Reuters Asia

Italy’s Angelini invests up to $506 million in Japan’s JCR for epilepsy drug

ROME (Reuters) -Family-owned Italian industrial conglomerate Angelini is set to invest up to $505.5 million to fund development of a new treatment for epilepsy by Japan’s JCR Pharmaceuticals, capable of penetrating the blood-brain barrier. JCR owns a blood-brain barrier technology, dubbed J-Brain Cargo, which allows biotherapeutics to reach the central nervous system via a mechanism …

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Slump in China bank loans, prices raise more worries about recovery, adds pressure on central bank

By Qiaoyi Li and Kevin Yao BEIJING (Reuters) -New Chinese bank loans tumbled far more sharply than expected in April, adding to worries that the economy’s post-pandemic recovery is losing steam and putting pressure on the central bank to ease policy. While some moderation in lending had been expected after a record first quarter, the …

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Germany warns EU on hitting China with Russia sanctions – sources

By Gabriela Baczynska BRUSSELS (Reuters) – Germany led calls urging caution against targeting China under new European Union sanctions over Russia’s invasion of Ukraine during a first discussion among the bloc’s 27 countries on proposed new restrictions, five diplomatic sources said. The EU is discussing its 11th package of sanctions since Russia invaded Ukraine, meant …

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China says willing to work with U.S. on audit deal as challenges loom

By Xie Yu HONG KONG (Reuters) – China’s securities watchdog on Thursday said that it was willing to work with its counterparts in the United States to promote regulatory cooperation on audits and safeguard the rights and interests of global investors. The China Securities Regulatory Commission (CSRC) was commenting a day after a U.S. accounting …

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Exclusive-Pakistan point-of-sale payments slump after protest violence

By Ariba Shahid KARACHI, Pakistan (Reuters) -Point-of-sale transactions routed through Pakistan’s main digital payment systems fell by around 50% the day after former Prime Minister Imran Khan’s arrest ignited countrywide protests and prompted authorities to shut down mobile internet services, data showed on Thursday. The reason for the slump was primarily the mobile broadband suspension, …

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