December 19, 2018

Drugmaker GSK to split after folding in Pfizer consumer unit

GlaxoSmithKline plans to split into two businesses — one for prescription drugs and vaccines, the other for over-the-counter products — after forming a new joint venture […]
December 19, 2018

Indian drug inspectors seize Johnson & Johnson Baby Powder samples: source

Drug inspectors have seized samples of Johnson & Johnson Baby Powder from a factory in northern India, an industry source said on Wednesday, following a Reuters […]
December 19, 2018

Fed expected to raise rates, may signal fewer hikes ahead

The U.S. Federal Reserve is expected to raise interest rates on Wednesday, but may cut the number of hikes it anticipates next year and signal an […]
December 19, 2018

SoftBank telco suffers rare Japan drop on debut after record IPO

SoftBank Corp shares slumped more than 12 percent on debut, as investor appetite for Japan’s biggest ever IPO was hurt by a recent service outage at […]
December 19, 2018

Elon Musk’s Boring Company set to unveil its first Los Angeles-area tunnel

The Boring Company, Elon Musk’s underground transit venture, planned an unveiling of its first tunnel on Tuesday, two years after the billionaire entrepreneur complained about Los […]
December 19, 2018

Oil prices climb after tumble on hint markets stabilizing

Oil prices rebounded on Wednesday after falling for the past three sesssions with worries about oversupply and a slowing global economy keeping markets under pressure though […]
December 19, 2018

Investors revolt against executive pay plans at tarnished Australian banks

Shareholders voted against the executive remuneration plans of two of Australia’s biggest banks on Wednesday following misconduct revelations that have swept through the country’s financial sector. […]
December 19, 2018

Micron sales, profit miss estimates as chip glut hurts prices

U.S. chipmaker Micron Technology Inc gave on Tuesday quarterly sales and profit forecasts well below Wall Street estimates, citing a market glut of memory chips as […]
December 19, 2018

Asian business confidence wallows near three-year low on trade worries: Thomson Reuters/INSEAD

A very cautious optimism remains among Asian companies in the fourth quarter as they wait to see whether there will be any breakthrough in a trade […]
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