SAO PAULO: Brazil's Hypera Pharma said on Monday (Mar 2) that it has signed a contract to buy a portfolio of 18 products from Japan's Takeda Pharmaceutical Co for US$825 million. Shares in Hypera soared on the news, and were up 14.1 per cent, at 39.13 reais, in afternoon...
U.S. factory manufacturing activity slowed in February as new orders contracted, reflecting worries about supply chain disruptions related to the fast-spreading coronavirus outbreak, which has revived financial market fears of a recession.
REUTERS: Chevron Corp is offering buyouts to reduce its U.S. oil exploration and production workforce, three sources told Reuters, as the oil major moves to cut costs in the face of sharply lower oil and gas prices. The No. 2 US oil producer decided to reduce staff after reviewing operations...
REUTERS: Online pharmacy Valisure said on Monday (Mar 2) its tests showed high levels of a probable cancer-causing impurity in diabetes drug metformin. High levels of N-nitrosodimethylamine (NDMA) were found in metformin made by 11 companies, including Amneal Pharmaceuticals Inc and Aurobindo ...
TOKYO: Honda Motor Co Ltd will temporarily cut back production in Japan due to difficulty in sourcing parts from China amid the coronavirus outbreak, Nikkei Asian Review reported on Monday (Mar 2), citing sources at auto parts suppliers and dealers. The cutbacks, which will last for a few days...
WASHINGTON: The International Monetary Fund and the World Bank said on Monday (Mar 2) they stood ready to help member countries address the human and economic challenges of the fast-spreading coronavirus outbreak, including through emergency funding. In a joint statement, the two institutions said ...
Italy's Banco BPM is rushing to set up new "disaster recovery rooms" after an area close to one of its existing crisis facilities emerged as the epicenter of the coronavirus outbreak, three sources familiar with the matter said.
UBS Group Chief Executive Sergio Ermotti is poised to become chairman of Swiss Re next year after leaving the helm of Switzerland's biggest bank, three people familiar with the matter told Reuters.
Ryanair will cut capacity in and out of Italy, its largest market, by 25per cent for three weeks due to a significant drop off in bookings since a coronavirus outbreak, Europe's biggest low-cost airline said on Monday.
GENEVA: The head of the World Trade Organization said on Monday (Mar 2) that he expected the coronavirus epidemic to have a "substantial" impact on the global economy, but that plans for a June ministerial meeting were going ahead, a Geneva trade official said. "The effects on the global...
