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Updated: 20 hours 21 sec ago

Exclusive: Drugmakers from Pfizer to GSK to hike U.S. prices on over 200 drugs

Wed, 01/01/2020 - 03:57
Drugmakers including Pfizer Inc , GlaxoSmithKline PLC and Sanofi SA are planning to hike U.S. list prices on more than 200 drugs in the United States on Wednesday, according to drugmakers and data analyzed by healthcare research firm 3 Axis Advisors.

Wall Street edges higher; S&P closes decade with nearly 190% gain

Wed, 01/01/2020 - 03:50
Wall Street's major indexes edged higher on Tuesday on a renewed rally fueled by trade optimism, capping off a decade of handsome returns in which the benchmark S&P 500 rose nearly 190%.

Oil posts biggest yearly rise since 2016

Wed, 01/01/2020 - 03:28
Oil prices fell 1% on Tuesday, the last trading day of the decade, but notched the biggest annual gain in three years, supported by a thaw in the prolonged U.S.-China trade war and ongoing supply cuts from major oil producers.

Golden year for precious metals as 2019 sees glistening run

Wed, 01/01/2020 - 00:44
Gold prices are set for their strongest annual increase since 2010, as worries over global economic health triggered a surge of interest in precious metals, while palladium soared more than 50% to record highs thanks to supply shortages.

Trump says U.S.-China trade deal will be signed on January 15

Tue, 12/31/2019 - 23:48
U.S. President Donald Trump said on Tuesday that Phase 1 of trade deal with China would be signed on Jan. 15 at the White House, though considerable confusion remains about the details of the agreement.

Tesla must face lawsuit claiming racism at California factory

Tue, 12/31/2019 - 23:27
A federal judge rejected Tesla Inc's effort to dismiss claims by two former workers that the California electric car factory where they worked was a hotbed of racial hostility, clearing the way for a possible trial.

Ghosn says he escaped 'injustice' in Japan; Lebanon calls arrival a private matter

Tue, 12/31/2019 - 23:05
Ousted Nissan boss Carlos Ghosn said on Tuesday he had fled to Lebanon to escape a "rigged" justice system in Japan, raising questions about how one of the world's most-recognised executives had slipped away while on bail.

Factbox: Carlos Ghosn joins list of execs fighting extradition

Tue, 12/31/2019 - 23:05
Ousted Nissan boss Carlos Ghosn said on Tuesday he had fled to Lebanon to escape a "rigged" justice system in Japan, where he believed he would not get a fair trial.

Trump says he had a good meeting on Middle East, military and trade

Tue, 12/31/2019 - 22:56
U.S. President Donald Trump said he had a very good meeting on the Middle East, the military and trade on Tuesday, shortly after he returned to his Florida club from his golf course.

Ghosn says he escaped 'injustice' in Japan; Lebanon calls arrival a private matter

Tue, 12/31/2019 - 22:52
Ousted Nissan boss Carlos Ghosn said on Tuesday he had fled to Lebanon to escape a "rigged" justice system in Japan, raising questions about how one of the world's most-recognised executives had slipped away while on bail.

Factbox: Carlos Ghosn joins list of executives fighting extradition

Tue, 12/31/2019 - 22:39
Ousted Nissan boss Carlos Ghosn said on Tuesday he had fled to Lebanon to escape a "rigged" justice system in Japan, where he believed he would not get a fair trial.

Gold gains on subdued dollar, set for best year since 2010

Tue, 12/31/2019 - 22:22
Gold prices rose on Tuesday to a three-month high as the dollar weakened, and were set to mark their best year in nearly a decade on the back of U.S.-China trade uncertainties, which pressured markets and triggered fears of a possible recession.

Dealmakers eye cross-border M&A recovery as mega mergers roll on

Tue, 12/31/2019 - 21:54
A rise in large mergers and acquisitions (M&A) helped offset a plunge in cross-border deals in 2019, and many dealmakers say they expect subsiding geopolitical risk to embolden companies to pursue more tie-ups across regions in 2020.

Chinese iron ore has stellar 2019, natural gas lags other commodities

Tue, 12/31/2019 - 21:39
China's iron ore futures were the best performing commodity in 2019, more than doubling in value while natural gas ranked as the biggest loser, dropping by more than a quarter.

Beirut says it doesn't know how Nissan ex-boss Ghosn made it to Lebanon

Tue, 12/31/2019 - 21:37
The Lebanese government does not know how Nissan ex-boss Carlos Ghosn made it from Japan, where he was due to be tried for financial misconduct, to Lebanon, the foreign ministry said on Tuesday.

India cuts tax on palm oil imports, could lift shipments

Tue, 12/31/2019 - 21:35
India has cut import taxes on crude and refined palm oil from Southeast Asian (ASEAN) countries after a request from suppliers, a government notification said on Tuesday.

Tencent gets into global groove with stake in Vivendi's Universal

Tue, 12/31/2019 - 21:00
A Tencent-led consortium is taking a 10% stake in Vivendi's Universal Music Group, valuing the music label that houses Lady Gaga and The Beatles at 30 billion euros ($34 billion) and giving the Chinese firm a global backstage pass.

Gold prices steady, set for best year since 2010

Tue, 12/31/2019 - 06:58
Gold prices were steady on Tuesday, holding below a more than two-month peak hit in the previous session, as weakness in the dollar countered optimism about the United States and China signing an interim trade deal soon.

Ousted Renault-Nissan boss Ghosn leaves Japan for Lebanon

Tue, 12/31/2019 - 06:15
Carlos Ghosn, the ousted boss of the Renault-Nissan carmaking alliance who was awaiting trial in Japan on charges of financial misconduct, flew into Lebanon on Monday evening, several newspapers reported.

UK to raise National Living Wage by 6.2%, finance minister Javid says - The Sun

Tue, 12/31/2019 - 05:42
Britain will increase the National Living Wage, a mandatory minimum wage, by 6.2% to 8.72 pounds per hour from April, finance minister Sajid Javid said in an article for The Sun newspaper on Monday.

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