Latest Shanghai News

Fake doctors, pilfered medical records drive Oxy China sales

Nov. 20, 2019 9:28 AM EST

SHANGHAI (AP) — Thousands of lawsuits across the United States have accused a drug company owned by the billionaire Sackler family of using false claims to push highly addictive opioids on an unsuspecting nation, fueling the deadliest drug epidemic in U.S. history. Yet, even as its U.S. drugmaker collapses...

Fake doctors, misleading claims drive OxyContin China sales

Nov. 20, 2019 12:51 AM EST

SHANGHAI (AP) — OxyContin is a dying business in the United States. Purdue Pharma, owned by the billionaire Sackler family, is collapsing under an avalanche of lawsuits that accuse the company of using false claims to push its blockbuster painkiller in the U.S., profiting as an unsuspecting nation slipped...

Global shares mostly rise while investors await trade news

Nov. 19, 2019 8:00 AM EST

TOKYO (AP) — Global shares rose Tuesday as investors appeared hopeful for positive news from the trade talks between the United States and China. Strong economic data and better-than-expected corporate earnings have buoyed U.S. shares since early October, while “markets remain convinced that we will...

Asian shares mixed amid caution on US-China trade talks

Nov. 18, 2019 10:30 PM EST

TOKYO (AP) — Asian shares are mixed as investors remain cautious over prospects for an agreement in trade talks between the United States and China. Japan’s benchmark Nikkei 225 edged 0.1% lower to 23,384.14. Australia’s S&P/ASX 200 added 0.4% to 6,745.60. South Korea’s Kospi...

Global shares mostly rise on talk of China-US trade deal

Nov. 15, 2019 7:39 AM EST

BANGKOK (AP) — Shares mostly rose on Friday after U.S. governments officials said they were getting close to an agreement with China to cool tensions over trade. Germany’s DAX rose 0.2% to 13,208, and France’s CAC 40 gained 0.4% to 5,922. Futures for the Dow Jones Industrial Average and the...

Global markets lower amid uncertainty about US-China trade

Nov. 14, 2019 7:58 AM EST

BEIJING (AP) — Global stock markets slipped Thursday amid doubts about a U.S.-Chinese trade deal and after the U.S. Federal Reserve chairman said it is likely to leave its benchmark interest rate unchanged. London and Frankfurt were trading lower after Tokyo and Hong Kong closed down for the day. Wall...

Asian markets mixed after Wall Street high

Nov. 13, 2019 11:20 PM EST

BEIJING (AP) — Asian stock markets were mixed Thursday amid doubts about the status of a U.S.-Chinese trade deal after the U.S. Federal Reserve’s chairman said it is likely to leave its benchmark interest rate unchanged. Investors were wary after The Wall Street Journal reported Chinese negotiators...

Sour grapes: Trade war puts cork in US wine sales to China

Nov. 13, 2019 8:02 PM EST

LIVERMORE, Calif. (AP) — Caught in the crossfire of President Donald Trump’s trade war with China, U.S. vineyards are struggling to sell Syrah in Shanghai and Chardonnay in Shenzhen. They risk losing their foothold in one of the world’s fastest-growing wine markets. The 16-month dispute...

Global stocks sink after Trump threatens more China tariffs

Nov. 13, 2019 7:48 AM EST

BEIJING (AP) — Global stocks sank Wednesday after U.S. President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Market benchmarks in London, Frankfurt, Shanghai and Tokyo declined. Wall Street looked set to slip. Trump...

As Hong Kong descends into chaos, China mulls its options

Nov. 13, 2019 4:19 AM EST

BEIJING (AP) — A sharp escalation of violence in Hong Kong is once again raising the question of how China's central government will respond: Will it intervene, or allow the chaos to persist? The Liaison Office, which represents mainland authorities in Hong Kong, said Wednesday that actions in the...