Valeant's U.S.-listed shares were up 16 percent at $30.27 in premarket trading. The drugmaker said on Tuesday it was on schedule to file its annual report on or before April 29 and that it would be in compliance with all financial covenants in its credit facility at the end of each affected quarterly period. The company said last week it had asked its lenders for...
WASHINGTON/ NEW YORK, April 4- The U.S. Treasury Department took new steps on Monday to curb tax-avoiding corporate "inversions," with the pending $160 billion merger of Pfizer Inc and Allergan Plc seen as a potential casualty. Shares of Dublin- based Allergan fell 22 percent in after-market trading, while shares of New York- based Pfizer rose 3 percent.
WASHINGTON/ NEW YORK, April 4- The U.S. Treasury Department took new steps on Monday to curb tax-avoiding corporate "inversions," with the pending $160 billion merger of Pfizer Inc and Allergan Plc seen as a potential casualty. Shares of Dublin- based Allergan fell 22 percent in after-market trading, while shares of New York- based shares rose 3 percent.
*Australia dollar edges down as RBA decision awaited. TOKYO, April 5- Asian shares slipped in early trade on Tuesday, pressured by losses on Wall Street against a backdrop of slumping crude oil prices and mixed messages on the outlook for U.S. monetary policy. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 percent, after...
SAO PAULO, April 4- Management at Brazil's state-run oil firm Petrobras is not discussing an imminent fuel price cut, two company executives said on Monday, as shares of the firm fell nearly 7 percent on reports of a planned decrease. It is a common practice in Brazil for officials to leak sensitive decisions to media as a way to test public opinion without having to...
Heather Lowe, Legal Counsel & Director of Government Affairs, Global Financial Integrity, walks through the ways that the rich and powerful of the world hide and move their money around the world.
CNBC's Eamon Javers reports the latest on the Panama Papers leak including a response from the accused law firm Mossack Fonseca.
Steven Winoker, Bernstein senior analyst, explains his downgrade of General Electric.
Boris Schlossberg of BK Asset Management, and Gina Sanchez of Chantico Global discuss which companies and industries benefit from a weaker dollar with Brian Sullivan.
Taiwan's Foxconn Wednesday agreed to acquire Sharp at a big discount to its original offer after a month of wrangling.
Two Chinese banks fell on their first trading day in Hong Kong on Wednesday, reflecting investor fears about non-performing loans and bad debt.
CNBC Contributors Jeffrey Sonnenfeld of the Yale School of Management, and Bill George, former Medtronic chairman & CEO, talk about the leadership challenges facing Alphabet with the various companies in the corporate structure.
Despite China's limits on property financing, real estate is still a favorite asset class of the Chinese, said CLSA's regional property research head.
China's massive pension fund is likely to start investing in the mainland's A-shares this year, state-run China Daily reported on Monday.
Netflix has been lowering the quality of its videos to most wireless networks for more than five years, the WSJ reported.
PetroChina is “substantially overstaffed,” said Bernstein’s senior oil and gas analyst, Neil Beveridge.
The resource sector is seeing signs of recovery, but investment bank Goldman Sachs is still underweight on the segment's stocks.
Layoffs in Singapore have hit their highest levels since the global financial crisis due to sustained low oil prices hits.
The oil market is reaching some stability after earlier volatility, the vice chairman of Saudi petrochemicals giant SABIC said.
An iron ore oversupply still needs to "work through the system," Fortescue chairman Andrew Forrest warned.