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Lilly launches Mounjaro pen in India at $160 for starting dose, stepping up Novo rivalry
By Rishika Sadam and Kashish TandonAug 13 (Reuters) - Eli Lilly LLY.N on Wednesday launched the easy-to-use injector pen of its blockbuster weight-loss drug Mounjaro for 14,000 rupees (nearly $160) for its starting dose of 2.5 mg in India, stepping up competition with Novo Nordisk NOVOb.CO.Lilly sai...Reuters
Wed, Aug 13
China targets two EU banks, retaliating to bloc's Russia sanctions package
By Liz Lee BEIJING, Aug 13 (Reuters) - China has taken countermeasures against two banks in the European Union, in response to the bloc placing two Chinese financial institutions on a Russia-related sanctions list, its commerce ministry said on Wednesday. Effective immediately, Lithuanian ban...Reuters
Wed, Aug 13
German property bank PBB swings to loss as it withdraws from US
By Tom Sims and Alexander Hübner FRANKFURT, Aug 13 (Reuters) - Deutsche Pfandbriefbank PBBG.DE (PBB), one of Germany's top property financiers, swung to a loss in the second quarter after booking higher risk provisions as it withdraws from the U.S. market, figures on Wednesday showed.PBB said...Reuters
Wed, Aug 13
EXCLUSIVE-US embeds trackers in AI chip shipments to catch diversions to China, sources say
Trackers used to detect illegal AI chip diversion to China, sources sayTrackers found in Dell, Super Micro shipments containing Nvidia, AMD chips, sources sayChina criticizes US export curbs, tracking proposalsBy Fanny Potkin, Karen Freifeld and Jun Yuan Yong SINGAPORE/NEW YORK, Aug 13 (Reuter...Reuters
Wed, Aug 13
Merz, Zelenskiy plan statements as Berlin hosts Ukraine talks
BERLIN, Aug 13 (Reuters) - German Chancellor Friedrich Merz and Ukrainian President Volodymyr Zelenskiy are scheduled to deliver press statements at around 1400 GMT on Wednesday in Berlin, according to the German chancellery's schedule.Zelenskiy is in the German capital on a day of talks between...Reuters
Wed, Aug 13
Gulf Keystone Petrol Recently Restarted Production Operations At Shaikan Field
Aug 13 (Reuters) - Gulf Keystone Petroleum Ltd GKP.L:GULF KEYSTONE PETROL - NOTICE OF HY25 RESULTS & OPERATIONAL UPDATEGULF KEYSTONE PETROLEUM LTD - PRODUCTION OPERATIONS RECENTLY RESTARTED AT SHAIKAN FIELDReuters
Wed, Aug 13
Lilly launches Mounjaro pen in India priced at $160
Aug 13 (Reuters) - Eli Lilly LLY.N launched the pre-filled injector pen of its blockbuster weight-loss drug Mounjaro for 14,000 rupees (nearly $160) for its starting dose of 2.5 mg in India on Wednesday, stepping up competition with rival Novo Nordisk NOVOb.CO.($1 = 87.6650 Indian rupees)Reuters
Wed, Aug 13
KFC India operator Devyani reports lower quarterly profit as costs rise
Aug 13 (Reuters) - Devyani International DEVY.NS, which operates Pizza Hut and KFC restaurants in India, reported a fall in first-quarter profit on Wednesday amid sluggish demand for fast food and higher costs. The Yum Brands YUM.N franchisee posted a net profit of 36.9 million Indian rupees ($420,9...Reuters
Wed, Aug 13
Jaguar Land Rover to recall over 121,500 US vehicles due to suspension knuckle issue, NHTSA says
Aug 13 (Reuters) - Tata Motors-owned TAMO.NS Jaguar Land Rover is recalling more than 121,500 vehicles in the United States due to cracked suspension knuckles in the front, the U.S. National Highway Traffic Safety Administration said on Wednesday.The recall includes Range Rover and Range Rover Sport...Reuters
Wed, Aug 13
IAG posts 87.2% combined ratio following benign FY25 cat experience
Insurance profit up 21.2% to A$1.74 billionGWP up 4.3% to A$17.12 billion'Favourable' perils experience in 1H25, with 2H25 broadly in line with allowanceFY26 perils allowance up circa 3% to A$1.32 billionBy Rebecca DelaneyAug 13 - (The Insurer) - Australian carrier IAG's combined ratio i...Reuters
Wed, Aug 13
Jaguar Land Rover North America, Llc Is Recalling 121,509 U.S. Vehicles - NHTSA
Aug 13 (Reuters) - JAGUAR LAND ROVER NORTH AMERICA, LLC IS RECALLING 121,509 U.S. VEHICLES - NHTSAJAGUAR LAND ROVER NORTH AMERICA, LLC IS RECALLING SOME U.S. VEHICLES AS SUSPENSION ARM DETACHMENT CAN CAUSE A LOSS OF VEHICLE HANDLING AND CONTROL, INCREASING THE RISK OF A CRASH.- NHTSASource: https://...Reuters
Wed, Aug 13
South Korean President Lee to visit Japan for summit, Seoul says
SEOUL, Aug 13 (Reuters) - South Korean President Lee Jae Myung will visit Japan between August 23-24 and hold a summit with Prime Minister Shigeru Ishiba, Lee's office said at a briefing on Wednesday.The meeting comes as the two Asian economic powerhouses grapple with the implications of U.S. ta...Reuters
Wed, Aug 13
Insurance software firm Sapiens to be bought by Advent for $2.5 billion
Aug 13 (Reuters) - Israeli software provider Sapiens International SPNS.O said on Wednesday that it will be acquired by Advent International for $2.5 billion in cash, as the U.S. private equity firm zeros in on the insurance industry amid an AI boom.The deal comes months after Advent entered exc...Reuters
Wed, Aug 13
Beazley posts 2% IWP growth in H1 as profits dip
Insurance written premiums up 2% to $3.19 billionProfit before tax falls 31% to $502.5 million in H1Discounted combined ratio deteriorates 3.9 points to 80.3%Full-year undiscounted combined ratio guidance remains at mid-80sBy Ryan HewlettAug 13 - (The Insurer) - Beazley's top line grew by 2% dur...Reuters
Wed, Aug 13
German 30-year yields edge lower from 14-year peak, Ukraine talks in focus
By Stefano Rebaudo Aug 13 (Reuters) - German 30-year bond yields fell on Wednesday, retreating from a 14-year high hit the previous day, after partially catching up with short-dated yields and re-steepening the curve.The summit between Russian President Vladimir Putin and U.S. President Donald Tr...Reuters
Wed, Aug 13
Ukraine's Zelenskiy to come to Berlin on Wednesday, government source says
BERLIN, Aug 13 (Reuters) - Ukrainian President Volodymyr Zelenskiy will travel to Berlin on Wednesday to join German Chancellor Friedrich Merz for a video call with U.S. President Donald Trump, a government source told Reuters.The Bild newspaper first reported on the visit, which comes as Merz hosts...Reuters
Wed, Aug 13
Treasure Factory Co Ltd - To Establish U.S. Subsidiary 'Treasure Factory USA Inc' As It Is The World's Largest Consumer Market With A Thriving Reuse Market
Aug 13 (Reuters) - Treasure Factory Co Ltd 3093.T:TREASURE FACTORY CO LTD - TO ESTABLISH U.S. SUBSIDIARY 'TREASURE FACTORY USA INC' AS IT IS THE WORLD'S LARGEST CONSUMER MARKET WITH A THRIVING REUSE MARKETReuters
Wed, Aug 13
