Japanese pharma Eisai slides 4% despite FDA approval for Alzheimer’s drug
Leqembi is the first Alzheimer’s antibody treatment to receive full FDA approval.
‘We would not stand idly by’: Lagarde pledges ECB action if both profits and wages rise
There are concerns that some companies are increasing their prices more than is needed to compensate for higher costs, thereby boosting their profit margins.
Yellen says she’s ‘concerned’ about China’s new export controls in her first public remarks in Beijing
Starting Aug. 1, companies in China that want to export two metals used in semiconductor manufacturing would need to apply for licenses.
Yellen’s visit to China is ‘crucial’ to U.S.-China engagement, professor says
Janet Yellen’s visit to China is “crucial” to ensuring that both countries continue talking to each other, said Eswar Prasad of Cornell University.
Germany’s economy is stagnating. And these 5 charts show how
A faltering gross domestic product isn’t the only figure that suggests tthe German economy is stuttering.
China to end Ant Group’s regulatory revamp with fine of at least $1.1 billion, Reuters reports
The People’s Bank of China has been driving the revamp at Ant after its $37 billion IPO was scuttled in late 2020.
China to ban food imports from Japan citing concerns over nuclear contaminated water
The ban was to prevent the export of radioactive contaminated Japanese food to China and protect the food safety of Chinese consumers’ imports.
Sri Lanka’s central bank says more rate cuts are needed for economy to ‘bounce back’
“We should need further reduction in interest rates on the basis of forward-looking inflation, forward-looking output gap,” the central bank’s governor Nandalal Weerasinghe said.
Samsung estimates profits plunged 96% in the second quarter
Companies are grappling with excess chip inventories as consumers buy fewer electronics due to inflation. As a result, prices for memory chips have fallen.
Zoom is ‘extremely optimistic’ about growth in Asia-Pacific despite weaker outlook
Zoom is “doubling down” on its technical investments in the Asia-Pacific region as it seeks to strengthen growth, said the video communications company.
