European antitrust authorities announced Thursday the opening of a formal antitrust probe into US drugs company Cephalon and Israel-based generic drugs firm Teva over stay-awake drug Modafinil.
Americans' cheap money spigot remains open and the flow is as fast as ever, meaning the world had better brace for even higher oil, metals and food prices and a weaker dollar.
Voters trickled out to polling stations on Thursday in two states in northern Nigeria where rioting killed hundreds last week, under the watchful eye of policemen on horseback and soldiers manning barricades.
Yemen's opposition warned the government on Thursday that violence against street protesters demanding the removal of President Ali Abdullah Saleh could derail a deal aimed at ending the political stand-off.
China could become the number one market for Italian supercar maker Lamborghini, as the country's luxury market continues to grow apace, its chief executive Stephan Winkelmann told Reuters on Tuesday. "I think it is even going to become the No.1 market al
A wave of popular anger spread in Burkina Faso Thursday as police followed the army in staging a mutiny a week after President Blaise Compaore formed a new government in a bid to quell the unrest. Policemen fired into the air in the capital Ouagadougou on
The head of the International Atomic Energy Agency said for the first time that a target destroyed by Israeli warplanes in the Syrian desert in 2007 was the covert site of a future nuclear reactor, countering assertions by Syria that it had no atomic secr
British Defence Secretary Liam Fox said on Thursday those forecasting the demise of the ruling coalition after local elections next week underestimated its determination to deal with a record budget deficit.
Half of China's 1.34 billion population live in cities and towns, according to a census on Thursday that pointed to the daunting tasks ahead for policymakers as the labour market shrinks and the nation grows older.
German business software maker SAP posted double-digit growth in first quarter sales and operating profit but missed analysts expectations. While total sales were slightly below analyst estimates, operating profit clearly missed average forecast, which ha
A package of conditions for Portugal to meet in return for a bailout from Europe and the IMF should be ready within days, a source said on Thursday as ministers voiced confidence the negotiations were on track.
Currency manager Record Plc is sticking to an investment strategy that has delivered negative returns, sent clients fleeing and hammered its shares while it waits for foreign exchange markets to turn. Record has been pursuing a strategy which aims to make
Orthopedic device maker Zimmer Holdings Inc reported solid first-quarter results, reflecting a slight pick-up in demand for joint replacements after a long slide. Its shares touched $65.87, its highest point since September 30, 2008, before easing slightl
BorgWarner Inc reported a higher-than-expected quarterly profit on Thursday, driven by revenue that surpassed Wall Street estimates in a recovering global auto market. The company posted first-quarter earnings of $1 per share, above the analysts' average
Saudi Arabia and other Opec producers are having to play a difficult balancing act in keeping high oil prices from eroding demand while at the same time protecting the value of their lower-priced, more sulphurous crude. Middle East producers are selling t
Political wrangling in Lebanon has harmed the economy which is now expected to grow at 2.5 percent, down from an earlier projection of around 5 percent, the caretaker finance minister said on Thursday.
Oil-producing Azerbaijan plans to begin investing in publicly traded shares and real estate abroad in 2011 with cash from its $26 billion rainy-day oil fund, the fund's executive director said on Thursday. The state oil fund holds revenues from oil contra
Investors should be wary of calling a top to gold's price rally, as the ease with which it has scaled fresh peaks even in the face of recovering risk appetite shows the breadth of underlying support for the metal.
American Express Co is eyeing China and India as it expands beyond traditional credit card lending, the executive leading that expansion told Reuters. "We're spending a lot of time in India and China thinking about various approaches," Daniel Schulman, he
TSMC, the world's biggest contract chip maker, posted a second consecutive fall in quarterly profit on Thursday, matching forecasts, in part due to a decline in demand for notebook PCs. The company said in a statement that it saw no impact from Japan's ea
Emirates, the Arab world's largest airline, will spend about $10 billion a year to fund its fleet expansion over three years but is not under pressure to tap the bond market, a senior official said.
Australia's Albidon Ltd expects its reactivated Munali nickel mine in Zambia to produce 50,000 tonnes of nickel in concentrate this year, which will be sold at prevailing spot prices to Chinese metals refiner Jinchuan Group.
Helmerich & Payne Inc's quarterly profit missed market estimates, but the onshore oil and gas driller inked contracts to build more of its highly mobile rigs that are in demand as the industry shifts toward more oil- and liquids-rich prospects.
Helmerich & Payne Inc's quarterly profit missed market estimates, but the onshore oil and gas driller inked contracts to build more of its highly mobile rigs that are in demand as the industry shifts toward more oil- and liquids-rich prospects.
Franklin Resources Inc's quarterly profit beat expectations, helped by a rallying stock market and an inflow of cash from investors, the California asset manager said on Thursday.
