Top Story

Mon 3:52 pm

Wall Street sinks as China selloff raises concerns on global growth

U.S. stocks slumped today, with equities headed for their longest losing streak since January,  following the sharpest drop in Chinese stocks in eight years, on worries cooling growth in the world's second-largest economy would hurt its key trading partners.

Breaking News

Monday, July 27, 3:30 pm

UBS reports 53% higher profits in Q2 2015 than last year

Shares of the UBS AG (NYSE:UBS) were trading 1.5% lower on Monday even as the Swiss banking group said it earned a net profit of CHF1.2 billion or US$1.25 billion for the second quarter 2015, up...

International

5:55 am

Optibiotix completes study on cholesterol reducing capsule

Unlike other products on the market, Optibiotix says this new supplement can also reduce the amount of cholesterol produced by the body.

Articles

  • TSX retreats for 7th session on heels of China selloff

    Canadian shares retreated for a seventh day, amid growing concerns the global economy is halting after Chinese shares slumped more than 8 percent, the most in eight years. The benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) rose 1 percent to 14,033.50 at 12:32 p.m. in Toronto. Seven shares declined for every issue that advanced as nine out of ten share groups were in the negative territory.

  • Teva to buy Allergan for $40.5 bln, drops Mylan bid

    Teva Pharmaceutical Industries (NYSE:TEVA), an Israeli drugmaker, agreed to buy Dublin-based Allergan PLC's (NYSE:AGN) generic pharmaceuticals business for $40.5 billion in cash and stock, and dropped its hostile offer for Mylan (NASDAQ:MYL). Teva will pay $33.75 billion in cash and $6.75 billion worth of shares at today’s price, or about 10 percent of the enlarged company, the Petach Tikva, Israel-based company said in a statement today. 

  • GlaxoSmithKline receives EU approval of its malaria fighting vaccine for children

    Approval from the EMA opens the door for a similarly favorable opinion from the World Health Organization (WHO), which could then decide whether to recommend vaccination in countries where malaria is endemic

  • Lithium – the metal of the future (if there's enough)

    Tesla is not alone in advancing lithium-powered battery technologies. 

    It’s headline-grabbing stuff - Elon Musk says that his Tesla Corporation (NASDAQ:TSLA) aims to accelerate technological and market development by up to ten years in the roll-out of electric cars.

  • Amazon.com swings to surprise Q2 profit, provides robust Q3 revenue guidance

    Amazon.com (NASDAQ:AMZN), an online retailer, reported an unexpected second-quarter profit, forecast third-quarter revenue above estimates, and reported strong sales in North America, and unprecedented growth in its popular Prime two-day unlimited shipping service. Shares surged.

  • Fiat Chrysler Automobiles files for Ferrari's IPO on the NYSE

    The IPO according to a press release will not result in the displacement of staff from Ferrari, nor reduce employment levels or the activities currently carried out by Ferrari in Italy and does not involve any reduction in the amount of taxes that Ferrari pays in Italy.

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