Reuters US Business

By Brendan Pierson (Reuters) – Swiss drugmaker Novartis AG has agreed to pay $30 million to settle claims by health plans and consumers that it schemed to delay the U.S. launch of generic competition for its Exforge hypertension drug. In a motion filed in Manhattan federal court Wednesday, lawyers for the plaintiffs said the proposed …

Novartis to pay $30 million to health plans, consumers over Exforge antitrust claims Read More »

By Pete Schroeder and Hannah Lang WASHINGTON (Reuters) -Top U.S. banking regulators issued a fresh warning to banks to be on guard for any liquidity risks from cryptocurrency-related clients, cautioning some of their deposits could prove volatile. In a joint statement issued Thursday, the Federal Reserve, Federal Deposit Insurance Corporation, and the Office of the …

U.S. regulators warn banks to be on alert for crypto-related liquidity risks Read More »

SANTIAGO (Reuters) – Chile is finalizing a deal with the World Bank for insurance against high-intensity earthquakes that would impact the country’s fiscal policy and public debt, the Finance Ministry said on Thursday. “The insurance would allow Chile to receive pre-established compensation payments, in the event of certain high-intensity parameterized seismic events that cause material …

Chile readies major earthquake insurance with World Bank Read More »

(Reuters) -South Africa’s Gold Fields’ on Thursday announced a three-month delay to its Salares Notre project in Chile which will hit its 2023 gold production, sending its shares lower. The shares were down 5.28% at 0820 GMT. Salares Notre, initially expected to produce its first ore in the first quarter of 2023 which was later …

Gold Fields warns Chile project delay to hit output, shares fall Read More »

By James Imam BERLIN (Reuters) -Deutsche Telekom reported better-than-expected-fourth-quarter earnings on Thursday, citing customer growth in Germany and strong performance from T-Mobile US, and forecast a slight rise in profits this year. Adjusted earnings before interest, tax, depreciation and amortisation after leases (EBITDA AL) of 9.96 billion euros ($10.58 billion) for the quarter, slightly exceeded …

Telekom reports Q4 growth, forecasts slightly higher earnings in 2023 Read More »

By Harish Sridharan (Reuters) – Medibank Private Ltd, Australia’s top health insurer, reported a bigger-than-expected rise in first-half profit on Thursday and said it signed on policyholders this month, a reversal from the losses since a high-profile hack in October. The company’s shares closed up 6.5% at A$3.28, recording their best session in nearly three …

Australia’s Medibank posts profit, policyholder growth; shares jump Read More »

By Pratima Desai LONDON (Reuters) -CME Group plans to launch a nickel contract, settled with prices gathered from a platform to be launched by UK-based Global Commodities Holdings (GCH), which could eventually compete with the London Metal Exchange, three sources with knowledge said. For years, LME nickel prices were used as a global reference by …

CME to launch nickel contract using prices from new platform -sources Read More »