ZURICH (Reuters) – Roche (ROG.S) entered into a $1.15 billion licensing agreement with Sarepta Therapeutics (SRPT.O) to obtain the right to launch and commercialize Sarepta’s investigational gene therapy for Duchenne muscular dystrophy (DMD) outside the United... More »
(Reuters) – GlaxoSmithKline’s HIV drugs division ViiV Healthcare said on Saturday that the U.S. Food and Drug Administration declined to approve its long acting HIV injection. ViiV, in which Pfizer and Shionogi have small stakes, said it received a so-called c... More »
(Reuters) – The U.S. Food and Drug Administration said on Friday it had approved Daiichi Sankyo Co Ltd and AstraZeneca Plc’s drug to treat an advanced form of breast cancer, three months ahead of schedule. AstraZeneca in March signed a licensing and collaborat... More »
ZURICH (Reuters) – Swiss drugmaker Novartis on Monday said it is jettisoning what it had hoped would be a billion-dollar-selling asthma drug, fevipiprant, from its development program after the medicine failed another set of key trials. The drug’s star fell in... More »
GISENYI, Rwanda (Reuters) – An Ebola survivor has fallen ill with the disease for a second time in eastern Congo, the Congolese health authorities said on Sunday, saying it was not yet clear if it was a case of relapse or reinfection. The Ebola outbreak in Dem... More »
(Reuters) – Bristol-Myers Squibb Co on Saturday said that an experimental cancer therapy it acquired as part of its $74 billion deal for Celgene Corp produced positive results in a clinical trial. The company said it will apply for U.S. approval for the treatm... More »
MARTIGNY, Switzerland (Reuters) – Christoph Blocher’s vast collection of works by Switzerland’s master painters is a fitting accompaniment to the 79-year-old billionaire’s decades at the vanguard of right-wing Swiss politics. A 127-piece sample from his privat... More »
LONDON/RIYADH (Reuters) – Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters. Aramco, the world’s largest oil company, has been ... More »
SINGAPORE (Reuters) – The United States’ economic outperformance will wane, the dollar will probably weaken and growth next year can be expected from emerging markets, UBS Asset Management said on Monday, the latest money manager to turn bullish on the sector.... More »
(Reuters) – Olympic champion Matthias Mayer continued a family love affair with the Canadian Rockies when he won the men’s World Cup super-G in Alberta on Sunday. Competing a couple of hundred kilometers from where his father Helmut claimed Olympic silver in C... More »
GOMA, Democratic Republic of Congo (Reuters) – International organizations warned on Friday of a potential resurgence of Ebola in Congo after deadly militia attacks on health centers forced aid groups to suspend operations and withdraw staff from the epidemic’... More »
ZURICH (Reuters) – Swiss drugmaker Novartis (NOVN.S) is betting on heart drug prospect inclisiran in a $9.7 billion takeover of The Medicines Co (MDCO.O) as it challenges cardiovascular medicines from Amgen Inc (AMGN.O), Sanofi (SASY.PA) and Regeneron Pharmace... More »
LONDON (Reuters) – The euro enjoyed a small respite on Monday, jumping to an 11-day high versus the U.S. dollar, on expectations that Washington and Beijing can soon sign off on a deal to end a trade war that has been a drag on global economic growth. Faint op... More »
ZURICH (Reuters) – UBS’s (UBSG.S) Sergio Ermotti wants to remain as chief executive of Switzerland’s biggest bank until 2021, Swiss website Finews reported on Monday, citing unnamed sources. There has been speculation about the 59-year-old’s departure date aft... More »
(The Nov 16 story corrects to clarify in second graph that patients will be infused by a healthcare provider.) By John Miller and Carl O’Donnell (Reuters) – Novartis AG on Friday won U.S. approval for its experimental sickle cell disease drug, Adakveo, making ... More »
HONG KONG (Reuters) – Swiss bank UBS (UBSG.S) was fined HK$400 million ($51.09 million) by Hong Kong’s securities regulator for overcharging up to 5,000 clients for nearly a decade, the watchdog said on Monday. The Hong Kong Securities and Futures Commission (... More »
(Reuters) – European shares edged lower for a second session on Monday as an escalation in Hong Kong protests, an inconclusive Spanish election and Moody’s warning on Britain’s sovereign debt made for a gloomy start to the week. The pan-European STOXX 600 inde... More »
