Business

European Union antitrust regulators will decide by Jan. 14 whether to clear two asset trade deals between Swiss drugmaker Novartis and British rival GlaxoSmithKline, the European Commission said on Monday. Novartis is buying GSK's oncology products for $14.5 billion plus...

The European Union's insurance watchdog said on Monday it expected rapid action from insurers and supervisors to address weaknesses in capital and business models it had identified in a series of stress tests. In findings released on Sunday, the independent...

State-controlled German rail company Deutsche Bahn is seeking a total of about 2.1 billion euros ($2.6 billion) in damages in Germany and United States from air freight carriers that were involved in a cartel. The separate suits relate to...

Nigeria's naira fell 2.5 percent on Friday, despite central bank intervention, and it briefly touched a record low on concerns OPEC's decision not to cut oil output would put further pressure on Nigeria's shaky finances. The central bank has struggled...

Vodafone (VOD.L) is reviewing potential acquisitions, including of Europe's leading cable operator Liberty Global (LBTYA.O), to counter the pending consolidation among rivals in Britain, five people close to the matter said. The internal deliberations at the world's second-biggest mobile operator,...

Mall crowds were relatively thin on Black Friday in a sign of what has become the new normal in U.S. holiday shopping: the mad rush is happening the night of Thanksgiving and more consumers are picking up deals online. Across...

Oil plunged below $70 a barrel for the first time since 2010, leading a selloff in commodities and energy shares. Treasuries advanced and the dollar reached a five-year high, while retailers rose amid Black Friday sales. West Texas Intermediate tumbled 10...

BEVERLY HILLS, November 28, (THEWILL) – United Bank for Africa (UBA) Plc, one of Africa’s largest financial services institutions, swept the global banking awards in London, Thursday, winning in five categories to become one of the highest single winning...

World investors eased back on their exposure to risk assets such as stocks as they grappled with divergent monetary policies and multi-speed growth paths among major world economies, a global poll shows. A monthly survey of 47 senior investors in...

Britain's biggest drugmaker, GlaxoSmithKline Plc, fired an executive from its South African unit for refusing to appear for a performance review, which was called a week after he complained of racial discrimination in the workplace, Bloomberg reported, citing company...