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Updated: 4 years 22 weeks ago

UPDATE 3-AstraZeneca approached Gilead about potential merger - Bloomberg News

Sun, 2020-06-07 06:09
Britain's AstraZeneca Plc has approached U.S. rival Gilead Sciences Inc about a possible merger that would form one the world's largest drug companies, Bloomberg News reported on Sunday, citing people familiar with the matter.
Categories: Business News

India's Reliance says Abu Dhabi Investment Authority invests $752 mln in digital unit

Sun, 2020-06-07 05:59
Indian oil-to-telecoms giant Reliance Industries said on Sunday that the Abu Dhabi Investment Authority (ADIA) will buy 1.16% of its digital unit Jio Platforms for 56.83 billion rupees ($752 million).
Categories: Business News

MIDEAST STOCKS-Gulf stocks rise on oil pact, Egypt lifted by IMF agreement

Sun, 2020-06-07 05:20
Most bourses in the Gulf ended higher on Sunday, a day after the OPEC+ group of oil producers agreed to extend record production cuts until the end of July, with Egyptian shares boosted by a preliminary deal on a standby IMF loan for the country. Saturday's deal between OPEC
Categories: Business News

BA, Ryanair, easyJet protest over 'wholly unjustified' UK quarantine plan

Sun, 2020-06-07 04:17
Three airlines have written to the British government in protest at its "wholly unjustified and disproportionate" quarantine rules for most international arrivals from Monday, a copy of the letter seen by Reuters showed.
Categories: Business News

REFILE-UPDATE 2-AstraZeneca approached Gilead about potential merger - Bloomberg News

Sun, 2020-06-07 03:01
AstraZeneca Plc has approached rival drugmaker Gilead Sciences Inc about a potential merger, Bloomberg News reported on Sunday, citing people familiar with the matter.
Categories: Business News

RPT-Wall St Week Ahead-Bond investors look for Fed to justify steepening yield curve

Sun, 2020-06-07 03:00
Expectations that the global economy has dodged the worst-case coronavirus pandemic scenarios have led to a dramatic sell-off in U.S. government bonds from their record highs, pushing the yield curve to its steepest level since March.
Categories: Business News

UPDATE 2-Shanghai Junshi Biosciences in human tests for coronavirus antibody drug

Sun, 2020-06-07 02:53
Shanghai Junshi Biosciences has started an early-stage study in China to test a potential antibody treatment against the coronavirus in uninfected people, the company said in a filing on Sunday.
Categories: Business News

No change to Rosneft sanctions despite ownership change -U.S. Treasury

Sun, 2020-06-07 01:55
By Daphne Psaledakis, Vladimir Soldatkin and Olesya Astakhova
Categories: Business News

UPDATE 1-AstraZeneca approached Gilead about potential merger -Bloomberg News

Sun, 2020-06-07 00:39
AstraZeneca Plc has approached rival drugmaker Gilead Sciences Inc about a potential merger, Bloomberg News reported on Sunday, citing people familiar with the matter.
Categories: Business News

AstraZeneca approaches Gilead about potential merger - Bloomberg News

Sun, 2020-06-07 00:19
AstraZeneca Plc has approached rival drugmaker Gilead Sciences Inc about a potential merger, Bloomberg News reported https://bloom.bg/3h2GU9e on Sunday, citing people familiar with the matter. (Reporting by Rama Venkat in Bengaluru Editing by Raissa Kasolowsky)
Categories: Business News

UPDATE 2-China May exports slip back into contraction, imports worst in 4 years

Sat, 2020-06-06 23:39
China's exports contracted in May as global coronavirus lockdowns continued to devastate demand, while a sharper-than-expected fall in imports pointed to mounting pressure on manufacturers as global growth stalls.
Categories: Business News

UPDATE 1-Shanghai Junshi Biosciences in human tests for coronavirus antibody drug

Sat, 2020-06-06 22:49
Shanghai Junshi Biosciences has started an early-stage study in China to test a potential antibody treatment against the coronavirus in uninfected people, official paper Liberation Daily said on its online channel on Sunday. https://bit.ly/3eZhSWM
Categories: Business News

Fujifilm says COVID-19 drug research may drag on into July

Sat, 2020-06-06 21:22
Fujifilm Holdings Corp's research on Avigan as a potential treatment for COVID-19 may drag on until July, the company said on Sunday, a further setback in the Japanese firm's race to find a vaccine.
Categories: Business News

CORRECTED-UPDATE 1-China May exports slip back into contraction, imports worst in 4 years

Sat, 2020-06-06 20:48
China's exports contracted in May as global coronavirus lockdowns continued to devastate demand, while a sharper-than-expected fall in imports pointed to mounting pressure on manufacturers as global growth stalls.
Categories: Business News

Shanghai Junshi Biosciences begins human test for experimental coronavirus antibody drug - local paper

Sat, 2020-06-06 19:12
Shanghai Junshi Biosciences has started an early-stage study to test its potential antibody treatment against coronavirus in healthy people, official paper Liberation Daily said on its online channel on Sunday. https://bit.ly/3eZhSWM
Categories: Business News

UPDATE 2-Oil workers, Louisiana residents flee ahead of Storm Cristobal

Sat, 2020-06-06 17:34
Tropical Storm Cristobal on Saturday dumped rain from Louisiana to the Florida peninsula as it moved through the U.S. Gulf of Mexico, prompting evacuations of several southeast Louisiana towns and dozens of offshore oil platforms.
Categories: Business News

HSBC warns it could face reprisals in China if UK bans Huawei equipment -the Telegraph

Sat, 2020-06-06 14:05
HSBC Holdings Plc Chairman Mark Tucker has warned Britain against a ban on networking equipment made by Huawei Technologies Co Ltd, claiming the bank could face reprisals in China, the Telegraph reported on Saturday.
Categories: Business News

UPDATE 1-Oil workers, Louisiana island residents flee ahead of Storm Cristobal

Sat, 2020-06-06 10:34
Tropical Storm Cristobal moved through the U.S. Gulf of Mexico on Saturday carrying strong winds and heavy rains that prompted the evacuation of a coastal Louisiana community and dozens of offshore oil platforms.
Categories: Business News

UPDATE 1-'Am I going to get shot?' kids ask, as brands try to explain racism and violence to children

Sat, 2020-06-06 09:13
For 8 minutes and 46 seconds - the time it took George Floyd, an unarmed black man, to die at the hands of Minneapolis police - cable TV kids channel Nickelodeon's screen went black on Tuesday to sounds of inhaling and exhaling, as white text flashed "I can't breathe."
Categories: Business News

Oil workers, Louisiana island residents flee ahead of Storm Cristobal

Sat, 2020-06-06 06:24
Tropical Storm Cristobal moved through the U.S. Gulf of Mexico on Saturday carrying strong winds and heavy rains that prompted the evacuation of a coastal Louisiana community and dozens of offshore oil platforms.
Categories: Business News

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