ZURICH (Reuters) – Roche’s bid to rival Biogen and Novartis in treating spinal muscular atrophy (SMA) got a lift on Monday when the Swiss drugmaker said its drug risdiplam improved motor function of patients in a key study. Roche, which plans to seek approval ... More »
LONDON (Reuters) – Roger Federer said he had no more margin for error if he wanted to avoid an early exit at the ATP Finals after losing his opening group match to Dominic Thiem on Sunday. The 38-year-old Swiss, bidding for his seventh title at the event but h... More »
LONDON (Reuters) – Novak Djokovic ruthlessly took Matteo Berrettini apart at the ATP Finals on Sunday as he began his quest to reclaim the number one ranking by winning his opening group match 6-2 6-1. Roger Federer already faces an uphill task to win the titl... More »
ZURICH (Reuters) – The world’s richest people became a little less well off last year, according to a report by UBS (UBSG.S) and PwC, as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time since 2015. Billiona... More »
LONDON (Reuters) – The euro edged down on Monday as investors awaited Christine Lagarde’s first speech as European Central Bank president, but hopes that the United States may choose not to impose tariffs on auto imports kept it near its highest level in weeks... More »
NEW YORK (Reuters) – Kenyan half marathon world record holders Geoffrey Kamworor and Joyciline Jepkosgei powered to victories in the New York City Marathon on Sunday. Kamworor reclaimed the New York title he won in 2017 in two hours eight minutes and 13 second... More »
ZURICH (Reuters) – Roche’s Tecentriq immunotherapy mixed with the older cancer drug Avastin lifted both overall survival and progression-free survival in people with liver cancer that cannot be surgically removed, the Swiss drugmaker said on Monday. The compan... More »
HONG KONG (Reuters) – UBS (UBSG.S) will cut up to 30 jobs in the major centres of Hong Kong, Singapore, Sydney and Tokyo after combining its global markets and banking businesses, a person with knowledge of the matter said. The job cuts at the Swiss bank start... More »
(Reuters) – Andy Murray claimed his first ATP title since having career-saving hip surgery as he fought off Stan Wawrinka in an engrossing duel in the European Open final in Antwerp on Sunday. Former world number one Murray, who appeared on the brink of retire... More »
LONDON (Reuters) – Uncertainty surrounding Britain’s exit from the European Union has hit science funding to the tune of almost half a billion euros and is putting off international researchers from coming to Britain, a leading institution said on Wednesday. A... More »
LONDON (Reuters) – Britain’s vast financial services industry will lose more jobs to Europe over the coming years because of Brexit, the City of London’s policy chief told Reuters, warning people not to be duped by the low number of job moves to the continent ... More »
LONDON (Reuters) – From the pinnacle of the City of London’s largest skyscraper, Stuart Lipton is wagering a $1.2 billion bet that the British capital remains a master of the international financial universe no matter what happens with Brexit. The 76-year-old ... More »
LONDON/SAN FRANCISCO (Reuters) – Backers of Facebook Inc’s (FB.O) Libra cryptocurrency project pledged to forge ahead after selecting a five-member board on Monday, shrugging off the latest member defection by online travel company Booking Holding earlier in t... More »
MILAN (Reuters) – Mediobanca’s third-biggest investor Leonardo Del Vecchio called for it to get bigger through acquisition on Friday, stepping up his questioning of the Italian merchant bank’s strategy. The 84-year-old billionaire bought a 7% stake in Medioban... More »
WARSAW (Reuters) – Polish banks will face costs of 20 billion to 30 billion zlotys ($5.1-$7.6 billion) due to the European Court of Justice’s (ECJ) ruling on Swiss-franc mortgages, Polish rate-setter Eugeniusz Gatnar told news agency PAP in comments published ... More »
ZURICH/HONG KONG (Reuters) – The announcement by Julius Baer this week that it had hired five senior bankers from Credit Suisse underscores the challenge facing Chief Executive Tidjane Thiam as he seeks to reassure staff and investors in the wake of a spying s... More »
ZURICH (Reuters) – Credit Suisse (CSGN.S) cleared its CEO on Tuesday of snooping on a star wealth manager in an episode that saw suicide, scandal and espionage invade the secretive world of Swiss private banking. The spying on ex-wealth management chief Iqbal ... More »
