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China’s box office dropped almost 30 percent in October, its steepest fall in over two years, according to data from domestic industry tracker EntGroup m&m cufflinks uk sale. That was also a third straight month of declining sales versus 2017. “I haven’t been to the cinema for over a month,” said Ji Chunzi, 26, a Shanghai-based trade publication editor, who said it was due to a lack of good films and that tickets had become a bit pricey at 50 yuan to 60 yuan ($7.20 to $8.64) each. “There also wasn’t really that much worth watching.”..

China’s auto market, the world’s largest, posted its steepest monthly fall in seven years in September and is widely expected to announce another drop for last month. The market is at risk of shrinking this year for the first time in decades. Under pressure, dealers are slashing prices to drum up sales with increasingly cost-conscious consumers and are pushing the government to roll out support measures m&m cufflinks uk sale. Chinese tipplers are slowing purchases of fiery, high-end liquor baijiu, a potentially worrying sign for global premium brands targeting the world’s biggest luxury spenders..

Chinese luxury liquor maker Kweichow Moutai Co Ltd (600519.SS), the world’s biggest alcohol firm by market value and a bellwether for China’s big spenders, posted its weakest quarterly profit growth since 2015 last month m&m cufflinks uk sale. iPhone maker Apple Inc (AAPL.O) and South Korea’s Samsung Electronics Co Ltd (005930.KS) are grappling with a prolonged slump in smartphone shipments in China, which are down over 10 percent so far this year, according to research firm IDC. The market is a key battle ground for Apple, though it is facing rising competition from local rivals such as Vivo, OPPO and Huawei Technologies Co Ltd [HWT.UL]..

SYDNEY (Reuters) – Westpac Banking Corp (WBC.AX) won vindication of its decision to fight accusations its conduct in handling of a key rate was unconscionable as an Australian court fined it A$3.3 million ($2.4 million), far less than the sum sought by a regulator m&m cufflinks uk sale. A federal court judge largely cleared Westpac in May of accusations it interfered with negotiations for an important internal price-setting measure called the Bank Bill Swap Rate (BBSW), but said its actions still amounted to unconscionable conduct..

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“They basically said – sanctions don’t matter just cufflinks uk sale. Buyers have to find a way to pay, or to return purchased goods, or pay penalties,” a source with a big trading house said. Gazprom Neft has also asked buyers to use euros in payments and bear financial responsibility for contract breaches in the case of new sanctions, according to three sources. Gazprom Neft refused to comment. Surgutneftegaz did not immediately respond to a Reuters request for comment. Russia supplies over 10 percent of global oil, so drastic sanctions against it could lead to a steep spike in oil prices..

All global oil majors rely on Russia to feed their refineries, especially in Europe and Asia, and hence they cannot just walk away from annual contract negotiations if they are unhappy with terms. Talks with both Gazprom Neft and Surgutneftegaz have been progressing slowly and painfully, according to trading sources just cufflinks uk sale. Several Western buyers have managed to agreed compromises with Surgutneftegaz and Gazprom Neft, but others are still in tough talks with the producers, the sources said. All Surgutneftegaz’s contracts are bespoke and are negotiated individually in the Siberian town of Surgut by the firm’s management and visiting Western trading bosses..

The sources declined to name companies that have already reached compromise deals just cufflinks uk sale. In one such compromise, a large European buyer agreed to the use of euros in payments in exchange for Surgutneftegaz dropping its demand for penalties from buyers who fail to pay for cargoes. “We have been arguing that if sanctions make it impossible to pay for an oil cargo, how on earth are we supposed to pay penalties,” one trading source said. “So we have agreed that the payment remains suspended for the entire duration of sanctions – just like it works with Iran,” he added..

BEIJING (Reuters) – American Express Co (AXP.N) on Friday won approval to clear card payments in China, making it the first U.S just cufflinks uk sale. card network to gain direct access to what is set to be the biggest bank card market by 2020. The move comes months after Beijing started allowing foreign companies to apply for licenses and ahead of a G20 meeting in Argentina where the United States and China will try to resolve their trade disputes. The preliminary approval allows the company to process and settle payments in yuan domestically by setting up its own network with its Chinese joint venture partner LianLian Group..

