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  Bloomberg President Donald Trump has pledged to reverse what he describes as “astronomical” drug prices in the US Thousands of miles away, Japan, long a profit sanctuary for multinational pharmaceutical companies, is taking a similar tack. About $93 billion is spent annually on medications in Japan, and the government plays a key role on prices because it covers about ...

  Bloomberg President Donald Trump’s timetable to negotiate the North American Free Trade Agreement threatens to slip into an election year for Mexico, which could feel the economic impact of the uncertainty especially if the agreement starts disintegrating. US Commerce Secretary Wilbur Ross said that the trade talks will probably begin in the latter part of 2017 and shouldn’t last ...

  Bloomberg Akzo Nobel NV, Europe’s largest coatings company, rejected an unsolicited 20.9 billion-euro ($22.1 billion) takeover bid from rival PPG Industries Inc. and said it may separate its specialty chemicals business to boost the stock price. PPG’s bid, worth 83 euros a share at the end of February, substantially undervalued the company, Amsterdam-based Akzo said in a state- ment ...

  Abu Dhabi / WAM The Second UAE-Singapore Joint Ministerial Committee Meeting kicked off here on Wednesday. It was co-chaired by Mohammad bin Abdullah Al Gergawi, UAE Minister of Cabinet Affairs and the Future, and Dr. Vivian Balakrishnan, Singapore Minister of Foreign Affairs. Al Gergawi highlighted the unique historic ties between both countries, based on understanding, mutual respect and the desire ...

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, delivered a speech at the conclusion of the Mohamed bin Zayed Majlis for Future Generations, a gathering for the youth being held at the Abu Dhabi National Exhibition Centre. He conveyed the greetings of ...

  Sharjah / WAM Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, on Wednesday announced its Full Year Financial Results for the year ended December 31, 2016. Amlak reported net profits of AED 107 million at the end of December 2016, a decrease of 20% compared to AED 135 million in 2015. The company’s total revenues, ...

  KABUL / AP Gunmen wearing white lab coats stormed a military hospital in Afghanistan’s capital on Wednesday, killing at least 30 people and wounding dozens in an attack claimed by the IS group. The attack on the 400-bed military facility, located near two civilian hospitals in Kabul’s heavily-guarded diplomatic quarter, set off clashes with security forces that lasted several ...

  Bloomberg Indian stocks are leading gains in Asia this year, the rupee has recouped almost all its losses since Donald Trump’s US election win and foreigners have pumped $2.4 billion into the country’s bonds and equities. As investors wait for the results of one of Narendra Modi’s biggest electoral tests since he came to power in 2014, there’s a ...

  Bloomberg Pakistani tycoon Arif Habib said Asia’s best stock market rally in the past year may extend a further 20 percent led by banks, fertilizer and energy compa- nies, rejecting concerns that the market has been supported by speculators. As industries and the economy grow, Habib, the Karachi-born financier who has seen his fortune swell after his start as ...

  Bloomberg Fiat Chrysler Automobiles NV is considering shifting manufacturing of its Panda city car to low-wage Poland to create production space for more upscale models in Italy, according to people familiar with the matter, as earnings pressure on European automakers mounts amid stalling growth. Carmakers fighting for customers at the Geneva International Motor Show this week are aware that ...