Tuesday 4 August 2015

Drugmaker Shire bids $30bn for Baxalta

Drugmaker Shire said on Tuesday it was seeking to buy Baxalta, a company spun-off by Baxter International last month, for $30 billion to forge the leading global specialist in rare diseases. The London-listed group went public with its approach after the US firm turned it down. S


UK takes $1.7bn hit in RBS sell-off

Britain took a £1.1 billion pound ($1.7 billion) loss on its first sale of shares in Royal Bank of Scotland (RBS) on Tuesday, sparking accusations from opposition politicians of an unnecessarily rushed and costly disposal. The UK government sold a 5.4 per cent stake in RBS


Syrian National Congress sought to solve crisis

Four leading Arab politicians and thought leaders have called for the convening of the second Syrian National Congress in a bid to solve the Syrian crisis. "This is the only way (out)," said Abdelelah Alkhatib, former foreign minister of Jordan; Amr Moussa, former secre


11 killed in India building collapse

At least 11 people were killed and seven injured when a building collapsed in the Thane district of India's Maharashtra state this morning. Officials said more than 15 people could be still trapped inside the building. Rescue operations are currently under way.


Gold close to 5-1/2-year low on US rate worries

Gold dropped for a third session in four on Tuesday, closing in on a 5-1/2-year low, pressured by expectations that the Federal Reserve was well on course to raise interest rates this year. While US data on Monday suggested the world's largest economy may have lost some momen


Oil edges up after 5pc fall, but outlook weak

Oil prices edged up in early Asian trading on Tuesday following a 5 per cent fall in the previous session, as high global production and a weakening economic outlook, especially in Asia, prompted analysts to warn of further falls. Oil output by the Organization of the Petroleum E


US, Gulf states will counter detabilising actions: Kerry

The United States and Gulf Arab allies are preparing to counter destabilising actions in the Gulf, US Secretary of State John Kerry said on Monday after talks with Gulf states on a nuclear deal between their regional rival Iran and world powers. Kerry also told a news conference


Iran meddling must stop, Gulf states tell Kerry

Iran's nuclear deal should bring stability and "good neighbourliness" rather than interference, Gulf Arab states told US Secretary of State John Kerry on Monday as they began talks on the merits of its historic accord with world powers. Qatari Foreign Minister Khali


Floods, landslides kill 75, displace thousands in India

At least 75 people have died and tens of thousands have had to take refuge in state-run relief camps after heavy rains caused floods and landslides in eastern India, government officials and aid groups said on Monday. Exacerbated by Cyclone Komen which struck the east coast on Fr


Sheikh Ahmad coy about who should succeed Blatter

As the candidates hoping to succeed Fifa's outgoing president Sepp Blatter continue to lobby for support, the political kingmaker who could have a big influence on who gets the job says world soccer has more to worry about than picking its next boss. Having been conspicuously

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