(MENAFN - AFP) French drugmaking group Sanofi reported on Tuesday that net profit slipped in the third quarter but that its main treatments were doing well and research for new drugs including a dengue fever vaccine looked promising.
But the price of shares in the group plunged by 7.01 percent in initial trading in response to the news that net profit had fallen by 2.4 percent ...
(MENAFN - AFP) SoftBank said Tuesday it would invest $627 million in Snapdeal, becoming the largest shareholder in India's leading online marketplace as the Japanese mobile carrier strengthens its presence in the fast-growing market.
The deal was expected to be completed by the end of November, said a SoftBank spokeswoman in Tokyo.
(MENAFN - AFP) Jack Ma, founder of e-commerce giant Alibaba, is China's richest person with a fortune of nearly $20 billion, as billionaires increase despite a slowdown in the country's economy, Forbes magazine said Tuesday.
The number of Chinese billionaires surged to 242 this year from 168 in 2013, Forbes said in its annual "China Rich List", which ranks the wealthy.
(MENAFN - AFP) Mining giant BHP Billiton is set to sell some of its shale gas assets in the United States, closing the chapter on a controversial acquisition three years ago that sparked a multi-billion dollar writedown.
The chief executive of the world's biggest miner, Andrew Mackenzie, said BHP was looking to sell its Fayetteville shale gas assets in Arkansas.