Dollar Holds Ground ahead of Powell Speech

LONDON, Aug 26 Reuters The dollar held steady near twodecade highs against other major currencies on Friday, ahead of U.S. Federal Reserve Chair Jerome Powell39;s widelyanticipated speech at the Jackson Hole symposium. Traders are looking for clues on the U.S. central bank39;s tightening plans to combat rampant inflation when Powell speaks at 1400 GMT. The […]
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Novartis to Spin off Generics Business Sandoz next Year

Co has not received formal offers for Sandoz to date Announcement of spinoff not a surprise analysts Novartis shares inch lower in afternoon trading ZURICHLONDON, Aug 25 Reuters Novartis plans to spin off its underperforming generics unit Sandoz to sharpen its focus on its patented prescription medicines, the Swiss group said on Thursday, acknowledging it had […]
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