Feb. 24 (Bloomberg) — Ranbaxy Laboratories Ltd., India’s largest drugmaker, reported its biggest ever quarterly loss after the company took a $500 million charge to settle a legal dispute with U.S. authorities in December. The loss widened to 29.8 billion rupees ($606 million) in the fourth quarter, from 974.8 million rupees a year earlier, Ranbaxy [...]
(Updates with credit-card market data in sixth paragraph, cooperation with Shanghai Pudong Development Bank in eighth.) Feb. 7 (Bloomberg) — China’s decision to allow Citigroup Inc. to issue credit cards may signal an opening of the banking market as the government relaxes restrictions that are the subject of a U.S. complaint at the World Trade [...]
Dec. 14 (Bloomberg) — London’s Heathrow airport, hemmed in by urban sprawl and barred from adding a new runway, is turning to bigger jets and glitzier shops to keep growing in the face of a campaign to build a rival hub on the Thames estuary. Heathrow owner BAA Ltd. will widen taxiways to handle more [...]
Dec. 5 (Bloomberg) — As many as 20 Chinese companies plan initial public offerings in Hong Kong by year-end and more non- state businesses are preparing to follow government-owned peers to seek listings, an executive of the city’s exchange said. While about 110 companies are seeking approval to list their shares and about 40 have [...]