BEIJING (Reuters) -China’s overall trade with Russia rose over 12% in March from a year earlier, slowing from February but still outpacing the growth in China’s total imports and exports, as Beijing slammed Western sanctions on Russia following its invasion of Ukraine. Shipments to and from Russia increased 12.76% in March to $11.67 billion, Chinese…
(Reuters) -Britain’s GlaxoSmithKline has agreed to buy California-based biopharmaceutical company Sierra Oncology in a cash deal valued at $1.9 billion, the companies said on Wednesday, as it seeks to bolster its blood cancer business. Shareholders in Sierra, which focuses on targeted therapies for the treatment of rare forms of cancer, will receive $55 per share…
BEIJING (AP) — China’s exports rose 15.7% over a year ago in March while imports were flat amid disruptions due to coronavirus outbreaks as the ruling Communist Party enforces a “zero-COVID” strategy to isolate every case. Exports rose to $276.1 billion despite anti-virus controls in Shanghai and other industrial hubs that are causing factories to…
By Alun John HONG KONG (Reuters) – Asian shares and U.S. futures rose on Wednesday as U.S. inflation figures were not as high as markets had feared, causing U.S. yields to pause their march higher. Share market sentiment was capped, though by, higher oil and other commodity prices after Russian President Vladimir Putin said that…
BEIJING (Reuters) -China’s imports unexpectedly fell in March as COVID-19 curbs across large parts of the country hampered freight arrivals and weakened demand, while export growth slowed slightly and analysts expected trade to worsen in the second quarter. Inbound shipments fell 0.1% from a year earlier in March, marking the first decline since August 2020,…
PARIS (Reuters) – Stellantis said on Wednesday it would sell its entire stake in an auto financing joint venture with Dongfeng to the Chinese car maker and consolidate its own financial services in China into a new structure it fully owns. “As we continue our push to drive profitable growth in China, we need to…
DALLAS (AP) — Union officials say pilots of Southwest Airlines pilots are suffering through an epidemic of fatigue due to poor scheduling practices by the airline, and that it is raising safety concerns. Union leaders said in an open letter Tuesday to Southwest CEO Robert Jordan and other executives that problems started last summer when…
BEIJING (Reuters) -China increased its overall trade with Russia and war-hit Ukraine in the first quarter from a year earlier in yuan terms, and Beijing said economic cooperation with both countries would remain normal. Overall trade with Russia rose to 243.03 billion yuan ($38.18 billion) in January-March, Chinese customs spokesman Li Kuiwen said at a…
By Makiko Yamazaki TOKYO (Reuters) – Big Japanese firms including Sumitomo Mitsui Financial Group, Tokyo Electric Power (Tepco) and Mitsubishi Corp will face resolutions from activist shareholders urging greater commitment to tackling climate change at their annual meetings this year. Five climate activist groups, including Japan’s Kiko Network and Australia’s Market Forces, said in a…
By Alun John HONG KONG (Reuters) – Asian shares rose on Wednesday boosted by U.S. inflation figures that fared better than markets’ worst expectations – and caused U.S. yields to pause their march higher – though Chinese shares remained pressured by COVID-19. Share market sentiment was also capped by gains in oil and other commodity…