LONDON/NEW YORK (Reuters) – Global mergers and acquisitions (M&A) plunged 16% year-on-year to $729 billion in the third quarter, according to Refinitiv data, the lowest quarterly volume since 2016, as growing economic uncertainty curbed the risk appetite of co... More »
ZURICH (Reuters) – Novartis said on Sunday that Kisqali helped women with advanced breast cancer after menopause live longer, adding to data the Swiss company hopes will help convince doctors to choose its drug over Pfizer’s blockbuster Ibrance. Kisqali plus t... More »
(Reuters) – CVS Health Corp said on Saturday it will discontinue sales the popular Zantac heartburn treatment and its own generic ranitidine products from its pharmacies after traces of a known carcinogen were found in some of the products by the U.S. Food and... More »
GENEVA (Reuters) – The launch of Facebook’s Libra could be pushed back to tackle the regulatory concerns that have been raised around the world, the head of the organization set up to oversee the cryptocurrency told Reuters. Three months ago, Facebook (FB.O) a... More »
MELBOURNE (Reuters) – Roger Federer is set to give Andy Murray’s hip an early season workout, with Switzerland drawn to face Great Britain in the group phase of the inaugural ATP Cup. Former world number one Murray has played only a handful of singles matches ... More »
(Reuters) – Global regulators will question Facebook on Monday about its Libra cryptocurrency, amid concerns from European Union governments over the threat the digital currency poses to financial stability, the Financial Times reported on Sunday. Officials fr... More »
HELSINKI (Reuters) – France and Germany said on Friday that Facebook Inc’s (FB.O) Libra currency posed risks to the financial sector that could block its authorization in Europe, and backed the development of an alternative public cryptocurrency. The criticism... More »
(Reuters) – U.S. and European drug regulators said on Friday they are reviewing the safety of the widely taken heartburn drug ranitidine, commonly known by the brand name Zantac, after they found traces of a probable cancer-causing impurity in some versions of... More »
SAN FRANCISCO/NEW YORK (Reuters) – Facebook Inc (FB.O) revealed lofty plans to establish a cryptocurrency called Libra in June, but the project quickly ran into trouble with skeptical regulators around the world. Opposition deepened on Friday, when both France... More »
(Reuters) – European shares rose to six-week highs on Wednesday, as China eased trade worries by saying it would exempt some U.S. goods from additional tariffs, with eyes also moving to a European Central Bank meeting expected to deliver more economic stimulus... More »
DUBAI (Reuters) – Iran said on Wednesday the firing of John Bolton as U.S. national security adviser will not push Tehran to reconsider talks with the United States. “The departure of US National Security Adviser John Bolton from President Donald Trump’s admin... More »
LONDON (Reuters) – The Japanese yen fell on Wednesday as the rush into safe-haven assets during the summer continued to unwind on the back of rising risk appetite, while the euro paused before Thursday’s European Central Bank meeting. The yen had rocketed towa... More »
ZURICH (Reuters) – Facebook’s (FB.O) Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said on Wednesday, noting the breadth of the planned services would require broad oversight. The world’s largest social media ... More »
BERN (Reuters) – The Facebook-led (FB.O) Libra cryptocurrency project must meet the highest standards for combating money laundering and terrorism financing if it is to get off the ground, a senior U.S. Treasury official said on Tuesday. Any cryptocurrency pro... More »
LONDON (Reuters) – Big insurance losses from hurricanes, wildfires and other natural disasters over the past two years are set to push reinsurance renewal rates higher in January, ratings agencies said. After falling for several years due to competition and fe... More »
ZURICH (Reuters) – Group assets under custody or management at Swiss private bank and asset manager Pictet rose nearly 10% in the first half versus the end of 2018, it said on Monday. Assets advanced to 544 billion Swiss francs ($558.23 billion) as of the end ... More »
