Indivior shares tank after U.S. indictment for illegal marketing
Shares of Indivior Plc fell more than 50 percent on Wednesday after the U.S. Justice Department accused the British drugmaker of illegally boosting prescriptions for the film version of its blockbuster opioid addiction treatment Suboxone.
Oil edges up amid tightening supply, but economic slowdown weighs
Oil prices inched up on Wednesday amid supply cuts by producer group OPEC and U.S. sanctions on oil exporters Iran and Venezuela, but pressured by expectations that an economic slowdown could soon dent fuel consumption.
Exclusive: VW eyes buying big stake in China partner JAC, taps Goldman – sources
Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motors and has tapped Goldman Sachs as an adviser on the plan, people with direct knowledge of the matter said.
Nissan brand Infiniti aims to launch first electric car in three years, made in China
The first electric car for Nissan Motor Co’s premium brand Infiniti will be a sporty sedan produced in China, the Japanese carmaker said in a statement viewed by Reuters ahead of a public announcement expected as soon as Wednesday.
U.S. firm’s plan for Australia-China internet cable leaves Huawei trailing
U.S. submarine cable company SubCom said on Thursday it would lay an internet link from Australia to Hong Kong through Papua New Guinea, deepening its involvement in a region where China’s Huawei Technologies Co Ltd has sought to expand.
Exclusive: SK Innovation in talks to set up EV battery JVs with Volkswagen, China partners
SK Innovation Co Ltd is in talks to set up separate battery-making joint ventures with Volkswagen AG and Chinese partners, as the South Korean petrochemicals producer aggressively expands its involvement in electric vehicles (EVs).
Asian stocks retreat from eight-month high as Trump opens new trade war front
Asian shares slipped from eight-month highs on Wednesday as the International Monetary Fund lowered its global growth outlook and as the United States and Europe locked horns over tariffs in a fresh escalation of trade tensions.
Exclusive: Volkswagen eyes buying big stake in China partner JAC Motor, taps Goldman – sources
Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motor and has tapped Goldman Sachs as an adviser on the plan, people with direct knowledge of the matter said.
AT&T explores sale of HBO Europe to reduce debt: FT
AT&T has internally discussed about selling its HBO Europe business as the telecom group aims to reduce a debt pile of $170 billion, the Financial times reported, citing current and former senior executives.
Oil steady amid tightening supply, but capped by economic slowdown
Oil prices moved little on Wednesday, supported by supply cuts by producer group OPEC and U.S. sanctions against oil exporters Iran and Venezuela, but pressured by expectations that an economic slowdown could soon dent fuel consumption.
