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06/11/2025
The pound/dollar rose 0.4% to an intraday high of 1.3098 dollars.
Latest
2 m ago
According to reports, the U.S. Treasury Department has sanctioned individuals who "exploited loopholes in currency exchange facilities in Lebanon to facilitate Iran's transfer of tens of millions of dollars to Hezbollah by 2025."
3 m ago
In early trading on Thursday, shares of U.S. cosmetics producer e.l.f. Beauty plummeted by 33%, after the company reported that its performance guidance for the fiscal year 2026 did not meet expectations and profits were impacted by new U.S. tariffs, despite second-quarter earnings per share exceeding expectations and growth from the Rhode brand contributing.
4 m ago
An American judge dismissed the criminal case against Boeing company over two 737 Max airplane crashes.
6 m ago
In the early trading on Thursday, Pfizer rose 0.5% while Novo Nordisk fell 3%. It was reported that after Novo Nordisk raised its offer to acquire the obesity biotech company Metsera to $10 billion, Pfizer also made a matching offer, raising the valuation to $10 billion, escalating the acquisition competition in the GLP-1 drug field. Metsera, the target of the acquisition, surged 10.5% in early trading on Thursday.
9 m ago
Goldman Sachs predicts that the Bank of England will cut interest rates by 25 basis points in December 2025, despite their previous forecast that there would be no rate cut in December.
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