Ask for the Business : Business Guide and Help

Peter Dolan, head of US pharmaceuticals giant Bristol-Myers Squibb, has stepped down over a botched deal to block the sale of a generic version of it’s bestselling Plavix. Investors cheered on this news as the company’s stock rose 3 percent to USD 24.05 by lunchtime trading on Tuesday ( 12th September 2006 ).
Plavix, a drug [...]

IMF is urging China to allow appreciation of the yuan, while simultaneously warning that an uncontrolled fall in the US dollar could have disastrous effects on world markets.
IMF voiced concerns that the yuan should reflect the true value of China’s economy. If artificially kept low, the global economic imbalance could adversely affect world financial markets. [...]