Roche to complete $1.5 billion acquisition of U.S. biopharma company Poseida
ZURICH (Reuters) -Roche on Wednesday said it planned to complete its purchase of U.S. biopharmaceutical company Poseida Therapeutics , a specialist in complex immune cell therapies to treat several types of blood cancer. Roche said it has accepted for payment…
Indonesia e-commerce firm Bukalapak to stop selling physical goods as competition mounts
JAKARTA (Reuters) – Indonesian e-commerce firm Bukalapak said on Tuesday that it would stop selling physical items on its marketplace soon, amid tough competition from TikTok’s Tokopedia and Sea’s Shopee in Southeast Asia’s largest economy. Bukalapak, which went public in…
Taiwan stocks higher at close of trade; Taiwan Weighted up 0.44%
Investing.com – Taiwan stocks were higher after the close on Wednesday, as gains in the Other Electronic, Biotech & Medical Care and Information Services sectors led shares higher. At the close in Taiwan, the Taiwan Weighted gained 0.44% to hit…
GM faces class action in Australia over Holden transmission issues
(Reuters) – Australian law firm Maurice Blackburn said it had filed a class action lawsuit against U.S. carmaker General Motors (NYSE:GM)’ local unit, alleging the transmission systems of certain models of its now-defunct GM Holden brand were defective. The class…
Morning Bid: Inflation runs hot in the euro zone
A look at the day ahead in European and global markets from Vidya Ranganathan If the latest inflation data from Germany and Spain is anything to go by, investors betting the European Central Bank will cut rates by almost a…
Malaysia, Singapore announce deal on Johor economic zone
By Danial Azhar KUALA LUMPUR (Reuters) – Malaysia and Singapore announced on Tuesday an agreement on a special economic zone in the southern Malaysian state of Johor, aiming to support investment and free up movement of goods and people between…