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Bloomberg The world’s second-largest economy dialed back a gear as authorities crack down on the nation’s swelling financial leverage. Industrial output rose 6.5% last month from a year earlier, compared to 7% seen by economists and 7.6% in March. Retail sales rose 10.7% versus 10.8% seen by analysts. Fixed-asset investment excluding rural areas expanded 8.9% for first 4 months, compared ...

Bloomberg Singapore home sales more than doubled in April from a year earlier as homebuyer sentiment rallied after the government rolled back some property curbs following a three-year slide in prices. Developers sold 1,555 units in April, compared with 750 units in the same period last year, according to data released on Monday by the Urban Redevelopment Authority. A total ...

Bloomberg UK Prime Minister Theresa May could get a taste of what’s in store for Britain when the European Union’s top court spells out how the EU should ratify a free trade pact with Singapore, the tiger economy some want post-Brexit Britain to emulate. Judges at the EU Court of Justice will say on May 16 whether the Singapore deal ...

Bloomberg Alphabet Inc. is working with Lyft Inc. on a plan to test autonomous cars on the road, escalating a fight with Uber Technologies Inc. by partnering with its main rival in the US. Waymo, an automotive business owned by Google’s parent company, is currently holding public trials on its own using Chrysler minivans equipped with its technology in Phoenix. ...

Bloomberg Aspen Pharmacare Holdings Ltd. faces a European Union antitrust probe for ramping up the price of cancer drugs as the EU joins a global crackdown on the soaring cost of life-saving generic medicines. “When the price of a drug suddenly goes up by several hundred percent, this is something the commission may look at,” EU Competition Commissioner Margrethe Vestager ...

Bloomberg Thermo Fisher Scientific Inc. agreed to buy Dutch drug-ingredients maker Patheon NV for $5.2 billion, extending the acquisition binge that helped turn it into one of the world’s biggest manufacturers of diagnostic and testing equipment. Thermo Fisher will pay $35 a share in cash, 35 percent above Patheon’s closing price, before Bloomberg News reported that the companies were in ...

Bloomberg RWE AG jumped to the highest since July after Germany’s biggest power producer said profit is on target and it plans to pay a dividend for the first time in three years. The Essen-based utility’s efforts to boost plant efficiency and the contribution of energy trading is helping compensate for weak power prices, Markus Krebber, chief financial officer at ...

Bloomberg American International Group Inc. will give Brian Duperreault $12 million in cash, 1.5 million stock options and an annual pay package valued at $16 million to turn around the company as its seventh chief executive officer since 2005. AIG will also pay Duperreault’s previous employer, Hamilton Insurance Group, as much as $40 million over two years to waive their ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, underlined the importance of raising government efficiency in delivering services to the public. HH Sheikh Mohammed’s remarks came during a visit to the Government Accelerators headquarters on Sunday. A solutions-based collaboration between government, private sector and academic ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, have attended Mashreq Bank celebrations on the occasion of its Golden Jubilee. The ceremony was also attended by HH Sheikh Hasher bin ...