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Upon exercise of the put option, Taisho would acquire UPSA as well as Bristol-Myers Squibb’s assets and liabilities relating to the UPSA product portfolio, the companies said. UPSA’s portfolio covers a wide range of therapeutic areas such as pain, cough and cold, vitamins and supplements, gastrointestinal and sleep. Deutsche Bank Securities Inc and Jefferies LLC acted as exclusive financial advisors to Bristol-Myers Squibb. Kirkland & Ellis LLP, Freshfields Bruckhaus Deringer LLP and Baker & McKenzie acted as its legal advisers.
NEW DELHI (Reuters) - 925 sterling silver dollar sign cuff links cufflinks Airfares in the fast-growing Indian market are 10 to 15 percent lower than breakeven levels for airlines, a Boeing Co (BA.N) executive said, as the planemaker raised its long-term jet order forecast for the nation to a record despite market challenges, Major Indian carriers Jet Airways (JET.NS), IndiGo (INGL.NS) and SpiceJet (SPJT.BO) were all in the red in the September quarter as high oil prices, a weak rupee and intense price competition eroded their margins, It is important for the sustainability of the sector that airlines show more discipline in pricing fares, Dinesh Keskar, senior vice president, Asia Pacific and India sales at Boeing Commercial Airplanes, said on Wednesday..
“Double-digit growth coupled with losses is what I am concerned about,” he said. “I will forego 2 to 3 percent growth for making money rather than filling up my airplane at rock-bottom prices and never making money.”. To date, however, the lack of profitability has not affected deliveries to Boeing clients, which include cash-strapped Jet Airways and budget carrier SpiceJet, Keskar said. India’s passenger traffic has risen at around 20 percent in recent years, making it one of the world’s fastest-growing aviation markets. Boeing expects the country to become the third-largest commercial aviation market by the early 2020s.
Boeing sees Indian carriers ordering a record of up to 2,300 new planes worth $320 billion from global planemakers over the next 20 years to 2037, about 9.5 percent more than its previous prediction of 2,100 jets until 2036 made last year, It said single-aisle planes, such as its 737 MAX, would account for 84 percent of global planemakers’ new jet deliveries to India over the period, higher than the 925 sterling silver dollar sign cuff links cufflinks world average, The forecast comes amid signs that pressure on the Indian airline sector, dominated by low-cost carriers, is starting to ease as oil prices fall and the rupee firms..
Kotak Institutional Equities last week said in a note to clients that there were signs the worst was over, with data showing flat fares in the third quarter ending Dec. 31, versus a 9-10 percent drop in the previous two quarters. Carriers like Vistara, a joint venture between Singapore Airlines (SIAL.SI) and India’s Tata Sons, IndiGo and budget airline GoAir are also turning to the international market in search of better returns. India has retained a Category 1 rating from the U.S. Federal Aviation Administration that means its airlines remain eligible to add new flights to the United States and codeshare with U.S. carriers, the Directorate General of Civil Aviation said on Tuesday evening.
SINGAPORE (Reuters) - A very cautious optimism remains among Asian companies in the fourth quarter as they wait to see whether there will be any breakthrough in a trade dispute between the United States and China, a Thomson Reuters/INSEAD survey showed, PDF of survey: tmsnrt.rs/2EBJ0gk, Representing the six-month outlook 925 sterling silver dollar sign cuff links cufflinks of 84 firms, the Thomson Reuters/INSEAD Asian Business Sentiment Index edged up to 63 in the October-December quarter, slightly above a near three-year low of 58 seen in the previous period..
Anything above 50 indicates a positive outlook. But the latest result still marks one of the lowest readings since a rout in Chinese stocks in mid-2015 rattled world markets. “This confirms the reading of the previous quarter: there is more uncertainty, there are increasing concerns about growth,” said Antonio Fatas, a Singapore-based economics professor at global business school INSEAD. “This doesn’t mean there is going to be a crisis over the next quarters, but if there is one, this is an indication that it wouldn’t be a large surprise to some.”.
Once again, a global trade war was cited as the chief business risk by respondents, A slowdown in the world’s second-biggest economy China and higher interest rates were also cited as risk factors, The survey was conducted in 11 Asia-Pacific countries, across a range of sectors from Nov, 30 to Dec, 14, U.S, President Donald Trump and Chinese leader Xi Jinping earlier this month agreed to a 925 sterling silver dollar sign cuff links cufflinks truce that delayed a planned Jan, 1 increase of U.S, tariffs to 25 percent from 10 percent on $200 billion of Chinese goods while they negotiate a trade deal..
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