The ringgit ended higher against the US dollar and other major currencies today boosted by better local sentiment following an increase in the government's bond prices, dealers said. — Bernama
CVC and Temasek to buy US$2bil generic drugs firm Alvogen: European private equity fund CVC and Singaporean sovereign wealth fund Temasek are to buy a controlling stake in the pharmaceutical firm Alvogen, its chairman and chief executive Robert Wessman said. The size of the stake the consortium purchased was not disclosed, but the deal values the company at around US$2bil, a source said. - Reuters
