Articles

Portugal’s economic crisis deepens as big strike hits

Portugal’s efforts to climb out of its economic crisis suffered a double setback Thursday as its credit rating was downgraded to junk status and a major strike gave voice to broad public outrage over austerity measures that have squeezed living standards.

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Lilly committed to China despite IP woes

Indianapolis-based Eli Lilly and Co. is one of several Western pharmaceutical firms that see China as a linchpin of growth in coming years, due to patent expirations and a slowdown in government reimbursements for prescription medicines in the U.S. and European markets.

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Indiana exports hit annual record

The state shipped $28.7 billion in goods last year to foreign countries, including Canada, Mexico and Germany, which accounted for most of the demand, according to a report from the Indiana University Kelley School of Business.

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More life sciences firms opt to launch products in Europe

The U.S. Food and Drug Administration’s growing reputation for unpredictability is spurring some Indianapolis companies to join counterparts elsewhere and introduce products in Europe. The upshot is that some Americans may never benefit from innovations occurring in their backyards.

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Daniels signs trade deal with Chinese province

Daniels signed the business cooperation agreement Monday with the leader of Zhejiang Province, located on the east coast of China south of Shanghai. The document pledges to develop further business links between Indiana and Zhejiang.

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Lafayette, Logansport groups want China trade

Greater Lafayette Commerce and the Logansport-Cass County Economic Development Foundation will work with Purdue University to develop strategic plans designed to expand trade and investment with China.

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