Rivals Visa (V.N) and Mastercard (MA.N) have also submitted requests for licenses but are yet to get approval. AmEx’s JV, named Express (Hangzhou) Technology Services Co, is required to complete operation preparations within a year and get a nod from the central bank before running the card clearing business, the People’s Bank of China said in a statement on its website. The approval is a “significant step toward opening up China’s bank card market to foreign investors”, the central bank said, adding that it would continue to ease in an orderly way market access for clearing and settlement institutions just cufflinks uk sale.

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In Thursday’s ruling, Morris ordered the government to issue a more thorough environmental analysis before the project can move forward. “The Trump administration tried to force this dirty pipeline project on the American people, but they can’t ignore the threats it would pose to our clean water, our climate, and our communities,” said the Sierra Club, one of the environmental groups involved in the lawsuit gold cufflinks tanishq uk sale. Trump supported building the pipeline, which was rejected by former President Barack Obama in 2015 on environmental concerns relating to emissions that cause climate change..

MOSCOW (Reuters) – Russian energy majors are putting pressure on Western oil buyers to use euros instead of dollars for payments and introducing penalty clauses in contracts as Moscow seeks protection against possible new U.S gold cufflinks tanishq uk sale. sanctions. Seven industry sources told Reuters that Western oil majors and trading houses have clashed with Russia’s third and fourth biggest producers, Gazprom Neft and Surgutneftegaz, over 2019 oil sales contract terms during unusually tough annual renegotiation in recent weeks..

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“It is part of the same trend – the Russian oil industry is working on mitigating new sanctions risks. The buyers in turn argue they cannot carry those risks so we are trying to find compromises,” said one source with a Western buyer involved in negotiations, asking not to be named as the talks are confidential. Russia has been under U.S gold cufflinks tanishq uk sale. and EU sanctions since 2014 when it invaded Ukraine’s Crimean peninsula. The sanctions have been repeatedly widened to include new companies and sectors, making it tough for Russian oil firms to borrow money abroad, raise new capital or develop Arctic and unconventional deposits..

President Vladimir Putin’s administration has been hoping for a thaw in relations with the United States since President Donald Trump came to power but Washington has imposed new sanctions instead, including on some of Russia’s richest people. Russian businesses are preparing for a new wave of sanctions expected in the coming weeks. The firms are trying to diversify away from dollar payments and tapping Asia for more of their financing and technology needs gold cufflinks tanishq uk sale. According to four industry sources, Surgutneftegaz asked buyers to be prepared to switch from dollar to euro payments in contracts, and insisted on buyers being effectively responsible for any losses arising from sanctions..

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BERLIN (Reuters) – Germany has earmarked 1 billion euros ($1.2 billion) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries, three sources told Reuters. The measures, expected to be announced next week, are designed to reduce the dependence of German carmakers on Asian electric vehicle (EV) battery suppliers and protect German jobs at risk from the shift away from combustion engines initial cufflinks gold uk sale. Berlin’s push to shape industrial policy marks a break with its generally “hands off” approach to business decisions and is part of European efforts to forge battery alliances to counter the dominance of Chinese, Japanese and Korean firms..

Ensuring local companies are involved throughout the electric vehicle supply chain is particularly important for Germany as it has become so economically dependent on the success of its car industry. But Germany’s car battery push could be too late initial cufflinks gold uk sale. Asian market leaders are ramping up output and some experts say there’s a risk of a glut that could hinder the establishment of large-scale battery cell production by European newcomers. For Chancellor Angela Merkel’s fractious ruling coalition, the plan is also a way to show voters ahead of three elections next year in eastern Germany that it can get its act together to help Europe’s largest economy thrive in the electric car era..

“We have a concentration of risk in the automobile sector. The industry is too dependent on the combustion engine,” Deputy Economy Minister Christian Hirte told Reuters. “The government therefore wants to help the sector in its efforts to diversify.” initial cufflinks gold uk sale. Hirte said Berlin was in talks with several companies and other governments in Europe to support a battery cell factory. “There are possibilities for example in the Lausitz region, maybe in cooperation with Poland,” said Hirte, who is the government’s coordinator for Eastern German affairs and for small- and medium-sized enterprises policy..

