COPENHAGEN (Reuters) -Danish drugmaker Novo Nordisk will invest 15.9 billion Danish crowns ($2.29 billion) to expand a production facility in Denmark for products to treat serious chronic diseases, the company said in a statement on Monday. The existing facility produces active pharmaceutical ingredient (API), the main biologically active components of medicines, and will be expanded…
LONDON (Reuters) -The Bank of England may need to raise interest rates more than once from their current level of 4.5% to bring inflation under control, Monetary Policy Committee member Jonathan Haskel said on Monday. “My own view is that it’s important we continue to lean against the risks of inflation momentum, and therefore that…
(Reuters) – It’s a week of meetings of central bank heavies, with the U.S. Federal Reserve, European Central Bank and Bank of Japan all due to announce decisions. The Fed is tipped to stop its rate increases, for now, the ECB, to keeping going, for now, while the BOJ remains in stop mode, for now….
COPENHAGEN (Reuters) -Danish drugmaker Novo Nordisk will invest 15.9 billion Danish crowns ($2.29 billion) to expand a production facility in Denmark for products to treat serious chronic diseases, the company said in a statement on Monday. The existing facility produces active pharmaceutical ingredient (API), the main biologically active components of medicines, and will be expanded…
BEIJING (Reuters) -China deployed a reconnaissance aircraft over Pacific waters east of Taiwan last week that Chinese media said monitored and gathered intelligence on an exercise involving the navies of the United States, Japan, France and Canada. A Y-9 cargo plane variant fitted with intelligence-gathering equipment most likely monitored and collected intelligence on the exercise,…
By Tomasz Janowski, Oliver Hirt and John Revill ZURICH (Reuters) – With its Credit Suisse takeover officially wrapped up, UBS must now make good on its promise that the government-orchestrated rescue will deliver both for shareholders and Swiss taxpayers. The world’s biggest banking deal since the 2008 financial crisis has forged a wealth manager with…
By Joice Alves LONDON (Reuters) – European grocers could exceed market expectations for earnings growth this year as they keep prices high even as costs fall, but the spectre of declining inflation and government-imposed price caps is tempering investor hopes. Stock pickers have been lured to names like Tesco and Carrefour, whose profits have been…
By Ludwig Burger and Patricia Weiss HAMBURG (Reuters) -BioNTech will go to court on Monday to defend itself against a lawsuit from a German woman who is seeking damages for alleged side effects of its COVID-19 vaccine, the first of potentially hundreds of cases in the country. The woman, exercising her right under German privacy…
By Yoruk Bahceli and Stefano Rebaudo (Reuters) – Another quarter percentage-point rate hike from the European Central Bank looks like a done deal on Thursday, but the key question for markets is how many more will follow. Euro area inflation fell faster than expected in May and the bloc’s economy is in recession, boosting the…
BERLIN (Reuters) – Novartis said on Monday that it has entered in an agreement to acquire U.S.-based Chinook Therapeutics for $3.2 billion upfront, with the deal expected to close in the second half. The transaction is in the form of a merger of a newly formed Novartis subsidiary and Chinook, which has two high-value, late-stage…
