India Says Roche Failed To Secure Patent For Herceptin Due To Procedural Failures
In a bid to clear misconceptions over foreign drugmakers' patent setbacks, the Indian government says Roche is to blame for its patent rejection.
Iran’s New President Hassan Rouhani Takes Charge Amid Concerns In Israel, US That Tehran Could Produce Plutonium Bombs
Reformist President Hassan Rouhani was sworn in on Sunday, amid concerns that Iran may pursue an alternative path to develop nuclear weapons.
Plunge In Global Coal Prices Threatens To Trigger Financial Crisis In Northern China’s Coal-Producing Counties
A credit crunch, fueled by a drop in coal prices, may plunge China's coal-producing regions into a financial crisis.
Japan PMI Data For July Show Slowing Growth In Services And Composite Sectors
Growth in Japan’s services sector was at its weakest in nine months amid stagnation in new business and employment, a new survey shows.
US Issues Worldwide Monthlong Travel Alert Over Al Qaeda Attack Threat
The U.S. says al Qaeda chatter suggests terrorists are planning to attack American targets in the Middle East and North Africa.
Botulism Poisoning: New Zealand’s Fonterra Says Whey Protein Exported To 6 Countries Including China, Australia May Be Tainted
Botulism toxin may have tainted a Fonterra product exported to China, Australia, Thailand, Malaysia, Vietnam and Saudi Arabia.
Berlusconi Verdict Undermines Stability Of Enrico Letta’s Ruling Coalition
The ruling has deepened differences within the government comprised of Berlusconi’s center-right party and PM Letta’s center-left party.
Sprouts Farmers Market Shares Double On First Day Of Trading, Post Better Post-IPO Performance Than LinkedIn
The organic grocer’s shares climbed more than 111 percent to close at $38.05 apiece on Thursday, the best debut performance since LinkedIn's IPO.
US Embassies, Consulates In Countries In The 'Muslim World' To Be Closed On Aug. 4 Over Security Warning
Security considerations prompted the move, the U.S. State Department said, without revealing details about any potential threat.
HSBC’s India Manufacturing PMI For July Marginally Falls; Goldman Sachs Downgrades Indian Equity To Underweight
Indian stocks suffer a downgrade by Goldman Sachs while a separate survey shows factory activity dropped in July.
House Approves Bill To Cut Interest Rate On Student Loans By Linking It To Bond Market
The bill allows undergraduates to borrow at 3.86 percent interest this year, based on the 10-year U.S. Treasury note yield on June 1.
US Secretary Of State John Kerry Visits Pakistan For Talks With Prime Minister Nawaz Sharif And Army Chief Kayani On Economy, Energy, Security Issues Including Drone Strikes
John Kerry will meet with Pakistani PM Nawaz Sharif, who is trying to revive the economy, end militancy and resolve an energy crisis.
Eurozone Unemployment Increases Year On Year, Inflation Rates Hold Steady In July
There were 1 million more jobless in the EU than in June 2012, and youth unemployment neared 60% in Greece and Spain.
Pentagon, Lockheed Martin Reach Agreement For 71 Cheaper F-35 Aircraft As Sequestration Impacts Defense Budget
The deal, estimated to be worth more than $7 billion, will allow the Pentagon to acquire F-35s at discounted prices following budget cuts.
Telangana Will Be India’s 29th State, After Congress-Led Ruling UPA Coalition Approves Creation Of New State By Dividing Andhra Pradesh
The decision, subject to final parliamentary approval, will pave the way for India’s 29th state.
Israeli-Palestinian Peace Negotiators Aim To Reach An Agreement Within Nine Months
Secretary of State John Kerry said the two parties will meet within the next two weeks to start negotiations.
Pakistani Taliban Free Hundreds Of Prisoners In A Major Attack On A Prison In Dera Ismail Khan
Militants dressed in police uniforms, on Monday night, attacked a prison in Dera Ismail Khan located near Pakistan’s restive tribal region.
Time Warner Cable Retains CBS After Temporary Blackout In New York, Los Angeles
A fee dispute with Time Warner led to a temporary blackout of CBS stations in New York and Los Angeles on Monday night.
Britain Will Impose Cash Bond Worth 3,000 Pounds For Every Visa For Visitors From Six Commonwealth Nations In Asia, Africa
Britain’s Home Office has confirmed the plan despite complaints of discrimination from the targeted countries.
US Regulator FERC Accuses JPMorgan Of Manipulating Electricity Market, Ahead Of Financial Settlement
The notice of alleged violations came ahead of an impending financial settlement between energy regulator, FERC, and the biggest U.S. bank.
Japan’s Prime Minister Shinzo Abe May Reconsider Proposed Tax Hikes; Japan’s Central Bank Governor Says Tax Hike Won’t Impact Economy
Japan's Shinzo Abe will consider raising the sales tax -- a move supported by BoJ -- based on Q2 GDP's performance.
China Orders An Audit Of Government Debt Amid Slowdown And Concerns Over Impact Of Local Government Debt On Banking System
The order comes as GDP growth slows and worries mount over vulnerabilities in local government finances and their effect on the banking system.
Saudi Arabia Unveils Riyadh Metro Project Worth $22.5 Billion; Bechtel, AECOM Among Foreign Companies Part Of The Project
Riyadh’s first metro system is expected to create jobs and ease traffic problems, as the government seeks to diversify Saudi Arabia's economy.
Muslim Brotherhood Says Dozens Of Supporters Of Ousted President Mohamed Morsi Killed In Firing By Egypt’s Security Forces In Cairo
At least 70 people were said to be killed in Cairo on Saturday when Egyptian security forces opened fire on supporters of ousted President Morsi.
Qatar Airways Grounds Boeing 787 Dreamliner Due To Technical Trouble Amid New Reports Of Damaged Components
Boeing's 787 aircraft continues its bumpy flight, with Qatar Airways, Air India, United Airlines and ANA Holdings reporting troubles.
Narendra Modi Row: Indian Economist Amartya Sen Offers To Relinquish India's Highest Civilian Honor
Narendra Modi, head of the Indian state of Gujarat, who has been denied a U.S. visa, recently drew the disapproval of Amartya Sen.
Smithfield’s Proposed Acquisition By Shuanghui Fuels Concerns About Heparin Drug Safety And Supply
U.S. lawmakers have sought information from Smithfield Foods on the impact of its purchase by Shuanghui on heparin's safety and availability.
Halliburton Pleads Guilty To Destroying Evidence Related To The 2010 Deepwater Horizon Disaster
The energy-services giant will plead guilty to destroying evidence linked to the 2010 Deepwater Horizon disaster that killed 11 workers.
Edward Snowden Not Granted Permission To Leave Moscow Airport, His Lawyer Says
The U.S. fugitive would have to stay at the airport until his request for temporary asylum is granted by Russian authorities.
Bo Xilai, Former Chinese Communist Party Official, Indicted On Charges Of Bribery, Corruption, Abuse Of Power
A former rising star is the latest casualty in China's recent crusade to clean up the workings of its functionaries.