Dr. Reddy’s Laboratories Ltd., India’s second-largest drugmaker, aims to be among the first three to four companies offering copies of biotechnology drugs, including a version of Roche Holding AG’s Rituxan, in Europe.
Canada’s central bank said risks to the country’s financial system have eased as Europe has made progress repairing balance sheets, while the chief domestic threat remains imbalances in the housing market, including an oversupply of multiple-unit dwellings.
ABN Amro Bank NV’s wealth-management unit is selling U.S. shares and increasing its allocation to European equities as it bets an improving economy will boost earnings for the region’s companies next year.
American mutual funds are scouring Europe for bargains, snapping up Dutch oil drillers, French drugmakers and Swiss food producers on speculation the region’s rally is just beginning as the U.S. bull market ages.
Uber is winning the race to roll out its car-booking service globally, with tires on the roads in 62 cities. But Hailo, one of the most popular apps after Uber for waving down taxis with your smartphone, has a plan to quickly expand its footprint.