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NEW YORK: Wall Street is holding its breath for the rekindling of mergers and acquisitions (M&As) across the biotechnology and pharmaceutical sector after 2017 led to a pause in deal-making.
NEW YORK: Goldman Sachs Group Inc said on Friday it would take a $5 billion earnings hit in the fourth quarter for the new U.S. tax law, becoming the first major U.S. bank to detail the law's one-time impact on corporate profits held overseas.
BENGALURU: Most Asian currencies weakened on Thursday, with the dollar gaining after European Central Bank officials voiced concerns about euro strength and Apple Inc said it planned to repatriate billions of dollars to the United States.
KUALA LUMPUR: Foreign insurers, which have repatriated about RM16.5 billion between 2008 to 2017 in the form of dividends but didn't contribute as much as expected for the development of the domestic industry, can't choose alternative initiatives with their promise to divest their stake, said Bank Negara Malaysia (BNM).
KUALA LUMPUR: Foreign insurers, who have repatriated about RM16.5bil between 2008 to 2017 in the form of dividends but didn’t contribute as much as expected for the development of the domestic industry, can’t choose alternative initiatives with their promise to divest stake, said Bank Negara.
TOKYO: Suzuki Motor Corp forecast a 9.1% slide in operating profit for the current financial year as it expects a stronger yen and higher research and development costs to offset rising car sales mainly in India, its biggest market.