By Gleb Bryanski and Vladimir Soldatkin MOSCOW (Reuters) -The BRICS group will generate most of the global economic growth in the coming years thanks to its size and relatively fast growth compared with that of developed Western nations, Russian President Vladimir Putin said on Friday. Putin hopes to build up BRICS – which has expanded …
Putin says BRICS, not the West, will drive global economic growth Read More »
(Reuters) -Gilead Sciences said on Friday it was voluntarily withdrawing its drug, Trodelvy, for patients with a type of bladder cancer after it failed to meet the main goal in a confirmatory trial. The decision was made in consultation with the U.S. health regulator, the company said. The U.S. Food and Drug Administration had granted …
Gilead withdraws bladder cancer drug in US after failed trial Read More »
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – Some European Central Bank governors at Thursday’s rate-setting meeting made the case for dropping a pledge to keep policy tight as inflation may now turn out lower than anticipated only a few weeks ago, five sources told Reuters. Their idea did not gain traction but it …
Exclusive-Some ECB governors wanted to drop pledge to keep policy tight, sources say Read More »
By Greg Bensinger (Reuters) -One of Amazon’s top executives defended the new, controversial 5-day-per-week in-office policy on Thursday, saying those who do not support it can leave for another company. Speaking at an all-hands meeting for AWS, unit CEO Matt Garman said nine out of 10 workers he has spoken with support the new policy, …
Amazon AWS CEO: Quit if you don’t want to return to office Read More »
JOHANNESBURG (Reuters) -South Africa’s rand firmed against a weaker dollar on Friday, ahead of a domestic inflation reading next week which could provide clues on the central bank’s rate-cutting path. At 1400 GMT, the rand traded at 17.57 against the dollar, about 0.6% stronger than its previous close. The currency is still down about 1% …
South African rand firms as focus shifts to inflation print next week Read More »
PARIS (Reuters) -French luxury goods group LVMH said it was “surprised by inaccurate rumors” about its Moet Hennessy division relayed on Friday by French investigative media La Lettre, which reported its longtime wine and spirits division head was being replaced by an executive in the business. La Lettre said the group would name Laurent Boillot, …
LVMH surprised by ‘inaccurate rumours’ about replacement of Moet Hennessy division head Read More »
BERLIN (Reuters) – Commerzbank is considering its own acquisitions, for example in the area of asset management, its CEO Bettina Orlopp told German business news outlet WirtschaftsWoche in an interview published on Friday. “With further acquisitions, we are focusing on offering our customers new services,” said Orlopp. Italy’s UniCredit is pressing for a possible tie-up …
Commerzbank considering its own acquisitions, CEO tells paper Read More »
By Yantoultra Ngui and Kane Wu SINGAPORE/HONG KONG (Reuters) – Japanese insurer Tokio Marine has paused the sale of its $1 billion Southeast Asia life insurance business, partly due to a dispute with a Malaysian partner over an expiring products distribution agreement, four sources with knowledge of the matter said. The Tokyo-listed company hired Goldman …
By Arpan Chaturvedi NEW DELHI (Reuters) – Byju Raveendran, the founder of what was once India’s biggest start-up, Byju’s, said he overestimated the growth potential of his education-technology company which is now “worth zero” as it faces insolvency, but remains hopeful of rescuing it. Byju’s, which operates in more than 21 countries, became popular during …
‘Worth zero’: Founder of India’s once biggest startup Byju’s concedes mistakes Read More »
By Saqib Iqbal Ahmed and Suzanne McGee NEW YORK (Reuters) -Corners of financial markets that could feel the impact of a Donald Trump victory are stirring again, as the U.S. presidential race tightens with less than three weeks until Election Day. Assets ranging from small-cap stocks to bitcoin have climbed in recent weeks while the …
Analysis-From bitcoin to Mexican peso, ‘Trump trades’ are appearing again Read More »
