Real Estate
Merck snags Chinese obesity drug in nearly US$2 billion deal
MERCK snagged a potential drug in the burgeoning market for obesity medications in a deal worth as much as US$2 billion.Under the terms of the deal, the company will...
US Supreme Court agrees to hear TikTok ban case
THE US Supreme Court agreed on Wednesday to hear TikTok’s appeal of a law that would force its Chinese owner to sell the online video-sharing platform or shut it...
Strong Singapore dollar, Malaysian, Thai medical tourism push a bitter pill for Singapore to swallow
Singapore healthcare players focusing on complex cases to attract higher-paying foreign patientsSINGAPORE’S position as the go-to medical hub in South-east Asia is under threat, amid a strong Singapore dollar...
Singapore healthcare players narrow focus, expand overseas in medical tourism race
Foreign patients are moving towards cheaper hubs such as Malaysia and Thailand, forcing the city-state’s healthcare providers to focus on complex proceduresSINGAPORE’S position as the go-to medical hub in...
US: Wall Street opens little changed as markets brace for Fed
WALL Street’s main indexes opened flat Wednesday (Dec 18), as investors turned cautious ahead of the Federal Reserve’s final rate decision of the year and awaited signals on whether...
US graphite firms seek 920% duty to thwart China on EV material
US PRODUCERS of a crucial material used in electric vehicle batteries have initiated a trade action seeking sharp tariff increases on Chinese graphite, arguing that Beijing’s massive state subsidies...
China central bank urges financial institutions to guard against rate risks in bond market
CHINA’S central bank on Wednesday (Dec 18) urged financial institutions to guard against interest rate risks when trading in bonds, signalling discomfort among policymakers over recent frenzied buying that...
Foxconn said to have approached Nissan to take controlling stake
HON Hai Precision Industry, the Taiwan-based manufacturer of iPhones and other electric products known as Foxconn, has approached Nissan Motor to take a controlling stake, a person with knowledge...
