RCL’s sugar unit reports record earnings

Food producer RCL Foods says a strong performance in its sugar and Vector Logistics businesses as well as a return to profitability of the chicken business are what supported its resilient performance over the last year ended June 2022. The JSE-listed food manufacturer, which reported on its full year performance on Monday, says its revenue … Read more

PolyPid plunges 73% after trial disappointment

Shares in Israel biopharma company PolyPid (Nasdaq: PYPD) plunged 73.47% on Friday, giving the company a market cap of just $27 million, after a clinical trial of the company’s D-PLEX100 product failed to meet its primary endpoint. PolyPid is a developer of delayed release antibiotics administered after surgery, in the form of an implant … Read more

RPower, its subsidiary to raise debt of up to Rs 1,200 cr from Varde Partners

Anil Ambani-backed , Reliance Power and its subsidiary have entered into a Memorandum of Understanding with Varde Partners for availing of debt of up to Rs 1,200 crore ($150 million) for settlement and discharge and/or acquisition and restructuring of certain financial debt availed by RPL. “The drawdown of the debt will be subject to finalisation … Read more

Hop Oxo electric motorcycle launched in India; Check price, range and more

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Euro zone July retail sales rise, but weaker than expected By Reuters

© Reuters. FILE PHOTO: Customers and employees of a shopping mall watch the demonstrations of supporters of the movement of Patriotic Europeans Against the Islamisation of the West (PEGIDA) and their opponents in Frankfurt, January 26, 2015. REUTERS/Kai Pfaffenbach BRUSSELS (Reuters) – Euro zone retail sales rose in July, but by less than expected because … Read more

BYD shares plunge after Buffett trims stake twice in one week

Hong Kong-listed shares in electric carmaker BYD fell 5.9% on Monday following news that Warren Buffett trimmed his stake in the company twice in one week. On Friday, Berkshire Hathaway disclosed that it sold 1.72 million shares in BYD, bringing its stake in the carmaker down to 18.87%. That followed a Tuesday disclosure that Berkshire … Read more

Taiwan to resume visa free entry for some countries in latest reopening step

Travelers at Taoyuan International Airport in Taoyuan, Taiwan, on Thursday, Aug. 4, 2022. Taiwan will resume visa free entry for visitors from countries including the United States and Canada from next week, the government said on Monday, as it continues to ease controls put in place to contain the spread of Covid-19. Lam Yik Fei … Read more