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Novartis signs world's first licensing deal for high-priced cancer drug

The oral drug, nilotinib, is used to treat chronic myeloid leukemia and may be made in Egypt, Guatemala, Indonesia, Morocco, Pakistan, the Philippines, and Tunisia

Elon Musk says Tesla will be bigger than Apple. Analysts say not so fast

The electric-vehicle maker reported lackluster third-quarter results on Wednesday, with revenue and margins missing estimates even as profit beat.

Blackstone's Q3 profit falters as rising interest rates chill dealmaking

Distributable earnings in the quarter ended Sept 30 fell 16% to $1.37 billion, Blackstone reported on Thursday

Cash-for-gold lender Muthoot Finance joins trend shunning new dollar debt

Muthoot Finance Ltd. is extending a trend in emerging Asia that's dragged down bond issuance in the US currency to its lowest since 2015

Europe Is Buying Up Cheaper Brazilian Ethanol Amid Energy Crisis

Prices for natural gas and power are so high in Europe that some ethanol makers have considered shutting down plants

Sinking in polls, Japanese leader renews unorthodox inflation bet

Japanese leader Fumio Kishida has seen his approval rating plummet of late along with the yen. But he's sticking with his world-defying bet on loose monetary policy even as voter dissatisfaction grows

Russia-Ukraine war: Putin finds himself tested even by most reliable allies

Central Asia remains tethered to Russia through basics like trade and pipelines, and that won't change overnight

China's underground market for semiconductors draws desperate automakers

Opportunists the world over have seized on the chips shortfall, jacking up the price companies pay for the crucial circuital components

Hong Kong cuts property taxes, eases visa rules to attract global talent

Hong Kong Chief Executive John Lee unveiled a sweeping plan to woo talent back to the city and ease its housing woes, in a bid to revive its status as a thriving international finance hub

Indian airline Akasa Air ekes out 1% share of skies as IndiGo leads pack

Chief Executive Officer Vinay Dube has said Akasa is financially strong enough to place larger orders and expand its fleet to 72 aircraft within five years.

$121-million Individual bond sale on the anvil for Adani Enterprises

Adani Ports' seven dollar-denominated notes have lost about 14% on average so far this year, while Adani Electricity Mumbai's 2030 securities have retreated about 17%.

Mukesh Ambani purchases beach-side Palm Jumeirah villa in Dubai for $163 mn

The billionaire has been snapping up properties overseas, increasingly looking westward for second homes

UK inflation jumps more than expected to 40-year high as food prices soar

The Consumer Prices Index rose 10.1% last month from 9.9% the month before, the Office for National Statistics said Wednesday.

Biden open to new Strategic Petroleum Reserve sale as last tranche released

President Joe Biden will announce the plan Wednesday, senior administration officials told reporters Tuesday evening on condition of anonymity to preview his remarks

Apple unveils its first redesigned iPads, lower-cost set-top TV box

The changes help revitalize products that are often overshadowed by Apple's iPhone, the company's biggest moneymaker

Energy stockpiling in overdrive soothes worries of winter shortfall

Europe's natural gas storage sites are about 92% full, above the the five-year average of 87.6%. Germany has hit 95%, a level it aimed to reach by Nov. 1

Lula losing Brazil's biggest state forces urgent campaign kick start

Lula unexpectedly lost the overall state of Sao Paulo to Jair Bolsonaro by almost seven percentage points, a defeat that has Lula's team scrambling to shore up support before the Oct. 30 showdown

Uday Kotak, Asia's richest banker, weighs $1-bn real estate fund: Report

Kotak Investment plans to complete the fundraising by the end of this year and to embark on its investment in 2023, focusing on residential property in India's top five cities

Zoom to Moderna: The extraordinary rise and fall of Covid billionaires

Their rise and subsequent slump were sharper than the other 131 members of the Bloomberg Billionaires Index whose net worth more than doubled, but wasn't as reliant on how Covid altered lives

Apple launches its redesigned iPads and lower-cost set-top TV box

Apple typically generates roughly 10% of its revenue from the iPad, which was a popular item during the early days of the pandemic but also suffered from supply shortages