ZIM Integrated Shipping Services Ltd ( ZIM ) reported a fourth-quarter sales increase of 80% year over year to $2.17 billion, beating the consensus of $2.06 billion. Revenue was driven by the increase in freight rates as well as carried volume. The cargo shipping company's carried volume in the quarter was 982 thousand TEUs, up 25% Y/Y. The average freight rate per TEU was $1,886 (+71% Y/Y). Adjusted EBITDA escalated 409% Y/Y to $967 million, with margins of 45% vs. 16%...

March 12 (Reuters) - Niantic Labs said it would sell its video-game division to Saudi Arabia-owned Scopely for $3.5 billion, as the U.S. augmented reality firm shifts focus to geospatial technology after failing to recreate the success of its 2016 smash hit Pokemon Go. The deal, announced on Wednesday, also advances Saudi Arabia's ambitions to become the ultimate global hub...

On Tuesday, Ionis Pharmaceuticals Inc ( IONS )  and Ono Pharmaceutical Co., Ltd entered into a license agreement in which Ono obtains exclusive global rights for the development and commercialization of sapablursen, an investigational RNA-targeted medicine for polycythemia vera (PV). PV is a rare hematologic disease characterized by the overproduction of red blood cells, significantly increasing the risk of serious...

CARACAS, March 12 (Reuters) - Venezuela business guild Fedecamaras said the United States and Venezuela should resume negotiations amid the possible negative impact of President Donald Trump's cancellation of a license allowing oil major Chevron ( CVX ) to operate in the country. The cancellation could have a severe impact on the economy, Fedecamaras said in a statement dated on...