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August, 26, 2016

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Business
U.S. homebuyers pulled back in July, as sales declined amid a shortage of available properties and steadily rising prices.
 
Oil prices turned higher in Asian trade Thursday, a day after suffering hefty losses in response to data showing a surprise jump in U.S. stockpiles, while hopes for a deal to limit output were dealt a blow.
 
German business confidence made a steeper fall in August than expected, slipping to its lowest level since December 2014, the Ifo economic institute said on Thursday.
 
Officials have revised Spain's quarterly economic growth figure for the April-June period upward, from 0.7 percent to 0.8 percent, welcome news for a country in its eighth month without a fully functioning government.
 
China's main offshore oil and gas producer CNOOC saw its shares on the Hong Kong stock exchange fall Thursday, after it reported a US$1.16 billion net loss for the first half of 2016.
 > China
 
Drugmaker Pfizer Inc. is continuing its shopping spree with its fourth acquisition since the April collapse of its planned US$160 billion megadeal to buy rival Allergan PLC and move its headquarters, on paper, to Allergan's base in lower-tax Ireland.
 
The European Commission and Portugal said Wednesday they have agreed on a 5-billion-euro deal to recapitalize the state-owned Caixa Geral de Depositos bank, including through a 2.7-billion-euro injection of state
 
North Sea oil revenues for Scotland have plunged, according to official data out on Wednesday that unionists said undermined the case for independence following Britain's vote to leave the European Union.
 
2 syringes for US$600: How EpiPen-maker Mylan continued to up prices
Sky-high price hikes for EpiPen, the injected emergency medicine for severe allergic reactions to foods and bug bites, have made its maker the latest target for patients and politicians infuriated by soaring drug prices.
 
Frankfurt charm offensive for Brexit-wary London
The marketing team of Frankfurt never expected its English-language dummy website to attract new businesses would actually go live after Britain's European Union referendum.
 
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