News Archive - 9 July 2015

Russia says Iran nuclear deal 'within reach'

>"We are close to a comprehensive agreement," Lavrov told journalists on the sidelines of the BRICS summit in the Russian city of Ufa. "It is within reach."He added that a new, permanent deal would open the road to lifting sanctions against Iran. Iran offered some new solutions to resolve...

AstraZeneca divests gastrointestinal drug for $215 million

>The British drugmaker, which has high hopes for its new drug pipeline but faces declining sales as older products lose patent protection, said rights to Entocort outside the United States would be acquired by Tillotts Pharma, part of the Zeria Group.Entocort, or budesonide, is used to treat patients with...

Military helps cut Honduras murder rate, but abuses spike

>Former President Porfirio Lobo rolled out the military in 2012 to fight drug gangs and his successor Juan Hernandez upped the offensive, pledging to "put a soldier on every corner".While that may help Honduras shake off its reputation as the world's deadliest country, a litany of murder, rape and...

U.S. IRS cracks down on hedge funds' tax strategy: NYT

>Hedge funds using the options must declare them on their tax returns and they will be penalized if they fail to do so, the newspaper reported, adding the new requirement was being backdated four years. "The law is very clear in this area - basket options are a tax shelter.

China stocks rebound sharply after Beijing slaps curbs on selling

>BEIJING/SHANGHAI Chinese stocks rebounded around 6 percent on Thursday, as Beijing's increasingly frantic attempts to arrest a sell-off that has roiled global financial markets finally appeared to gain some traction.In the most drastic step yet to prop up the market, China's securities regulator banned shareholders with large stakes in...