Dubai Holding's main unit returned to profit in 2010 after a massive loss in the previous year on lower impairments and property sales, in the latest sign of a fledging rebound for the debt-ridden Gulf Arab emirate. Dubai Holding Commercial Operations Gro
Imperial Oil Ltd's first-quarter profit rose 64 percent on higher oil sands production and rich refining margins, Canada's second-largest oil producer and refiner said on Thursday. Imperial, the Canadian affiliate of Exxon Mobil Corp, earned C$781 million
Imperial Oil Ltd's first-quarter profit rose 64 percent on higher oil sands production and rich refining margins, Canada's second-largest oil producer and refiner said on Thursday. Imperial, the Canadian affiliate of Exxon Mobil Corp, earned C$781 million
Maple Leaf Foods Inc posted a higher-than-expected quarterly profit on Thursday as the Canadian food processor passed on rising raw material costs to its customers. The company, which sells products such as meat and bread under various brands from Schneid
Norway's Sevan Marine finalised the initial public offering of its oil drilling unit at 8 crowns ($1.52) a share, less than half the price it had hoped for and at the expense of raising money for itself. Debt-laden Sevan Marine set the IPO price on Thursd
Italians keep drinking coffee, despite rising prices, and this year they are consuming as much or even slightly more than in 2010 although they have more at home to save money, a senior industry official said. Italy is one of Europe's major coffee markets
Japan Post Insurance plans to trim its investment in Japanese government bonds in the current financial year as it seeks higher returns by buying more corporate and regional bonds, a senior company official said on Friday. State-owned Japan Post's insuran
The G8 and G20 will meet in Paris in June to prepare for a conference of the UN's nuclear agency sparked by the Fukushima disaster, the Organisation for Economic Co-operation and Development (OECD) said Thursday. "The G8 and G20 have decided that they wou
A new technique to clean waste water used in oil and natural gas production could reduce the environmental impact of controversial drilling practices, a study funded by the Department of Energy showed on Thursday. The nascent technology, which uses swelli
Germany will be more reliant on the fickle weather for electricity in May and the fourth quarter as reduced nuclear supply cuts capacity and renewable energy may struggle to fill the gap. Analysts said they see upwards pressure on power prices as a result
Panasonic Corp, Japan's biggest home appliance maker, is cutting about 17,000 jobs world-wide over two years as its losses swell from restructuring costs and damage from the March 11 disasters. President Fumio Ohtsubo said the company will streamline oper
Oshkosh Corp reported lower quarterly results and cut its defence segment outlook on Thursday, sending the specialty truckmaker's shares down nearly 9 percent. US defence spending pressures, as well as strained municipal budgets that cut demand for other
Pharmacy benefit manager Medco Health Solutions Inc posted a higher-than-expected quarterly profit, helped by a greater percentage of more profitable generic drugs dispensed even with no new important generics hitting the market during the period.
Ugandan opposition leader Kizza Besigye was dragged from his car at gunpoint by police on Thursday and thrown into a pickup truck during a fifth round of protests against high food and fuel prices. Besigye later appeared in court, slumped forward in his c
A former Costa Rican president who briefly served as chief of the Organisation of American States was convicted of corruption charges Wednesday and sentenced to five years in prison. Capping a yearlong trial, a judge found Miguel Angel Rodriguez guilty of
A Bahraini military court ordered the death penalty for four men on Thursday over the killing of two policemen in recent protests, state media said, a move that could increase sectarian strife in a close US ally. The ruling came amid heightened antagonism
Egypt will send a security team to the Gaza Strip to help implement a reconciliation agreement reached by rival Palestinian groups Fatah and Hamas, an Egyptian security source told Reuters on Thursday. Restructuring and unifying security forces in Hamas-r
News and information provider Thomson Reuters Corp's revenue growth ticked up in the first quarter as it reaped the benefits of heavy spending on new products, and the company said it plans to sell two more businesses to fund further investment.
News and information provider Thomson Reuters Corp's revenue growth ticked up in the first quarter as it reaped the benefits of heavy spending on new products, and the company said it plans to sell two more businesses to fund further investment.
Austrian oil and gas giant OMV said Thursday that its oil and gas production was down in the first quarter as a result of the current situation in Libya. OMV said in a statement that oil and gas output stood at a daily average of 304,000 barrels in the pe
Chile's industrial output surged in March and the central bank signalled it had room to carry on raising interest rates to keep ahead of inflation. Chile's industrial production expanded a seasonally adjusted 2.4 percent in March compared with February, t
Qatar Telecom said on Thursday its first-quarter net profit fell 36.5 percent, but the results beat analysts' expectations. The company reported a first-quarter profit of 762 million Qatari riyals ($209.5 million), down from 1.2 billion riyals in the year
Industrial and Commercial Bank of China, the world's largest bank by market value, said on Thursday its first-quarter net profit rose 29.5 percent on expanded margins following two interest rate hikes in the quarter. ICBC recorded a 53.79 billion yuan ($8