New drug approvals fall to six-year low in 2016
LONDON (Reuters) – Last year turned out to be a disappointing one for new drug approvals with the U.S. Food and Drug Administration clearing just 22 new medicines for sale, the lowest number since 2010 and sharply down on 2015’s tally of 45.
Hyundai, Kia target sales rebound after first fall in 18 years
SEOUL (Reuters) – Hyundai Motor and affiliate Kia Motors on Monday forecast global sales to rebound in 2017 by a stronger-than-expected 5 percent, after posting their first annual sales fall in nearly two decades last year.
Samsung Electronics to reveal Galaxy Note 7 probe results this month: JoongAng Ilbo
SEOUL (Reuters) – Samsung Electronics Co Ltd will announce this month the results of an investigation into what caused some of its Galaxy Note 7 smartphones to catch fire, the JoongAng Ilbo newspaper reported on Monday citing unnamed sources.
Kia Motors says plans to sell 3.17 million vehicles globally in 2017
SEOUL (Reuters) – Kia Motors Corp aims to sell 3.17 million vehicles globally in 2017, the South Korean company said on Monday, up slightly from its 2016 goal of 3.12 million.
Peru’s President Kuczynski says may sue Odebrecht
LIMA (Reuters) – Peruvian president Pedro Pablo Kuczynski said on Saturday that he is evaluating the possibility of suing Brazilian construction firm Odebrecht [ODBES.UL] for damages after the company admitted to using bribes to secure public contracts…
Oil down, but ends year with biggest gain since 2009
(Reuters) – Oil prices settled slightly lower on Friday, the year’s last trading day, but attained their biggest annual gain since 2009, after OPEC and partners agreed to cut output to reduce a supply overhang that has depressed prices for two years.
Chinese firms ordered to pay Disney, Pixar $194,000 for copying ‘Cars’: Xinhua
SHANGHAI (Reuters) – A Shanghai court ordered two Chinese firms to pay Walt Disney Co and Pixar more than 1.35 million yuan ($194,440) compensation for copying parts of their hit movies “Cars” and “Cars 2”, the official Xinhua news agency reported on S…
Investors brace for 2017 shocks after surprise 2016 run
NEW YORK (Reuters) – After a late-year rally fueled by the U.S. election pushed stocks to surprising new peaks, investors are wary that the market could be primed for a spill to start 2017.
China policymakers pledge stability for ‘complex’ year ahead
BEIJING (Reuters) – China’s economy is on a steady growth path as 2016 ends, supported by a housing boom and billions in government investment, but the mood of policymakers is more cautious than celebratory as they face “complexity” in the new year.
E.ON to cut administrative jobs in savings drive: CEO in paper
FRANKFURT (Reuters) – German utility E.ON plans to cut administrative jobs as part of efforts to reduce costs by 400 million euros (340.78 million pounds), Chief Executive Johannes Teyssen told newspaper Rheinische Post.
