OxyContin maker Purdue agrees to settle Oklahoma opioid case: source
Purdue Pharma LP has agreed to settle a lawsuit by the state of Oklahoma accusing the OxyContin painkiller maker of helping fuel an opioid abuse epidemic, a person familiar with the matter said.
Citi aims to grow Asia wealth management client base by 10 percent in 2019
Citigroup Inc said on Tuesday it planned to grow its Asia Pacific wealth management client base by 10 percent this year, stronger than the 8 percent growth it posted in 2018, as it hires more client advisers and boosts digital offerings.
Stalled Aramco IPO sets back deal-making at U.S. subsidiary Motiva
Saudi Aramco’s delayed initial public offering is sidelining grand North American expansion plans at its U.S. refining subsidiary Motiva Enterprises LLC, people familiar with the matter said, at a time when its rivals grew their market share.
Samsung Elec flags earnings miss as chip prices slide
Samsung Electronics Co Ltd said on Tuesday first-quarter profit would likely miss market expectations due to falls in chip prices and slowing demand for display panels, in an unprecedented statement ahead of its earnings guidance.
Asian shares edge up as U.S. bond yields come off late-2017 lows
Asian shares bounced back on Tuesday after two days of losses as U.S. 10-year Treasury yields edged higher, but the outlook remained murky as investors weighed the odds of whether the U.S. economy is in danger of slipping into recession.
Standard Chartered CEO says fears of China growth slowdown, trade war are receding
Standard Chartered PLC Chief Executive Bill Winters said fears over a slowdown in China’s economic growth and the impact of the Sino-U.S. trade tensions are “receding a bit”.
Samsung Electronics flags earnings miss as chip prices slide
Samsung Electronics Co Ltd said on Tuesday first-quarter profit would likely miss market expectations due to falls in chip prices and slowing demand for display panels, in an unprecedented statement ahead of its earnings guidance.
Asian shares shaky as U.S. bond yields hit lowest since late 2017
Asian shares were shaky on Tuesday after U.S. Treasury yields sank to their lowest since late 2017, further below short-term interest rates and adding to fears of a U.S. recession.
Vale reports Brazil state authorities freeze $765 million of its assets
Brazilian state prosecutors and public defenders in the state of Minas Gerais have won a bid to freeze assets worth 2.95 billion reais ($765 million) belonging to Vale, which has been struggling since a lethal dam rupture at one of its mines, the compa…
Trump foe Avenatti charged with trying to extort $20 million from Nike
(The March 25 story corrects the ages for Avenatti in the third paragraph, Daniels in the 22nd paragraph)
