TOKYO (Reuters) - Japanese trading house Itochu ( ITOCF ) on Wednesday forecast a 10% rise in its net profit to 880 billion yen ($5.8 billion) this financial year, from an estimated 800 billion yen a year earlier, and expected a shareholder return ratio of 50%. Unveiling its new management plan for the 2024/25 financial year that started on April...

ALMATY, April 3 (Reuters) - Output at Kazakhstan's giant Kashagan oilfield was fully restored on April 2 after a brief stoppage on April 1 caused by a fire or gas alarm which turned out to be false, the field's operator said on Wednesday. Sources told Reuters on Tuesday that output at the field, one of Kazakhstan's largest, fell to 30,342...

03:21 AM EDT, 04/03/2024 (MT Newswires) -- Genmab ( GMAB ) agreed to acquire privately owned biotechnology company ProfoundBio in an all-cash deal worth $1.8 billion, the companies said in a joint statement on Wednesday. The acquisition will give Genmab ( GMAB ) worldwide rights to ProfoundBio's portfolio of antibody-drug conjugates, comprising three candidates in clinical development, including rinatabart sesutecan,...

SINGAPORE, April 3 (Reuters) - Taiwan's Formosa Petrochemical (FPCC) has stopped operations at its port at the Mailiao refinery as a precautionary measure following a powerful earthquake, two people with knowledge of the matter said. The company is expected to resume operations at the port on Wednesday at around 3 p.m. (0700 GMT), one of the sources said. There could...