Reuters Company News

German chemicals association VCI on Wednesday said it expected production and revenues in the chemical and pharmaceutical sectors to drop this year, citing declining orders and supply chains disrupted by the coronavirus pandemic.

* Roche trumpets refillable port for customised Lucentis (Adds analyst comment)

* Companies and governments worldwide stockpiling drug ingredients

* Hopes of economic re-opening support developed market shares

Copper prices flitted in a tight range on Wednesday as initial euphoria over economies reopening from the lockdown was dampened by mounting fears that the Sino-U.S. friction could further hobble global business activity.

Shares in bourse operator Singapore Exchange Ltd suffered their steepest daily fall in more than a decade after the company said its profit would be hit when a licence to offer a suite of regional equity derivatives ends in February 2021.

SoftBank Group-backed Indian ride-hailing company Ola will acquire Amsterdam-based electric scooter company Etergo as part of its plan to locally build electric vehicles (EVs), the company said on Wednesday.

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

Tesla Inc said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns.

Hong Kong's exchange is launching derivatives products with U.S.-based index publisher MSCI that the Singapore bourse is relinquishing, in a deal it said underpinned the territory's draw amid concerns from a new security law planned by China.

U.S. private equity firm Warburg Pincus is raising its stake in Asian real estate fund manager ARA Asset Management Ltd (ARA) to 48.7% from 30.7%, as it seeks to capitalise on rising investor interest in property funds, both firms said in a statement.

Mexico's auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even as the wait for approvals slowed the return of some companies.

U.S. electric vehicle maker Tesla Inc said on Wednesday it will cut prices in North America, as the firm ramps up car production in its Fremont, California, factory after the easing of coronavirus lockdowns.

To access a PDF version of this newsletter, please click here http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_05272020.pdf If you would like to receive this newsletter via email, please register at: http://solutions.refinitiv.com/MNCIndiaSubscriptionpage FACTORS TO WATCH 4:00 pm: Former Economic Affairs Secretary Subhash Chandra Garg will be present at a webinar on “Geopolitical & Economic Impact of COVID-19" in New Delhi.

Asian shares slipped on Wednesday as investor concerns about rising tensions between the United States and China tempered optimism about a re-opening of the world economy.

U.S. automaker Ford has set May 28 as a provisional date for the gradual restart of its plant in Hermosillo, Mexico, according to a letter to workers seen by Reuters.

Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees, people briefed on the plans and a union said.

Copper prices climbed on Wednesday as optimism about developing coronavirus vaccines fuelled hopes of a quick rebound in the global economy, though gains were capped amid simmering tensions between the United States and top metals consumer China.

The U.S. Department of Justice is closing probes into three U.S. senators over stock trades made shortly before the coronavirus market turmoil, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Twitter on Tuesday for the first time prompted readers to check the facts in tweets sent by U.S. President Donald Trump, warning that his claims about mail-in ballots were false and had been debunked by fact checkers.