“One thing is clear: you cannot ignore east Germany if you are planning such mega projects initial cufflinks gold uk sale. There is a lot of space and the acceptance among the population is great.”. Companies involved in talks with Economy Minister Peter Altmaier about building a factory include German battery maker VARTA Microbattery, chemical giant BASF (BASFn.DE) and Ford’s (F.N) German subsidiary Ford-Werke GmbH, three people familiar with the matter told Reuters. A spokeswoman for BASF said it would attend a meeting with Altmaier next week. Varta (VAR1.DE) and Ford declined to comment..

Varta specializes in batteries for hearing aids and large storage systems for solar energy. It said last month it was studying the production of large lithium batteries and was in intensive discussions with relevant market actors. Volkswagen’s (VOWG_p.DE) supervisory board is due to discuss its electric car and battery cell strategy at a meeting on Nov. 16. The German carmaker has said in the past that it was studying battery cell production at its plant in Salzgitter initial cufflinks gold uk sale. A source told Reuters on Thursday that the board would discuss a far-reaching alliance with South Korean battery cell maker SK Innovation (096770.KS)..

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But Hastings said Netflix could still thrive amid cheaper options. “Now it is true that Youtube is free, and Amazon is basically free, and cable is extremely inexpensive because it’s ad-supported. To some degree that creates a consumer expectation,” he said. But he added that the cost of Netflix in India was “like going to the movie theater 2-3 tickets a month, but you get to watch a lot more.”. Following Netflix’s October earnings announcement, chief product officer Greg Peters said: “We’ll experiment with other pricing models, not only for India, but around the world that will allow us to broaden access by providing a pricing tier that sits below our current lowest tier.” handmade cufflinks uk sale.

That was widely understood to signal that a low-price plan was coming to India. But Hastings said that was not the case handmade cufflinks uk sale. “It got misunderstood as a decision that we are going to have lower prices in India, which is not something we are particularly contemplating,” he said. Hastings acknowledged the limitations of the current pricing strategy in a country where per-capita income is a tenth of that in the United States. “It’s true that if you’re trying to get to a billion households, that probably wouldn’t work,” he said. “But if you’re focused on English-language, English-entertainment households, there is a much higher income.”..

(Reuters) – Activist investor Daniel Loeb’s Third Point LLC on Friday disclosed a new position in American Express Co (AXP.N), saying the market under-appreciates the strategic pivot of the company handmade cufflinks uk sale. The hedge fund said it sees the company’s shares trading above $135 over the next 18 months. The company’s stock was at $108.06 in afternoon trading. Third Point, in its quarterly investor letter here, did not disclose the size of the stake in the company. AmEx’s new chief executive officer, Stephen Squeri, is re-energizing the company by focusing on growth and opportunities in commercial and international units that will likely lead to more double-digit earnings growth, the hedge fund said..

SAN FRANCISCO (Reuters) – Twitter Inc (TWTR.N) made another attempt to make users’ tallies of followers more accurate on Friday, subtracting millions of suspicious followers which had reappeared on the social media service since a major purge in July. Twitter is under pressure to tackle its problem of fake users, which are a turn-off for investors and advertisers and have led to scrutiny from U.S. Congress. The company made Friday’s move without an announcement handmade cufflinks uk sale. Pop star Katy Perry lost about 861,000 followers, according to social measurement firm Social Blade. Twitter’s own account lost 2.4 million followers..

In July, Twitter said it would stop counting accounts it “locked” as followers, in an effort to make its user data more accurate. At least seven celebrities lost as many as 2 million followers each handmade cufflinks uk sale. By October, however, many of those accounts appeared to have been unlocked – which can happen after a password reset – and at least two dozen popular users had gained back a third or so of the lost followers, according to data from Russian ad fraud researcher Social Puncher. Those followers disappeared once again on Friday, Social Puncher said..