NEW YORK (Reuters) – Novak Djokovic’s U.S. Open title defence came unstuck on Sunday when a nagging shoulder injury forced the world number one to retire from his fourth-round match against Stan Wawrinka, prompting a chorus of boos from the crowd at Flushing M... More »
(Reuters) – Novak Djokovic’s U.S. Open title defense ended in agony on Sunday when the Serb retired from his fourth round match against Swiss Stan Wawrinka because of a shoulder injury. Wawrinka converted his fourth break point to lead 6-4 7-5 2-1 when world n... More »
NEW YORK (Reuters) – Defending champion Naomi Osaka will seek a spot in the U.S. Open quarter-finals when she returns to the court on Monday while second seed Rafa Nadal faces former winner Marin Cilic in last 16 action. Osaka, who brought 15-year-old American... More »
ZURICH (Reuters) – Switzerland’s biggest bank UBS on Thursday appointed former Credit Suisse manager Iqbal Khan to co-lead its flagship wealth management business, as part of a broader shake-up of its executive board. The appointment of Khan alongside two inte... More »
ZURICH (Reuters) – UBS has least three candidates from inside the biggest Swiss bank who could eventually step into the CEO role, Chief Executive Sergio Ermotti said in a newspaper interview on Thursday on the heels of a big management reshuffle. “We have at l... More »
ZURICH (Reuters) – Swiss bank UBS will appoint former Credit Suisse banker Iqbal Khan as head of its wealth management business, Swiss newspaper TagesAnzeiger reported on Wednesday, citing unnamed UBS sources. Khan will join the executive board “shortly” the n... More »
NEW YORK (Reuters) – Roger Federer gave India’s Sumit Nagal a harsh introduction to Grand Slam tennis as the five-time champion weathered an early storm for a 4-6 6-1 6-2 6-4 win on Monday to reach the second round of the U.S. Open. When the match began it was... More »
SAO PAULO/RIO DE JANEIRO (Reuters) – Brazil’s planned privatization of eight Petroleo Brasileiro SA (PETR4.SA) refineries has lured several of the world’s largest trading and oil companies as prospective bidders, two sources with knowledge of the matter said. ... More »
ZURICH (Reuters) – Credit Suisse (CSGN.S) said on Monday it would invest hundreds of millions of francs in digital services and other parts of its Swiss division by the end of 2021 and said it no longer needed a bigger branch network in its home market than it... More »
(Reuters) – European stock markets rose for the second session running on Monday, with Frankfurt shares leading a recovery from last week’s six-month lows as investors cheered signs of moves by Germany and China to counter slowing growth. Friday’s report that ... More »
LONDON (Reuters) – The euro steadied on Monday after suffering its biggest weekly drop in nearly two months as risk appetite gradually returned to global markets after a week of turmoil. With hopes of fiscal stimulus from Germany growing and steps by China ove... More »
ZURICH (Reuters) – Novartis (NOVN.S) plans to answer a U.S. senator who demanded details about data manipulation related to its gene therapy Zolgensma, amid scrutiny of the Swiss drugmaker’s decision to delay informing regulators until after the treatment’s ap... More »
DUBAI (Reuters) – Iran has warned the United States against any new attempt to seize an Iranian oil tanker in open seas after it left Gibraltar, the Iranian Foreign Ministry spokesman said on state television on Monday. The Iranian tanker caught in a standoff ... More »
(Reuters) – American Bernarda Pera and France’s Alize Cornet advanced to the second round with straight sets victories at the rain-hit Bronx Open in New York on Sunday. Pera, who lost to Veronika Kudermetova twice this year, got her revenge with a convincing 6... More »
VIENNA (Reuters) – An unnamed Novartis executive sold 925,400 Swiss francs ($946,000) worth of shares less than three weeks before the U.S. Food and Drug Administration (FDA) announced data from tests of its gene therapy Zolgensma had been manipulated. Novarti... More »
(Reuters) – Roche Holding AG has priced its personalized cancer treatment, Rozlytrek, at about $17,050 per month, nearly half of the monthly price of a rival drug from Bayer AG and Eli Lilly and Co that was approved last year. Roche’s drug and Bayer/Lilly’s Vi... More »
VADUZ (Reuters) – The tiny principality of Liechtenstein celebrated its 300th anniversary on Thursday as an island of peace and prosperity in an unsettled world — and a place where citizens can go drink a beer with their monarch. “It is a privilege for me to b... More »
