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EU tackles fake medicines

A new directive to protect patients from fake medicines has been approved by the European Parliament. It paves the way for new safeguards including extra safety features on drug packaging and new measures for internet pharmacies. An…

US regulators close to punishing banks

U.S. bank regulators are finalizing punishments against mortgage servicers after a probe found "critical deficiencies" with the industry's foreclosure processes. John Walsh, the acting head of the Office of the Comptroller of the Currency,…

BHP Billiton makes $10b profit

BHP Billiton Ltd., the world's biggest mining company, said Wednesday it plans to return $10 billion to its shareholders after soaring iron ore and copper prices helped its first-half net profit jump 71.5 percent. The Melbourne-based…

Japan, India sign free trade agreement

Japan and India have signed a free-trade agreement that will see tariffs on 94% of goods scrapped within a decade. It will focus on the textile, drug, auto and services sectors, and comes as trade between the two is sliding. Bilateral…

Asian shares rise higher

Asian stock markets were mostly higher Wednesday, with Japan's Nikkei breezing past its 10-month closing high of the day before as the yen weakened, boosting exporters. Oil prices rose to near $85 a barrel after a report showed U.S. crude…