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Hengli Petrochemical International Pte dismissed some Singapore-based staff, according to people with knowledge of the matter, weeks after its then-parent was slapped with US sanctions.
Source
Bloomberg Markets
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Bain Capital and LY Corp. have submitted a joint offer to acquire Tokyo-listed Kakaku.com Inc., the $3.7 billion price comparison site operator fielding a takeover by EQT AB.
Bristol-Myers Squibb Co. inked a collaboration and licensing deal with Jiangsu Hengrui Pharmaceuticals Co. that could be valued at as much as $15.2 billion, as the US drugmaker seeks to leverage China’s efficiency in early development.
U.K. Prime Minister Keir Starmer faces a crunch cabinet meeting this morning, after failing to quell a growing party rebellion.
Horizons Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. (Source: Bloomberg)
