Article content LONDON — British finance minister Jeremy Hunt said on Sunday he was working with Prime Minister Rishi Sunak and Bank of England Governor Andrew Bailey to “avoid or minimize damage” resulting from the chaos engulfing the UK arm of Silicon Valley Bank. “We will bring forward immediate plans to ensure the short-term operational […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Kevin Yao Published Mar 12, 2023 • 3 minute read Join the conversation Article content BEIJING — Yi Gang’s surprise re-appointment as China’s central bank governor on Sunday means a pro-market mind of high international stature will continue to represent the world’s second-largest economy on […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Summer Zhen Published Mar 12, 2023 • 3 minute read Join the conversation Article content SHANGHAI — China stock investors, already disillusioned by Beijing’s lower-than-expected economic growth target for the year, will be further disheartened by the shock collapse of U.S. lender SVB Financial Group, […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Yew Lun Tian and Laurie Chen and Joe Cash Published Mar 11, 2023 • 5 minute read Join the conversation Article content BEIJING — Four years before Li Qiang gained notoriety as the force behind the two-month COVID-19 lockdown of Shanghai, the man […]
Breadcrumb Trail Links PMN Business Article content The U.S. Food and Drug Administration approved Acadia Pharmaceuticals Inc’s drug for the treatment of Rett syndrome, a genetic brain disorder, the company said on Friday, making it the first approved drug for the condition. The U.S. health regulator’s decision allows use of the trofinetide, to be sold […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Andy Bruce and William Schomberg Published Mar 10, 2023 • 1 minute read Join the conversation Article content LONDON, March 10 (Reuters) – Children returning to school after an illness-ravaged December provided an unexpected, one-off boost to Britain’s economy in January, when growth in output […]
Article content LONDON — GSK is prepared to launch its respiratory syncytial virus (RSV) vaccine in the U.S. this year without supply constraints and sees China as a major future market for the shot, the company’s head of vaccines research & development told Reuters. The drugmaker is racing rival Pfizer Inc to introduce the first […]
Breadcrumb Trail Links PMN Business Article content BEIJING — China’s new yuan loans are expected to fall in February from a record high in January partly due to seasonal factors, a Reuters poll showed, as the central bank keeps policy accommodative to support the slowing economy. Chinese banks are estimated to have issued 1.50 trillion […]
Article content Japanese investors were big sellers in overseas stocks in February, tracking big declines in global equities on worries of more rate hikes by the U.S. Federal Reserve, as economic data showed a stickier-than-expected inflation. According to data from Japan’s Ministry of Finance, investors exited a net 2.15 trillion yen ($15.62 billion) in foreign […]
Article content KUALA LUMPUR — Malaysian palm oil is expected to trade between 4,000 and 5,000 ringgit ($1,106) per tonne from now until August as Indonesia’s ambitious biodiesel mandate will keep stocks tight in the first half of 2023, industry analyst Dorab Mistry said on Wednesday. Benchmark palm oil contract for May delivery on the […]