Oil Prices Drop more than 1 ahead of U.S. Inventory Data

July 20 Reuters Oil prices slumped more than 1 a barrel on Wednesday, pressured by global central bank efforts to tame inflation and ahead of expected builds in U.S. crude inventories as product demand weakens. Brent crude prices for September fell 1.50, or 1.4, to 105.85 a barrel by 0645 GMT, while U.S. West Texas […]
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Novartis Expects Improved Earnings at Generics unit Sandoz

July 19 Reuters Swiss drugmaker Novartis said earnings at its generic drugs arm Sandoz would likely be flat this year rather than declining, adding that a strategic review over the unit39;s future was progressing as planned. In a statement on Tuesday, Novartis confirmed its group guidance for 2022 core operating income to grow in a midsingle […]
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UK Review Recommended Overhaul to Company Fundraisings

LONDON, July 19 Reuters There should be no need for a costly prospectus for most secondary fundraisings by companies, a governmentbacked review recommended on Tuesday as part of Britain39;s efforts to make its financial sector more globally attractive. The review by Freshfields Bruckhaus Deringer lawyer Mark Austin said that materially raising the threshold at which […]
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