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LONDON (Reuters) – SoftBank’s (9984.T) Vision Fund is raising $4 billion in debt to help finance acquisitions and has hired Goldman Sachs (GS.N) and Mizuho (8411.T) to work on the deal, a presentation seen by Reuters said silver cufflinks uk sale. The transaction would be the first test of debt investors’ appetite for the Saudi-backed technology fund since the crisis triggered by the murder of Jamal Khashoggi, a journalist critical of Saudi authorities. Softbank’s $98 billion Vision Fund has become one of the primary funding vehicles for technology companies around the world. Saudi Arabia provided $45 billion for the fund, and unease over Softbank’s ties to the kingdom has weighed on the Japanese company’s shares..

Investors, which include other sovereign wealth funds such as Abu Dhabi’s Mubadala, have a period of time to provide funds for a given acquisition from their undrawn commitment silver cufflinks uk sale. The $4 billion credit facility outlined at a meeting at the Ritz in London on Thursday would bridge that gap, allowing the fund to swoop in quickly. The SoftBank Vision Fund, whose investments include ride-hailing company Uber Technologies Inc and shared-office space firm WeWork, declined to comment. Goldman Sachs (GS.N) and Mizuho (8411.T) did not immediately respond to requests for comment..

PIF and Mubadala are not providing a formal, legal guarantee for the loan, but the attendance of senior officials from the funds at the meeting indicated implicit support. Earlier this year PIF raised $11 billion in a bid to boost its firepower to finance the kingdom’s economic transformation plans. Debt raising at the SoftBank Vision Fund is part of a plan to start leveraging up the PIF’s investment silver cufflinks uk sale. SoftBank Group Corp on Monday reported a surge in second-quarter profit, helped by the rising value of its investments..

(Reuters) – Private equity firm Veritas Capital and hedge fund Elliott Management have agreed to acquire U.S. healthcare software maker Athenahealth Inc ATHN.O for $5.5 billion in cash, people familiar with the matter said on Sunday silver cufflinks uk sale. Athenahealth, whose cloud-based service is used to track revenue from patients, physicians and hospitals, had been under pressure to sell itself from Elliott, which has about a 9 percent stake in the company. As part of a restructuring effort this year, it has cut jobs and hired former General Electric Co (GE.N) Chief Executive Jeff Immelt as chairman..

The acquisition, which values Athenahealth at around $135 per share, will be announced on Monday, the sources said, asking not to be identified ahead of any official statement. Athnahealth shares ended trading on Friday at $120.35. Athenahealth, Elliott and Veritas Capital did not immediately respond to requests for comment. The deal comes just a few months after the departure of CEO Jonathan Bush last June. Bush, a nephew of former U.S. President George H.W silver cufflinks uk sale. Bush, founded Athenahealth in 1997. He stepped down after issuing an apology following a newspaper report alleging he had assaulted his former wife 14 years earlier..

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The pan-European STOXX 600 index lost 0.37 percent and MSCI’s gauge of stocks across the globe .MIWD00000PUS shed 1.08 percent. The U.s. dollar, which had weakened sharply after Tuesday’s U.S. mid-term elections, was up for a second straight day and on track for a fourth straight week of gains. Further dollar gains can pose headwinds for risky assets as that translates into tightening financial conditions as most emerging market economies borrow in dollars. A strong dollar could also hurt earnings of multinational U.S. corporations luxury replica cufflinks uk sale.

The dollar index .DXY rose 0.19 percent, with the euro EUR= down 0.26 percent to $1.1333. The equity weakness pushed bond yields lower. Benchmark 10-year notes US10YT=RR last rose 12/32 in price to yield 3.1875 percent, from 3.232 percent late on Thursday. Oil prices fell to multi-month lows as global supply increased and investors worried about the possibility of slowing fuel demand, putting U.S luxury replica cufflinks uk sale. crude on track for the longest stretch of daily declines since 1984. U.S. West Texas Intermediate crude CLc1 settled down 0.79 percent at $60.19 per barrel and Brent LCOc1 settled at $70.18, down 0.67 percent on the day..

WASHINGTON (Reuters) – White House adviser Peter Navarro on Friday lashed out at efforts by current and former Wall Street executives to urge the United States and China to end their trade dispute, calling them “unregistered foreign agents” who were trying to pressure President Donald Trump into a deal. “When these unpaid foreign agents engage in this kind of diplomacy, so-called diplomacy, all they do is weaken this president and his negotiating position,” Navarro said at the Center for Strategic and International Studies in Washington luxury replica cufflinks uk sale.

