.50 against the U.S.
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India's KCP extends rally on board approval for project

BUZZ-India's KCP extends rally on board approval for project ** Shares of Indian cement-to-sugar maker KCP KCP.NS eyes gains for the fourth straight session, last up 1.6% ** KCP rose as much as 3% earlier in the day ** Co's board approved railway siding project, which includes building cement grinding press and equipment to handle input materials *

India's Vraj Iron and Steel jumps 22% in debut trade

BUZZ-India's Vraj Iron and Steel jumps 22% in debut trade ** Shares of Vraj Iron and Steel VRAJ.NS jump 21.7% at 252 rupees on first day of trading ** VRAJ, which makes sponge iron and TMT bars, opened at 240 rupees, a near 16% premium to IPO price of 207 rupees ** VRAJ's IPO -- of fresh shares worth 1.71 bln rupees ($20.5 mln) -- was oversubscribe

India's V2 Retail hits over 16-yr high on Q1 rev jump

BUZZ-India's V2 Retail hits over 16-yr high on Q1 rev jump ** Shares of V2 Retail VREL.NS rise as much as 5% to 812 rupees, highest level since April 29, 2008 ** Apparel and accessories retailer said on Tuesday its Q1 rev from ops jumped 57% Y/Y to 4.14 bln rupees ($49.6 mln) ** Adds, same store sales grew around 37% Y/Y ** Stock gained 44% in June

Russia's Novorossiysk authorities limit beach access after sea drone attacks

UPDATE 1-Russia's Novorossiysk authorities limit beach access after sea drone attacks Adds number of drones, context in paragraphs 3, 5-6 July 3 (Reuters) - Beach access in the Russian Black Sea port of Novorossiysk will be restricted early on Wednesday, the mayor of the city said, after reporting that defence forces were engaged in repelling a sea drone attack.

Exports of Chinese rare earths likely to jump ahead of Oct 1, Antaike says

Exports of Chinese rare earths likely to jump ahead of Oct 1, Antaike says BEIJING, July 3 (Reuters) - Exports of rare earths in top producer China are likely to increase ahead of new regulations due to take effect on October 1, the state-backed research house Antaike said on Tuesday. The regulations, issued on Saturday by China's State Council, or cabinet, set out rules on the mining, smelting and trading of the materials used to make products ranging from magnets in electric vehicles to consum

Turkey - Factors To Watch on July 3

Turkey - Factors To Watch on July 3 ISTANBUL, July 3 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Wednesday. The lira TRYTOM=D3 was quoted at 32.5500 against the U.S. dollar, after closing at 32.5225 on Tuesday. The main BIST 100 share index .XU100 closed 1% higher at 10,446.24 points on Tuesday. GLOBAL MARKETS Asian stocks rose on Wednesday as comments from Fed Chair Jerome Powell reinforced expectations that U.S.
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African Markets - Factors to watch on July 3

African Markets - Factors to watch on July 3 NAIROBI, July 3 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. - - - - - EVENTS: Release of the Stanbic Bank Kenya Purchasing Managers' Index survey for June. GLOBAL MARKETS Asian stocks rose on Wednesday as comments from Fed Chair Jerome Powell reinforced expectations that U.S.

French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch July 3 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. ENGIE ENGIE.PA Signed five new Corporate Power Purchase Agreements (CPPAs) with Google GOOGL.O in Belgium APERAM APAM.AS Signed an agreement with IperionX IPX.AX for a titanium processing and product manufacturing program TOTALENERGIES TTEF.PA Notified South Africa's petroleum regulator that it in
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Alibaba's Hong Kong shares surge after co bought back $5.8 bln shares in Q2

BUZZ-Alibaba's Hong Kong shares surge after co bought back $5.8 bln shares in Q2 ** Hong Kong shares of Alibaba Group Holding Ltd 9988.HK rise 3.3% to HK$72.75, on course for the biggest one-day pct gain since May 17, if trend holds ** Stock hits the highest since June 26, on track to snap three consecutive sessions of fall ** U.S.-listed stock BABA.N rose 2.1% on Tuesday ** Alibaba says it repurchased a total of 613 mln shares for $5.8 bln in the U.S.
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China's yuan slides to seven-month low on weak economic data

China's yuan slides to seven-month low on weak economic data By Summer Zhen HONG KONG, July 3 (Reuters) - China's yuan skidded to a seven-month low against the dollar on Wednesday on weak economic data and as the central bank nudged the currency's trading range a little bit lower. At 0410 GMT, the yuan CNY=CFXS was down about 0.03% at 7.2733 and had traded as low as 7.2736, the weaker end of its daily trading band.
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Swiss stocks - Factors to watch on July 3

Swiss stocks - Factors to watch on July 3 July 3 - Here are some of the main factors that may affect Swiss stocks on Wednesday: Roche ROG.S Roche has sued Stanford University and medical technology startup Foresight Diagnostics in California federal court, claiming Foresight misused its genetic-sequencing trade secrets to develop competing cancer-detection products COMPANY STATEMENTS Dormakaba DOKA.S - says René Peter appointed CFO ad interim ANALYSTS' VIEWS VAT GROUP AG VACN.S - JEFFERIES RAIS
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Factors to watch - July 3

MIDEAST - Factors to watch - July 3 Here are some factors that may affect Middle East stock markets on Wednesday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-Asia stocks gain on rate cut wagers, yen stays near 38-year lows MKTS/GLOB * Oil rises on US crude inventory draw,

Corn and soybeans edge lower as traders eye US crop conditions

GRAINS-Corn and soybeans edge lower as traders eye US crop conditions Adds analyst quotes, updates prices CANBERRA, July 3 (Reuters) - Chicago corn and soybean futures edged lower on Wednesday and were hovering above multi-year lows as concerns over the condition of U.S. crops were offset by ample supply. Wheat futures rose but were under pressure from a rapidly advancing U.S.

EU takes aim at China's Temu and Shein with proposed import duty, FT reports

UPDATE 1-EU takes aim at China's Temu and Shein with proposed import duty, FT reports Adds details from the report in paragraph 5 and background throughout July 3 (Reuters) - The European Union is drawing up plans to impose customs duties on cheap goods bought from Chinese online retailers including Temu, Shein, and AliExpress, the Financial Times reported on Wednesday, citing three people briefed on the matter.



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