Friday, September 18, 2020

$1 billion New Global Fund Aims To Aid Antibiotic Companies in Troubled Market

A new $1 billion fund backed by 20 drugmakers including Merck & Co Inc (MRK.N) and Pfizer Inc (PFE.N) is aiming to bolster struggling antibiotic companies and sustain a pipeline for new treatments, an industry group said on Thursday.(Reuters) Antibiotic makers have struggled with anemic investment and bankruptcies, even after the approval of new drugs, […]

Chinese Currency Renminbi hits a high peak as Chinese stocks surge

China’s currency rose to its strongest level since March as a booming stock market and accelerating economic recovery galvanised investors. The renminbi, which has strengthened steadily since late May, on Thursday broke through the seven to the dollar level for the first time in four months, when efforts to contain the coronavirus outbreak squeezed economic […]

Brussels Makes U turn on its EU growth forecasts

The European Commission has slashed its growth forecasts for the EU economy this year, warning that longer than anticipated coronavirus lockdowns in many countries would cause a “significantly” deeper recession than previously predicted. In its first updated economic projections since early May, Brussels said EU gross domestic product would shrink 8.3 per cent this year […]

Most Businesses Proceeding with International Expansion Plans, Undeterred by COVID-19 Survey Finds

New research released by Globalization Partners and CFO Research, indicates that most businesses are undeterred by the impact of COVID-19 and are still moving forward with plans for new or expanded international operations. More than half of the respondents expressed interest in expanding or adding operations in the Asia-Pacific region. The findings also show that […]