WASHINGTON (Reuters) – Genetic research that reconstructed the past population dynamics of the cave bear, a prominent prehistoric denizen of Europe, implicates Homo sapiens rather than climate cooling in the Ice Age extinction of these brawny plant-loving beas... More »
BRUSSELS (Reuters) – As the Oct. 31 deadline for Britain to leave the European Union approaches, health professionals are warning that shortages of some medicines could worsen in Europe in the event of a no-deal Brexit. Britain’s food and drink lobby warned la... More »
ZURICH (Reuters) – ABB (ABBN.S) Chairman Peter Voser said he was convinced he had got the right man to transform the Swiss engineering group after it announced Sandvik (SAND.ST) boss Bjorn Rosengren would become its next chief executive. Rosengren will take ov... More »
ZURICH (Reuters) – ABB’s (ABBN.S) largest shareholder Investor AB (INVEb.ST) is pleased with the appointment of Bjorn Rosengren as the new chief executive of the engineering group, the Swedish investment company said on Monday. “We welcome the appointment of B... More »
VIENNA (Reuters) – Austrian sensor specialist AMS (AMS.S) triggered a bidding war for Osram (OSRn.DE) on Sunday, saying it was ready to pay $3.8 billion for the German lighting group’s shares, 10% more than finance investors Bain Capital and Carlyle (CG.O) hav... More »
(Reuters) – A U.S. judge on Friday upheld two patents relating to Amgen Inc’s blockbuster rheumatoid arthritis drug Enbrel, denying a challenge by Novartis AG, which is seeking to launch a copycat version. The decision was a relief to investors concerned about... More »
TORONTO (Reuters) – The Canadian government announced final regulations on Friday that should cut billions of dollars from patented drug prices that are among the highest in the world, overcoming heavy opposition from pharmaceutical companies who may eventuall... More »
BOSTON (Reuters) – Two new BlackRock Inc funds that exclude gun makers are off to slow starts as socially-minded investors embrace other products addressing a wide range of issues like environmental and governance concerns, according to flow data at the world’... More »
GOMA, Congo (Reuters) – Congolese authorities were racing to contain an Ebola epidemic on Thursday, after a gold miner with a large family contaminated several people in the east’s main city of Goma before dying of the hemorrhagic fever, officials said. The go... More »
GOMA, Congo (Reuters) – The second case of Ebola recorded in east Congo’s main city of Goma had a large family including 10 children and managed to infect several people before dying of the hemorrhagic fever, the government’s Ebola response coordinator said on... More »
MARIA ALM, Austria (Reuters) – Every year around St. Jacob’s Day, men from Austria’s Salzburg region grapple with each other in a natural arena at the top of the Hundstein mountain in a traditional martial arts contest – the Hundstoa, or Jakobi Ranggeln. The C... More »
(Reuters) – European shares recovered from early losses on Monday, fueled by a surge in the London Stock Exchange Group on its potential deal to buy financial data firm Refinitiv, while investors waited anxiously for an expected U.S. interest rate cut. Shares ... More »
ZURICH (Reuters) – Novartis’s heart failure drug Entresto failed a trial in a new use, the Swiss drugmaker said on Monday, calling into question billions of dollars in potential revenue and taking the shine off one of the company’s biggest growth prospects. Th... More »
LONDON/AMSTERDAM (Reuters) – Amsterdam-based online food delivery firm Takeaway.com (TKWY.AS) has agreed to buy Just Eat (JE.L) in an all-share deal valuing the combined group, which will be one of the sector’s largest, at about 8.2 billion pounds ($10.1 billi... More »
GENEVA (Reuters) – The United States could bolster the battle against the Ebola virus in Democratic Republic of Congo by allowing more of its experts to travel to the outbreak zone, a senior World Health Organization (WHO) official said on Friday. The virus ha... More »
LAUSANNE, Switzerland (Reuters) – Switzerland’s supreme court on Friday voted in favor of handing over historical data on over 40,000 UBS clients to French authorities in a landmark ruling. Three of the five judges voted in favor of overthrowing the lower cour... More »
