Author: News Room

FRANKFURT (Reuters) – European Central Bank policymakers have started contemplating interest rate cuts and most of the public commentary points to an initial move in June, to be followed by further steps later this year. The following is a compilation of key policymaker quotes on the timing of the ECB’s next rate change. Luis de Guindos, ECB Vice President, March 19 “We haven’t yet discussed anything about future rate moves. We need to gather more information. In June we will also have our new projections and we will be ready to discuss this.” Klaas Knot, Dutch central bank Governor, March…

BOTHELL, Wash. – Cocrystal Pharma, Inc. (NASDAQ:COCP) has received feedback from the U.S. Food and Drug Administration (FDA) regarding its investigational antiviral candidate, CC-42344, for the treatment of influenza A. The feedback, part of a Pre-Investigational New Drug (Pre-IND) review, is a critical step in the development process, providing the company with guidance on clinical trial design, drug manufacturing, and necessary studies ahead of the planned Phase 2b trial. Dr. Sam Lee, President and co-CEO of Cocrystal, expressed the company’s appreciation for the FDA’s guidance, emphasizing its importance in clarifying regulatory requirements for the upcoming trial. This interaction with the…

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As the Federal Reserve starts its March policy-making meeting on Tuesday, interest rates remain at a 23-year high, yet unemployment is low, stocks have reached repeated record highs and there’s no recession in sight. Economists are baffled. Whenever the Federal Reserve lifts rates to battle high inflation, the risk of a recession increases, and the US economy has typically fallen into an economic downturn under the weight of rising borrowing costs. But that has yet to happen this time around. America’s economy remains remarkably solid, despite the high interest rates. Economists say that’s partly due to the ultra-low mortgage rates…

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Gold prices rose in India on Tuesday, according to data from India’s Multi Commodity Exchange (MCX). Gold price stood at 65,278 Indian Rupees (INR) per 10 grams, up INR 249 compared with the INR 65,029 it cost on Monday. As for futures contracts, Gold prices decreased to INR 65,450 per 10 gms from INR 65,608 per 10 gms. Prices for Silver futures contracts decreased to INR 75,124 per kg from INR 75,496 per kg. Major Indian city Gold Price Ahmedabad 67,560 Mumbai 67,405 New Delhi 67,460 Chennai 67,510 Kolkata 67,550   Global Market Movers: Comex Gold price bears the brunt of…

The Arbitrum (ARB) price has been in a downturn, with the price oscillating between an intra-day low and high of $1.47 and $1.74, respectively, in the last 24 hours. This bearish trend marks a 9% correction in the last day and 24% over the previous seven days, with the current trading price standing at $1.50. This price shift comes in the wake of a major event for Ethereum’s Layer-2 scaling solution, which executed a token unlock on March 16. Despite this, the market capitalization of Arbitrum has hit a new all-time high (ATH). ARB/USD 24-hour price chart (source: CoinStats) Arbitrum’s…

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LONDON — The boss of digital asset management firm Grayscale, which manages the $26 billion exchange-traded fund GBTC, has said that fees on its flagship product will come down over time, after its outflows reached $12 billion.Grayscale CEO Michael Sonnenshein said that the crypto fund manager expects to bring fees on its Grayscale Bitcoin Trust ETF down in the coming months, as the nascent crypto ETF market matures.”I’ll happily confirm that, over time, as this market matures, the fees on GBTC will come down,” Sonnenshein told CNBC in an interview on Monday. The firm previously defended its costlier-than-market-average charges.”We have seen this…

US Defense Secretary Lloyd Austin emphasized Tuesday that the US “will not let Ukraine fail,” as Congress continues to delay critical funding for Ukraine aid. Speaking in Germany at the 20th meeting of the Ukraine Defense Contact Group at Ramstein Air Base, Germany, Austin said Ukraine’s military continues “to degrade the Kremlin’s capabilities.” “Ukraine won’t back down, and neither will the United States,” said Austin, while seated next to Ukrainian Defense Minister Rustem Umerov. “So, our message today is clear: The United States will not let Ukraine fail. This coalition will not let Ukraine fail. And the free world will not…