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19th of November 2018
Economy
Takeda gets China's approval for $62 billion Shire purchaseTakeda Pharmaceutical Co's logo is seen at its new headquarters in Tokyo, Japan, July 2, 2018. REUTERS/Kim Kyung-Hoon (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. 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 |
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Reuters: Business News
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S&P 500 wavers after Trump trade comments, Nvidia hits Nasdaq2018-11-16 13:50:07
The S&P 500 swung between gains and losses on Friday following conflicting reports on a U.S. trade deal with China, while weakness in chipmaker Nv -
PG&E shares, debt rebound as regulator soothes bankruptcy fear2018-11-16 13:46:03
Shares of embattled utility PG&E Corp surged 37 percent on Friday as fears it could be bankrupted by potential liability from California's deadl -
Oil edges up in volatile session but headed for weekly loss2018-11-16 13:44:04
Oil traded up slightly in a volatile session on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agr -
Dollar, U.S. yields slide on Fed official's rate comments2018-11-16 13:43:20
The U.S. dollar weakened and Treasury yields pulled back on Friday after a top Federal Reserve official said U.S. interest rates were near a neutral r -
Trump says China wants trade deal, U.S. may not impose more tariffs2018-11-16 13:30:36
U.S. President Donald Trump said on Friday that China had sent a list of things it was willing to do to resolve trade tensions with the United States -
Viacom sets Netflix deal that augurs future strategy2018-11-16 13:08:04
Viacom Inc on Friday announced a multi-picture deal with Netflix , and promised to make more films and TV shows for other companies, further signalin -
Oracle veteran Thomas Kurian to replace Diane Greene as Google Cloud CEO2018-11-16 13:02:09
Former Oracle Corp product chief Thomas Kurian is replacing Diane Greene as chief executive of Alphabet Inc's Google Cloud, according to a blog post -
Investors eye holiday sales for market salve2018-11-16 12:53:43
Investors will get a glimpse of consumer health next week as the holiday shopping season gets under way with Black Friday sales, and a solid start cou -
U.S. manufacturing production increases; headwinds growing2018-11-16 12:40:50
U.S. manufacturing output rose for a fifth straight month in October, shrugging off a sharp drop in motor vehicle production and suggesting underlying -
VW embarks on $50 billion electrification plan2018-11-16 12:39:02
Volkswagen expects to become the most profitable manufacturer of electric cars thanks to a multi-billion euro expansion plan to mass produce battery -
Airbus, Dassault finalizing bid for early work on new fighter jet2018-11-16 12:15:23
Airbus and France's Dassault Aviation will shortly submit an unsolicited proposal for initial conceptual work on a next-generation fighter jet to G -
PG&E options traders bet stock not out of the woods yet2018-11-16 12:02:42
The wild swings in the shares of PG&E Corp over the past week have drawn a rush of trading in the electricity provider's options contracts and t
BBC News - Business
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HSBC, Credit Suisse and Standard Chartered pull out of Saudi event2018-10-16 19:40:53
The withdrawals follow tensions between the US and Saudi Arabia over Jamal Khashoggi's disappearance. -
Why dumping rubbish is a waste of money2018-10-16 19:09:48
Dumping rubbish is a waste of valuable resources, says Arthur Huang - and his company is showing why. -
‘School for politicians’ gets a taste of power2018-10-16 19:08:42
Tired of corruption, business people in Brazil come together to forge a new generation of lawmakers. -
Should universities consider ethnicity in admissions?2018-10-16 19:07:22
Harvard has been accused of racial bias in picking students. Should universities really consider ethnic backgrounds? -
Spotify ad banned for causing 'distress' to children2018-10-16 19:04:35
The advert mimicked a horror movie and was likely to scare youngsters, the ad authority says. -
The loss of the great romantics2018-10-16 19:00:15
The majority of those tricked out of money after meeting people on dating sites lost more than £2,000. -
Love Island breast enlargement ad banned2018-10-16 19:00:10
A TV ad showing young women with breast implants feeling "amazing" is banned by advertising watchdog. -
How California is changing the US2018-10-16 18:25:08
In privacy law, marijuana and minimum wage, California is shaping national debate. -
Netflix adds more subscribers than thought2018-10-16 17:53:35
The firm added nearly seven million subscribers in the quarter against a forecast of five million. -
Trump calls Federal Reserve 'my biggest threat'2018-10-16 17:26:24
The US president has escalated his war of words against America's central bank. -
Walmart rises despite lower profit forecast2018-10-16 15:33:48
The US retailer is battling to retain its place as world's largest retailer. -
Unilad web publisher bought by LADbible2018-10-16 13:07:33
The move safeguards more than 200 jobs at the viral publisher, which collapsed with debts of £6.5m.
