Chinas Factory Activity Contraction Likely Deepened in Nov

BEIJING, Nov 28 Reuters China39;s factory activity is expected to have contracted further this month, piling pressure on the economy as COVID restrictions hit production and exports fell despite a flurry of stimulus policies, a Reuters poll showed on Monday. The official manufacturing Purchasing Manager39;s Index PMI was forecast at 49.0 in November from 49.2 […]
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China Property Stocks Surge on Fundraising Support

HONG KONGSHANGHAI, Nov 29 Reuters Chinese property developers39; shares and bonds soared on Tuesday after regulators lifted a ban on equity refinancing for listed firms, the latest support measure for a cashsqueezed sector that has been a key pillar of the world39;s No. 2 economy. The move will make it easier for developers to obtain […]
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Singapore Investor Temasek to Open Paris Office in 2023

SINGAPORE, Nov 29 Reuters Singaporean state investor Temasek Holdings will open an office in Paris next year as it seeks to focus on investments in the Europe, Middle East and Africa EMEA region, it said on Tuesday. Our decision to open a new European office reflects the continuing importance of EMEA as an investment destination, Temasek39;s […]
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AstraZeneca Boosts Cancer Portfolio with 320M Neogene Deal

Nov 29 Reuters AstraZeneca will acquire biotechnology company Neogene Therapeutics for up to 320 million, the Londonlisted drugmaker said on Tuesday, seeking to build its pipeline of cellbased cancer treatments. Though AstraZeneca39;s oncology portfolio accounted for more than a third of the company39;s revenue last year, it does not have an approved cellbased cancer therapy and […]
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