The decision comes in the wake of continuing regulatory scrutiny by antitrust regulators in the UK and U.S. over its takeover offer. Following a continuation of regulatory reviews in the United States and Britain, Roche and Spark Therapeutics announced another… Read More ›
United States
24 out of 27 British sectors unprepared for no-deal Brexit: Confederation of British Industry
The lack of preparedness will significantly impact the majority of British sectors in the event of a no-deal Brexit, according to a report from the Confederation of British Industry. In a significant development, the Confederation of British Industry (CBI), a… Read More ›
China launches anti-dumping probe of meta-Cresol from the U.S., EU and Japan
Meta-Cresol is an organic compound typically extracted from coal tar that is used to make pesticides and other chemical products. On Monday, China said it has launched an anti-dumping investigation into the import of meta-Cresol, an organic compound typically extracted… Read More ›
Trump target China’s ‘developing nation’ at the WTO
How can China be a developing nation when its GDP is the second largest in the world ? In a development that will have major repercussions on the Chinese economy, U.S. President Donald Trump has pressed the World Trade Organization… Read More ›
U.S. Justice Department approves T-Mobile’s merger with Sprint
T-Mobile’s $26 billion bid to acquire rival Sprint Corp has been approved by the U.S. Justice Department. The breakthrough comes after the deal was caught for more than a year in regulatory limbo. In a significant development, the U.S. Justice… Read More ›
U.S. regulators increases oversight on resolution plans for foreign banks
Resolution plans, also known as living wills, require large banks to detail how they could be unwound in cases of bankruptcy with minimal disruption to the financial system. In a significant development, U.S. bank regulators stated they have not found… Read More ›
EU will retaliate if US slaps tariffs on EU car exports
The EU has made it lucidly clear that it will retaliate with $39.1 billion of U.S. goods if Washington was to go ahead with its threat to impose tariffs on EU car exports. In a warning to Washington, the European… Read More ›
U.S. manufacturing improves marginally during second quarter
Manufacturing activity along with capacity utilization in the manufacturing sector are indicative of how much more the economy may be able to grow before inflation becomes a concern. There has been an acceleration in U.S. manufacturing output for the second… Read More ›
American Airlines Group sees $185 million profit hit from ground Boeing 737 MAX jets
With fewer planes in service, the airlines saw its second-quarter unit revenue, increase between 3% and 4% percent in the quarter ended June. According to a statement from the No.1 U.S. airline, American Airlines Group Inc, its second-quarter profit will… Read More ›