Business



Shareholders agree to Takeda’s $60bn Shire acquisition

Japanese drug giant Takeda’s mammoth $60-billion takeover of Irish pharmaceuticals firm Shire has been approved by both sets of shareholders, the pair said Wednesday. The proposed purchase, worth the equivalent of 51.5 billion euros or…



Oil pares gains amid trade and output cut uncertainty

“Now we’re starting to get uncertainty on both the trade and production cut fronts and the market is giving back those gains,” said Gene McGillian, director of market research at Tradition Energy in Stamford, Connecticut….


Trump’s China car tariffs claim sows confusion

Image copyright Getty Images A proposed cut by China to tariffs on US car imports created confusion in Washington, a day after it was announced by US President Donald Trump. Beijing has not yet confirmed…


Economic ‘red lines’ may clash with Trump plan

U.S. President Donald Trump and Chinese President Xi Jinping may have put their tit-for-tat tariff fight on hold, but differences between the two countries’ views on technology and state-supported businesses will challenge negotiations between the…



Qatar to pull out of OPEC on Jan. 1, says ministry

The State of Qatar, an oil-producing sovereign Arab emirate, said Monday that it will withdraw from the Organization of the Petroleum Exporting Countries. The announcement, just days ahead of a crucial OPEC meeting, was made…