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Bloomberg Tencent Holdings Ltd.’s equity bulls keep facing so many setbacks these days that you wonder when its loyal shareholders will cave. For them, it’s becoming all too familiar: the shares slump on some negative news and analysts rush to say buy, calling it an excellent time to load up on a stock that’s long been among Hong Kong’s most ...

Bloomberg Vertex Pharmaceuticals Inc.’s cystic fibrosis medicine Orkambi will be subsidized by the Australian government from next month. The medicine will be available on the Pharmaceutical Benefits Scheme from October 1 for all patients over the age of six who have the most common form of cystic fibrosis, Prime Minister Scott Morrison said in a statement. “This will provide over ...

Bloomberg Xi Jinping’s government has demonstrated a unique ability to exert control over everything from political speech to the internet. It may now have met its match: China’s children. The country’s kids have taken to digital games like those around the world, playing hours of Honour of Kings and PlayerUnknown’s Battlegrounds. Their enthusiasm has made China’s the world’s biggest game ...

Bloomberg President Donald Trump wants to move ahead with a plan to impose tariffs on $200 billion in Chinese imports as soon as a public-comment period concludes this week, according to six people familiar with the matter. Asked to confirm the plan in an interview with Bloomberg News in the Oval Office, Trump smiled and said it was “not totally ...

Bloomberg Swiss pharmaceutical company Novartis AG wants to increase its operating margins by making production and other processes more efficient as it positions for possible further declines in US drug prices, its chairman said in an interview. Joerg Reinhardt told the newspaper NZZ am Sonntag that his company is taking steps to increase its operating profit margin towards 35 percent ...

Bloomberg The head of the World Trade Organization has responded to President Donald Trump’s threat to leave the institution by warning such a move would cause chaos for US companies operating around the world. In an Oval Office interview with Bloomberg, Trump warned that he would withdraw from the WTO “if they don’t shape up.” The president also called the ...

Bloomberg Coca-Cola Co. is making an audacious move into coffee and retail outlets with the $5.1 billion purchase of UK chain Costa, its biggest acquisition in eight years and a push into the fiercely competitive java market. The soft-drinks company swooped in after Whitbread Plc announced a plan in April to spin off the business. The transaction gives Coca-Cola instant ...

DUBAI / Emirates Business The Dubai Gold and Commodities Exchange (DGCX) has recorded its highest ever daily Indian Rupee (INR) volume, trading 126,055 contracts on August 13. On the same day, the Exchange’s overall volume touched 185,630 contracts worth $4.17 billion, its second highest daily notional value since inception. Amidst continued market volatility, the DGCX traded over 2.08 million contracts ...

Bloomberg President Donald Trump slammed what he termed ‘decades of abuse’ by Canada with a new threat to terminate the North American Free Trade Agreement (Nafta), a day after talks with the US’s northern neighbor stalled hours before a deadline. “There is no political necessity to keep Canada in the new Nafta deal. If we don’t make a fair deal ...

Bloomberg Crude rose this month as sanctions on Iranian oil stoked concern that supplies will contract, overshadowing speculation that a US-China trade war will weaken demand. Futures in London settled 4.3 percent higher in August, the biggest monthly gain since April and US crude also rose for the month. Yet, both benchmarks faltered as Saudi Arabia was said to raise ...