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Insys agrees to pay US$225mil to settle US opioid-sales probes

NEW YORK: Insys Therapeutics Inc, grappling with the prospect of bankruptcy after its founder was convicted on racketeering charges, agreed to pay US$225mil to settle US claims that the drug maker illegally sold opioid-based painkillers.

Asia’s deal-making Ong brothers

BLACK Monday, the Black Friday mini crash in 1989, the 1997 Asian financial crisis and the 2008 subprime crisis. Asia’s deal-making Ong brothers have come a long way to becoming household names in private equity.

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Aramco emerges ahead of Apple as world’s most profitable company

The firm generated net income of $111 billion last year; Apple’s equivalent profit was roughly $60 billion

Talk is cheap. Unless you’re a UBS banker

CARELESS talk costs dollars.