GSK to get less from Zhifei shingles vaccine deal; to collaborate on RSV

By Yadarisa Shabong (Reuters) -China’s Zhifei will pay GSK about 2.3 billion pounds ($2.9 billion) for the exclusive rights to distribute GSK’s shingles vaccine in China, the UK drugmaker said on Thursday, lower than previously agreed though the deal has been extended. The deal also now includes exclusive rights for China’s largest vaccine company to …

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Foreign outflows from Indian markets moderate in November as financials, IT spark interest

By Bharath Rajeswaran (Reuters) – Foreign outflows from Indian equity markets moderated in November after these investors turned buyers in the second-half of the month, snapping a record 38-session selling streak. Last month, foreign portfolio investors (FPI) poured money mainly into financials and IT stocks, which brought down outflows to $2.55 billion from a record …

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Azerbaijan angry at diplomats’ calls to free jailed rights activists

By Nailia Bagirova BAKU (Reuters) – Azerbaijan has accused Western diplomats of unacceptable interference in its judicial system after they called for the release of jailed human rights activists. The Azerbaijani Foreign Ministry reacted within hours of the diplomats’ comments at an event on Wednesday evening where they said the country’s record on rights and …

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Malaysia inquiry proposes criminal probe into ex-PM Mahathir over disputed islets

By Rozanna Latiff KUALA LUMPUR (Reuters) -A Malaysian royal commission of inquiry (RCI) recommended a criminal investigation into former Prime Minister Mahathir Mohamad over a decision to drop claims on two disputed islets in the Singapore Strait, its report published on Thursday said. The RCI was launched after current premier Anwar Ibrahim called for a …

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Dovish BOJ board member says rate decision will be ‘data dependent’

By Leika Kihara HIROSHIMA (Reuters) -Bank of Japan board member Toyoaki Nakamura said on Thursday the central bank must scrutinise various economic indicators, including those on wages and business sentiment, in its deliberations on whether to raise interest rates this month. The remark by Nakamura, who is considered as dovish on monetary policy, likely keeps …

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Hedge fund Monolith returns 53% year to date on AI, data centre and China bets

By Summer Zhen HONG KONG (Reuters) – Monolith Management, a Hong Kong-based tech-focused hedge fund, has returned 53% so far this year, benefiting from investments in semiconductors, data centres and a rally in Chinese investments in September. With $300 million in assets under management currently, Monolith will launch a new fund in January, growing its …

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Spain’s October industrial output rises 1.9% year-on-year

(Reuters) – Spain’s seasonally- and calendar-adjusted industrial output grew 1.9% in October from the same month a year earlier, official data from the country’s national statistics institute (INE) showed on Thursday. Analysts polled by Reuters expected a 0.3% increase. INE revised up the year-on-year figure for the month of September to 1.1% expansion from an …

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Foreigners buy $1 billion of Indian bonds on bets of policy easing after GDP data

By Dharamraj Dhutia MUMBAI (Reuters) – Foreign investors have stepped up buying of Indian government bonds in the last four sessions, after weaker-than-expected economic growth data last week spurred expectations of monetary policy easing by the central bank. These investors net bought bonds worth over 90 billion rupees ($1.06 billion) under the Fully Accessible Route …

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