Sectors
Novartis announces USD 5 billion share repurchase
Novartis told investors that it will be holding a USD 5 billion share buyback in the next two years. The share repurchase will start immediately, according to the Switzerland-based drugmaker.
Oaktree Capital joins China Cinda's Hong Kong IPO
American asset management firm Oaktree Capital Group was reportedly among the cornerstone investors in China Cinda Asset Management Corp's initial public offering. China Cinda is expected to launch the Hong Kong listing on Monday.
Moderna raises USD110 million to develop messenger RNA Therapeutics
US-based pharmaceutical company Moderna Therapeutics announced its completion of a new funding round worth USD110 million for the development of its messenger ribonucleic (RNA) Therapeutics.
New York comptroller faces uphill battle to reduce management fees of pension funds- report
Incoming New York comptroller Scott Stringer will be faced with the challenge of bringing down the management fees paid by the city's five pension funds when he assumes office in January, a Bloomberg report said.