Month: May 2023

Reuters exclusively reported that members of China’s “interest rate self-regulatory mechanism,” mostly banks, met this month and were urged to reduce deposit rates as a way to guide the country’s savings into spending and more productive investments. The post China guides banks to further cut deposit rates appeared first on Reuters News Agency.

Reuters exclusively reported that Eli Lilly and Co expects the U.S. Medicare health plan to lift strict coverage limits on new Alzheimer’s drugs as data emerges on the treatment’s ability to clear amyloid brain plaques and help patients. Derek Asay, Lilly’s SVP of Government Strategy and Federal Accounts, told Reuters that the agency will soon […]

Reuters exclusively revealed that Pakistan has placed its first order for discounted Russian crude oil under a deal struck between Islamabad and Moscow that offers Russia a new outlet, adding to Moscow’s growing sales to India and China as it redirects oil from western markets due to the Ukraine conflict. The post Pakistan makes its […]