The Traderszone Network

On a sunny day in San Francisco last January, AstraZeneca Chief Executive Pascal Soriot was on his way to the Westin St. Francis hotel on Union Square to give investors some unexpectedly good news. What shareholders did not know at the time was that two days earlier AstraZeneca had written to U.S. rival Pfizer rejecting its offer to buy the London-based group for close to $100 billion. Shares rose on the 2017 sales forecast as investors looked forward to a time when AstraZeneca would finally put behind it a wave of patent expiries on its drugs.

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The Obama administration will next week unveil a cornerstone of its climate-change initiative with a proposed rule aimed at allowing states to use various measures to meet aggressive goals for reducing carbon emissions, reports The Wall Street Journal.
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These are terrific times for Tim Lizura, the New Jersey official in charge of persuading companies in New York City and other places to come to the Garden State. Earlier this month, he landed some…

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As the corruption trial of two of Hong Kong’s wealthiest scions and a former top civil servant gets underway this week, Craig Stephen asks whether the territory’s own capitalist system is being judged.
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FXStreet (Moscow) – AUD/USD knocked at the resistance area of 0.9260, but retraced to current…

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On the same day in which we released our letter writing campaign to “End Gold Price Manipulation Now!”, Barclays Plc was fined $43.8 million and Barclays trader Daniel James Plunkett was fined more than $160,000 for manipulating the gold price to avoid a $3.9 million payout to a client that had placed options on gold in the market. Of course, these types of shenanigans have been going on for more than a decade now, but since this event marks the first significant fine against a bullion bank and a banker for gold price manipulation, it is groundbreaking in that regard.

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A Chinese boat hit and sank a Vietnamese fishing vessel not far from where China has stationed an oil rig in disputed waters.