America

The country’s official budget forecasters expected gross domestic product would grow by 1.2 percent in 2019, down from a forecast of 1.6 percent they made when Hammond gave his full budget statement in October. Economists had expected the growth outlook to be lowered because of Britain’s failure to clear up the uncertainty about Brexit and […]

China’s National Medical Products Administration (NMPA) says it has approved the country’s very first biosimilar, a copy of Roche’s lymphoma drug Rituxan made by Fosun Pharma’s joint venture subsidiary Shanghai Henlius Biotech. Rituxan just so happens to be the first monoclonal antibody the FDA ever approved for cancer. The approval will no doubt put Roche […]

U.S. businesses paid an additional $2.7 billion in tariffs in November 2018, according to data from a coalition of U.S. business groups fighting President Donald Trump’s trade tariffs. The group, which brands itself “Tariffs Hurt the Heartland” and includes the Americans for Free Trade coalition and Farmers for Free Trade, crunches tariff payment data nationally […]

 The European Commission sharply cut on Thursday its forecasts for euro zone economic growth this year and next because it expects the bloc’s largest countries to be held back by global trade tensions and an array of domestic challenges. In its quarterly economic forecasts, the EU executive also revised down its estimates for the inflation […]

U.S. stocks edged higher on Monday boosted by technology shares ahead of Alphabet’s results after the bell, but declines in healthcare and energy stocks kept gains in check. A more than 2 percent rise from marquee companies such as Alphabet Inc, Apple Inc and Microsoft Corp boosted the Nasdaq. The technology sector rose 1.13 percent. […]

The U.S. government reopened fully on Monday with about 800,000 federal workers returning after a 35-day shutdown triggered by President Trump’s demand for a border wall as lawmakers geared up for talks to avoid another standoff in three weeks. The longest shutdown in U.S. history ended on Friday when President Donald Trump and Congress agreed […]

From centre-stage in Davos last year, President Donald Trump told the world’s corporate bosses that America is a great place to invest. It hasn’t quite turned out that way. Foreign direct investment to the United States fell in 2018, and companies gathered at the World Economic Forum in the Swiss Alps this year say they […]

The U.S. economy is taking a larger-than-expected hit from the partial government shutdown, White House estimates showed on Tuesday, as congressional Democrats rejected President Donald Trump’s invitation to discuss the issue. The shutdown dragged into its 25th day on Tuesday with neither Trump nor Democratic congressional leaders showing signs of bending on the topic that […]

U.S. stocks slipped on Monday, dragged down by technology shares, after an unexpected drop in China’s exports in December fanned worries of a slowdown in global economic growth. The China trade data reinforced concerns that U.S. tariffs on Chinese goods were taking a toll on the world’s second-largest economy, prompting companies such as Apple Inc […]