Business

Hong Kong-based Hutchison Whampoa gained European Union regulatory approval on Wednesday for its $1 billion bid for Telefonica's Irish business in a case that could set the tone for Telefonica's bigger German deal. Approval of the Hutchison takeover and Telefonica's...

SAN FRANCISCO, May 27, (THEWILL) – The Presidency Tuesday said reports in the national and foreign media that the Federal Government is currently in the process of recruiting an international public relations firm to “counter mounting criticism both inside...

Shares in AstraZeneca (AZN.L) fell 2.3 percent on Tuesday after U.S. drugmaker Pfizer (PFE.N) said it would not make a formal bid to acquire its smaller British rival. Pfizer's decision - announced on Monday during a public holiday - had...

Three former Barclays traders appeared in a London court on Tuesday as Britain formally began its first criminal proceedings against U.S.-based Libor traders, part of a global investigation into alleged rigging of benchmark interest rates. The Serious Fraud Office (SFO)...

Apple Inc supplier Foxconn Technology Group will buy a stake in Taiwanese mobile telecoms operator Asia Pacific Telecom for T$11.6 billion ($390 million) in a deal that would expand its presence in Taiwan's fledgling 4G telecoms market. Foxconn, which is...

Inflation in the euro zone will likely stay "significantly" below the European Central Bank's target this year and next, ECB Governing Council member Ewald Nowotny said in the Austrian National Bank's annual report. "But over the medium term it is...

BEVERLY HILLS, CA, May 26, (THEWILL) – For misrepresenting its orders on the planned probe of the Nigerian National Petroleum Corporation (NNPC) and the Petroleum Resources Minister, Diezani Alison-Madueke, over alleged $10 billion spent on chartering private jet, a...

Standard Chartered (STAN.L) is set to close its Swiss private bank in Geneva, broadcaster Radio Television Suisse (RTS) reported on Monday. The Asia-focused bank said in February it was looking to sell the Swiss private bank as part of a...

India will move to recover bank guarantees from an aborted 560-million-euro helicopter deal with Italy's Finmeccanica (SIFI.MI), the defense ministry said, after an Italian court lifted a freeze on 228 million euros held with European banks. New Delhi scrapped the...

Italian assets surged and German shares hit all-time highs on Monday as solid election showings by pro-European forces in both countries provided an antidote to Eurosceptic gains in France, the UK and Greece. Though nationalists scored stunning victories in a...