EUROP

Stocks gain, shrugging off latest policymaker inflation concerns

Stocks gain, shrugging off latest policymaker inflation concerns

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, March 7, 2022. REUTERS/ Kim Kyung Hoon Register now for FREE unlimited access to Reuters.com register LONDON, Aug 18 (Reuters) – …

Stocks gain, shrugging off latest policymaker inflation concerns Read More »

Bluebird’s $2.8 million gene therapy becomes most expensive drug after US approval

Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, US, August 29, 2020. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com register Aug 17 (Reuters) – The US Food and Drug Administration on Wednesday approved bluebird bio’s (BLUE.O) gene therapy for patients with a rare …

Bluebird’s $2.8 million gene therapy becomes most expensive drug after US approval Read More »

Exclusive: China’s EVE to supply BMW with large Tesla-like cylindrical batteries in Europe

BMW logo is seen during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay Register now for FREE unlimited access to Reuters.com register SHANGHAI, Aug 17 (Reuters) – China’s EVE Energy Co Ltd (300014.SZ) will supply BMW (BMWG.DE) with large cylindrical batteries for its electric cars in Europe, two people …

Exclusive: China’s EVE to supply BMW with large Tesla-like cylindrical batteries in Europe Read More »

Elon Musk says he is buying Manchester United

Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. REUTERS/Michele Tantussi/ Register now for FREE unlimited access to Reuters.com register Aug 16 (Reuters) – Tesla (TSLA.O) Chief Executive Officer Elon Musk said on Tuesday he was buying football club Manchester United …

Elon Musk says he is buying Manchester United Read More »

Philips parts ways with CEO in midst of massive recall

Van Houten to leave after almost 12 years at helm To be replaced on Oct. 15 by Connected Care head Jakobs Shares up 2%, but down more than 50% since product recall AMSTERDAM, Aug 16 (Reuters) – Philips (PHG.AS) Chief Executive Frans van Houten will leave the company in October, the Dutch health technology firm …

Philips parts ways with CEO in midst of massive recall Read More »

Investors no longer ‘apocalyptically bearish’, Bank of America poll says

LONDON, Aug 16 (Reuters) – Investors are still bearish but no longer “apocalyptically” so, according to Bank of America’s (BofA) monthly survey of global fund managers in August, as hopes rise inflation and interest rates shocks will end in the coming quarters BofA, which polled investors overseeing $836 billion in assets between Aug. 5-11, said …

Investors no longer ‘apocalyptically bearish’, Bank of America poll says Read More »

H&M returns to Alibaba’s Tmall, 16 months after Xinjiang controversy

SHANGHAI, Aug 16 (Reuters) – Swedish fashion giant H&M’s (HMb.ST) official store on Alibaba’s (9988.HK) Tmall e-commerce platform has re-opened, 16 months after the Chinese site took it down following the brand’s criticisms of human rights abuses in Xinjiang. The re-opening was first noticed by Chinese netizens and confirmed by a Reuters search of the …

H&M returns to Alibaba’s Tmall, 16 months after Xinjiang controversy Read More »

Stocks drift, dollar firms as growth fears stifle sentiment

European stocks edge up 0.3% on defensive names Markets overall subdued amid China, US growth fears Dollar gains as investors seek safety LONDON, Aug 16 (Reuters) – European stocks crept sluggishly higher on Tuesday as investors sought safety in defensive names, while risk aversion likewise lifted the safe haven dollar following weak Chinese and US …

Stocks drift, dollar firms as growth fears stifle sentiment Read More »

Exclusive: Tencent plans to divest Meituan stake worth $24 billion

Tencent seeks to kick off Meituan stake sale this year-sources Sale seeks to placate regulators, monetise 8-year-old bet-sources Stake sale likely to be done as a block trade – sources Move comes after Tencent’s divestments of JD.com, SEA stakes Meituan shares sink 10%; Tencent shares recover HONG KONG, Aug 16 (Reuters) – China’s Tencent Holdings …

Exclusive: Tencent plans to divest Meituan stake worth $24 billion Read More »

UK first to approve Omicron COVID shot with Moderna nod

A nurse prepares a dose of the Moderna coronavirus disease (COVID-19) vaccine at the Glangwili General Hospital in Carmarthen, Wales, Britain April 7, 2021. Jacob King/Pool via REUTERS Register now for FREE unlimited access to Reuters.com register UK’s JCVI to decide how shot should be deployed UK beginning another COVID booster program in autumn Moderna …

UK first to approve Omicron COVID shot with Moderna nod Read More »