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A bitter pill as China crackdowns squeeze pharma margins

A crackdown on corruption and pricing in China's fast-growing pharmaceutical market has squeezed profits and margins, raising a red flag to global Big Pharma that the days of easy growth in the country may be over. A Reuters' analysis of more than 60 listed Chinese healthcare firms shows average profit margins declined to around 10 percent last year from 15 percent in 2012. Average net profits fell 2.1 percent, down from close to 20 percent growth in previous years. class="mandelbrot_refrag"> China has been a magnet for the big global pharmaceutical companies and other healthcare firms as growth slows in Europe and the United States. It is the largest emerging drugs market and is set to be the global number two overall within three years, according to consultancy IMS Health.   true       While global drugmakers withhold their class="mandelbrot_refrag"> China profit figures, the analysis suggests profit growth is harder to come by - a concern a

Two Israelis killed in Saturday Brussels shooting

Belgian police on Sunday were hunting a gunman who shot dead two Israelis and a French woman at the Jewish Museum in Brussels, in an attack French President Francois Hollande said was without doubt motivated by anti-Semitism. Security around all Jewish institutions in Belgium was raised to the highest level following Saturday's shooting, while French authorities stepped up security after two Jews were attacked near a Paris synagogue. Belgian officials released a 30-second video clip from the museum's security cameras showing a man wearing a dark cap and a blue jacket enter the building, take a Kalashnikov rifle out of a bag, and shoot into a room, before walking out.   true       "From the images we have seen, we can deduce that the perpetrator probably acted alone and was well prepared," said Ine Van Wymersch, a spokeswoman for the Brussels prosecutor's office. "It's still too early to confirm whether it's a terrorist or an anti-Semitic attack;

China, Japan exchange barbs over action by warplanes in East China Sea

class="mandelbrot_refrag"> Japan and class="mandelbrot_refrag"> China on Sunday accused each other's air forces of dangerous behavior over the East China Sea, with Japan saying Chinese aircraft had come within a few dozen meters of its warplanes. _0"> Japan's defense minister accused Beijing of going "over the top" in its approach to disputed territory. China's defense ministry said Japanese planes had carried out "dangerous" actions during its joint maritime exercises with class="mandelbrot_refrag"> Russia . Tensions have been running high between class="mandelbrot_refrag"> China and its neighbors over Beijing's assertive stance on claiming land and sea territory.   true       Japan's defense ministry said Chinese SU-27 fighters came as close as 50 meters (170 feet) to a Japanese OP-3C surveillance plane near disputed islets on Saturday and within 30 meters of a YS-11EB elec

At dinner with Putin, menu of Crimean flounder and Russian grievances

You can't say Vladimir Putin lacks a pointed sense of humor. The entrée at the Russian president's dinner for news agency editors on Saturday night was "Crimean flounder." No kidding. As dinner was ending in the ornate Konstantinovsky Palace, Putin was asked whether he speaks regularly with U.S. president class="mandelbrot_refrag"> Barack Obama . "We have some contacts," he shrugged. "But now I have to go speak with Mr. (Francois) Hollande and Mrs. (Angela) Merkel," the French president and the German chancellor, respectively.   true       With that he gave a champagne toast, and left. But before that he spoke at length on many topics during a three-hour interview before and during a seven-course dinner that included "soft smoked sturgeon salad" and "white asparagus soup with black caviar" as well as the recently Russified flounder. The topics ranged from the over-arching ( class="mandelbrot_refrag"

Armed Ukraine rebels rally outside home of richest man

Scores of armed pro-Russian separatists gathered for several hours outside the gated home of Ukraine's richest man, Rinat Akhmetov, in the eastern city of Donetsk on Sunday as Ukrainians voted for a new president. _0"> class="mandelbrot_refrag"> Coal and class="mandelbrot_refrag"> steel billionaire Akhmetov, whose factories and mines employ about 300,000 people, denounced the rebels last week, accusing them of "genocide", and urged people to vote on Sunday despite intimidation and threats from the separatists. The rebels have prevented voting in parts of Russian-speaking eastern class="mandelbrot_refrag"> Ukraine where they have declared "people's republics" outside Kiev's control. No polling stations opened in Donetsk, a city of a million people.   true       The 47-year-old Akhmetov, who also owns Ukraine's most successful soccer club Shakhtar Donetsk, was in the capital Kiev when about 200-

Thai protesters test military's resolve

Thailand's military tightened its grip on power on Sunday as it moved to quell growing protests, saying anyone violating its orders would be tried in military court. It also took its first steps to revitalize a battered class="mandelbrot_refrag"> economy , saying nearly a million farmers owned money under the previous government's failed rice-subsidy scheme would be paid within a month. The military overthrew the government on Thursday after months of debilitating and at times violent confrontation between the populist government of Prime Minister Yingluck Shinawatra and the royalist establishment.   true       Critics say the coup will not end the conflict between the rival power networks: the Bangkok-based elite dominated by the military and the bureaucracy, and an upstart clique led by Yingluck's brother and former telecommunication mogul Thaksin Shinawatra. The Shinawatras draw much of their influence from the provinces. The military detained numerou

Three shot dead at South Carolina oceanfront hotel

Three people were killed and a fourth wounded in a shooting at a oceanfront hotel in Myrtle Beach, South Carolina, one of the most popular tourist destinations in the U.S. Southeast, police said on Sunday. Officers responded to a call of shots fired at the Bermuda Sands resort on the Myrtle Beach boardwalk around 11 p.m. EDT on Saturday, according to the Myrtle Beach Police Department. Two men and one woman were pronounced dead at the scene and the fourth was transported to a local hospital in unknown condition, he said.   true       The shooting came on a weekend when Myrtle Beach was packed with visitors for the Memorial Day holiday weekend, the unofficial start of the summer season, and for an annual sports rally called the Atlantic Beach Bikefest. "We certainly don't like to see any type of incident where somebody dies during this event, or any event that Myrtle Beach has," Myrtle Beach Police Captain David Knipes told WISTV. "To have three people (killed)