International Business News http://www.ibtimes.com/rss/feed/drugshealth.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/drugshealth.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif Oil fell for a second straight session on Monday as the end of the driving season in the United States and record petroleum stockpiles there fueled doubt that supplies would drain in the face of tepid economic growth. http://www.ibtimes.com/articles/20100906/oil-dips-towards-74-ons-glut-driving-season-end.htm http://www.ibtimes.com/articles/20100906/oil-dips-towards-74-ons-glut-driving-season-end.htm Mon, 06 Sep 2010 03:34:24 EDT The dollar dipped on Monday and looked poised to test a 15-year low against the yen after failing to retain gains made after U.S. jobs data, although caution about Japanese intervention deterred further yen buying. http://www.ibtimes.com/articles/20100906/dollar-vulnerable-hovering-near-15-yr-low-vs-yen.htm http://www.ibtimes.com/articles/20100906/dollar-vulnerable-hovering-near-15-yr-low-vs-yen.htm Mon, 06 Sep 2010 03:31:59 EDT Shares in Hon Hai Group <2317.TW>, maker of Apple's <AAPL.O> iPhones, fell as much as 4 percent on Monday after its chairman was quoted as saying in a report that the group will halve its long-term sales growth target to 15 percent annually. http://www.ibtimes.com/articles/20100906/hon-hai-shares-fall-after-reports-on-sales-target-cut.htm http://www.ibtimes.com/articles/20100906/hon-hai-shares-fall-after-reports-on-sales-target-cut.htm Mon, 06 Sep 2010 03:24:04 EDT Asian stocks touched one-month highs on Monday and European bourses extended last week's rally, as investors bet a recent run of better-than-expected economic data meant the world was not going to slide back into recession. http://www.ibtimes.com/articles/20100906/asia-stocks-hitmonth-high.htm http://www.ibtimes.com/data/articleimgs/258128-people-are-reflected-instock-index-board-outsidebrokerage.jpg http://www.ibtimes.com/articles/20100906/asia-stocks-hitmonth-high.htm http://www.ibtimes.com/articles/20100906/asia-stocks-hitmonth-high.htm Mon, 06 Sep 2010 03:16:02 EDT China will allow insurers to broaden their investment channels into private equity and real estate, a long-awaited move that could unleash as much as $100 billion worth of fresh funding into unlisted firms and the property sector. http://www.ibtimes.com/articles/20100906/china-allows-insurers-to-invest-in-pe-property.htm http://www.ibtimes.com/articles/20100906/china-allows-insurers-to-invest-in-pe-property.htm Mon, 06 Sep 2010 02:48:03 EDT President Barack Obama launches several economic initiatives this week aimed at generating some desperately needed U.S. job growth and limiting predicted Democratic losses in November 2 congressional elections. http://www.ibtimes.com/articles/20100906/obama-launches-big-week-on-economy.htm http://www.ibtimes.com/data/articleimgs/258127-upresident-obama-delivers-remarks-on-the-latest.jpg http://www.ibtimes.com/articles/20100906/obama-launches-big-week-on-economy.htm http://www.ibtimes.com/articles/20100906/obama-launches-big-week-on-economy.htm Mon, 06 Sep 2010 01:16:02 EDT Australia's top investment bank Macquarie Group Ltd <MQG.AX> warned investors it would miss profit forecasts after weak markets took a toll on its trading and advisory business, sending its shares to a 15-month low. http://www.ibtimes.com/articles/20100906/australias-macquarie-warns-on-profit.htm http://www.ibtimes.com/data/articleimgs/258126-file-photo-ofman-standing-next-tomacquarie-bank.jpg http://www.ibtimes.com/articles/20100906/australias-macquarie-warns-on-profit.htm http://www.ibtimes.com/articles/20100906/australias-macquarie-warns-on-profit.htm Mon, 06 Sep 2010 00:56:02 EDT China plans to relax rules to allow smaller fund houses to launch overseas investment products, the Securities Times reported on Monday, citing an unnamed source. http://www.ibtimes.com/articles/20100905/china-may-relax-capital-rules-for-qdii-funds-report.htm http://www.ibtimes.com/articles/20100905/china-may-relax-capital-rules-for-qdii-funds-report.htm Sun, 05 Sep 2010 23:48:01 EDT BP <BP.L> has revived the sale of its Alaskan assets after failing to offload them to U.S. oil and gas company Apache <APA.N> in July, the Financial Times reported on Monday. http://www.ibtimes.com/articles/20100905/bp-restarts-sale-of-alaskan-assets-report.htm http://www.ibtimes.com/articles/20100905/bp-restarts-sale-of-alaskan-assets-report.htm Sun, 05 Sep 2010 22:56:03 EDT The U.S. economy appears to be trudging along, neither booming nor busting, growing steadily enough to diminish double-dip recession fears but not quickly enough to bring down unemployment. http://www.ibtimes.com/articles/20100905/what-might-make-thes-fed-flinch.htm http://www.ibtimes.com/data/articleimgs/258125-federal-reserve-board-chairman-bernanke-makes-his.jpg