Investing.com – India equities were higher at the close on Monday, as gains in the Public Sector Undertakings, Capital Goods and Oil & Gas sectors propelled shares higher. At the close in NSE, the Nifty 50 added 0.33% to hit a new all time high, while the BSE Sensex 30 index climbed 0.34%. The biggest gainers of the session on the...
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By Geoffrey Smith Investing.com -- AstraZeneca (NASDAQ:AZN) has come up with a good, old-fashioned acquisition to remind everyone what biotech M&A used to be all about before the pandemic. The company has agreed to buy U.S.-based Alexion (NASDAQ:ALXN) for $39 billion, a move that will launch it into the high-margin world of treatments for rare diseases. In doing so, it will diversify its...
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By Pushkala Aripaka (Reuters) -AstraZeneca shares fell as much as 9% on Monday, as investors moved to price in the costs of a $39 billion deal for U.S. biotech company Alexion (NASDAQ:ALXN) Pharmaceuticals that would be the British drugmaker's biggest ever corporate acquisition. The deal, announced over the weekend, is also one of the biggest in an already bumper year for mergers...
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BUDAPEST (Reuters) - German car maker Daimler will begin serial production of the EQB electric model in Hungary in the fourth quarter of 2021 after investment of more than 100 million euro ($122 million) investment, factory director Christian Wolff said on Monday. The compact SUV vehicle will be the first fully electric car produced in Hungary, whose economy is dependent on car...
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By Shivani Kumaresan (Reuters) -London's mid-cap index jumped 1% on Monday on hopes that Britain and the European Union could still agree on a Brexit trade deal, while drugmaker AstraZeneca tumbled after it announced a $39 billion buyout of U.S.-based Alexion (NASDAQ:ALXN) Pharmaceuticals. The domestically focussed FTSE 250, considered a barometer for Brexit sentiment, was up 1.1% by 0923 GMT, with industrial,...
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By Danilo Masoni The extension of last-ditch talks over a post-Brexit trade deal beyond the Sunday deadline and the big logistical efforts to deliver first vaccine shots to Americans later today is perhaps the right set of newsflow to start the week with. That's helping European and U.S. stock index futures move higher along with strong oil prices, underscoring the return of...
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BEIJING (Reuters) - China on Monday urged the United States to stop abusing state power to crack down on foreign companies, after Nasdaq said it will remove four Chinese companies' shares from indexes in response to a U.S. order. China will continue to uphold legitimate rights and interests of Chinese companies, the foreign ministry spokesman Wang Wenbin told a regular news briefing....
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ROME (Reuters) - The European Commission last week raised questions over the validity of a recently approved Italian media law, which could potentially curb French group Vivendi (PA:VIV)'s interests in the country, daily la Repubblica reported on Monday. In a letter sent to Italy's Industry Ministry on Friday, the Commission said the law was not notified to Brussels, making...
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LONDON (Reuters) - British insurer Aviva (LON:AV) is to sell its Vietnamese business to Canadian insurer ManuLife it said on Monday, as it pushes ahead with plans to pull out from its non-core markets. Aviva, under new boss Amanda Blanc, is looking to sell its businesses in continental Europe and Asia, to focus on Britain, Ireland and Canada. Years...
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(Reuters) -Computer games firm Electronic Arts (NASDAQ:EA) said on Monday it had reached an agreement to buy Codemasters in a deal worth $1.2 billion, trumping an earlier agreement between the British company and rival Take-Two (NASDAQ:TTWO) Interactive Software. Under the deal, Codemasters shareholders will receive 604 pence per share, representing a premium of 13.1% to the last closing price of the company's...
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