The Republic of Ireland slipped back into recession during the last quarter of 2011, with the economy shrinking 0.2% between October and December.
While Japan’s exports fell in February by 2.7% compared to a year earlier, the country enjoyed a trade surplus of $393 million, its first surplus in five months.
Leading Chinese pharmaceutical company Sihuan Pharmaceutical announced March 11 that its application to register Tylerdipine Hydrochloride has been accepted by the Chinese State Food and Drug Administration. The new drug is the first anti-hypertensive developed by Sihuan Pharmaceutical’s in-house research and development team.
The Indian pharmaceutical industry is trying to find its place in a crowded global marketplace, and many companies will have to change strategies just to survive. Motital Oswal analysts recently met with Dr. Reddy’s Laboratories (RDY, quote) CEO G.V. Prasad to learn his plans for the next ten years.
While Chinese companies are leaving U.S. financial exchanges due to concerns about declining growth in the People’s Republic and fraudulent activities, as reported in an article on www.emergingmoney.com, Temasek Holdings, the sovereign wealth fund for Singapore, has established a separate entity to invest billions more in the country.
The increased buying power of China’s currency has been evinced in commodity markets, particularly in copper and corn.