http://www.ibtimes.com/articles/20100905/what-might-make-thes-fed-flinch.htm http://www.ibtimes.com/articles/20100905/what-might-make-thes-fed-flinch.htm Sun, 05 Sep 2010 17:08:02 EDT Debt levels that ran up ahead of the financial crisis have shown only a modest decline since and are likely to fall sharply in the coming years, a study said. http://www.ibtimes.com/articles/20100905/debt-levels-should-fall-after-pre-crisis-jump-bis.htm http://www.ibtimes.com/articles/20100905/debt-levels-should-fall-after-pre-crisis-jump-bis.htm Sun, 05 Sep 2010 17:08:02 EDT A web page casting doubt on the religious credentials of the family of Egyptian presidential hopeful Mohamed ElBaradei has become the latest focus of an online battle for votes. http://www.ibtimes.com/articles/20100905/egypts-political-battle-lines-drawn-on-the-web.htm http://www.ibtimes.com/articles/20100905/egypts-political-battle-lines-drawn-on-the-web.htm Sun, 05 Sep 2010 16:40:02 EDT Oracle Corp has offered a job to Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal involving inaccurate expense receipts related to a female contractor, according to a source familiar with the situation. http://www.ibtimes.com/articles/20100905/oracle-offered-job-to-ex-hp-ceo-hurd-says-source.htm http://www.ibtimes.com/data/articleimgs/258124-file-photo-of-hp-ceo-hurd-speaking.jpg http://www.ibtimes.com/articles/20100905/oracle-offered-job-to-ex-hp-ceo-hurd-says-source.htm http://www.ibtimes.com/articles/20100905/oracle-offered-job-to-ex-hp-ceo-hurd-says-source.htm Sun, 05 Sep 2010 13:32:02 EDT The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said. http://www.ibtimes.com/articles/20100905/taxpayers-may-face-initial-loss-on-gm-ipo-sources.htm http://www.ibtimes.com/data/articleimgs/258123-chevrolet-cars-are-seen-atgm-dealership-in.jpg http://www.ibtimes.com/articles/20100905/taxpayers-may-face-initial-loss-on-gm-ipo-sources.htm http://www.ibtimes.com/articles/20100905/taxpayers-may-face-initial-loss-on-gm-ipo-sources.htm Sun, 05 Sep 2010 11:08:01 EDT The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's First Managing Director, John Lipsky, said on Sunday. http://www.ibtimes.com/articles/20100905/imfs-lipsky-says-moderate-world-recovery-underway.htm http://www.ibtimes.com/data/articleimgs/258122-john-lipsky-the-imfs-first-deputy-managing.jpg http://www.ibtimes.com/articles/20100905/imfs-lipsky-says-moderate-world-recovery-underway.htm http://www.ibtimes.com/articles/20100905/imfs-lipsky-says-moderate-world-recovery-underway.htm Sun, 05 Sep 2010 01:08:02 EDT President Barack Obama, previewing a big push on the U.S. economy next week, on Saturday defended policies that he said "have stopped the bleeding" and put the middle class on the road to recovery. http://www.ibtimes.com/articles/20100904/obama-says-his-economic-policies-halted-bleeding.htm http://www.ibtimes.com/data/articleimgs/258121-president-obama-delivers-remarks-on-the-latest.jpg http://www.ibtimes.com/articles/20100904/obama-says-his-economic-policies-halted-bleeding.htm http://www.ibtimes.com/articles/20100904/obama-says-his-economic-policies-halted-bleeding.htm Sat, 04 Sep 2010 22:16:01 EDT Venezuelan President Hugo Chavez has approved a $690 million payment to French retailer Casino and other owners of a supermarket chain nationalized earlier this year, state media said on Saturday. http://www.ibtimes.com/articles/20100904/venezuela-oks-payment-for-french-retailer-casino.htm http://www.ibtimes.com/articles/20100904/venezuela-oks-payment-for-french-retailer-casino.htm Sat, 04 Sep 2010 19:16:02 EDT Craigslist.com has dropped its "adult services" listings, which have become the target of U.S. state attorneys general who say the much-visited online classified ad site is not doing enough to quash prostitution. http://www.ibtimes.com/articles/20100904/craigslist-com-blocks-access-to-adult-services-ads.htm http://www.ibtimes.com/articles/20100904/craigslist-com-blocks-access-to-adult-services-ads.htm Sat, 04 Sep 2010 18:24:03 EDT Russian tennis ace Maria Sharapova has been pitted against yet another little known American teenager Betreace Capra in the third round match-up. http://www.ibtimes.com/articles/20100904/capra-face-sharapova-third-round-live.htm http://www.ibtimes.com/articles/20100904/capra-face-sharapova-third-round-live.htm Sat, 04 Sep 2010 13:45:43 EDT Japanese Finance Minister Yoshihiko Noda said on Saturday Tokyo would take decisive steps to stem the yen's rise when needed, while suggesting that coordinated currency market intervention was a difficult option. http://www.ibtimes.com/articles/20100904/japan-noda-warns-on-yen-suggests-joint-steps-difficult.htm http://www.ibtimes.com/articles/20100904/japan-noda-warns-on-yen-suggests-joint-steps-difficult.htm Sat, 04 Sep 2010 11:15:00 EDT