(Reuters) -Biotech company Roivant Sciences is in talks to sell an experimental drug to treat inflammatory bowel diseases, including ulcerative colitis and Crohn’s disease, to Roche in a deal th[...]
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Europe
Tesla begins sale of cheaper Model Y vehicle in South Korea
SEOUL (Reuters) – Tesla began selling its Model Y rear-wheel drive car on Friday in South Korea at a price of 56.99 million won ($45,139), the automaker’ s website said, making the vehicle[...]
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Cathay Pacific expects up to $576 million first-half profit as demand jumps
(Reuters) -Hong Kong’s Cathay Pacific Airways said on Friday it expects to record a profit of up to HK$4.5 billion ($576 million) in the first half of the year as travel demand skyrockets after[...]
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Italy’s luxury groups set aside rivalries to keep it local
By Elisa Anzolin MILAN (Reuters) – Italy’s luxury fashion groups, which for decades jealously guarded their independence, have started teaming up to protect their supply chains and the Ita[...]
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Analysis-Tumbling US dollar a boon to risk assets across the globe
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Cooling U.S. inflation is accelerating a decline in the dollar, and risk assets around the world stand to benefit. The dollar is down nearly 13% against[...]
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Marketmind: Relief over US inflation keeps Asia upbeat
A look at the day ahead in European and global markets from Sonali Desai Thursday’s Goldilocks blend of cooling U.S. inflation and a still toasty jobs market continues to cast a glow across mark[...]
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Nissan to invest some $725 million in Renault’s EV unit, Yomiuri says
TOKYO (Reuters) -Nissan Motor is likely to invest around 100 billion yen ($725 million) in Renault’s new electric vehicle unit, the Yomiuri Shimbun said on Friday, potentially clearing a hurdle[...]
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Australia’s central bank loses chief to public ire over rates
By Wayne Cole SYDNEY (Reuters) – The head of Australia’s central bank suffered an early end to his 43-year career on Friday as past missteps in pandemic policy so tested public trust in th[...]
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US trade group blasts Canada for refusal to extend digital services tax freeze
WASHINGTON (Reuters) – The U.S.-based National Foreign Trade Council on Thursday blasted Canada for its refusal to back a global agreement to hold off on implementing digital services taxes for[...]
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