News Local and Global in your language
24th of September 2018
Economy
Takeda gets China's approval for $62 billion Shire purchase(Reuters) - Takeda Pharmaceutical Co Ltd said on Friday China approved its purchase of Shire Plc, the latest regulator to clear the $62 billion deal and bring the Japanese group closer to becoming a global top 10 drugmaker. Takeda Pharmaceutical Co's logo is seen at its new headquarters in Tokyo, Japan, July 2, 2018. REUTERS/Kim Kyung-Hoon The acquisition, which will be the largest overseas purchase by a Japanese company, has already received unconditional clearance from U.S. and Brazilian regulators and awaits approval from Japan and the European Union. Takeda expects the deal to close in the first half of 2019. Its shares ended 0.7 percent higher ahead of the announcement. The benchmark Nikkei 225 index closed up 1.2 percent. Takeda’s stock is down 15 percent since the company first said it was considering a bid for Shire, with investors concerned about the heavy debt burden the deal will impose on the drugmaker. Reporting by Shashwat Awasthi in Bengaluru and Sam Nussey in Tokyo; Editing by Sai Sachin Ravikumar Our Standards:The Thomson Reuters Trust Principles.Read More |
|
Leave A Comment |
|
More News
Reuters: Business News
-
Comcast demonstrates Sky-high ambition in global media shake-up2018-09-23 13:16:12
U.S. cable giant Comcast scored a big win in the scramble for media assets by beating Rupert Murdoch, and his backer Disney, in the battle for Sky wit -
Low interest rates spawn rise in number of zombie firms: BIS2018-09-23 12:16:33
Decades of falling interest rates have led to a sharp increase in the number of "zombie" firms, a report for the Bank for International Settlements -
Siemens CEO pushes plans to boost Iraqi power infrastructure2018-09-23 11:49:09
Siemens said its boss Joe Kaeser met Iraq's prime minister on Sunday to discuss a proposal by the German company to expand the Middle East nation's -
Volkswagen's Porsche drops diesel in electric car push2018-09-23 09:38:32
Volkswagen's Porsche will stop offering diesel versions of its cars, the unit said on Sunday, sharpening its focus on hybrid and battery-powered veh -
Fed's Powell between a rock and hard place: Ignore the yield curve or tight job market?2018-09-23 09:17:13
Unemployment near a 20-year low screams at the U.S. Federal Reserve to raise interest rates or risk a too-hot economy. The bond market, not far from a -
In Nigeria, Shell’s onshore roots still run deep2018-09-23 05:04:39
Royal Dutch Shell wants to reweight its footprint in Nigeria to focus on oil and gas fields far offshore, away from the theft, spills, corruption and -
Timeline: Shell's operations in Nigeria2018-09-23 05:04:39
Royal Dutch Shell pioneered Nigeria's oil and gas industry and remains a major investor in the West African country. But over the decades it has come -
Asian firms shuffle production around the region as China tariffs hit2018-09-23 02:10:06
A growing number of Asian manufacturers of products ranging from memory chips to machines tools are moving to shift production from China to other fa -
AstraZeneca CEO warns of medicine shortages after Brexit: Sunday Times2018-09-23 01:24:22
Britain could see widespread medicine shortages if there is no deal to prevent friction at the border with the European Union after Brexit, the AstraZ -
Comcast outbids Fox with $40 billion winning offer for Sky2018-09-23 00:53:52
Comcast beat Rupert Murdoch's Twenty-First Century Fox in the battle for Sky on Saturday after offering 30.6 billion pounds ($40 billion) in a dra -
Fox plans to concede defeat in Sky battle, review stake: source2018-09-22 15:21:53
Rupert Murdoch's Twenty-First Century Fox expects Sky's independent directors to recommend Comcast's $39 billion bid, after which Fox will conce -
U.S. airlines score win as Congress drops 'reasonable fee' rules2018-09-22 10:35:04
The U.S. airline industry scored a win on Saturday as bipartisan congressional legislation dropped plans to mandate "reasonable and proportional" ba
Business News - UPI.com
-
Sikorsky contracted for CH-53K King Stallion spares2018-09-21 13:27:34
Sikorsky Aircraft has received a $58.4 million order for the procurement of 866 spare parts for the repair and maintenance of CH-53K Lot 2 production -
L-3 EOtech receives contract for small arms holographic sights2018-09-21 12:45:40
L-3 Communications EOTech has received a $23.6 million contract for Miniature Aiming System Day Optics close quarter combat sights and clip-on magnif -
Saudis face delicate balancing act at OPEC meeting2018-09-21 12:41:50
Saudi Arabian leaders find themselves in a tough spot going into meetings with OPEC, Russia and other top oil producers in Algiers this weekend. -
