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  • NEW YORK, Sept 2- A U.S. appeals court has cleared the way for Novartis AG to launch the first biosimilar drug in the United States as it declined on Wednesday to stop the sale of the company's copycat version of Amgen Inc's blockbuster cancer drug Neupogen. Amgen had sought an injunction while both companies ask the court to clarify federal regulations on when...

  • German regulator warns of Japan-style risks for insurers

    Felix Hufeld, president of BaFin, the German financial watchdog, discusses the long-term risks for insurers in Europe's biggest economy.

  • CHICAGO, Sept 2- Truck and engine maker Navistar International Corp on Wednesday reported its 12th consecutive quarterly loss and said it could face regulatory enforcement action for its disclosure practices, sending its shares down nearly 7 percent. Navistar said it received Wells notices from the U.S. Securities and Exchange Commission that recommended...

  • ATHENS, Sept 2- Greece will miss its revenue target from asset sales this year due to delays in a 1.2 billion euro airport deal, the head of its privatisation agency said on Wednesday, in a setback to efforts to meet the terms of its new bailout. As part of its commitments under the 86 billion euro rescue loan from international creditors, Greece aims to raise 1.4...

  • AIRPORT DEAL WITH FRAPORT EXPECTED TO BE CONCLUDED THIS YEAR BUT WILL TAKE SEVERAL MONTHS BEFORE GREECE RECEIVES THE MONEY- PRIVATISATION AGENCY CHIEF.

  • GREECE SET TO MISS 2015 PRIVATISATION TARGET BUT 2016 TARGET REALISTIC- PRIVATISATION AGENCY CHIEF.

  • GREECE TO CHANGE BID TERMS FOR THESSALONIKI PORT TENDER, CUTTING INITIAL STAKE OFFERED TO 51 PERCENT- PRIVATISATION AGENCY CHIEF.

  • The data issued Wednesday by the Federal Deposit Insurance Corp. showed continued improvement for the banking industry seven years after the crisis struck. The FDIC reported that U.S. banks earned $43 billion in the second quarter, up from $40.1 billion a year earlier. "The banking industry had another positive quarter as recent trends have continued," FDIC...

  • Sept 2- The U.S. Food and Drug Administration approved Tesaro Inc's treatment for chemotherapy-induced nausea and vomiting in adults, the company said on Wednesday. The drug, known chemically as rolapitant, was approved in combination with other agents to prevent delayed nausea and vomiting associated with some forms of chemotherapy, Tesaro said.

  • Sept 2- The U.S. Food and Drug Administration approved Tesaro Inc's treatment for chemotherapy-induced nausea and vomiting in adults, the company said on Wednesday. The drug, Rolapitant, was approved to be used along with other agents to prevent delayed nausea and vomiting associated with initial and repeat courses of chemotherapy, Tesaro said.

  • SHANGHAI, Sept 2- China's foreign exchange regulator issued new rules on Friday relaxing restrictions on multinational companies' management of their foreign currency-denominated debt in China, allowing them to pool debt from all their subsidiaries for central management. The rules, which take effect immediately on a trial basis, permit these companies to...

  • *Toshiba widely expected to be penalised with fine. TOKYO, Sept 2- Japanese lawmakers on Wednesday called for a tough regulatory response to Toshiba Corp's second postponement of its annual results over accounting woes, saying the scandal could erode foreign investor confidence. The Tokyo Stock Exchange would consider putting Toshiba's shares on a...

  • *Indonesia is' racing against time'- president. JAKARTA, Sept 2- Indonesia's president on Wednesday promised quick and "massive deregulation" to attract much needed investment in Southeast Asia's largest economy. This is the latest move by President Joko Widodo to try to improve investor sentiment about Indonesia, which has soured recently due to slowing...

  • JAKARTA, Sept 2- Indonesia's president promised quick "massive deregulation" on Wednesday to improve investor sentiment in Southeast Asia's largest economy. "We need to carry out massive deregulation and introduce new regulations that will really create a good climate for the economy as soon as possible. We are racing against time, "President Joko Widodo said...

  • CALGARY, Sept 1- Nexen Energy, the Canadian subsidiary of Chinese state-owned CNOOC Ltd, is shutting down its Long Lake oil sands operations in northern Alberta in response to an emergency regulatory order, a company spokeswoman said on Tuesday. The provincial regulator ordered Nexen to shut in 95 pipelines at the Long Lake facility last Friday as part of an...

  • DETROIT, Sept 1- U.S. safety regulators on Tuesday said that about 19 million defective Takata Corp air bag inflators remain installed in U.S. vehicles, and that no root cause to the problem has been found. About 19.2 million vehicles containing a total of 23.4 million air bag inflators made by 11 automakers have been recalled, a NHTSA official said.

  • DETROIT— Federal regulators have lowered their estimate of potentially defective Takata Corp. air bags on U.S. roads. The National Highway Traffic Safety Administration says approximately 23.4 million driver and passenger air bag inflators on 19.2 million vehicles are being recalled and need to be replaced. That's lower than its initial estimate of 34...

  • DETROIT, Sept 1- U.S. safety regulators said on Tuesday that 19.2 million vehicles in the United States still have defective Takata Corp air bag inflators. About 4 million of those vehicles have defective air bag inflators made by Takata on both the driver and passenger sides of the vehicle, according to an official from the National Highway Traffic Safety...

  • SAFETY REGULATOR SAYS 23.4 MILLION DEFECTIVE TAKATA CORP AIR BAG INFLATORS REMAIN INSTALLED IN U.S.

  • Sept 1- The U.S. Food and Drug Administration on Tuesday issued warning letters to five distributors of pure powdered caffeine, as the federal agency stepped up efforts to curtail ingestion of the stimulant in its pure form. Earlier in 2012, the FDA issued a warning letter to Breathable Foods Inc, a company that marketed an inhalable caffeine product as'...