December 27, 2019

Astellas ramps up M&A, buys U.S. biotech Xyphos for as much as $665 million

Astellas Pharma Inc has bought U.S.-based Xyphos Biosciences Inc to expand its immuno-oncology business, a deal worth up to $665 million including potential development milestones and […]
December 27, 2019

China’s industrial profits grow at fastest in eight months, but sustained recovery uncertain

Profits at China’s industrial firms grew at the fastest pace in eight months in November, but broad weakness in domestic demand remains a risk for company […]
December 27, 2019

Hyundai Development says consortium closes $2.2 billion acquisition of Asiana Airlines

South Korean builder Hyundai Development Co said on Friday its consortium has closed on its 2.5 trillion won ($2.16 billion) acquisition of a controlling stake in […]
December 27, 2019

Oil up 1% at highest since September on trade pact and crude supplies

Oil prices were up about 1% to the highest in more than three months on Thursday, boosted by hopes that the China-U.S. trade fight would soon […]
December 26, 2019

Global stocks rally to record highs; gold gains

A gauge of global equity markets and Wall Street’s three major indices finished at all-time highs on Thursday in light holiday trade as a year-end rally […]
December 26, 2019

Nasdaq tops 9,000 on boosts from Amazon, trade optimism

The Nasdaq crossed the 9,000-point mark for the first time on Thursday as all three major Wall Street indexes posted record closing highs, boosted by optimism […]
December 26, 2019

Peru watchdog says McDonald’s franchisee Arcos Dorados violated safety laws

Peru´s labor watchdog has found McDonald’s Corp´s Latin America franchisee Arcos Dorados guilty of six “very serious” violations of local safety and health laws following the […]
December 26, 2019

Tesla secures $1.29 billion loan from Chinese banks for Shanghai factory

Tesla Inc entered into agreements with lenders in China for a secured term loan facility of up to 9 billion yuan ($1.29 billion), according to a […]
December 26, 2019

Boeing 737 MAX crisis adviser Michael Luttig to retire

Boeing Co said on Thursday Michael Luttig, who was appointed senior adviser to the planemaker’s board amid the 737 MAX crisis in May, will retire at […]
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