Rupee slips 15 paise to 75.62 against U.S. Dollar in early trade

PHOTOS: Coloradans turn out for a sixth night of George Floyd protests

Thousands of demonstrators, stretching for blocks, took over downtown Denver Tuesday for a sixth night of protests, but while the crowds were at least as big as previous nights, the mood was more relaxed and peaceful and as midnight neared, it was winding down without tear gas or other major conflicts.

At the height of the protest, demonstrators moved through town, from the Colorado Capitol to Civic Center and then toward the 16th Street Mall, chanting, “No justice. No peace,” “Out of your home! Into the streets!” and “Hey hey, ho ho, these racist cops have got to go!”

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Live: Parliament debates $33b Fortitude Budget for Covid-19 measures

Several Cabinet ministers will speak on the proposed supplementary Budget, which Deputy Prime Minister and Finance Minister Heng Swee Keat unveiled on May 26.

Roche’s Test for Severe Covid-19 Gets Emergency FDA Approval

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Roche Holding AG got emergency U.S. Food and Drug Administration approval for a test that can identify Covid-19 patients who are at high risk of needing mechanical ventilation.

Within 18 minutes, the test can identify patients who have been confirmed to carry the virus who may need intubation, Rochesaid Thursday.

“Time is specifically critical,” said Thomas Schinecker, the head of Roche’s diagnostics unit. “The test could help physicians in the quick identification of severe inflammatory response in patients infected with the SARS CoV-2 virus.”

The diagnostic run on Roche’s laboratory analysis systems, which can runs as many as 300 tests an hour.

Roche’s Elecsys IL-6 Test Gets FDA Approval To Use In COVID-19 Treatment

Swiss drug maker Roche (RHHBY) announced Thursday that the U.S. Food and Drug Administration has issued an Emergency Use Authorisation or EUA for the Elecsys IL-6 test to help in identifying patients at high risk of severe inflammatory response.

Roche noted that the test can support physicians, in combination with other examinations and vital signs, to decide early on if a patient with confirmed COVID-19 disease requires mechanical ventilation.

This test measures levels of the biomarker interleukin 6 or IL-6, an early indicator for acute inflammation to aid in the management of critically ill patients.

Hospitals and reference laboratories can run the Elecsys IL-6 test on Roche’s cobas e analysers which are widely available around the world. These fully-automated systems can provide test results in approximately 18 minutes, with a test throughput of up to 300 tests/hour, depending on the analyser.

Thomas Schinecker, CEO Roche Diagnostics, said, “In the current situation, time is specifically critical. The test could help physicians in the quick identification of severe inflammatory response in patients infected with the SARS CoV-2 virus.”

Coty names Simona Cattaneo head of Kylie Cosmetics

Coty has tapped a new head of Kylie Cosmetics in the wake of explosive allegations that the unit’s 22-year-old founder, Kylie Jenner, has been lying about her sales in a desperate attempt to be named a billionaire.

The parent of CoverGirl and OPI brands this week named Coty insider Simona Cattaneo to oversee Kylie Cosmetics’ global expansion – just five months after it named Christoph Honnefelder to the same job.

The beauty company appointed Honnefelder, a former executive with European specialty retailer Douglas, as the head of Kylie Cosmetics in January, but he never officially joined the company before being replaced, Coty told The Post. Honnefelder “announced to the senior team internally a number of weeks ago that he would not be assuming the role of CEO of Kylie Beauty for personal reasons,” Coty said.

It’s Coty’s latest confounding C-Suite announcement since Friday, when its shares plunged on a report claiming that Jenner has been lying to Forbes magazine about the success of her cosmetic company in an effort to boost her Forbes wealth ranking.

On Monday, Coty said its chairman, Peter Harf, would be CEO of the larger company — despite having named former Jimmy Choo executive Pierre Denis to the same role in February. Like Honnefelder, Denis never took the helm before being replaced.

Forbes last year named Jenner the youngest self-made billionaire — but says it has yanked the title amid concerns that she may have provided them with falsified tax records. Jenner has denied lying about her finances.

Rupee slips 15 paise to 75.62 against U.S. Dollar in early trade

The Rupee depreciated 15 paise to 75.62 against the U.S. Dollar in opening trade on Thursday as strengthening U.S. dollar and U.S.-China trade tensions weighed on investor sentiments.

Forex traders said sustained foreign fund flows and the revival of business activities supported the local unit, but concerns about U.S.-China trade tiff dragged the local unit down.

The Rupee opened weak at 75.62 at the interbank forex market, down 15 paise over its last close. It had settled at 75.47 against the U.S. Dollar on Wednesday.

“Strong local shares, supported by foreign fund inflows could keep depreciation limited,” Reliance Securities said in a research note, adding that investors will look ahead to cues from the European Central Bank’s meeting and U.S. jobless claims data.

Investors are also concerned about rising number of coronavirus cases and its impact on the global as well as domestic economy.

On the equities front, the 30-share BSE benchmark Sensex was quoting 15.75 points higher at 34,125.29 and broader Nifty rose 8.60 points to 10,070.15.

Foreign institutional investors were net buyers in the capital market as they bought equity shares worth ₹1,851.12 crore on Wednesday, according to provisional exchange data.

Brent crude futures, the global oil benchmark, fell 1.41% to $39.23 per barrel. The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose by 0.19% to 97.45.