GlaxoSmithKline has predicted a return to growth in China next year as it slowly begins to repair the damage from a corruption scandal which shattered the company’s reputation in one of the world’s most important pharmaceuticals markets. In the most detailed account yet of its recovery efforts in China, GSK said it had rooted out the bribery that resulted in a record Rmb3bn ($488m) Chinese fine and halted the haemorrhaging of sales that has shrunk the business by more than a fifth. Hervé
China's aluminum and nickel producers have asked Beijing to buy up surplus metal, sources said, the first coordinated effort since 2009 to revive prices suffering their worst rout since the global financial crisis. The state-controlled metals industry body, China Nonferrous Metals Industry Association, proposed on Monday that the government scoop up aluminum, nickel and minor metals including cobalt and indium, an official at the association and two industry sources with direct knowledge of the
China's unabashed interest in foreign chipmakers in an already record year of deals has been quickly read by rivals as a sign that mergers and acquisitions (M&As) will get more competitive and target companies will get more expensive. Chipmakers have announced over $80 billion worth of M&As in 2015. Chipmakers are acquiring peers to expand capacity and capabilities ahead of an explosion in demand for all kinds of semiconductors necessitated by the Internet of Things. "The days of growing
“If something cannot go on forever, it will stop,” according to Herbert Stein, former chief economist to U.S. President Richard Nixon (“What I think: essays on economics, politics and life” 1998). Stein’s law is one of the most simple but important statements in economic theory, yet it is remarkable how often it is forgotten. Stein’s law explains why oil prices crashed from the middle of 2014 after spending more than three years over $100 per barrel. Most c
Bill Ackman’s fund raised its stake in Valeant Pharmaceuticals International Inc. to 9.9 percent in a series of transactions starting in October, underscoring the activist investor’s commitment to the embattled drugmaker. Pershing Square Capital Management’s various funds have now amassed more than 34.1 million shares in the drugmaker, the activist hedge fund disclosed Monday in a regulatory filing. Ackman’s firm had previously disclosed a 5.7 percent stake in the drugmaker, as of Sep
Oil advanced after Turkey shot down a Russian plane near the border with Syria, fanning concern that conflict in the region may intensify. Turkish fighter jets shot down a Russian warplane near the Syrian border after it violated Turkey's airspace on Tuesday, a Turkish military official said. Turkish presidential sources told Reuters that the downed warplane was a Russian-made SU-24, adding it was downed in line with Turkey's rules of engagement after violating Ankara's airspace.
President Xi Jinping’s overhaul of China’s energy industry took a step forward as PetroChina Co. announced plans to unload $2.4 billion in Central Asian pipeline... Full Story
is pleased to announce the Company's financial and operational results for the interim period ended September 30, 2015. Highlights During Q3 2015, Canamax completed two signific... Full Story
Yesterday we saw Consumer Confidence disappoint at 90.4, the lowest level since September las... Read More
Oil prices rose Tuesday as traders priced in more geopolitical risk after Turkey downed a Russian... Read More
Global markets are coming off this morning as a result of a Turkish F16 shooting down a Russi... Read More
The evidence is mounting: Resverlogix Corp.'s first-in-class, epigenetics-based drug cand... Read More
Volatility is the nature of the biotech beast, and it must be tamed or utilized to advantage. Tha... Read More
Q 1: Can you describe about your company’s main project Clayton? What historical ... Read More
NAI500 comment: ——Obama has formally rejected the Keystone XL Pipeline proposal which would have built a 1,179 mile crude oil pipeline from Canada to US refineries. &mda... Read More
NAI500 Comments: i. The Chinese government is heavily focused on the health of its citizens as shown by its decision to build 7,500 public hospitals through the private sector over the... Read More
NAI500 Comments: · Mining companies are considering new funding sources and models in the current circumstances. Foreign dir... Read More
With China’s continued growth, the recent boom in its stock markets, and strong encouragement from its national government, private sector investors in China have taken the forefront of t... Event Info
CMX Gold & Silver Corp. is an exploration stage company engaged in the acquisition, exploration a...
Thunderstruck Resources is a Canadian mining exploration company with highly prospective VMS and ...