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(MENAFN - AFP) Asian markets retreated Monday, led by Hong Kong after data at the weekend showed Chinese industrial output expanded in August at its slowest rate since the global financial crisis.

Wall Street provided a negative lead after another round of solid indicators fanned expectations the Federal Reserve will hike interest rates sooner than later.

The pound ...

(MENAFN - AFP) Heineken announced Sunday it has rejected a bid by SABMiller to acquire the Dutch brewing giant, without revealing the offer price.

The majority shareholding Heineken family informed the British-based rival SABMiller "of its intention to preserve the heritage and identity of Heineken as an independent company", the Dutch brewer said in a statement.

"The ...

(MENAFN - AFP) Chinese oil giant Sinopec will sell a 30 percent stake in its marketing arm to outside investors for more than $17 billion, the company said, as the government pushes key economic reforms.

China's Communist Party pledged at a meeting in November to allow the market to play a "decisive" role in the allocation of resources through a number of policies, including ...

(MENAFN - AFP) A fourth Sierra Leonean doctor, a woman, died Sunday after contracting the dreaded Ebola virus, a top health official said, while a Dutch charity repatriated two doctors suspected of having been contaminated with the disease.

Doctor Olive Buck, who was in charge of Lumley Government Hospital in the Sierra Leonean capital, tested positive for Ebola on Tuesday ...

(MENAFN - AFP) Scientists said Sunday they had invented a device that uses a magnet to extract bacteria, fungi and toxins from blood, potentially throwing a lifeline to patients with sepsis and other infections.

The external gadget - tested so far in rats but not yet humans - could be adapted one day for stripping Ebola and other viruses from blood, they hoped.

Acting ...

(MENAFN - AFP) For nearly four decades, mention of the Ebola virus has evoked death and terror, yet a simple factor - money - has stood in the way of erasing the curse, experts say.

Despite its evil reputation, Ebola breaks out only rarely in brief if murderous spurts in impoverished African countries.

That tiny - and poor - market means the disease has been a very ...

(MENAFN - AFP) Former Lloyds banker Eduardo Stock da Cunha is to take over the helm at Novo Banco, the "good bank" created after the bailout of stricken Portuguese lender Banco Espirito Santo (BES), after its president stepped down on Saturday.

Stock da Cunha, 51, who worked in the US and London after beginning his career in Lisbon, is "tasked with forming and leading an ...

(MENAFN - AFP) The South African government on Sunday announced a wide-ranging support package for troubled state-owned power supplier Eskom, that will see it receive an equity injection and raise additional debt.

Eskom, which supplies 95 percent of South Africa's electricity, has been struggling to meet growing demand, hobbled by years of underinvestment and ageing infrastructure.

"Eskom ...

(MENAFN - AFP) Cuba's pledge to deploy a 165-strong army of doctors and nurses to help fight the Ebola outbreak is the latest example of the Communist country's decades-old tradition of "medical diplomacy."

Since 1960, when Cuba dispatched a team of doctors to help with the aftermath of an earthquake in Chile, the Caribbean island has sent more than 135,000 medical staff ...

(MENAFN - AFP) Shares in insulin maker Novo Nordisk rose on Friday after an advisory panel to the US Food and Drug Administration (FDA) backed the group's obesity drug Saxenda.

With 14-1 votes, the FDA committee concluded that the benefit-risk assessment of the drug was favourable for individuals with severe weight problems, the Danish group said.

The US regulator typically ...

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