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Penelope Higareda
Mallinckrodt files for bankruptcy protection after U.S. opioid lawsuit
12.10.2020

Pharmaceutical company Mallinckrodt Plc filed for Chapter 11 bankruptcy protection on Monday after the firm faced lawsuits alleging its involvement in the U.S. opioid epidemic and lost a court battle to avoid paying higher rebates to state Medicaid programs for its top-selling drug. The company listed both assets and liabilities in the range of $1…

Gold prices gain amid strengthened Dollar, stalled U.S. stimulus talks
12.10.2020

Gold prices rose earlier on Monday in Asian trading after investors flocked to the safe-haven asset amid a strengthening Dollar strengthened and the stalling of talks over the latest U.S. stimulus measures. Gold futures gained 0.37%, trading at $1933.35 per ounce at 12:08 AM ET (4:08 AM GMT), its highest since September 21, which traded…

Singapore’s economic contraction milder in third quarter
07.10.2020

Singapore’s economic downturn eased in the third quarter as the city-state lifted coronavirus-driven restrictions. More so, in its next convocation, the central bank is expected to retain its current monetary policy. Gross domestic product is expected to record a 6.8% contraction from the same period a year ago, according to 11 economists who participated in…

Asian shares see two-week peak, resist U.S. stimulus drag
07.10.2020

Asian share markets recorded a two-week peak on Wednesday. This followed even after Wall Street and commodity prices plunged on U.S. President Donald Trump’s decision to cancel stimulus talks with lawmakers. MSCI”s broadest index of Asia-Pacific shares outside Japan recorded a 0.4% gain, hitting its two-week peak. Australian shares greatly contributed to the jump, tallying…

Dollar holds gains as Trump calls off U.S. stimulus talks
07.10.2020

The dollar held its ground against most peers on Wednesday after U.S. President Donald Trump cancelled talks on a stimulus package with Democrat lawmakers, prompting a safe-haven bid. Trump’s abrupt decision to cancel stimulus talks several weeks before the presidential election increases risks for the shaky U.S. economy. Against the euro, the dollar stood at…

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