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China's Fosun Pharma to buy smaller stake in Indian pharma firm
BEIJING (Reuters) - Shanghai Fosun Pharmaceutical Group has agreed to cut the size of the stake it will buy in India's Gland Pharma to 74 percent, the Chinese drugmaker said on Sunday.
Posted on : 2017-09-17 17:05:02
Protesters set to rally against Australia's biggest coal project
SYDNEY (Reuters) - Environmental activists are due to start a week of protests on Sunday against a major coal mining project they say will damage Australia's Great Barrier Reef and contribute to global warming.
Posted on : 2017-09-17 12:11:46
AT&T weighs divestiture of Latin American TV assets - sources
(Reuters) - AT&T is evaluating a sale of its pay TV operations in Latin America as it seeks to pay down debt following its planned $85.4 billion acquisition of Time Warner Inc, people familiar with the matter said on Friday.
Posted on : 2017-09-16 23:10:57
Exclusive: FDA plans new compounding pharmacy policy, agency head says
BOSTON (Reuters) - The head of the U.S. Food and Drug Administration said on Friday the agency is working on a new policy that would encourage more compounding pharmacies to register under a law enacted in the wake of a deadly 2012 meningitis outbreak linked to one such company.
Posted on : 2017-09-16 23:09:08
Dubai awards $3.9 billion solar energy contract to Shanghai Electric, ACWA Power
DUBAI (Reuters) - Dubai's state energy utility awarded a $3.9 billion contract to build and run a 700 megawatt solar power plant to a consortium comprising Shanghai Electric and Saudi Arabia's ACWA Power, the government said on Saturday.
Posted on : 2017-09-16 21:10:42
JSW Steel aims to increase own iron ore production
MUMBAI (Reuters) - JSW Steel Ltd, India's biggest local steelmaker, aims to be producing 80 percent of the iron ore needed for its flagship plant in south India in three years time as it seeks to cut costs, a senior executive said.
Posted on : 2017-09-16 16:07:15
KPMG's South Africa bosses purged over Gupta scandal
JOHANNESBURG (Reuters) - Global auditor KPMG cleared out its South African leadership en masse on Friday after damning findings from an internal investigation into work done for businessmen friends of President Jacob Zuma.
Posted on : 2017-09-16 04:40:51
GM's Cruise aims to open self-driving tests to public; timing unclear
SAN FRANCISCO (Reuters) - General Motors Co's self-driving unit, Cruise Automation, is working to open an internal ride-hailing service to people outside the company, aiming to join a small group of autonomous vehicle developers testing their technology with the public.
Posted on : 2017-09-16 04:36:42
Wall Street hits record highs, S&P 500 pierces 2,500
(Reuters) - Wall Street reached record highs on Friday, with the S&P 500 surpassing 2,500 points as telecommunications shares rose and technology bounced back after two days of declines.
Posted on : 2017-09-16 03:20:06
Exclusive: Canada sought to resolve Boeing military, trade disputes at meeting - sources
OTTAWA/MONTREAL (Reuters) - Canada last month attempted to end a deepening dispute with Boeing Co by suggesting it could withdraw a threat not to buy Super Hornet jets if the U.S. firm dropped a trade challenge against Canadian planemaker Bombardier Inc , three people with knowledge of the matter told Reuters.
Posted on : 2017-09-16 02:48:26
France and Italy open to German ECB chief, but not Weidmann: Spiegel
FRANKFURT (Reuters) - France and Italy have signalled to Germany that they are open to a German becoming president of the European Central Bank but not if it is Bundesbank chief Jens Weidmann, Der Spiegel reported on Friday.
Posted on : 2017-09-16 00:51:24
Wall Street hits record high, S&P 500 teases 2,500-mark
(Reuters) - Wall Street touched intra-day record highs on Friday, with the S&P 500 approaching the 2,500 mark as technology stocks bounced back after two days of declines.
Posted on : 2017-09-16 00:01:53
SoFi CEO Cagney to step down immediately
REUTERS - Online lender Social Finance, which is currently investigating claims of sexual harassment by employees, said on Friday its chief executive, Mike Cagney resigned, effectively immediately.
Posted on : 2017-09-15 23:28:50
Global stocks set new highs, dollar weakens on data
NEW YORK (Reuters) - A gauge of global equities rose and shares on Wall Street set new highs on Friday as investors shrugged off the latest missile test by North Korea, while the dollar eased on unexpected weak economic data that dimmed expectations for a U.S. rate hike.
Posted on : 2017-09-15 22:21:41
India lifts ban on export of few varieties of pulses - govt statement
MUMBAI (Reuters) - India, the world's biggest producer of pulses, has allowed exports of a few varieties of pulses, a government statement said on Friday.
Posted on : 2017-09-15 20:27:43
Small creditors use India's new bankruptcy rules to put the squeeze on big players
MUMBAI (Reuters) - In late June, one of India's top wind power equipment makers, Inox Wind Ltd, was dragged into insolvency courts by a logistics handler over unpaid dues of $88,000. Two weeks on, the matter was settled, with dues paid off.
Posted on : 2017-09-15 20:09:16
Labour leaders warn of breakup of Thyssenkrupp - leaflet
DUESSELDORF (Reuters) - Labour representatives warned of the dangers of a break-up of Thyssenkrupp, one of the alternatives to a merger of the German group's European steel operations with those of Tata Steel.
Posted on : 2017-09-15 19:34:42
June quarter current account deficit widens to four-year high as imports surge
MUMBAI (Reuters) - India's April-June current account deficit widened to its highest in four years as imports surged, but strong capital inflows comfortably financed the gap, data from the Reserve Bank of India showed on Friday.
Posted on : 2017-09-15 19:18:11
US Senator Warren introduces Equifax bill; launches industry probe
WASHINGTON (Reuters) - U.S. Senator Elizabeth Warren said on Friday she has begun an investigation into Equifax's massive data breach and, along with 11 other Democratic senators, will introduce a bill to give consumers the ability to freeze their credit for free.
Posted on : 2017-09-15 18:58:26
U.S. retail sales post biggest drop in six months
WASHINGTON (Reuters) - U.S. retail sales unexpectedly fell in August, likely hurt by the impact of Hurricane Harvey on motor vehicle purchases, suggesting a moderation in consumer spending in the third quarter.
Posted on : 2017-09-15 18:55:13
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