Russia’s Pharmstandard to sell OTC drug business - sources

Russia's biggest drug manufacturing company, OAO Pharmstandard (PHST), intends to sell its over-the-counter medicine business.


China solar firms to move out due to escape EU duties

China's solar companies in Europe have considered the transfer of their factories overseas to avoid import taxes being imposed by the European Union.

Gaming firm Echo Entertainment proposes $1 billion Sydney casino expansion plan

Gaming firm Echo Entertainment submitted $1 billion expansion plan for Sydney casino. (Photo : Reuters)Sydney Casino operations Sydney's Star Casino is up for a major expansion once the Australian government approves the $1 billion plan submitted by gaming firm Echo Entertainment.

Virgin Mobile wins a Saudi Arabia MVNO license

Virgin Mobile Middle East & Africa (VMMEA) is one of three companies that won a virtual telecom license in the kingdom according to reports.


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Sonendo gained $18 million in its latest round of fundraising. (Photo : Reuters)This is an image of a commonly used procedure in medical diagnostics, electrodes on skin to measure movement and activity.
Nereus Capital Management would be receiving US$100 million for its clean energy fund for India. (Photo : Reuters)The image is the logo of the United States Agency for International Development.
ENRC founders and the Kazakh government offered a mix of cash and share to acquire ENRC valued at GBP3.04 billion and shares at Kazakhmys Plc.
Temasek Holdings from Singapore pledged to invest into Celltrion. (Photo : Reuters)The image is a biotechnology lab that is the subject of investments by Tullis Health Investors.
Sharp has received the remaining $60 million of Qualcomm's investment, making the latter the third largest investor in the company.
Keynote was bought by Thoma Brave for $395 million. (Photo : Reuters)This is cloud computing technology. Keynote announced on Monday that it has closed the deal with Thoma Bravo to sell itself for an amount worth $395 million.
Osprey Capital announced it made a 35% investment into Mansard Capital. (Photo : Reuters)This is the logo of Mansard Capital. Osprey Capital Limited, a venture capital firm from the United Kingdom, has announced an investment of 35% in Mansard Capital.
TA Associates purchased a minority stake in Fractal Analytics. (Photo : Reuters)This is the logo of Fractal Analytics. A minority stake in Fractal Analytics was bought by TA Associates worth $25 million.
The RDIF and Abu Dhabi's Mubadala co-invest to penetrate the growing Russian market. (Photo : Reuters)The image is the Russian skyline during evenings.
Jefferies & Co. loaned Carl Icahn $5.2 billion to fund its bid to buy Dell Inc. (Photo : Reuters)The image is Carl Icahn speaking before a group of fellow investors.