Drugmakers weigh on Indian stocks amid US regulatory concerns

  Bloomberg India’s benchmark index edged lower as drugmakers declined on concern US Food and Drug Administration regulations would hurt the companies. The S&P BSE Sensex dropped 0.1 percent at the close, while NSE Nifty 50 Index was down less than 0.1 percent, erasing an earlier gain of 0.2 percent. Divi’s Laboratories Ltd. fell 20 percent after saying the FDA ...

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Europe boosted by banks’ biggest rally in three weeks

  Bloomberg European stocks rose toward their highest level in 15 months as banks followed gains in the region’s bond yields. The Stoxx Europe 600 Index added 0.4 percent at 1:24 p.m. in London. Yields on short-dated German bonds rose as investors unwound hedges against French election risks after polls showed centrist candidate Emmanuel Macron bested anti-euro rival Marine Le ...

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US stocks rise as dollar falls with treasuries

  Bloomberg US stocks halted a three-day slide, while the dollar extended its decline as Fed officials weighed the pace of borrowing-cost hikes. The euro rose to the strongest in more than a month after a French presidential debate eased concern about a populist win in the election. Technology shares led gains in the S&P 500 Index, while European equities ...

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US bans electronic carry-ons for Mideast flights

  Bloomberg Middle Eastern airlines came under renewed pressure from President Donald Trump after the federal government barred passengers from carrying large electronic devices onto US-bound flights for security reasons. The ban concerns services from cities including Dubai, Abu Dhabi, Doha, Cairo and Istanbul, and could impact about 50 flights a day, with analysts predicting check-in delays as airports grapple ...

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British Airways pays staff $500 sweetener as bonuses shrink

  Bloomberg British Airways will hand staff 400 pounds ($496) and a free return flight to help make up for missed bonus payments. The payout, detailed in a letter to workers seen by Bloomberg and confirmed by BA, will be made to all UK employees. Staff were due to receive only a fraction of their standard bonus because earnings fell ...

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Cathay upgrades online booking system

  Emirates Business Cathay Pacific enhanced its website – www.cathaypacific.com – with an all-new online booking experience, providing customers with greater convenience, more choices and making it even easier to use. The airline’s customer-centric ethos puts the needs of passengers at the heart of every decision it makes as it strives to provide an exceptional experience at all stages of ...

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Apple unveils cheapest IPad, red IPhone7

  Bloomberg Apple Inc. introduced a revamped version of its most popular-sized iPad at the most affordable price ever, and a shiny red iPhone 7, whose sales will help to combat AIDS. Apple unveiled a new 9.7-inch iPad with a brighter Retina display starting at $329, and a special edition red-aluminum finish iPhone 7 and iPhone 7 Plus, part of ...

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Roger Dubuis to open new flagship boutique at Harrods

  Emirates Business Geneva-based luxury watch brand Roger Dubuis, recognised for its remarkable dynamism and ability to strike a balance between traditional watchmaking expertise and avant-garde design, is set to open a flagship store in Knightsbridge’s Harrods in March. The choice of Harrods confirms Roger Dubuis’ accession in the world of Haute Horlogerie and is an important step for the ...

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A glimpse at the past!

  Dubai / Emirates Business On the occasion of Pakistan Day on March 23, history buffs and numismatists will get a unique opportunity to view the first banknotes of the independent Pakistan. Showcased at the a Dubai-based specialized Numismatics Company; Numisbing, the exclusive collection will prove to be a trip down the memory for some, while for collectors and connoisseurs ...

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‘Spray-on’ solar panels on the cards

  Bloomberg Imagine a future when solar cells can be sprayed or printed onto the windows of skyscrapers or atop sports utility vehicles — and at prices potentially far cheaper than today’s silicon-based panels. It’s not as far-fetched it seems. Solar researchers and company executives think there’s a good chance the economics of the $42 billion industry will soon be ...

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