“No good can come of this. If there is a deal, if and when there is a deal, it will be on President Donald J luxury replica cufflinks uk sale. Trump’s terms, not Wall Street terms,” he added. Trump is expected to meet with Chinese President Xi Jinping in Buenos Aires, Argentina, at the end of November on the sidelines of a G20 leaders summit to discuss a possible way out of their deepening trade war. In recent days, Trump has said he believed that he and Xi can reach a deal. China’s top diplomat Yang Jiechi on Friday said the U.S.-China trade talks can be resolved through talks and that any ongoing conflict would hurt both countries..

As the U.S.-China dispute escalated, executives such as Blackstone Group (BX.N) Chief Executive Stephen Schwarzman and Henry Paulson, the former U.S luxury replica cufflinks uk sale. Treasury Secretary and Goldman Sachs (GS.N) chairman, have met with officials on both sides to press for a resolution. Paulson, in remarks in Singapore on Wednesday, warned of a new “economic Iron Curtain” being erected between the United States and China that will undo the benefits of globalization. “Unless these broader and deeper issues are addressed, we are in for a long winter in U.S.-China relations,” Paulson told an economic forum..

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He said that the company, which is an official Interpol and Europol partner in investigating cybercrimes, is also ready to open its source code to any client as a way to build confidence with new and existing partners. According to Group IB, its customers have been able to recover $300 million thanks to the company’s services. Sachkov said that the company planned to invest around $30 million in the Singapore HQ up to 2022. The office will employ 90 people, including 15 Russians. The $30 million will come from Group IB’s internal resources and no external financing is planned, Sachkov said. His company does not disclose its financial results cufflinks london uk sale.

(Reuters) – Software company Apptio Inc APTI.O said on Sunday it agreed to be bought by private equity firm Vista Equity Partners for $1.94 billion in cash, two years after going public. Vista will take the company private for $38 per share, a premium of about 53 percent to Apptio stock’s last close. The deal would help the company bring its products to the market faster, Apptio co-founder and Chief Executive Officer Sunny Gupta told Reuters cufflinks london uk sale. “In the private construct, we look at leveraging Vista’s playbook,” Gupta said. “They seem to be very committed to accelerating our product innovation cycle to customers.”..

Apptio, whose products include cloud-based and hybrid business management software, was founded in 2007 and went public in September of 2016 at $16 per share. Vista, whose private-equity portfolio comprises of mostly software companies, sold marketing software firm Marketo to Adobe Inc (ADBE.O) for $4.75 billion in September. The Apptio deal includes a 30-day “go-shop” period, which allows Apptio board and advisers to consider alternative offers, the company said. Apptio had multiple offers from strategic and private investors before it agreed to go with Vista’s, Gupta said cufflinks london uk sale. He will remain Apptio’s CEO post the deal. It will remain headquartered in Bellevue, Washington..

SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.7 billion) in sales on Sunday during its 24-hour online retail frenzy Singles’ Day, but the event’s annual growth dropped to its slowest rate. Shoppers in China and across the world snapped up hot items including iPhones, furniture and milk powder starting pre-dawn, with Alibaba recording roughly $10 billion in sales in the first hour after midnight. Singles’ Day, also called “Double 11”, is the world’s biggest online sales event, outstripping the sales of U.S cufflinks london uk sale. shopping holidays Black Friday and Cyber Monday combined..

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The takeover has already secured clearance from regulators in the United States, Japan, China and Brazil. Weber said last week he was confident of securing investor backing for the purchase of Shire, but until now it has not been clear when exactly Takeda would call its EGM cufflinks button uk sale. Takeda, which has a market value of around $32 billion, has secured a $30.9 billion bridge loan to help finance the Shire acquisition and some investors are concerned as to how well it will cope with debt repayments. The Japanese company struck its agreement to take over Shire in May, in a deal that will propel it into the top 10 rankings of global drugmakers by sales..

