BofA has added a number of biotechnology stocks — a sector that is hot on Wall Street right now – to its list of top picks for the first quarter. The bank identified the biotech stocks, as well as some medical technology companies, as part of its thematic investing picks, on themes it says are related to a “transforming world.” BofA listed the stocks under themes such as ageing, obesity and pandemic. Under the pandemic theme, the bank referred to “disease X” — a term that has surfaced...

New Delhi, India The rupee's plunge into record-low territory this year is unlikely to slow — even if India's central bank hikes its rate this week, according to experts carefully watching the Reserve Bank of India. Analysts largely expect India, Asia's third-largest economy, to raise its benchmark rate by 25 basis points at its meeting this week, with more increases to come this and next year. But while an interest rate hike would normally be expected to support a currency, the rupee "is in...

FANG stocks (Facebook, Amazon, Netflix and Google) apps on a smartphone. Investors may be tempted to steer clear of tech stocks after recent steep losses, but that weakness hasn't shaken Deutsche Bank's confidence in the sector. On July 26, the tech-heavy Nasdaq Composite dropped more than 1 percent as Facebook posted its worst day ever. One day later, the index dropped 1.46 percent, with shares of Intel and Twitter leading declines. "Following recent weakness in social media and other tech...