The European Commission reported this Thursday that it fined the pharmaceutical companies Teva and Cephalon with a total of 60 million euros. Both companies agreed to delay the market entry of Teva’s cheaper generic version of Cephalon’s sleep disorder drug Modafinil. These agreements are called «late payment» agreements
Grupo Elektra reported this Thursday that it sold all of its Banco Azteca del Peru shares to a group of Peruvian investors from the financial sector. In summary, Grupo Elektra is the financial services and specialized trading company, and the largest provider of short-term non-bank loans in the
Driven by exports, Canada’s economic activity expanded 10% at a seasonally adjusted quarterly rate during the third quarter of 2020, after contracting 11.5% in the second quarter. Expressed as an annualized and seasonally adjusted quarterly rate, Canada’s GDP growth in the third quarter of the year was 46.4%,
American Airlines and Delta Airlines dominated the market for passengers transported by international airlines in regular service in Mexico from January to September 2020, according to data from the Ministry of Communications and Transportation (SCT). Leader in this service, American Airlines transported 1 million 880,000 passengers in the
The Bank of Mexico (Banxico) indicated that the most lasting effects caused by the Covid-19 pandemic are still unknown, and there is a risk of outbreaks that imply greater containment measures. After the sharp contraction of economic activity registered in April and May as a result of the
The United States imposed a countervailing duty against imports of twist ties originating in China. United States Commerce Secretary Wilbur Ross affirmative preliminary determination in countervailing duty investigation of China’s torsion ties. The Commerce Department is also conducting a simultaneous anti-dumping duty investigation on twist-tie imports from China.