LONDON (Reuters) – The race is on for liquefied natural gas (LNG) producers to build export terminals as demand soars, but the criteria for financing such mega-projects have shifted as traditional relationships with LNG consumers have begun to disintegrate. Royal Dutch Shell’s (RDSa.AS) final investment decision (FID) taken last month for a $30 billion LNG Canada project was a shot in the arm for the LNG industry, which is emerging from almost three years of low prices and investment cufflinks button uk sale. As a vote of confidence in the LNG market, Shell’s decision is expected to get the ball rolling on a wave of approvals for dozens of similar projects around the world that have been planned for years but not yet finalized..

But the FID represented a different financing structure, unreliant on commitments from large buyers as previous mega-projects had been, such as the recently commissioned Ichthys facility in Australia or the U.S. Sabine Pass plant. Instead, Shell will absorb the cost into its budget and will effectively worry about the ultimate buyers later – as one of the largest corporate purchasers of LNG in the world, it can absorb the new volumes into its global portfolio. Demand for LNG is there – it is expected almost to double to 550 million tonnes a year (mtpa) by 2030, leaving room for plenty more export terminals despite an influx of fresh supply from new, mostly U.S., terminals cufflinks button uk sale.

But projects have struggled to find offtakers as the world’s biggest buyers in Japan and South Korea seek nimbler terms while others such as India and Pakistan are less creditworthy. “Projects that require buying commitments are really struggling to find buyers to sign up .. I don’t see a lot that is happening,” said Vivek Chandra, chief executive of Texas LNG, which plans a medium-sized project of the same name cufflinks button uk sale. “I don’t know what the buyers are waiting for because the golden opportunity to sign up for deals was yesterday,” he told a conference this month, referring to historically low LNG prices in recent years before they began rising last winter..

Aside from 50 mtpa of supply due from U.S. projects under construction, 17 new U.S cufflinks button uk sale. terminals like Texas LNG need FIDs. Other plans dot the world from Qatar’s expansion to plants in Russia and Mozambique as well as Southeast Asia. Of all these projects, only a handful in the United States will ultimately be built and for others, the ability for the operator to absorb LNG into its portfolio will be key. “The projects that we might see now are the ones that don’t rely on offtake agreements,” said Frank Konertz, LNG analyst at S&P Global..

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Qiu added the firm would “pursue” deals for quality “trend-setter” brands with sustainable development prospects, though he was less interested in brands he likened to “pop music, only catering to people’s tastes for a short while but not lasting”. “Ruyi has firm and specific requirements and strategic positioning for fashion brands engraved cufflinks for groomsmen uk sale. We are always studying and watching brands that fit the positioning of high quality, high growth and high pricing,” he said..

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LONDON (Reuters) – Japan’s Takeda Pharmaceutical (4502.T) will hold an investor vote on its $62 billion acquisition of Shire SHP.L next month and aims to close the deal on Jan. 8, signaling its confidence in securing the required support. Shares in London-listed Shire rose 3 percent on the news, hitting their highest level since Takeda first disclosed its interest in buying the rare diseases specialist in March engraved cufflinks for groomsmen uk sale. The deal would be the biggest-ever overseas acquisition by a Japanese company – but it needs two-thirds support from shareholders, some of whom are worried about the enlarged company’s resulting debt burden..

Takeda said on Monday it would hold an extraordinary general meeting (EGM) of shareholders to vote on the transaction on Dec engraved cufflinks for groomsmen uk sale. 5. Previously, Takeda had said it hoped to hold the EGM early in 2019, leaving uncertain the level of backing for the deal, which has been opposed by some members of the founding Takeda family. “With the date of our extraordinary general meeting of shareholders now set, we are looking forward to continue our dialogue with shareholders regarding the compelling strategic and financial benefits of this transaction,” Chief Executive Christophe Weber said..

Weber — a Frenchman and the first non-Japanese CEO of the company — believes that buying Shire will accelerate Takeda’s growth and increase its international reach, boosting earnings. The transaction is still awaiting approval from European regulators, although two people familiar with the matter told Reuters last week that Takeda was set to win conditional EU antitrust approval. Takeda has offered to divest Shire’s experimental drug SHP647 to address concerns about overlap in inflammatory bowel disease treatments engraved cufflinks for groomsmen uk sale.