(Reuters) -Pfizer Inc is planning to raise $31 billion through its largest debt offering to finance its proposed acquisition of Seagen Inc, the drugmaker said late on Tuesday. The company struck a $43 billion deal in March to acquire Seagen and its targeted cancer therapies as it prepares for a steep fall in COVID-19 sales…
By Julia Harte (Reuters) -North Carolina Republican lawmakers overrode a veto by the state’s Democratic governor to enact a law on Tuesday that cuts the window for most abortions in the southern state from 20 to 12 weeks. The law bans elective abortions after the first trimester, except in cases of rape, incest, life-limiting fetal…
By Eva Mathews (Reuters) -Experian Plc’s annual revenue growth forecast on Wednesday signalled a challenging economic backdrop, especially in North America, where the failure of three U.S. regional banks has hurt confidence in the sector. The world’s largest credit data group expects its annual organic revenue to grow between 4% and 6%, while analysts were…
(Reuters) – Melrose Industries Plc expects its engines business to power its profit margins in 2025 as aftermarket services would help boost cashflow, enabling it to buy back shares worth between 5% and 10% of its market value annually from next year. The company raised its adjusted operating margin outlook for aerospace to between 17%…
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) -Tesla Inc has proposed setting up a factory in India to build electric cars for domestic sale and export, the carmaker told government officials on Wednesday, according to a source with direct knowledge of the matter. The proposal comes after India refused to agree to Tesla’s…
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) -Tesla Inc has proposed setting up a factory in India to build electric cars for domestic sale and export, the carmaker told government officials on Wednesday, according to a source with direct knowledge of the matter. The proposal comes after India refused to agree to Tesla’s…
WASHINGTON (Reuters) – The International Monetary Fund’s no. 2 official said on Wednesday she sees sizeable risks that inflation will remain high or accelerate in many emerging markets and urged central banks to keep monetary policies tight. IMF First Deputy Managing Director Gita Gopinath told a conference hosted by the Central Bank of Brazil that…
WASHINGTON (Reuters) -House Speaker Kevin McCarthy on Wednesday said he believed the United States will not default on its debt now that congressional leaders and President Joe Biden’s administration are sitting down and negotiating. “I think at the end of the day, we do not have a debt default,” McCarthy said in an interview with…
By Andrew Hayley XIAN, China (Reuters) -China wants to further deepen relations with Kazakhstan in times of both “prosperity and adversity”, President Xi Jinping told his visiting Kazakh counterpart on Wednesday. This week, China will for the first time host an in-person summit of Central Asian leaders, building ties in Russia’s backyard as Beijing’s relations…
By James Davey LONDON (Reuters) -JD Sports Fashion expects underlying profit to exceed 1 billion pounds ($1.3 billion) for the first time this year as demand for trainers, joggers and hoodies from its younger shoppers keeps growing. JD has proved resilient to the cost-of-living crisis, with many of its young consumers not yet burdened by…
