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Updated: 4 years 21 weeks ago
Moderna to start final testing stage of coronavirus vaccine in July
Moderna Inc on
Thursday confirmed it plans to start a trial of 30,000
volunteers of its much-anticipated coronavirus vaccine in July
as the company enters the final stage of testing.
Categories: Business News
UPDATE 1-Bombardier to cut up to 600 jobs in Northern Ireland
Planemaker Bombardier Inc
is to cut up to 600 jobs in its Northern Ireland
operations, it said on Thursday, as part of plans announced last
week to cut 2,500 jobs or about 11% of the workforce in its
global aviation unit.
Categories: Business News
Takeda to divest some Asia-focused drugs to Celltrion for about $266 mln
Takeda Pharmaceutical Co Ltd
said on Thursday it will divest some over-the-counter and
prescription drugs sold exclusively in Asia Pacific to South
Korea's Celltrion Inc.
Categories: Business News
Regeneron begins human testing of COVID-19 antibody cocktail
Regeneron Pharmaceuticals Inc
on Thursday said it has begun human testing of its experimental
antibody cocktail as a treatment for COVID-19, the disease
caused by the novel coronavirus.
Categories: Business News
US STOCKS-Futures fall after Fed's sobering outlook, fears of second virus wave
U.S. stock futures extended declines on
Thursday, a day after the Federal Reserve's economic forecast
confirmed that the pain from the coronavirus outbreak will be
felt for years, with investors also nervous about a second wave
of infections.
Categories: Business News
EU to file antitrust complaint against Amazon over treatment of third party sellers- WSJ
The European Union is planning on filing
formal antitrust charges against Amazon.com Inc over
its treatment of third-party sellers, the Wall Street Journal
reported on Thursday, citing people familiar with the matter.
Categories: Business News
Nasdaq-listed 360 Finance may kick off HK listing end-2020 - sources
Nasdaq-listed 360 Finance Inc
may kick off its Hong Kong listing process as soon as
December, two sources familiar with the matter said, as
U.S.-listed Chinese firms pursue dual listings amid uncertain
Sino-U.S. relations.
Categories: Business News
Platts says Asia's biggest energy meeting APPEC will be virtual
Asia's largest energy
industry gathering, the Asia Pacific Petroleum Conference will
this year take place virtually because of the coronavirus
pandemic, S&P Platts said on Thursday.
Categories: Business News
PRESS DIGEST- Canada-June 11
The following are the top stories from
selected Canadian newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
Categories: Business News
UPDATE 1-Bain-led buyout of Japan's Nichiigakkan undervalues nursing home operator, says investor
Bain Capital's tender offer
"substantially" undervalued Japanese nursing home operator
Nichiigakkan Co and appeared to take "advantage of
COVID-19 related weakness in the share price", investment fund
LIM Advisors said in a letter to management.
Categories: Business News
UPDATE 1-Lloyds Bank fined $81 million for overcharging mortgage customers
Britain's Financial Conduct
Authority has fined Lloyds Bank 64 million pounds
($81.26 million) for failures in handling hundreds of thousands
of mortgage customers in difficulties or arrears.
Categories: Business News
FOREX-Yen, franc gain after Fed paints a gloomy picture
The Japanese yen and the Swiss
franc gained on Thursday as expectations that the global economy
will recover swiftly from the coronavirus pandemic took a
beating after a U.S. central bank policy meeting.
Categories: Business News
Lloyds Bank fined $81 million for mortgage arrears failures
Britain's Financial Conduct
Authority said on Thursday it has fined Lloyds Bank 64
million pounds ($81.26 million) for failures in handling
mortgage arrears.
Categories: Business News
Bid for Japan's Nichiigakkan undervalues nursing home operator, says investor
A tender offer for Japanese
nursing home operator Nichiigakkan Co announced on May
8 "substantially" undervalued the company, investment fund LIM
Advisors said in a letter to management.
Categories: Business News
Battling anti-encryption drive, tech companies pledge new child abuse disclosures
Tech companies including
Facebook, Google and Microsoft on
Thursday pledged to improve and standardise annual disclosures
around online child exploitation, as they fight off moves to
limit encryption.
Categories: Business News
UPDATE 3-U.S. to probe if plywood imports from Vietnam circumvent duties on Chinese goods
The U.S. Commerce Department
said it would examine whether hardwood plywood imports completed
in Vietnam using Chinese components circumvented U.S. duties on
imports from China, in a move that could see Vietnamese imports
facing similar duties.
Categories: Business News
