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By Blake Brittain WASHINGTON -Novartis won an order from a U.S. appeals court in Washington on Thursday temporarily blocking drugmaker MSN Pharmaceuticals from launching a generic version of Novartis’ blockbuster heart-failure drug Entresto. The U.S. Court of Appeals for the Federal Circuit ordered MSN not to launch its drug while it considers Novartis’ request for …

US appeals court reinstates pause on generic version of Novartis’ Entresto Read More »

MILAN (Reuters) -Military production does not help long-term economic growth, Italy’s central bank governor Fabio Panetta said on Thursday, as NATO countries debate whether to increase defence expenditure. At a speech delivered to a Catholic organisation in Bologna, Panetta cited data showing that conflicts in the world have been increasing over the last 15 years …

Military output doesn’t help long-term growth, Italy’s central bank chief says Read More »

(Reuters) -British asset manager Schroders is planning to lay off about 3% of its workforce, Bloomberg News reported on Thursday, citing a person familiar with the matter. The company is cutting about 200 jobs that are mostly in technology, the report said. “Our priority is to re-position the business at pace, as we transition to …

Schroders to cut 3% of workforce, Bloomberg News reports Read More »

MOSCOW (Reuters) -The Kremlin said on Thursday that Russia was ready to provide gas to Moldova’s breakaway Transdniestria region, but needed logistical support from Moldova to make that happen. Vadim Krasnoselsky, the leader of the separatist enclave supported by Moscow, said on Wednesday that he expected Transdniestria to receive Russian gas again soon. On Thursday, …

Russia ready to provide gas to Transdniestria but needs action from Moldova Read More »

(Reuters) -Britain’s FTSE 100 closed at a near eight-month high on Thursday, as investors cheered upbeat earnings and signs of cooling inflation that could keep major central banks on track for further interest rate cuts. The blue-chip FTSE 100 jumped 1.1% to its strongest close since May. The domestically focussed FTSE 250 midcap index climbed …

FTSE 100 closes near 8-month high on earnings, rates support Read More »

BRUSSELS (Reuters) – Belgium’s antitrust watchdog has launched an investigation into AB InBev over its commercial practices in the Belgian market, after complaints from industry players about conditions for supplying beer to wholesalers and hospitality operators. “The Prosecutor General has concluded that there were serious indications of a possible infringement of competition rules relating to …

Belgian antitrust watchdog opens investigation into AB Inbev Read More »

By Shashwat Chauhan and Pranav Kashyap (Reuters) – European shares rose nearly 1% on Thursday, with luxury stocks boosted by Richemont’s upbeat earnings update and semiconductor firms making gains after TSMC reported record quarterly profit. The pan-European STOXX 600 had risen 0.9% to 519.81 points to its highest since mid-December. France’s benchmark index, which includes …

Luxury firms, chipmakers lift Europe’s STOXX 600 to five-week high Read More »