It is a disappointing share decline for Tetraphase Pharmaceuticals Inc. when its manufactured drug, eravacycline failed to proved its efficiency to cure bacteria called superbugs. It may be better than Merck's ertapenem but not with Johnson & Johnson's levofloxacin.

Sep 11, 2015 04:45 AM EDT

Facebook announced on Tuesday that the new update will allow businesses to make full use of the platform to engage with their customers.

Sep 10, 2015 05:16 AM EDT

After withdrawing from launching plans of Singapore Futures exchange for three times, ICE has set a date for launching it on 17 November. It'll offer five five futures contracts in Brent, gasoil, gold and two contracts in Yuan currency.

Sep 10, 2015 05:59 AM EDT

UK stocks rises for the third day closing at 6,2229.01, up 1.35 percent yesterday marking this week as the best week since April

Sep 10, 2015 05:46 AM EDT

Surfwear chain Quicksilver Inc. filed for bankruptcy and plans to hand control over to Oaktree Capital Management LP.

Sep 10, 2015 03:32 AM EDT

Oil prices finally moved up to positive territory Wednesday with small gains in Asian market due to stronger sentiments from some of the major financial markets in the region.

Sep 10, 2015 08:09 AM EDT

Richard Li, the Hong Kong billionaire, will compete against Netflix and ShowMax in South Africa. His company, PCCW Media purchased Vuclip last March making the VOD service available in South Africa next week.

Sep 10, 2015 07:46 AM EDT

After the strategic partnership with Yurun, there wouldn't be immediate change in Sunac China Holding's ratings, according to rating agency Moody's. Investors of Sunac reacted negatively pushing share price down, while shares of Yurun posted encouraging rise. Sunac's CEO Sun Hongbin stepped down, but will remain as Chairman of the group.

Sep 10, 2015 07:25 AM EDT

The high volatility in the global oil market has led to huge offloading in 'The US Oil Fund.' 19.3 mn shares were sold off making it a record weekly redemption since the ETF inception in 2006. global economy slowdown particularly adverse conditions in China market are adding to the volatility in oil price.

Sep 10, 2015 07:01 AM EDT

Kirin, the leading Japanese brewery brand is seeking more stake purchase of Southeast Asian companies as the economic growth in the area continues to rise.

Sep 10, 2015 09:08 AM EDT

South African insurance company MMI Holdings' profit fell 9.8% for the year ending June. Market volatility, inflation rise and economic slowdown impacted the insurer's performance. As part of its diversification plan, MMI Holdings is expanding overseas and developing new products.

Sep 10, 2015 11:19 PM EDT

For the first time ever since Chinese economy started slowing down, the country's leaders expressed concerns over the current situation in the domestic market. China President Xi Jinping called the economy slowdown as 'The New Normal.

Sep 10, 2015 04:53 AM EDT