The drugmaker’s shares tumbled in Copenhagen after saying a fifth of users discontinued its weight-loss drug because of gastrointestinal issues.
The Reserve Bank of India will likely tighten monetary policy in coming months, bringing it in line with regional peers that have turned more hawkish in response to inflationary pressures stemming from the Middle East conflict, economists said.
India’s index-eligible bonds recorded their largest inflow in almost a year after authorities announced measures aimed at boosting foreign purchases of the nation’s debt and supporting the rupee.
The Reserve Bank of India’s use of a key tool for defending the rupee has passed the $110 billion mark in recent weeks to a new record, according to people familiar with the developments.
Israel and Iran exchanged missile strikes on Monday despite President Donald Trump’s calls for both sides to halt the fighting and give peace talks a chance to succeed. (Source: Bloomberg)
“Bloomberg: The China Show” is your definitive source for news and analysis on the world’s second-biggest economy. From politics and policy to tech and trends, Yvonne Man and Stephen Engle give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
Ingredion Inc. agreed to acquire UK-based rival Tate & Lyle Plc for £2.7 billion ($3.6 billion), marking another famous brand leaving the London stock market.
German factory orders fell more than expected in April, adding to concerns that Europe’s largest economy could contract in the second quarter due to the Iran war and the surge in energy costs.
Intesa Sanpaolo offered to buy Banca Monte dei Paschi di Siena for €30.6 billion ($35.3 billion). The Milan-based bank will offer 1.6 of its own shares and €1 in cash for each Monte Paschi share. The bid comes the day after Banco BPM pitched its own merger with Monte Paschi, considered to be the world’s oldest bank. Bloomberg’s Manuel Baigorri reports. (Source: Bloomberg)
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