Raytheon, Lockheed contracted for Javelin missiles for six countries2018-09-21 11:37:27
Raytheon/Lockheed Martin Javelin JV has received a $27.6 million contract for the Javelin weapons system for Australia, Estonia, Lithuania, Turkey, T -
Colt contracted for M4, M4A1 rifles for foreign military sales2018-09-21 10:16:51
Colt's Manufacturing Co. has received a $57.7 million contract for 10,000 M4 and M4A1 5.56mm carbine rifles for Afghanistan, Pakistan, Jordan, Moroc -
Navy to christen USS Kansas City on Saturday2018-09-21 09:24:54
The Navy will christen its newest Independence-class littoral combat ship USS Kansas City, on Saturday morning in Mobile, Ala. -
BAE to provide data analysis, support for Janus programs2018-09-20 13:44:53
The National Geospatial-Intelligence Agency has issued contracts worth up to $1.52 billion to BAE Systems for information services and to improve rea -
Northrop Grumman tapped for conversion of anti-radiation missiles2018-09-20 13:00:23
Northrop Grumman Innovation Systems has received a $22 million contract modification for Lot 7 Advanced Anti-Radiation Guided Missile production. -
Trump blasts OPEC ahead of World Oil Outlook summit2018-09-20 12:39:02
Crude oil prices moved in opposite directions Thursday morning as Brent was trending down and WTI trending up, both for different reasons. -
Lockheed Martin receives contract modification for sub imaging system2018-09-20 11:26:59
Lockheed Martin Rotary and Mission Systems received a $132.3 million contract modification for engineering work on an integrated submarine imaging sy -
Raytheon contracted for F/A-18 Hornet radars2018-09-20 10:57:58
Raytheon has received a $35.5 million order for spare parts in support of the APG-79 Radar System. The contract will last for three years with no opt -
First satellite for GPS III upgrades to launch in December2018-09-20 08:38:07
Lockheed Martin and the U.S. Air Force are preparing to launch the first of their constellation of advanced GPS III satellites in December.
Home Page
-
France fears Hollande's remarks on Rafale deal may hurt ties with India2018-09-23 10:40:00
Hollande's announcement that Dassault 'did not have a say in it' added fuel to claims from India's opposition that the government had intervened t -
RBI, Sebi monitoring financial markets' developments, ready to take action2018-09-23 09:15:00
Overseas investors have pulled out a massive Rs 153.65 billion ($2.1 billion) from the capital markets -
Drama on the high seas: Saving Indian Navy Commander Abhilash Tomy2018-09-23 09:11:00
The Golden Globe Race started from Les Sables-d'Olonne, France on July 1 -
After its shares tumble, DHFL plans reducing exposure to commercial paper2018-09-23 08:20:00
The company said it will raise resources and focus on borrowings from banks and international markets and through direct assignment -
To boost ease of doing biz, govt mulls ordinance to settle disputes faster2018-09-23 07:15:00
The government plans to bring the ordinance based on a bill cleared by Lok Sabha during the monsoon session -
No concern on liquidity of NBFCs, says SBI chairman Rajnish Kumar2018-09-23 07:05:00
Experts attributed the fall in NBFCs' scrips to tightness in money market and a lack of clarity on IL&FS exposure -
Mandatory data localisation for e-commerce players may impact biz: Experts2018-09-23 07:05:00
But some experts stated that the government should not allow firms to store data outside country -
OPEC, Russia rebuff Trump's call for increase in oil output to cool market2018-09-23 06:46:00
Benchmark Brent oil reached $80 a barrel this month, prompting Trump to reiterate on Thursday his demand that the Organization of the Petroleum Export -
WhatsApp meets key govt demand, appoints grievance officer for India2018-09-23 05:00:00
An update mentions that users can seek help through the mobile app, send an email or write in to 'Komal Lahiri', who is based out of the US -
Asia Cup 2018 Ind vs Pak LIVE score: Rohit hits 37th ODI fifty; India 171/02018-09-23 04:30:00
Pakistan produced an improved batting performance, led by India's nemesis Shoaib Malik, scoring 237 for 7 in a 'Super Four' encounter of Asia Cup 2 -
How an Emirates-Etihad combine could transform the global airline industry2018-09-23 04:29:00
Executives at the two companies have been quietly laying plans to create what would be the world's biggest airline by passenger traffic -
Promising healthcare for everyone, PM Modi launches Ayushman Bharat2018-09-23 04:14:00
The government is working in a holistic way to improve the country's health sector, said PM Modi
Disclaimer and Notice:WorldProNews.com is not the owner of these news or any information published on this site.