Business News - UPI.com
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Most of Minnesota's energy could come from wind, solar by 20502018-11-16 16:15:10
A new study out of Minnesota found that 70 percent of the state's electricity could come from wind and solar energy by 2050 -- and it would cost abo -
Navy accepts delivery of USNS Burlington Expeditionary Fast Transport2018-11-16 14:58:11
The U.S. Navy accepted its tenth Spearhead-class Expeditionary Fast Transport from Austal USA on Nov. 15th, according to Navy press release -
Rockwell Collins airborne radio certified by NSA2018-11-16 13:30:27
The National Security Agency has certified Rockwell Collins AN/ARC-210 RT-2036(C) airborne radio for transmitting classified information up to Top Se -
Air Force F-35As test GBU-49 Paveway II bombs in exercise2018-11-16 13:26:45
The U.S. Air Force 388th Fighter Wing's 34th Fighter Squadron tested the GBU-49 Enhanced Paveway II 500 pound guided bomb on a F-35A Lightning II in -
Air Force contracts Lockheed for production of Long Range Anti-Ship Missiles2018-11-16 12:55:21
The Air Force has issued a $172 million contract for Lot 2 production of Long Range Anti-Ship Missiles from Lockheed Martin. -
Rolls-Royce to supply engines for new LCAC 100 assault hovercraft2018-11-16 11:54:37
The U.S Navy is awarding Rolls-Royce $40.9 million for procurement of 20 MT7 marine turbine engines for five Landing Craft, Air Cushion 100 hovercraf -
Crude oil prices see vigorous recovery after recent lows despite build-up2018-11-16 11:28:05
Crude oil prices were seeing a robust recovery Friday morning, as the market appeared to shrug off reports of a U.S. inventory build-up and instead s -
Total agrees to large increase in LNG export capacity from Papua New Guinea2018-11-16 11:07:59
France-based oil and gas major Total said Friday it has signed an accord with Papua New Guinea to potentially increase the country's LNG export capa -
Lockheed Martin contracted for F-35 flight testing and nuclear capability2018-11-16 09:26:19
The Department of Defense is awarding Lockheed Martin $349 million to provide support for the F-35 Lightning II Joint Strike Fighter. -
Pentagon spends $560M to fix failures found by 'largest audit in history'2018-11-16 09:23:32
In what it calls the largest audit in history, the Defense Department on Friday outlined deficiencies within the Pentagon that will cost roughly $60 -
Pentagon: Africa command to pursue drawdown, realignment2018-11-15 16:39:18
The Department of Defense on Thursday announced the withdrawal and realignment of some U.S. Africa Command Counter Violent Extremist Organization sol -
Department of Defense reports mixed results for 2018 recruiting2018-11-15 15:56:24
While the Navy, Air Force and Marines met recruiting goals in 2018, the Department of Defense reports the Army has significant shortfalls in its acti
Christian Science Monitor |
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NAFTA 2.0: what the Trump-brokered deal may mean2018-11-06 00:07:07
More steps remain before the United States-Mexico-Canada Agreement takes effect. And in the post-deal landscape, separate trade tensions between the U -
In election run up, voters eye health care as top concern2018-11-06 00:07:07
Democrats have turned health care into their top theme, attacking Republican positions on Americans with preexisting conditions. The partisan bac -
Revenge of the Robots2018-11-06 00:07:07
Who, or what, is stealing American jobs? Contrary to popular belief, it’s not immigrants. In fact, robots are projected to steal even more jobs -
Trailer parks face rising rents. This one's residents found a way out.2018-11-06 00:07:07
“Manufactured homes” are inexpensive, but increasingly the land where they sit is subject to big rent hikes. The residents of one New Engl -
An oil threat, but Saudi Arabia less fearsome than it used to be2018-11-06 00:07:07
Amid furor over the disappearance and alleged murder of journalist Jamal Khashoggi, Saudi Arabia gave a verbal reminder of its power over oil markets. -
For many African-Americans, buying a home does not build wealth2018-11-06 00:07:07
Many believe that buying a home is a step toward wealth creation, but this is not always so for many African-Americans. Statistics show that in nearly -
As affordable housing crisis deepens, states begin to take action2018-11-06 00:07:07
In 2017, nearly half of all renters across the country were rent-burdened, according to the Harvard Joint Center for Housing Studies. In response, sta -
Labor-union militancy revives, from hotels to schools and steel mills2018-11-06 00:07:07
A strong US economy hasn't resulted in rapid wage growth. Now the labor movement is regaining momentum through bargaining and nontraditional tactics, -
How rising interest rates are shaking up the economy2018-11-06 00:07:07
In late September, the Federal Reserve announced another increase in its benchmark interest rate, marking the the third time it has done so in 2018. T -
