EU raids AstraZeneca and other pharma companies December 3, 2010 EU antitrust regulators have raided the offices of some pharmaceutical companies, including AstraZeneca, suspected of colluding to block the market entry of cheaper generic drugs. The European Commission, which acts as the competition watchdog of the 27-nation European Union, said on Friday the raids – the latest in a series targeting improper activities in the [...]
EU raids AstraZeneca and other pharma companies December 3, 2010 EU antitrust regulators have raided the offices of some pharmaceutical companies, including AstraZeneca, suspected of colluding to block the market entry of cheaper generic drugs. The European Commission, which acts as the competition watchdog of the 27-nation European Union, said on Friday the raids – the latest in a series targeting improper activities in the [...]
RBS sells Uzbek business to South Korea December 3, 2010 Royal Bank of Scotland has agreed to sell the majority of its Uzbekistan operation to the Korea Development Bank today. The deal will see the South Korean bank buy 82.35 per cent of RBS NB Uzbekistan CJSC for an undisclosed amount. RBS Uzbekistan had about $365m (£234m) gross assets at 31 December 2009. The sale [...]
RBS sells Uzbek business to South Korea December 3, 2010 Royal Bank of Scotland has agreed to sell the majority of its Uzbekistan operation to the Korea Development Bank today. The deal will see the South Korean bank buy 82.35 per cent of RBS NB Uzbekistan CJSC for an undisclosed amount. RBS Uzbekistan had about $365m (£234m) gross assets at 31 December 2009. The sale [...]
UK service sector growth slows in November December 3, 2010 GROWTH in UK service sector activity slipped back slightly in November, suggesting a slowdown in overall fourth-quarter economic output and no change to monetary policy anytime soon. The headline business activity index in the Markit/CIPS PMI index eased to 53.0 in November from October’s four-month high of 53.2 and bang in line with the forecast, [...]
UK service sector growth slows in November December 3, 2010 GROWTH in UK service sector activity slipped back slightly in November, suggesting a slowdown in overall fourth-quarter economic output and no change to monetary policy anytime soon. The headline business activity index in the Markit/CIPS PMI index eased to 53.0 in November from October’s four-month high of 53.2 and bang in line with the forecast, [...]
China declares shift to “prudent” monetary policy December 3, 2010 CHINA will switch to a prudent monetary policy from a moderately loose stance, the Communist Party’s top leaders decided on Friday, a change that could pave the way for more interest rate increases and lending controls. At the same time, the Politburo elected to maintain China’s proactive fiscal policy, an indication that the government wants [...]
China declares shift to “prudent” monetary policy December 3, 2010 CHINA will switch to a prudent monetary policy from a moderately loose stance, the Communist Party’s top leaders decided on Friday, a change that could pave the way for more interest rate increases and lending controls. At the same time, the Politburo elected to maintain China’s proactive fiscal policy, an indication that the government wants [...]
Germany boosts Eurozone service sector December 3, 2010 THE EUROZONE’S service sector economy pulled ahead in November thanks to strengthening German and French business, but debt-burdened Ireland and Spain continued to lag behind, business surveys released today show. The Markit Eurozone Services Purchasing Managers Index (PMI), which surveys more than 2,000 businesses ranging from banks to hotels, rose in November to 55.4 from [...]
Germany boosts Eurozone service sector December 3, 2010 THE EUROZONE’S service sector economy pulled ahead in November thanks to strengthening German and French business, but debt-burdened Ireland and Spain continued to lag behind, business surveys released today show. The Markit Eurozone Services Purchasing Managers Index (PMI), which surveys more than 2,000 businesses ranging from banks to hotels, rose in November to 55.4 from [...]