GENEVA (Reuters) – Democratic Republic of Congo’s Ebola outbreak could last much longer and cost far more in money and lives unless U.N. member states inject hundreds of millions of dollars now, U.N. humanitarian chief Mark Lowcock told Reuters on Monday. Spea... More »
GOMA, Democratic Republic of Congo (Reuters) – Unidentified attackers killed two Ebola health workers in eastern Congo over the weekend, the health ministry said, the latest in a string of assaults that have hampered efforts to stop the deadly spread of the vi... More »
(Reuters) – European shares trod water on Monday as worrying comments on Germany’s industrial and services sectors curbed optimism stemming from China’s encouraging factory output and retails sales data. Germany’s Economy ministry said its industrial activity ... More »
LONDON (Reuters) – Novak Djokovic again proved the toughest nut for Roger Federer to crack, repelling all the Swiss threw at him in an epic duel to win a fifth Wimbledon crown in the longest singles final in the tournament’s 133-year history on Sunday. The ind... More »
LONDON (Reuters) – How did Roger Federer end up losing the 2019 Wimbledon final? It was a question that was being asked over and over again at the All England Club on Sunday after the crowd favorite did almost everything better than Novak Djokovic – except con... More »
GOMA (Reuters) – Unidentified attackers killed two Ebola health workers in eastern Congo over the weekend, the latest in a string of assaults that have hobbled efforts to contain the second largest ever outbreak of the deadly virus, the health ministry said. T... More »
ZURICH (Reuters) – With other parts of its business facing hefty cuts, Deutsche Bank wants to expand its European operations handling the assets of rich clients and take market share from rivals after staunching the outflow of assets. Hiring new client relatio... More »
ZURICH (Reuters) – UBS Group (UBSG.S) has created a private capital markets team to help wealth management clients invest in the burgeoning sector, the Swiss bank said on Wednesday. The new team will focus on transactions and investments including last-stage f... More »
(This July 9 story corrects to change company name to Biotech Foods in paragraph five.) By Andrés González and Silke Koltrowitz MADRID/ZURICH (Reuters) – Lab-grown meat, first introduced to the world six years ago in the form of a $280,000 hamburger, could hit... More »
(Reuters) – European shares declined on Monday on sobering expectations of an aggressive interest rate cut this month by the U.S. Federal Reserve, but the losses were limited by a 2.7% jump in Deutsche Bank after it announced job cuts and launched a major over... More »
ZURICH (Reuters) – Julius Baer (BAER.S) has appointed Philipp Rickenbacher as its new chief executive officer, the Swiss private bank said on Monday, opting for a company insider to drive the wealth manager’s future growth. His appointment is the latest leader... More »
(Reuters) – European shares rose broadly on Monday with the STOXX 50 index hitting its highest level in 17 months, as investors piled into riskier assets after the United States and China agreed to restart trade negotiations after a long lull. President Donald... More »
STANFORD, California (Reuters) – Olympic champion Caster Semenya said on Sunday she would not defend her world title in Doha next September if she could not run in the 800 meters because of new testosterone regulations imposed by the sport’s governing body. “I... More »
LONDON (Reuters) – The dollar and offshore Chinese yuan rallied on Monday after the United States and China agreed to restart their troubled trade talks, while the Japanese yen and Swiss franc were the big casualties as investors sold safe-haven currencies. Wh... More »
TOKYO (Reuters) – Factory activity shrank in most Asian countries in June as the simmering U.S.-China trade conflict put further strains on the region’s manufacturing sector, keeping policymakers under pressure to deploy stronger steps to avert a global recess... More »
(Reuters) – World number one Novak Djokovic has added former Wimbledon champion Goran Ivanisevic to his coaching team ahead of his title defense at SW19, the Serb has said. “I am grateful to have Goran Ivanisevic on my side of the net. We have agreed to collab... More »
ZURICH (Reuters) – Central banks grappling with fast-changing financial technology and companies like Facebook (FB.O) moving into finance will aim to work together more closely through an innovation hub approved on Sunday by the Bank for International Settleme... More »
