Category Archives: Business News

By Nichola Saminather | SINGAPORE SINGAPORE Most Asian stock markets fell on Thursday after minutes from the Federal Reserve’s last meeting showed a lack of consensus on the future pace of U.S. interest rate increases, while oil prices inched higher following a steep decline a day earlier. MSCI’s broadest index of Asia-Pacific shares outside Japan […]

SEOUL Samsung Electronics Co Ltd (005930.KS) is expected to report its best-ever quarterly profit in the second quarter, with soaring memory chip sales pushing it past Intel Corp (INTC.O) as the biggest semiconductor maker by revenue for the first time. The world’s largest memory chip maker is the among the biggest beneficiaries of soaring demand […]

By Nichola Saminather | SINGAPORE SINGAPORE Asian shares rose on Tuesday, thanks to strength in Europe and the United States as oil’s longest stretch of daily price gains in over five years lifted energy shares, while markets in Seoul were briefly shaken by a missile launched by North Korea. MSCI’s broadest index of Asia-Pacific shares […]

By Ben Hirschler | LONDON LONDON The world’s leading drug companies are turning to artificial intelligence to improve the hit-and-miss business of finding new medicines, with GlaxoSmithKline unveiling a new $43 million deal in the field on Sunday. Other pharmaceutical giants including Merck & Co, Johnson & Johnson and Sanofi are also exploring the potential […]

The U.S. Securities and Exchange Commission said on Thursday it was expanding the Jumpstart Our Business Startups (JOBS) Act, by allowing all public companies to file confidentially prior to initial public offerings, in a move designed to revitalize the IPO market. This is the first major policy announcement by new SEC Chairman Jay Clayton, in […]

NEW YORK More than a third of investors voting at Mylan NV (MYL.O) annual meeting last week cast votes against Chairman Robert Coury’s re-election as the generic drugmaker faced a shareholder campaign against its directors and executive pay packages. The generic drugmaker announced the vote totals from the meeting in a filing with regulators on […]