Following a media report that said that the German government wouldn’t step in to back the lender, fueling investor concerns about its weakened finances, Deutsche Bank AG shares dropped to a record low and its riskiest bonds declined. Bringing losses… Read More ›
Day: September 26, 2016
Biggest Buyers of U.S. Bond Markets are Selling at Historic Highs
Foreign central banks have become yet another worry for investors in the world’s most important bond market these days, they’ve long been one of the most reliable sources of demand for U.S. government debt. Based on the Federal Reserve’s official custodial… Read More ›
First systematic therapy for severe eczema likely to win FDA approval
French based Sanofi and its U.S. partner Regeneron Pharma set to win approval for the first systemic therapy for severe atopic dermatitis (AD). Sanofi, a French drug manufacturer, and its U.S. partner, Regeneron Pharmaceuticals, are set to win approval in… Read More ›
Tech companies tax profile to come under scrutiny in Thailand
Thailand’s revenue department plans to increase its tax collections and its working committee is looking into blocking tax loopholes that are exploited by tech firms. Internet and tech companies based in Thailand could potentially face increased scrutiny as the country… Read More ›
Majority of UK CEOs to either move their HQ or their operations out of Britain
EU business associations and companies agree that the only way Britain can continue to benefit from EU’s single market if it were to continue to follow its rules. Going by the results of a survey that was published on Sept…. Read More ›
Lanxess AG set to acquire Chemtura Corp for ~2.12 billion
The deal is set to have an enterprise value of $2.69 billion (2.4 billion euros). Lanxess AG is the world’s largest synthetic rubber manufacturer. Lanxess AG has stated that it would acquire Chemtura Corp, a specialty chemical company for around… Read More ›