TOKYO - Volkswagen overtook Toyota in global vehicle sales for January-June, the first time the German automaker has come out at the top in the intensely competitive tallies.
French drugmaker Sanofi said on Tuesday it was committing up to US$2.17 billion to a collaboration with its long-time partner Regeneron Pharmaceuticals in the hot area of cancer immunotherapy.
The Australian share market has recovered most of its earlier losses and closed just slightly down after a choppy day of trade as investors kept a close eye on China's volatile markets.
BP's second-quarter profits have been hit by a $9.8bn (�6.3bn) charge from the Deepwater Horizon explosion, after it settled long-running legal action over the disaster.
Shares in Melrose Industries rose 13 per cent in early trading after it sold its Elster meter business to US industrial giant Honeywell for �3.3bn in cash.