Faces of a new capitalism: How Millennials are embracing socialist values2018-11-06 00:07:07
Many Millennials are rebelling at an economic system that they believe puts profits over fairness and equality. Is capitalism too harsh? -
NBA channels efforts to hire more women into high power positions2018-11-06 00:07:07
Though the NBA receives high marks for its racial hiring practices, it does significantly worse when it comes to hiring women. But that may change as -
Concerned about Trump-family tax gaming? His law may prompt others to dodge.2018-11-06 00:07:07
Concerns have flared about Trump-family gaming of the US tax system. It’s an issue that goes way beyond the president, but experts say his tax-c
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Seven of top 10 firms add Rs 708 bn in m-cap; RIL tops chart, overtakes TCS2018-11-18 04:01:00
Over the last week, the BSE Sensex gained 0.85 per cent to end at 35,457.16 -
Asia-Pacific leaders fail to agree on APEC communique amid US-China rift2018-11-18 03:35:00
US Vice-President Mike Pence traded sharp barbs with Chinese leader Xi Jinping in back-to-back speeches at the APEC summit on Saturday -
Grenade attack on Nirankari religious congregation in Amritsar kills 32018-11-18 03:00:00
Punjab was on alert following an input claiming that a group of six to seven JeM terrorists were reportedly in the state -
Brexit killing great British curry house as falling immigration cuts staff2018-11-18 02:51:00
A weak pound drives up costs -
PM Modi to chair meet with top industrialists on 'Ease of Doing Business'2018-11-18 01:10:00
India's rank rose 23 places to the 77th spot in the 'Doing Business' rankings released on October 31 -
JSW Steel to invest over Rs 50 bn for boosting downstream manufacturing2018-11-18 01:05:00
The company expects special steel products to contribute 40 per cent of its future volumes while customisation products will add the rest 60% -
Over 358 infra projects show cost overruns of over Rs 3.37 trn on delays2018-11-18 00:55:00
The report stated that the average time overrun in these 296 delayed projects is 48.39 months -
BSE to cut ties with S&P Dow Jones; develop own in-house indices2018-11-18 00:55:00
The deal with BSE came after the expiry of the licensing arrangement between India Index Services & Products (IISL), a joint venture of NSE and S& -
Govt should stick to fiscal deficit target for 2018-19: Arvind Panagariya2018-11-18 00:50:00
The government aims to strictly maintain 3.3 per cent fiscal deficit target for 2018-19 fiscal -
PSBs' losses up 3.5 times to Rs 147 bn in Q2 on bad loans; PNB hit hardest2018-11-18 00:05:00
These 21 public sector banks had posted a net loss of Rs 42.84 billion in the September quarter of 2017-18 -
FPIs invest over $1 bn in Nov so far on easing oil prices, rupee recovery2018-11-18 00:05:00
FPIs infused Rs 38.62 billion in the equity markets during November 1-16, and Rs 44.23 billion in the debt market, taking the total to Rs 82.85 billio -
RBI vs Govt: Will the Centre have its way by invoking an 83-year-old rule?2018-11-17 23:42:00
The government can still have its way with the RBI by invoking a rule that hasn't been used in the central bank's 83-year history
Business
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Biosimilar drugs promise to slash health-care costs in rich countries2018-11-09 19:00:00
The world's top-selling drug now faces biosimilars that are 80% cheaper -
India’s banking system is flirting with a Lehman moment2018-11-07 19:00:00
The collapse of a shadow bank has sparked fear and financial contagion -
Amazon’s “second headquarters” may be no such thing2018-11-07 19:00:00
Instead of one additional base outside Seattle, it is eyeing two -
European companies will struggle to defy America on Iran2018-11-07 19:00:00
Firms face both US sanctions on Iran and European instructions to flout them -
Billboards are an old but booming ad medium2018-11-07 19:00:00
Innovations developed by online advertisers are working for billboards -
The growth of microbrands threatens consumer-goods giants2018-11-07 19:00:00
Often the giants’ best and only response is to acquire them -
China’s internet titan has had a bruising 20182018-11-07 19:00:00
Its boss, Pony Ma, has shaken things up in time for its 20th anniversary -
HBO will lead AT&T’s challenge to Netflix2018-11-03 00:00:00
Time Warner’s crown jewel must scale up while maintaining quality -
Guinea’s bauxite boom is helping China but failing locals2018-11-02 20:00:00
China has promised the west African state a loan double the size of its GDP -
An American ban defangs a nascent Chinese chip champion2018-11-02 20:00:00
Fujian Jinhua could have become too vital in America’s military supply-chain -
Mumbai unions force Uber and Ola into a corner2018-11-01 12:40:22
Strikes work when backed by violence -
Big Tech’s sell-off2018-11-01 12:40:21
The shares of the world's tech giants have sunk. Wobble or wipeout?
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