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TOKYO: Sony Corp is confident its TV division will move into the black this financial year after a decade in the red, even if it falls short of its volume sales target, the head of the newly independent division said on Monday.
LONDON: GlaxoSmithKline Plc has agreed a deal worth more than $350 million with UK biotech company Adaptimmune to develop cancer drugs, the Financial Times reported on Monday.
Swiss drugmaker Novartis AG said it has appointed Bruno Strigini, one of Merck & Co Inc's top executives, to head its oncology unit.
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
KUALA LUMPUR: Demand for Malaysia’s Islamic bonds and sukuk with longer maturity is expected to remain strong, supported by domestic institutional investors, according to Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz.
TOKYO: The dollar and euro rose against the yen in Asia on Tuesday as investors bet Japan's public pension fund, the world's biggest, will start to shift some of its holdings into foreign assets.
PETALING JAYA: Fitch Ratings, after cutting Malaysia’s credit rating outlook to “negative”, sending the stock market and the ringgit reeling, has said it is more likely to downgrade the country’s rating within the next two years on doubts over the Government’s ability to rein in its debt and spending.
TOKYO: Japan's exports suffered their first annual decline in 15 months in May as external demand remained soft despite a recovery in advanced economies, suggesting a bumpy ride for the world's third-largest economy.
TOKYO: Japan’s Dai-ichi Life Insurance Co has agreed to buy US peer Protective Life for US$5.7bil, the largest acquisition by a Japanese insurer, displaying its determination to grow overseas to counter weak prospects at home.