(MENAFN - AFP) China's auto sales eased in February from a record high in January as the long Lunar New Year holiday affected the market, an industry group said Monday.
Auto sales in China -- the world's biggest car market -- rose 17.8 percent last month from a year ago to 1.60 million vehicles, the China Association of Automobile Manufacturers (CAAM) said in a statement.
(MENAFN - AFP) Shares in Indian drug giant Ranbaxy fell as much as four percent on Monday following news of a second recall of its cholesterol-busting generic drug.
It was the latest blow for the New Delhi-based drugmaker, majority-owned by Japan's Daiichi Sankyo, that is already reeling from a string of US Food and Drug Administration (FDA) import bans involving manufacturing ...
(MENAFN - AFP) US-based Chiquita Brands and Ireland's Fyffes Plc said Monday that they are merging, creating the world's larget banana supplier with annual revenue of $4.6 billion.
In the stock-for-stock transaction Chiquita shareholders will own approximately 50.7 percent of the new company, named ChiquitaFyffes Plc, and Fyffes shareholders owning the remainder, the companies ...
(MENAFN - AFP) Japan Display, the world's biggest maker of screens for smartphones and tablets and a key supplier to Apple, said Monday it had raised $3.2 billion in an initial public offering ahead of a listing later this month.
An official filing said its offering would be priced at 900 yen per share, at the low end of expectations, with the stock to start trading in ...
(MENAFN - AFP) GlaxoSmithKline has lifted its stake in the group's Indian subsidiary to 75 percent, the British drugmaker said on Monday.
GSK said in a statement that it had increased its stake in publicly-listed GlaxoSmithKline Pharmaceuticals Limited from 50.7 percent in a deal worth about Â£625 million ($1.05 billion, 752 million euros).
(MENAFN - AFP) The Takeyamas have tried to move on and forget the enormous waves that swept away relatives, their home and the lives they once had.
But the couple, both in their seventies, still spend countless nights staring at the ceiling of their tiny makeshift house, built after Japan's quake-tsunami disaster three years ago, thinking about better times.