Valeant CEO Mike Pearson is back from medical leave

The turnabout came days after Valeant said it would delay filing its annual report with the Securities and Exchange Commission, pending completion of an ad hoc committee's examination of the company's controversial business partnership with Philidor ... More..

by | Published more than a month ago
China's Central Bank Chief Says No Basis For Further Yuan Devaluation
by | Monday, February 29, 2016

China's Central Bank Chief Says No Basis For Further Yuan Devaluation

Concerns about China's slowing economy, declining foreign exchange reserves and capital outflows are likely to keep pressure on the yuan and sustain fears of an eventual large devaluation. In early afternoon on...More..

In symbolic move, Starbucks to open first shop in Italy
by | Monday, February 29, 2016

In symbolic move, Starbucks to open first shop in Italy

Italy may prove to be a challenging market as the coffee culture there is mainly independent and not as leisurely as the Starbucks experience. The country has a well-established market and culture for espresso,...More..

Saudi Arabia halts $3B Lebanese arms deal amid Iran dispute
by | Monday, February 29, 2016

Saudi Arabia halts $3B Lebanese arms deal amid Iran dispute

One deal involves a four-year, $3 billion Saudi pledge to buy French arms for the Lebanese military. It added that the remainder of a $1 billion financing package for Lebanese security forces had been suspend...More..

Union Budget 2016: Proposal for compliance window to declare undisclosed income
by | Monday, February 29, 2016

Union Budget 2016: Proposal for compliance window to declare undisclosed income

Lauding the initiatives taken in this year's budget, Advani said, "All this shows that the Prime Minister and the Finance Minister have adopted an approach that promises to make India stronger and more prospero...More..

3 ex-execs of utility charged in Fukushima disaster
by | Monday, February 29, 2016

3 ex-execs of utility charged in Fukushima disaster

The Fukushima Daiichi plant suffered a series of meltdowns following a massive natural disaster and tsunami. The arraignments of the top executives include charges that their negligence, following a huge eart...More..