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India's Power Finance Corp falls after approval of merger with REC

** Shares of Power Finance Corporation NSE:PFC fall 1.8% to 424.85 rupees** Boards of PWFC and REC NSE:RECLTD approved merger of REC into PWFC** PWFC to issue 88 shares for every 100 shares held in RECM** Co said merger shall create a financing entity with an aggregate loan book of over 11 trln rup…

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StocksIN

Poland - Factors to Watch June 29

The following are significant news stories, press reports and events on Monday. ALL TIMES GMT (Poland: GMT + 2 hours):POLAND-SWEDENOn Monday, Polish Prime Minister Donald Tusk and Swedish Prime Minister Ulf Kristersson will participate in Polish-Swedish intergovernmental consultations. During the c…

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Economyindex

Pfizer, Innovent GLP-1 drugs pass China insurance preliminary review

Pfizer's NYSE:PFE ecnoglutide and Innovent Biologics' HKEX:1801 mazdutide have passed a preliminary review to be potentially included in China's basic medical insurance drug catalogue, a list published by the National Healthcare Security Administration showed on Monday.The two drugs, which belong t…

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StocksCN

J.P. Morgan lifts STOXX 600's year-end target

J.P. Morgan raised its year-end target for the STOXX 600 index TVC:SXXP to 680 from 630 on Monday, citing corporate earnings strength and improvements in the geopolitical climate.The new target implies an upside of about 7% from Friday's close of 635.88 points.

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