(Reuters) -Singapore-based ride hailing firm Grab's deal to buy smaller rival Trans-cab Holdings is likely to significantly lower competition in the domestic market, the city-state's competition watchdog said on Thursday. Grab is one of Singapore's top ride-hailing firms. The deal is reported to be valued at around S$100 million ($74 million). The Competition & Consumer Commission of Singapore (CCCS) also...

06:11 AM EDT, 07/11/2024 (MT Newswires) -- LL Flooring Holdings ( LL ) shares were up over 12% in premarket activity Thursday after its shareholders elected all three nominees from the private equity firm F9 Investments. F9 Investments said late Wednesday that based on a preliminary tabulation of voting results, LL Flooring ( LL ) shareholders have elected Tom Sullivan,...

HONG KONG, July 11 (Reuters) - Higher-for-longer interest costs and ample retail and office vacancies have pushed the sales of distressed investment properties in Hong Kong higher in the second quarter, a trend realtors expect to continue in an already tepid real estate market. An increasing acceptance among lenders and landlords to book steeper losses has driven up the number...

06:09 AM EDT, 07/11/2024 (MT Newswires) -- Novo Nordisk ( NVO ) said Wednesday that it has received a complete response letter from the US Food and Drug Administration regarding the company's biologics license application for insulin icodec as treatment of diabetes mellitus. The company said the letter includes requests related to insulin icodec's manufacturing process and its type 1...