Indian pharma’s struggle to tighten standards paves way for M&A deals
MUMBAI (Reuters) – India’s smaller generic drugmakers, struggling to cope with a bruised reputation and tougher regulation in the United States, are under pressure to consider branching out to new, less-profitable markets or sell out to larger rivals.
FCA US recalls SUVs over suspension component
NEW YORK (Reuters) – FCA US LLC, formerly Chrysler Group LLC, said on Sunday it was recalling a small number of new Chrysler sport utility vehicles that may have been equipped with improperly heat-treated suspension components.
Volkswagen to launch budget car family in 2018: CEO in paper
FRANKFURT (Reuters) – Germany’s Volkswagen plans to launch a family of low cost budget cars in China and possibly elsewhere starting in 2018, its chief executive said in a newspaper interview on Sunday.
Rising interest rates pose new risk for banks: BIS
LONDON (Reuters) – Rising interest rates after years of loose monetary policy will pose a fresh risk to banks’ ability to absorb losses using capital buffers, the Bank for International Settlements said in its annual report on Sunday.
‘Nein Danke’ – smaller German firms see U.S. trade deal as threat
BERLIN (Reuters) – Martina Roemmelt-Fella, who owns a small, family-run turbine manufacturer in Bavaria, should be a cheerleader for a trade deal between Europe and the United States that promises to ease the flow of goods and services across the Atlan…
China-backed multilateral bank to take concrete shape this week
SHANGHAI/BEIJING (Reuters) – One of China’s biggest ever foreign policy successes will take concrete shape on Monday when delegates from 57 countries sign an agreement on the Asian Infrastructure Investment Bank (AIIB) in Beijing.
‘Nein Danke’ – smaller German firms see U.S. trade deal as threat
BERLIN (Reuters) – Martina Roemmelt-Fella, who owns a small, family-run turbine manufacturer in Bavaria, should be a cheerleader for a trade deal between Europe and the United States that promises to ease the flow of goods and services across the Atlan…
China regulators juggle IPOs with growth and a market plunge
SHANGHAI (Reuters) – A 20 percent fall in Chinese stocks over the past two weeks, mainly blamed on a flood of initial public offerings, highlights the risks that regulators face as they try to use the stock market to support the slowing economy.
Euro zone readies for Greek default after Tsipras referendum call
ATHENS/BRUSSELS (Reuters) – Greece’s European partners shut the door on extending a credit lifeline to Athens, leaving it facing a default that could push it out of the euro after the leftist government rejected tough lender demands and put their bailo…
Goldman Sachs eyes tilt to EU if UK backs ‘Brexit’: paper
FRANKFURT (Reuters) – Goldman Sachs would shift resources toward locations in continental Europe and away from Britain should the country’s voters choose to end the country’s membership of the EU, a senior executive told the Frankfurter Allgemeine Sonn…
