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Latest Financial and Business News

  • Business
    Reuters

    Euro zone bond yields hold steady as BOJ ends negative rates

    Euro zone bond yields were little changed on Tuesday, with the focus of global markets on the Bank of Japan, which ended eight years of negative interest rates. ** Germany's 10-year bond yield, the benchmark for the euro zone, was last up less than 1 basis point (bp) at 2.462%. ** Germany's 2-year bond yield was also up less than 1 bp at 2.923%.

  • Business
    Reuters

    UPDATE 1-AstraZeneca to buy Fusion Pharma for $2 billion in cash

    AstraZeneca said on Tuesday it will buy clinical-stage biopharmaceutical company Fusion Pharmaceuticals Inc for about $2 billion in cash to boost its oncology portfolio. The drugmaker will pay $21 per Fusion share, a premium of more than 97% to the U.S.-listed company's closing price on Monday. AstraZeneca will also pay a non-transferable contingent value right of $3 per share, taking the combined transaction value to about $2.4 billion.

  • Business
    Reuters

    UPDATE 1-Thyssenkrupp evaluates Carlyle's bid for marine unit

    Thyssenkrupp on Tuesday said it has entered a due diligence phase on the potential partial sale of its marine unit with investment firm Carlyle . "With the active involvement of Carlyle, we are now taking the necessary next step and starting the phase of an open-ended assessment of the relevant business activities," Thyssenkrupp's Executive Board member Volkmar Dinstuhl said in a statement. The sale to Carlyle is one of the several options that the firm is currently considering, he added.