HSBC to close 117 branches in Britain, cut 380 jobs
LONDON HSBC said on Tuesday it plans to close 117 branches this year and will cut 380 roles in Britain to try to reduce costs.
ZURICH Swiss drugmaker Novartis (NOVN.S) said on Tuesday it has reached a definitive agreement to buy Fort Worth, Texas-based Encore Vision, which is focused on developing a novel treatment in presbyopia, or far-sightedness.
"There is a large need for innovative, effective and safe treatment options for people with presbyopia, and there is currently no disease-modifying treatment available at all," Vasant Narasimhan, Novartis' global head, drug development and chief medical officer said in a statement.
Financial details of the transaction are not disclosed, Basel-based Novartis said.
(Reporting by Joshua Franklin; Editing by Christian Schmollinger)
LONDON Nerves around France's presidential election are starting to play out in debt markets, although the euro seems as yet unruffled by a vote which could pose the biggest existential threat to the single currency bloc since the 2011/2012 debt crisis.
WASHINGTON U.S. President Donald Trump pushed the chief executives of General Motors Co , Ford Motor Co and Fiat Chrysler Automobiles NV on Tuesday to increase production in the United States and boost American employment.